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:

  1. Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant;
  2. To meet the working capital requirements; and
  3. General corporate purposes.
 

Trom Industries Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,919.932,155.351,854.32
Revenue5,454.682,413.803,056.55
Profit After Tax572.9328.8635.98
Net Worth1,222.57249.92221.12
Reserves and Surplus575.84248.92220.12
Total Borrowing573.71492.8285.66
Amount in ₹ Lakhs

Trom Industries Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
01-08-2024 Listing115.00₹154 – No Change₹269 (133.91%)1-Aug-2024 9:30
31-07-2024115.00₹154 – Up₹269 (133.91%)31-Jul-2024 23:25
30-07-2024 Allotment115.00₹148 – Down₹263 (128.7%)30-Jul-2024 23:23
29-07-2024 Close115.00₹150 – Down₹265 (130.43%)29-Jul-2024 15:25
28-07-2024115.00₹155 – No Change₹270 (134.78%)28-Jul-2024 23:23
27-07-2024115.00₹155 – Up₹270 (134.78%)27-Jul-2024 23:32
26-07-2024115.00₹145 – Up₹260 (126.09%)26-Jul-2024 23:23
25-07-2024 Open115.00₹125 – Up₹240 (108.7%)25-Jul-2024 23:23
24-07-2024115.00₹115 – Up₹230 (100%)24-Jul-2024 23:31
23-07-2024115.00₹111 – Up₹226 (96.52%)23-Jul-2024 23:24
22-07-2024115.00₹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 Size1200 Shares
Issue Size₹31.37 Cr
Fresh Issue₹31.37 Cr
Issue TypeBook Build Issue
IPO Listing At:NSE SME

Trom Industries Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening Date25th Jul 2024
Closing Date29th Jul 2024
Basis of Allotment Date30th Jul 2024
Refunds Initiation31st Jul 2024
Credit of Shares to Demat31st Jul 2024
SME IPO Listing Date1st Aug 2024

Prospectus File

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