Trom Industries IPO Subscription Status

Last updated on July 30, 2024

Trom Industries IPO subscription started on 25 July 2024 and will close on 29 July 2024. Trom Industries plans to raise around INR 27.28 – 31.37 crores via the IPO. The price band is fixed at INR 100 – 115 per share. The Trom Industries IPO market lot has 1,200 shares and the minimum application amount is INR 1,38,000. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Trom Industries IPO subscription status here. The subscription figures are taken from NSE EMERGE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Trom Industries IPO subscription status segregated by days and investor categories.

Trom Industries IPO Subscription Status – Live Updates

The market maker reservation portion of 1,36,800 shares and anchor allocation of 7,76,400 shares are not included in the above calculations.

Trom Industries is a prominent player in the solar energy sector in India, specializing in the engineering, procurement, and construction (EPC) of solar power projects. With over 12 years of experience, the company focuses on various applications, including residential rooftop installations, industrial solar power plants, and solar street lighting. Trom Industries is committed to promoting sustainable energy solutions and has completed numerous projects, serving more than 30,000 customers. The company is ISO 9001 and 14001 certified, reflecting its dedication to quality and environmental management in its operations.

The company’s clients include ONGC, Reliance Industries, GAIL, Honda, Amul, Vedanta, and more. As of 31 March 2024, the company employed 31 people.

Investor Categories in Trom Industries IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Trom Industries IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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