Contents
- 1 Trom Industries IPO Details
- 2 Trom Industries IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Trom Industries IPO GMP (Grey Market Premium)
- 6 Trom Industries IPO Subscription Status
- 7 Trom Industries IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue
- 10 Trom Industries Limited Financial Information
- 11 Financial KPIs of Trom Industries Limited
- 12 Trom Industries Limited IPO Valuation – FY2024
- 13 Peer Group
- 14 Trom Industries Limited IPO Registrar
- 15 Trom Industries Limited IPO Lead Manager
- 16 Trom Industries Limited Contact
- 17 Trom Industries IPO Application Form PDF
- 18 FAQs about Trom Industries Limited IPO
- 18.1 What is the IPO size and how many shares are being offered?
- 18.2 What is the price band for Trom Industries IPO?
- 18.3 When does the Trom Industries IPO open and close for subscription?
- 18.4 How much of the IPO shares are allocated to retail investors, QIBs, and HNIs?
- 18.5 How can investors check the allotment status of Trom Industries IPO?
Trom Industries IPO is a fixed-price issue aiming to raise ₹31.37 crores. The entire issue consists of 27.28 lakh new equity shares.
Trom Industries IPO is open for subscription on July 25, 2024, and closes on July 29, 2024. The allotment for the IPO is expected on July 30, 2024. Trom Industries IPO will be listed on NSE SME with a listing date fixed as August 1, 2024.
Investors can subscribe to the IPO at a price band of ₹100 to ₹115 per share. The smallest unit for application is 1200 shares, requiring a minimum investment of ₹138,000 for retail investors. High Net-worth Individuals (HNI) need to apply for at least 2 lots (2,400 shares), amounting to ₹276,000.
Source – Trom Industries IPO RHP
Trom Industries IPO Details
| Open Date | July 25, 2024 |
| Close Date | July 29, 2024 |
| IPO Size | A total of Rs ₹31.37 crores and 27.28 lakh shares |
| Fresh Issue | 27,27,600 Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹100 to ₹115 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1200 Shares |
| OFS | N.A |
| Share Offered to Retail | 35% |
| Share Offered to QIB | 50% |
| Share Offered to HNI | 15% |
Trom Industries IPO Date
- IPO Open Date: July 25, 2024
- IPO Close Date: July 29, 2024
- Allotment: July 30, 2024
- Refunds: July 31, 2024
- Shares Credit to Demat: July 31, 2024
- Listing Date: August 1, 2024
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 |
Promoter Holding
Before the issue, Jignesh Patel and Pankaj Pawar, the company’s promoters, collectively held 98.84% of the shares. After the issue, their combined shareholding decreased to 69.52%.
Trom Industries IPO GMP (Grey Market Premium)
If you want to know Trom Industries IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Trom Industries IPO Subscription Status
Trom Industries IPO subscription starts on July 25, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Trom Industries IPO Allotment Status
To check the Trom Industries IPO allotment status go to the IPO registrar website ”Kfin Technologies Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Established in 2011, Trom Industries Limited specializes in solar EPC (Engineering, Procurement, and Construction) solutions. They focus on installing solar systems for homes, industries, and public spaces like streets.
Their offerings include residential rooftop setups, large-scale industrial plants, ground-mounted solar arrays, and solar street lighting. Trom Industries also provides a variety of solar products such as street lights, freezers, home lighting systems, and water purifiers, alongside AC LED lights like street and flood lights.
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; and
- General corporate purposes.
Trom Industries Limited Financial Information
The financial information for Trom Industries Limited is presented in a table format:
| Period Ended | 31 Mar 2024 (₹ Lakhs) | 31 Mar 2023 (₹ Lakhs) | 31 Mar 2022 (₹ Lakhs) |
|---|---|---|---|
| Assets | 2,919.93 | 2,155.35 | 1,854.32 |
| Revenue | 5,454.68 | 2,413.80 | 3,056.55 |
| Profit After Tax (PAT) | 572.93 | 28.86 | 35.98 |
| Net Worth | 1,222.57 | 249.92 | 221.12 |
| Total Borrowing | 573.71 | 492.82 | 85.66 |
Trom Industries Limited’s financial performance over the years ended on March 31, 2022, March 31, 2023, and March 31, 2024.
Financial KPIs of Trom Industries Limited
The Key Performance Indicators (KPIs) for Trom Industries Limited for the financial years ending March 31, 2022, March 31, 2023, and March 31, 2024:
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Revenue from Operations (₹ lakhs) | 5,434.88 | 2,401.26 | 3,030.85 |
| EBITDA (₹ lakhs) | 830.11 | 129.90 | 93.44 |
| EBITDA margin (%) | 15.27 | 5.41 | 3.08 |
| Return on Capital Employed (ROCE) (%) | 45.80 | 16.10 | 27.00 |
| Profit After Tax (PAT) margin (%) | 10.54 | 1.20 | 1.19 |
| Return on Net Worth (RoNW) (%) | 77.82 | 12.25 | 17.72 |
| Debt-Equity Ratio | 0.47 | 1.97 | 0.39 |
| Interest Coverage Ratio | 10.76 | 1.50 | 2.39 |
| Days Working Capital | 104.37 | 81.54 | 25.61 |
| Industrial and Commercial Projects | 65 | 49 | 52 |
| Government Projects | 23 | 23 | 13 |
| Residential projects | 253 | 439 | 675 |
These KPIs provide a comprehensive overview of Trom Industries Limited’s financial health, operational performance, project execution, workforce size, and customer concentration across the specified financial years.
Trom Industries Limited IPO Valuation – FY2024
Peer Group
- Alpex Solar Limited
- Australian Premium Solar India Limited
- Solex Energy Limited
Trom Industries Limited IPO Registrar
Kfin Technologies Limited
Address: Selenium Tower-B, Plot No. 31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana
Tel. Number: +91-40-67162222
Toll Free No.: 1800 309 4001
Email Id: trom.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
Trom Industries Limited IPO Lead Manager
Expert Global Consultants Private Limited
Address:1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034, India
Tel No.:+91 11 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Trom Industries Limited Contact
Trom Industries Limited
4th Floor, 421, Pramukh Tangent,
NR. Sargasan Cross Road,
Gandhinagar – 382421
Phone: +91-079 29656678
Email: info@tromindustries.com
Website: http://www.tromindustries.com/
Trom Industries IPO Application Form PDF
To download the Trom Industries Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
FAQs about Trom Industries Limited IPO
Trom Industries Limited aims to raise ₹31.37 crores through its IPO. The total offering consists of 27.28 lakh new equity shares.
What is the price band for Trom Industries IPO?
The price band for Trom Industries IPO is set at ₹100 to ₹115 per share.
When does the Trom Industries IPO open and close for subscription?
The Trom Industries IPO opens for subscription on July 25, 2024, and closes on July 29, 2024.
Trom Industries IPO allocates 35% of shares to retail investors, 50% to Qualified Institutional Buyers (QIBs), and 15% to High Net-worth Individuals (HNIs).
How can investors check the allotment status of Trom Industries IPO?
Investors can check the IPO allotment status on the registrar’s website, Kfin Technologies Limited, or through the IPO Allotment section.
