Trom Industries Limited
Bookbuilding IPO · NSE
- Price band
- ₹100 - ₹115
- Lot size
- 1,200 shares
- Issue amount
- ₹31.37 cr
- Total subscription
- 440.01×
- Opens
- 25 Jul 2024
- Closes
- 29 Jul 2024
- Allotment
- 30 Jul 2024
- Listing
- 1 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 27,27,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹31.37 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,38,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 64,67,266
- Shares after issue
- 91,94,866
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,38,000 |
| HNI | 2 | 2,400 | ₹2,76,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.96 | 1,174.84 |
| RETAIL | 10.43 | 4,656.23 |
| NIB | 4.47 | 3,350.03 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.88 | 1.15 | 1.44 |
| ROE | 0 | 0 | 0 |
| ROCE | 45.8 | 46.16 | -6.41 |
| RONW | 77.82 | 12.25 | 17.72 |
| PRE IPO(PE) | 12.98 | 0 | 0 |
| POST IPO(PE) | 18.46 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2011, Trom Industries Limited is a leading solar EPC (Engineering, Procurement, and Construction) company offering end-to-end solutions across residential, industrial, and ground-mounted solar power segments. The company specializes in customized solar rooftop systems, large-scale industrial solar plants, ground-mounted solar projects, and solar street lighting. Its extensive product range includes solar street lights, off-grid solar systems, solar freezers, solar home lights, solar water purifiers, solar water pumps, as well as AC LED street and flood lights. Trom Industries also undertakes supply, installation, and maintenance of these systems, catering to both public and commercial sectors. As of March 01, 2024, the company employed 31 professionals, including directors and key management personnel, dedicated to advancing clean energy and promoting sustainable power solutions.
Strengths
- Wide Range of Products: Trom Industries offers a diverse range of products, including solar and AC LED solutions, catering to energy needs across homes, industries, and public sectors.
- Strong Customer and Supplier Relationships: The company has built strong partnerships with customers and suppliers, ensuring reliable service and smooth product delivery.
- Experienced Leadership Team: Trom Industries is led by an experienced management team with deep industry knowledge, guiding the company towards strategic growth and smart decision-making.
Risk factors
- Government Competition: If the government starts offering solar water pumps at cheaper rates, it could affect Trom Industries' sales and pricing strategy.
- Lower Solar Pump Demand: As the government builds more dams, the need for solar pumps might decrease, which could reduce sales and income.
- Supply Chain Risk: Without long-term deals with suppliers, there’s a risk of delays in getting important materials, which could slow down production and deliveries.
Promoters
Jignesh Patel
Pankaj Pawar
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
4th Floor, 421, Pramukh Tangent, NR. Sargasan Cross Road, Gandhinagar - 382421
+91-079 29656678
[email protected]Company website ↗Understanding TROM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.