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Trom Industries IPO is a book build issue of ₹31.37 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹31.37 crore.
Trom Industries IPO bidding started from Jul 25, 2024 and ended on Jul 29, 2024. The allotment for Trom Industries IPO was finalized on Jul 30, 2024. The shares got listed on NSE SME on Aug 1, 2024.
Trom Industries IPO price band is set at ₹115.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,76,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Trom Industries IPO RHP for detailed Information.
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | August 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹115 per share |
| Issue Price Final | ₹115 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,27,600 shares (aggregating up to ₹31.37 Cr) |
| Reserved for Market Maker | 1,36,800 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.57 Cr) |
| Net Offered to Public | 25,90,800 shares (aggregating up to ₹29.79 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 64,67,266 shares |
| Share Holding Post Issue | 91,94,866 shares |
Trom Industries IPO offers total 27,27,600 shares. Out of which 12,94,800 (47.47%) allocated to QIB, 5,18,400 (19.01%) allocated to QIB, 3,88,800 (14.25%) allocated to NII, 9,07,200 (33.26%) allocated to RII and 7,76,400 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,800 (5.02%) |
| QIB Shares Offered | 12,94,800 (47.47%) |
| − Anchor Investor Shares Offered | 7,76,400 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 5,18,400 (19.01%) |
| NII (HNI) Shares Offered | 3,88,800 (14.25%) |
| Retail Shares Offered | 9,07,200 (33.26%) |
| Total Shares Offered | 27,27,600 (100.00%) |
Trom Industries IPO raises ₹8.93 crore from anchor investors. Trom Industries IPO Anchor bid date is July 24, 2024. Trom Industries IPO Anchor Investors list
| Bid Date | July 24, 2024 |
| Shares Offered | 7,76,400 |
| Anchor Portion Size (In Cr.) | 8.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 28, 2024 |
Trom Industries IPO opens on July 25, 2024, and closes on July 29, 2024.
| IPO Open Date | Thu, Jul 25, 2024 |
| IPO Close Date | Mon, Jul 29, 2024 |
| Tentative Allotment | Tue, Jul 30, 2024 |
| Initiation of Refunds | Wed, Jul 31, 2024 |
| Credit of Shares to Demat | Wed, Jul 31, 2024 |
| Tentative Listing Date | Thu, Aug 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 29, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,38,000 |
| Retail (Max) | 1 | 1,200 | ₹1,38,000 |
| HNI (Min) | 2 | 2,400 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹105.74 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 77.82% |
| ROCE | 47.11% |
| Debt/Equity | 0.47 |
| RoNW | 77.82% |
| PAT Margin | 10.54% |
| Price to Book Value | 6.08 |
| 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:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top and bottom lines and marked super earnings for FY24. Based on this super earnings, the issue appears reasonably priced. FY24 earnings indicates the likely trends going forward. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | August 1, 2024 |
| BSE Script Code | |
| NSE Symbol | TROM |
| ISIN | INE0SYV01018 |
| Final Issue Price | ₹115 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹115.00 |
| Open | ₹218.50 |
| Low | ₹218.50 |
| High | ₹229.40 |
| Last Trade | ₹229.40 |
Trom Industries Ltd.
4th Floor, 421,
Pramukh Tangent,
NR. Sargasan Cross Road,
Gandhinagar, Gujarat, 382421
Phone: +91-079 29656678
Email: info@tromindustries.com
Website: http://www.tromindustries.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Trom Industries IPO is a SME IPO of 27,27,600 equity shares of the face value of ₹10 aggregating up to ₹31.37 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 1200.
The IPO opens on July 25, 2024, and closes on July 29, 2024.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹1,38,000.
You can apply in Trom Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Trom Industries IPO listing date is on Thursday, August 1, 2024.
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