Bookbuilding IPO | ₹31 Cr | Listed at NSE SME | Thu, Jul 25, 2024 - Mon, Jul 29, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,38,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 25, 2024
IPO Close
Mon, Jul 29, 2024
Issue Price
₹115 per share
Market Cap (Pre-IPO)
₹105.74 Cr
| IPO Date | 25 to 29 Jul, 2024 |
| Listed on | Thu, Aug 1, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹115 |
| Issue Price | ₹115 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,27,600 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 1,36,800 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 25,90,800 shares (agg. up to ₹30 Cr) |
| Net Offered to Public | 25,90,800 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 64,67,266 shares |
| Share Holding Post Issue | 91,94,866 shares |
| NSE Symbol | TROM |
| ISIN | INE0SYV01018 |
Trom Industries IPO comprises a total issue size of 27,27,600 shares. The net offer to the public is 25,90,800 shares, after excluding 1,36,800 shares allotted on a firm basis. Of the Net offer 12,94,800 (49.98%) are allocated to QIB, 3,88,800 (15.01%) allocated to NII 9,07,200 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,94,800 | 49.98% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 9,07,200 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,800 | 5.02% | |
| Total Shares Offered | 27,27,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Trom Industries IPO raises ₹8.93 crore from anchor investors. Trom Industries IPO Anchor bid date is July 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 24, 2024 |
| Shares Offered | 7,76,400 |
| Anchor Portion (₹ Cr.) | 8.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Aug 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Oct 28, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 29.20 | 21.55 | 18.54 |
| Total Income | 54.55 | 24.14 | 30.57 |
| Profit After Tax | 5.73 | 0.29 | 0.36 |
| NET Worth | 12.23 | 2.50 | 2.21 |
| Reserves and Surplus | 5.76 | 2.49 | 2.20 |
| Total Borrowing | 5.74 | 4.93 | 0.86 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant; | 4.50 |
| 2 | To meet the working capital requirements; and | 16.53 |
| 3 | General corporate purposes | 7.84 |
| Total | 28.87 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 8.86 | 6.23 |
| P/E (x) | 12.98 | 18.46 |
| Promoter Holding | 98.84% | 69.52% |
| Market Cap | ₹105.74 Cr. |
The Trom Industries IPO is subscribed 459 times on July 29, 2024 6:19:02 PM (Day 3). The public issue subscribed 483.14 times in the retail category, 197.07 times in the QIB category, and 751.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 197.07 | 5,18,400 | 10,21,59,600 |
| NII* | 751.9 | 3,88,800 | 29,23,36,800 |
| Retail | 483.14 | 9,07,200 | 43,83,06,000 |
| Total | 459 | 18,14,400 | 83,28,02,400 |
Total Application : 3,65,255
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 1.10 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.07 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses | 0.33 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹115.00 |
| Open | ₹218.50 |
| Low | ₹218.50 |
| High | ₹229.40 |
| Last Trade | ₹229.40 |
Lead Manager Reports
Trom Industries IPO is a SME IPO of 27,27,600 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Jul 25, 2024, and closes on Mon, Jul 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 Thu, Jul 25, 2024 and closes on Mon, Jul 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 Wed, Jul 31, 2024. Check the Trom Industries IPO allotment status.
The Trom Industries IPO listing date is on Thu, Aug 1, 2024.
