Trom Industries IPO will open for subscription from 25 July 2024. The company aims for an issue size of ₹31.37 Cr through this IPO.
Company Overview
| Full name | Trom Industries Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.tromindustries.com/ |
About Company
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.
The Objectives of the Issue
- Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant;
- To meet the working capital requirements; and
- General corporate purposes.
Trom Industries IPO Timetable
| IPO Opening date | 25 July 2024 |
| IPO Closing | 29 July 2024 |
| Basis of Allotment | 30 July 2024 |
| Initiation Refund | 31 July 2024 |
| Credit to Demat Account | 31 July 2024 |
| Listing Date | 01 August 2024 |
Trom Industries IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹31.37 Cr – 2,727,600 shares |
| Fresh Issue | ₹31.37 Cr – 2,727,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹100 to ₹115 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 136,800 shares |
| Shareholding pre-issue | 6,467,266 |
| Shareholding post-issue | 9,194,866 |
| Listing Exchange | NSE SME |
Trom Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 1 | 1200 | ₹138,000 |
| HNI (Min) | 2 | 2,400 | ₹276,000 |
Trom Industries Offer Documents
Trom Industries IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 776,400 (28.46%) |
| Market Maker Shares Offered | 136,800 (5.02%) |
| QIB Shares Offered | 518,400 (19.01%) |
| NII (HNI) Shares Offered | 388,800 (14.25%) |
| Retail Shares Offered | 907,200 (33.26%) |
| Total Shares Offered | 2,727,600 (100%) |
Trom Industries Financial Performance
| 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 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 |
Company Promoters
- Jignesh Patel
- Pankaj Pawar
Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | 69.52% |
Trom Industries IPO GMP Update
| 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 Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 197.07 |
| NII | 751.90 |
| Retail | 483.14 |
| Total | 459.00 |
Trom Industries IPO Allotment Status
Trom Industries IPO Listing Details
| Listing Date | 01 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | TROM |
| ISIN | INE0SYV01018 |
| Final Issue Price | ₹115 per share |
Trom Industries IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹115.00 |
| Open | ₹218.50 |
| Low | ₹218.50 |
| High | ₹229.40 |
| Last Trade | ₹229.40 |
Trom Industries Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Trom Industries Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: trom.ipo@kfintech.com
Website: www.kfintech.com
Trom Industries Contact Details
TROM INDUSTRIES LIMITED
4th Floor, 421, Pramukh Tangent, NR. Sargasan
Cross Road, Gandhinagar – 382421, Gujarat
Phone: +91-79 2965 6678
E-mail: info@tromindustries.com
Website: www.tromindustries.com
Trom Industries IPO FAQs
What is the Trom Industries offer size?
Trom Industries offer size is ₹ 27.28 – 31.37 crores.
What is the Trom Industries offer price band?
Trom Industries public offer price is ₹ 100 – 115 per share.
What is the lot size of the Trom Industries Offer?
Trom Industries offer a lot size is 1,200 shares.
What is Trom Industries Offer GMP today?
Trom Industries IPO GMP today is ₹ 140 per share.
What is the Trom Industries kostak rate today?
Trom Industries kostak rate today is ₹ NA per application.
What is Trom Industries Subject to the Sauda rate today?
Trom Industries is Subject to the Sauda rate today is ₹ 1,33,000 per application.
Final thoughts
Trom Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
