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Trom Industries IPO is a book built issue of Rs 31.37 crores. The issue is entirely a fresh issue of 27.28 lakh shares.
Trom Industries IPO opens for subscription on July 25, 2024 and closes on July 29, 2024. The allotment for the Trom Industries IPO is expected to be finalized on Tuesday, July 30, 2024. Trom Industries IPO will list on NSE SME with tentative listing date fixed as Thursday, August 1, 2024.
Trom Industries IPO price band is set at ₹100 to ₹115 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹276,000.
Expert Global Consultants Private Limited is the book running lead manager of the Trom Industries IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Trom Industries IPO is Sunflower Broking.
Refer to Trom Industries IPO RHP for detailed information.
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹115 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,727,600 shares (aggregating up to ₹31.37 Cr) |
| Fresh Issue | 2,727,600 shares (aggregating up to ₹31.37 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,467,266 |
| Share holding post issue | 9,194,866 |
| Market Maker portion | 136,800 shares Sunflower Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Trom Industries IPO opens on July 25, 2024, and closes on July 29, 2024.
| IPO Open Date | Thursday, July 25, 2024 |
| IPO Close Date | Monday, July 29, 2024 |
| Basis of Allotment | Tuesday, July 30, 2024 |
| Initiation of Refunds | Wednesday, July 31, 2024 |
| Credit of Shares to Demat | Wednesday, July 31, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 1 | 1200 | ₹138,000 |
| HNI (Min) | 2 | 2,400 | ₹276,000 |
| Lot Size Calculator | |||
Jignesh Patel and Pankaj Pawar are the company's promoters.
| Share Holding Pre Issue | 98.84% |
| Share Holding Post Issue | 69.52% |
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:
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.
Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,919.93 | 2,155.35 | 1,854.32 |
| Revenue | 5,454.68 | 2,413.80 | 3,056.55 |
| Profit After Tax | 572.93 | 28.86 | 35.98 |
| Net Worth | 1,222.57 | 249.92 | 221.12 |
| Reserves and Surplus | 575.84 | 248.92 | 220.12 |
| Total Borrowing | 573.71 | 492.82 | 85.66 |
| Amount in ₹ Lakhs | |||
The market capitalization of Trom Industries IPO is Rs 105.74 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 77.82% |
| ROCE | 47.11% |
| Debt/Equity | 0.47 |
| RoNW | 77.82% |
| P/BV | 6.08 |
| PAT Margin (%) | 10.54 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.86 | 6.23 |
| P/E (x) | 12.98 | 18.46 |
The company intends to utilize the proceeds of the issue to meet the following objects:
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
Trom Industries IPO is a SME IPO of 2,727,600 equity shares of the face value of ₹10 aggregating up to ₹31.37 Crores. The issue is priced at ₹100 to ₹115 per share. The minimum order quantity is 1200 Shares.
The IPO opens on July 25, 2024, and closes on July 29, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Trom Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Trom Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Trom Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Trom Industries IPO opens on July 25, 2024 and closes on July 29, 2024.
Trom Industries IPO lot size is 1200 Shares, and the minimum amount required is ₹138,000.
You can apply in Trom Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Trom Industries IPO will be done on Tuesday, July 30, 2024, and the allotted shares will be credited to your demat account by Wednesday, July 31, 2024. Check the Trom Industries IPO allotment status.
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