Trom Industries Limited IPO Detail
Founded in 2011, Trom Industries Limited is a solar EPC (Engineering, Procurement and Construction) company specializing in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights.
Trom Industries' business segments include:
- Residential rooftop installations: The company designs and implements solar systems customized for individual homes.
- Installations for the industrial sector: The company plans and builds large-scale solar power plants for industrial needs.
- Ground-mounted solar power plants: This involves the development of ground-mounted solar collectors.
- Supply and installation of solar street lights for public and commercial areas.
The company's product portfolio includes (1) solar products: Solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps, and (2) AC LED lights: AC LED street lights and AC LED flood lights.
As of March 01, 2024, the Company had 31 employees, including directors and key management personnel.
Company Promoters
Jignesh Patel and Pankaj PawarIPO Details
| IPO Opening Date | Jul 25, 2024 |
| IPO Closing Date | Jul 29, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 - 155 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹31.37 Cr |
| Fresh Issue | ₹31.37 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.50x | 0.00x | 0.00x | 16.66x | 20.44x | 13.93x |
| Day 2 | 0.52x | 0.00x | 0.00x | 34.79x | 55.53x | 35.37x |
| Day 3 | 197.07x | 0.00x | 0.00x | 751.90x | 483.14x | 459.00x |
IPO Tentative Timetable
The Trom Industries Limited IPO open date is Jul 25, 2024, and the close date is Jul 29, 2024. The issue may list on Aug 01, 2024.
| IPO Open Date | Jul 25, 2024 |
| IPO Close Date | Jul 29, 2024 |
| Basis of Allotment Date | Jul 30, 2024 |
| Initiation of Refunds | Jul 31, 2024 |
| Credit of Shares to Demat Account | Jul 31, 2024 |
| IPO Listing Date | Aug 01, 2024 |
IPO Lot Size
The Trom Industries Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹186000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹186000 |
| Maximum | 1 | 1200 | ₹186000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | 69.52% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1854.32 | 3056.55 | 35.98 |
| 31-Mar-23 | 2155.35 | 2413.80 | 28.86 |
| 31-Mar-24 | 2919.93 | 5454.68 | 572.93 |
Objects of the Issue:
The company intends to utilize the proceeds of the issue to meet the following objects:
- 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 Limited IPO Registrar:
KFin Technologies Limited
Trom Industries Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Trom Industries Limited
4th Floor, 421, Pramukh Tangent,
NR. Sargasan Cross Road,
Gandhinagar - 382421
