Trom Industries IPO
IPO Listing Details
- Listing Date
01 Aug 2024
- Listing Price
₹ 218.50
- Listing Change
90.00%
- Last Traded Price
₹ 244.00
IPO Details
- Open Date
25 Jul 2024
- Close Date
29 Jul 2024
- IPO Price Range
₹ 100 to ₹ 115
- IPO Size
₹ 31.37 Cr
- Listing Exchange
NSE SME
- Listing Date
01 Aug 2024
IPO Timeline
Trom Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-July-2024 | 0.50 | 16.61 | 20.31 | 13.86 |
| 26-July-2024 | 0.52 | 34.69 | 55.07 | 35.12 |
| 29-July-2024 | 197.07 | 751.90 | 483.14 | 459.00 |
Last Updated: 30 July 2024 11:53 AM by 5Paisa
Last Updated: 29th July 2024, 5:53 PM by 5paisa
Trom Industries IPO is set to open on 25 July 2024 and will close on 29 July 2024. The company is a solar EPC firm that specializes in residential rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lighting.
The IPO includes a fresh issue of 27,27,600 shares aggregating up to ₹31.37 Cr. The price range is ₹100 to ₹115 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalized on 30 July 2024. It will go public on NSE SME, with a tentative listing date of 1 August 2024.
Expert Global Consultants Private Limited is the book-running lead manager, while Kfin Technologies Limited is the registrar.
Objectives Of Trom Industries IPO
1. Funding of capital expenditure requirements towards the set up of a Solar Power Plant.
2. To meet the working capital requirement.
3. General corporate purposes.
Trom Industries IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 31.37 |
| Offer for sale | - |
| Fresh issue | 31.37 |
Trom Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138000 |
| Retail (Max) | 1 | 1200 | ₹138000 |
| S-HNI (Min) | 2 | 2400 | ₹276000 |
Trom Industries IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 197.07 | 5,18,400 | 10,21,59,600 | 1,174.84 |
| NII (HNI) | 751.90 | 3,88,800 | 29,23,36,800 | 3,361.87 |
| Retail | 483.14 | 9,07,200 | 43,83,06,000 | 5,040.52 |
| Total | 459.00 | 18,14,400 | 83,28,02,400 | 9,577.23 |
Trom Industries IPO Anchor Allocation
| Anchor Bid Date | 24 July, 2024 |
| Total no. of shares offered | 776,400 |
| Portion Size for Anchor Investors | 8.93 Cr. |
| Lock in Period for 50% shares (30 days) | 29 August, 2024 |
| Lock in Period for rest of shares (90 days) | 28 October, 2024 |
Trom Industries Limited, established in 2011, is a solar EPC firm that specializes in residential rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lighting.
The firm has numerous business categories, including tailored solar solutions for households, large-scale solar systems for industrial uses, ground-mounted solar collectors, and solar street lighting for public and commercial spaces.
Trom Industries manufactures solar street lights, solar freezers, off-grid solar systems, solar house lights, solar water purifiers, solar water pumps, and AC LED street and flood lights.
As of March 1, 2024, the firm has 31 employees, including directors and senior management professionals.
For more information
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 54.55 | 24.14 | 30.57 |
| EBITDA | 5.73 | 0.29 | 0.36 |
| PAT | 7.66 | 0.40 | 0.48 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 29.20 | 21.55 | 18.54 |
| Share Capital | 6.47 | 0.01 | 0.01 |
| Total Borrowings | 5.74 | 4.93 | 0.86 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -3.71 | -2.27 | 0.72 |
| Net cash from / (used in) investing activities | 0.09 | -0.03 | 0.22 |
| Net cash flow from / (used in) financing activities | 3.66 | 2.13 | -1.30 |
| Net increase (decrease) in cash and cash equivalents | 0.05 | -0.17 | -0.36 |
Strengths
1. Trom Industries has over a decade of experience in the solar EPC sector.
2. The company offers a wide range of solar products and services.
3. Trom Industries specializes in customized solar solutions.
4. The renewable energy sector is expanding rapidly, driven by increasing environmental awareness and government incentives.
5. The inclusion of AC LED lights and solar products like freezers and water purifiers adds to the company's diversified product portfolio.
Risks
1. The solar industry is highly competitive, with numerous players ranging from small startups to large multinational corporations.
2. Changes in government policies or regulations could affect the company's operations and profitability.
3. Rapid technological advancements in the solar industry may require continuous investment in R&D.
4. The company may face risks related to the supply of key components and materials.
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FAQs
Trom Industries IPO opens from 25th July to 29th July 2024.
The size of Trom Industries IPO is ₹31.37 Cr.
The price of Trom Industries IPO is fixed at ₹100 to ₹115 per share.
To apply for Trom Industries IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Trom Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Trom Industries IPO is 1200 shares and the investment required is ₹1,38,000.
The share allotment date of Trom Industries IPO is 30th July 2024
The Trom Industries IPO will be listed on 1st August 2024.
Expert Global Consultants Private Limited is the book-running lead manager for Trom Industries IPO.
Trom Industries plans to utilize the raised capital from the IPO for:
1. Funding of capital expenditure requirements towards the set up of a Solar Power Plant.
2. To meet the working capital requirements.
3. General corporate purposes.
Contact Information
Trom Industries
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Trom Industries IPO Lead Manager
Expert Global Consultants Private Limited
