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:
- 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.
As of March 01, 2024, the Company had 31 employees, including directors and key management personnel.
Trom Industries IPO – Details
| IPO Opening Date | 25 July 2024 |
| IPO Closing Date | 29 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 27,27,600 Shares Worth ₹31.37 Crore Fresh Issue: 27,27,600 Shares Worth ₹31.37 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 – ₹115 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Trom Industries IPO – Date Schedule
| IPO Open Date | 25 July 2024 |
| IPO Close Date | 29 July 2024 |
| Basis of Allotment | 30 July 2024 |
| Initiation of Refund | 31 July 2024 |
| Credit of Shares to Demat Account | 31 July 2024 |
| IPO Listing Date | 01 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2024 |
Trom Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,38,000 |
| Retail (Max) | 1 | 1200 | ₹1,38,000 |
| HNI (Min) | 2 | 2400 | ₹2,76,000 |
Competitive Strengths
- Wide Range of Products.
- Strong relationship with customers and suppliers.
- Experienced management team with industry expertise.
Company Promoters
- Jignesh Patel
- Pankaj Pawar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 30.56 | 30.08 | 0.35 | 0.85 |
| 31 March 2023 | 24.13 | 23.74 | 0.28 | 4.92 |
| 31 March 2024 | 54.54 | 46.88 | 5.72 | 5.73 |
Key Performance Indicator
| 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 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | 69.52% |
Trom Industries IPO Prospectus
Company Contact Information
| 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 Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Trom Industries IPO Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
Trom Industries IPO FAQs
| What is Trom Industries IPO? Trom Industries IPO is a SME IPO. The issue is priced at ₹100 and ₹115 per equity share. The IPO is to be listed on NSE SME. |
| When Trom Industries IPO will open? The IPO is to open on 25 July 2024 for QIB, NII, and Retail Investors. |
| What is Trom Industries IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Trom Industries IPO? You can apply Trom Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Trom Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Trom Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Trom Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Trom Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Trom Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Trom Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Trom Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Trom Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Trom Industries IPO Size? Trom Industries IPO size is ₹31.37 Crore. |
| What is Trom Industries IPO Price Band? Trom Industries IPO Price Band is ₹100 – ₹115. |
| What is Trom Industries IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,38,000 amount while the maximum bid is 1200 Shares with ₹1,38,000. |
| What is the Trom Industries IPO Allotment Date? Trom Industries IPO allotment date is 30 July 2024. |
| What is the Trom Industries IPO Listing Date? Trom Industries IPO listing date is 01 August 2024. The IPO is to be listed on NSE SME. |
