Last updated on September 7, 2024
Trom Industries IPO description – Trom Industries is a Solar EPC (Engineering, Procurement, and Construction) company specializing in a variety of solar solutions, including residential rooftop systems, industrial solar power plants, ground-mounted solar installations, and solar street lights. Trom is dedicated to the comprehensive development of diverse solar projects.
The company’s product portfolio includes Solar Products: Solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps. AC LED Lights: AC LED street lights and AC LED flood lights. The company’s clients include ONGC, Reliance Industries, GAIL, Honda, Amul, Vedanta, and more. As of 31 March 2024, the company employed 31 people, including directors and key management personnel.
Trom Industries’ business segments include:
- Residential Rooftop Installations: Custom-designed solar systems tailored for individual homes.
- Industrial Sector Installations: Planning and constructing large-scale solar power plants to meet industrial needs.
- Ground-Mounted Solar Power Plants: Developing ground-mounted solar collectors.
- Solar Street Lights: Supplying and installing solar street lights for public and commercial areas.
Promoters of Trom Industries – Jignesh Patel, and Pankaj Pawar
Table of Contents
Trom Industries IPO Details
| Trom Industries IPO Dates | 25 – 29 July 2024 |
| Trom Industries Issue Price | INR 100 – 115 per share |
| Fresh issue | 27,27,600 shares (INR 27.28 – 31.37 crore) |
| Offer For Sale | NIL |
| Total IPO size | 27,27,600 shares (INR 27.28 – 31.37 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,38,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Trom Industries Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 30.31 | 24.01 | 54.35 |
| Expenses | 30.08 | 23.74 | 46.89 |
| Net income | 0.36 | 0.29 | 5.73 |
Trom Industries Offer News
- Trom Industries RHP
- Trom Industries Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Trom Industries Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.44 | 1.15 | 8.88 |
| PE ratio | – | – | 11.26 – 12.95 |
| RONW (%) | 17.72 | 12.25 | 77.82 |
| NAV | 8.81 | 9.96 | 18.90 |
| ROCE (%) | 27.00 | 16.10 | 45.80 |
| EBITDA (%) | 3.08 | 5.41 | 15.27 |
| Debt/Equity | 0.39 | 1.97 | 0.47 |
Trom Industries IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 31 July 2024 | 140 | – | 1,33,000 |
| 30 July 2024 | 137 | – | 1,30,000 |
| 29 July 2024 | 125 | – | 1,21,000 |
| 27 July 2024 | 112 | – | 1,08,000 |
| 26 July 2024 | 105 | – | 1,00,000 |
| 25 July 2024 | 105 | – | 1,00,000 |
| 24 July 2024 | 88 | – | 94,000 |
| 23 July 2024 | 55 | – | 57,500 |
Trom Industries IPO Dates & Listing Performance
| IPO Opening Date | 25 July 2024 |
| IPO Closing Date | 29 July 2024 |
| Finalization of Basis of Allotment | 30 July 2024 |
| Initiation of refunds | 31 July 2024 |
| Transfer of shares to demat accounts | 31 July 2024 |
| IPO Listing Date | 1 August 2024 |
| Opening Price on NSE SME | INR 218.50 per share (up 90%) |
| Closing Price on NSE SME | INR 229.40 per share (up 99.48%) |
Trom Industries Issue Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone:Â +91 011 4509 8234
Email:Â [email protected]
Website:Â www.expertglobal.in
Trom Industries Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Trom Industries Issue Contact Details
TROM INDUSTRIES LIMITED
4th Floor, 421, Pramukh Tangent, NR. Sargasan
Cross Road, Gandhinagar – 382421, Gujarat
Phone: +91-79 2965 6678
E-mail: [email protected]
Website: www.tromindustries.com
IPO FAQs
What is the Trom Industries offer size?
Trom Industries offer size is INR 27.28 – 31.37 crores.
What is the Trom Industries offer price band?
Trom Industries public offer price is INR 100 – 115 per share.
What is the lot size of the Trom Industries IPO?
Trom Industries offer a lot size is 1,200 shares.
What is Trom Industries IPO GMP today?
Trom Industries IPO GMP today is INR 140 per share.
What is the Trom Industries kostak rate today?
Trom Industries kostak rate today is INR NA per application.
What is Trom Industries Subject to the Sauda rate today?
Trom Industries is Subject to the Sauda rate today is INR 1,33,000 per application.
