Trom Industries IPO will be Open on July 25, 2024, and closes on July 29, 2024. The company has fixed the price of this IPO at ₹100-₹115 according to the face value of ₹10. The company will raise ₹31.37 Crores through this IPO under the 2,727,600 Equity Shares public issue, and the offer is 100% Book Built Issue. The company reserve quota in this IPO is 50% for QIB, 15% for NII, and 35% for Retail investors. You can check Trom Industries IPO GMP here.
Trom Industries Limited is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom is engaged in the comprehensive development of diverse solar projects. Trom designs and implements solar systems tailored to individual homes.
The company scales up our operations to design and construct larger solar power plants catering to industrial needs. Ground-mounted solar power plants involve the development of solar arrays on open land.
The Company extends our services to include the Supply and Installation of solar street lights for public and commercial areas. Our business encompasses engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. Our solar applications contribute to the growth of sustainable energy solutions across residential, industrial, public domains, and government sectors.
The business operations encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and an array of materials intricately connected to establishing and functioning solar power plants. Furthermore, we were also engaged in trading all types of footwear on a tiny scale during the period.
The Company is actively engaged in the development of green hydrogen projects as a pivotal aspect of our future business endeavors. Our warehouse is located at Plot No. B/53-A, G.I.D.C Electronics Estate, Sector No. 25, Gandhinagar-382024, Gujarat, India. You can check Trom Industries IPO subscription status here.
Objects Of The Issue :
- Funding of capital expenditure requirements of our Company towards set up of Solar Power Plant.
- To meet the working capital requirements.
- General corporate purposes.
Company Strengths :
- Wide Range of Products
- Strong relationships with customers and suppliers
- Experienced management team with industry expertise
| Read also: Upcoming IPO List 2024 |
Trom Industries IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹5.73 Cr ₹115 /EQ 8.88 12.95x 77.82 % 77.82 % 47.11 % 0.47 ₹18.90 ₹29.20 Cr ₹105.74 Cr 98.84 % 69.52 % |
| Team Review : | ✔ Apply For Long Term |
👉 Trom Industries IPO Show Review ….👈
- ■ The company is a solar EPC company with a proven track records.
- ■ The company top line & bottom line posted strong growth
- ■ The PE ratio of the company is very attractive.
- ■ The company Issue price is fully priced based on the PE Ratio.
- ■ Based on FY24 earning the issue appears fully priced, Investors can bid the long-term investing.
Trom Industries IPO, Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | July 25, 2024 |
| IPO Close : | July 29, 2024 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹100-₹115 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹31.37 Cr {2,727,600 Shares} |
| Fresh Issue : | ₹31.37 Cr {2,727,600 Shares} |
Trom Industries IPO Market Lot :
Trom Industries IPO Minimum Market lot is 1 Lot with 1200 shares with ₹138000 Application amount. The retail investors can apply up to 2 lots with 2400 Shares or ₹276000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1200 | ₹138000 |
| Retail (Max) : | 1 | 1200 | ₹138000 |
| S-HNI (Min) : | 2 | 2400 | ₹276000 |
Trom Industries IPO Net Reservation :
| Category | Shares Offer | Amount Cr |
| QIB : | Not more than 50.00% of the Offer | 15.68 |
| NII : | Not more than 15.00% of the Offer | 4.71 |
| RII : | Not more than 35.00% of the Offer | 10.98 |
| Total : | Net Value offer 100% | 31.37 |
Trom Industries IPO EPS & RoNW :
Trom Industries company’s EPS and RoNW growth increased last financial year, as shown in the table.
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 | 8.88 | 77.82 | 18.90 |
| 2023 | 1.15 | 12.25 | 9.96 |
| 2022 | 1.44 | 17.72 | 8.81 |
Trom Industries IPO Peer Comparison PE :
The Trom Industries, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Alpex Solar | 63.86 |
| Australian Premium Solar | 171.15 |
| Solex Energy | 137.79 |
Trom Industries IPO Dates :
Trom Industries IPO Date is July 25, 2024, and closes on July 29, 2024. The allotment will be finalized on July 30, 2024, and the IPO may list on August 01, 2024.
| Issue Open Date : | July 25, 2024 |
| Issue Close Date : | July 29, 2024 |
| Allotment Date : | July 30, 2024 |
| Refund Date : | July 31, 2024 |
| Share Credit Date : | July 31, 2024 |
| Listing Date : | August 01, 2024 |
Trom Industries IPO Form :
There are two ways to apply in Trom Industries IPO. You can apply for Trom Industries IPO through ASBA available in your bank account. You have to go to your online bank login select Trom Industries IPO in the Invest section and apply through your bank account. Another option is you apply for Trom Industries IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Trom Industries Company Financial Report (lakh) :
| Year | Revenue (₹) | Expense (₹) | PAT (₹) |
| 2024 | 5,454.68 | 4,688.69 | 572.93 |
| 2023 | 2,413.80 | 2,374.18 | 28.86 |
| 2022 | 3,056.55 | 3,008.45 | 35.98 |
Company Promoters :
■ Jignesh Patel
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investors
Trom Industries IPO Lead Managers :
■ Expert Global Consultants Private Limited
Trom Industries IPO Registrar :
Kfin Technologies Limited
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana, India.
Tel. No.: 40 6716 2222
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.kfintech.com
Note: Check Trom Industries IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Trom Industries Limited
4th Floor, 421, Pramukh Tangent,
NR. Sargasan Cross Road,
Gandhinagar –382421, Gujarat, India
Tel No: 079 29656678
Email:[email protected]
Website: www.tromindustries.com
Trom Industries IPO FAQs :
What is Trom Industries IPO?
Trom Industries IPO is an SME IPO. They are going to raise ₹31.37 Crores via IPO. The issue is priced at ₹115 per equity share. The IPO is to be listed on NSE, SME.
When Trom Industries IPO will open?
The IPO is to open from July 25 to July 29, 2024, for QIB, NII & RII.
How Much is Trom Industries’s IPO Size?
Trom Industries’s IPO size is ₹31.37 Crores.
How much is the fresh issue size of Trom Industries IPO?
The Fresh issue size of Trom Industries IPO ₹31.37 Cr.
What is Trom Industries IPO Price Band?
Trom Industries IPO Price Band is ₹100-₹115 Per share.
What is the Trom Industries IPO Minimum and Maximum Lot Size?
The minimum bid is 1200 Shares with ₹138,000 and the maximum bid is 2400 shares with ₹276,000.
How much is Trom Industries IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, RII 35%.
When is the Trom Industries IPO Allotment Date?
Trom Industries IPO allotment date is July 30, 2024
When is Trom Industries IPO Listing Date?
Trom Industries IPO listing date is August 01, 2024. The IPO is to be listed on NSE, SME.
| Trom Industries GMP: Click Here Trom Industries Subscription: Click Here Trom Industries Allotment: Click Here Trom Industries Listing: Click Here |
All Trom Industries IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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