Trom Industries Limited SME IPO
Issue Size (Net)
up to ₹ 31.37 Cr
Price Band
₹100.00-115.00 Per Share
Issue Opens
25th Jul 2024
Issue Closes
29th Jul 2024
About Company – Trom Industries
Established in August 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 is involved in the comprehensive development of various solar projects. For private rooftop systems, Trom plans and implements solar systems tailored to the individual house.
In the industrial sector, the company can plan and build larger solar power plants for industrial requirements. In the case of ground-mounted solar power plants, the solar systems are erected in open spaces. The company is also expanding its range to include supplying and installing solar street lights for public and commercial areas. The business includes technical planning, material procurement, on-site construction, project management and regulatory compliance in various areas.
Its solar applications contribute to the growth of sustainable energy solutions in the private, industrial, public and government sectors. The company’s business activities also include the extensive trading and distribution of a wide range of products, including solar modules, inverters and a range of materials required to construct and operate solar power plants. In addition, they were also active to a very limited extent in the trading of shoes of all kinds during the reporting period.
Trom Industries SME IPO Strengths
- Wide range of products.
- Strong relationship with customers and suppliers.
- Experienced management team with the industry expertise.
Trom Industries SME IPO Objective
The company intends to utilize the proceeds of the issue to meet the following objects:
- 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 Limited Financial Information (Restated Consolidated)
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 |
Trom Industries Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
01-08-2024 Listing | 115.00 | ₹154 – No Change | ₹269 (133.91%) | 1-Aug-2024 9:30 |
31-07-2024 | 115.00 | ₹154 – Up | ₹269 (133.91%) | 31-Jul-2024 23:25 |
30-07-2024 Allotment | 115.00 | ₹148 – Down | ₹263 (128.7%) | 30-Jul-2024 23:23 |
29-07-2024 Close | 115.00 | ₹150 – Down | ₹265 (130.43%) | 29-Jul-2024 15:25 |
28-07-2024 | 115.00 | ₹155 – No Change | ₹270 (134.78%) | 28-Jul-2024 23:23 |
27-07-2024 | 115.00 | ₹155 – Up | ₹270 (134.78%) | 27-Jul-2024 23:32 |
26-07-2024 | 115.00 | ₹145 – Up | ₹260 (126.09%) | 26-Jul-2024 23:23 |
25-07-2024 Open | 115.00 | ₹125 – Up | ₹240 (108.7%) | 25-Jul-2024 23:23 |
24-07-2024 | 115.00 | ₹115 – Up | ₹230 (100%) | 24-Jul-2024 23:31 |
23-07-2024 | 115.00 | ₹111 – Up | ₹226 (96.52%) | 23-Jul-2024 23:24 |
22-07-2024 | 115.00 | ₹65 – No Change | ₹180 (56.52%) | 22-Jul-2024 23:29 |
Trom Industries Limited SME IPO Details
SME IPO Issue Opening Date: | 25th Jul 2024 |
SME IPO Issue Closing Date: | 29th Jul 2024 |
SME IPO Issue Price: | ₹100.00-115.00 Per Share |
Face Value | ₹10 Per Equity Share |
Lot Size | 1200 Shares |
Issue Size | ₹31.37 Cr |
Fresh Issue | ₹31.37 Cr |
Issue Type | Book Build Issue |
IPO Listing At: | NSE SME |
Trom Industries Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 25th Jul 2024 |
Closing Date | 29th Jul 2024 |
Basis of Allotment Date | 30th Jul 2024 |
Refunds Initiation | 31st Jul 2024 |
Credit of Shares to Demat | 31st Jul 2024 |
SME IPO Listing Date | 1st Aug 2024 |