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SME IPO Status: Listed [25th Jul 2024 to 29th Jul 2024]
Trom Industries IPO, a SME IPO of ₹31.37 Cr was launced on 25-07-2024 to 29-07-2024 and the shares got listed on NSE SME on 01-08-2024.
The public issue of Trom Industries IPO (TROM) was offered at ₹115.00 per share and the ipo was listed at ₹218.50. It has delivered listing gain of 90.00%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 124200.00 per lot return on listing.
| 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 |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹31.37 Cr |
| Fresh Issue: | ₹31.37 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 98.84% |
| Promoter Holding Post IPO: | 69.52% |
| Allotment Status: | Allotment Status |
| NSE Code: | TROM |
Get important updates regarding Trom Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| 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 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹100.00-115.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹138000 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹276000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 01-08-2024 | 115.00 | 154 | 140400 | ₹269 (133.91%) | 1-Aug-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Other Electrical Equipment | ₹31.37 Cr | http://www.tromindustries.com/ |
The company intends to utilize the proceeds of the issue to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 518,400 (28.57%) | 388,800 (21.43%) | 907,200 (50%) | 1,814,400 | |
| 1 | 25th Jul 2024 19:32 | 0.50x | 16.66x | 20.44x | 13.93x |
| 2 | 26th Jul 2024 19:32 | 0.52x | 34.79x | 55.53x | 35.37x |
| 3 | 29th Jul 2024 18:21 | 197.07x | 751.90x | 483.14x | 459.00x |
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 |
| 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 | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Trom Industries Limited | 8.88 | 8.88 | 18.9 | 12.98 | 77.82 | |
| Alpex Solar Limited | 14.12 | 14.12 | 53.5 | 63.86 | 20.28 | Standalone |
| Australian Premium Solar (india) Limited | 3.12 | 3.12 | 24.36 | 171.15 | 12.8 | Standalone |
| Solex Energy Limited | 10.92 | 10.92 | 57.8 | 137.79 | 18.89 | Standalone |
Last Updated on 12-Aug-2024 16:07:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Trom Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Trom Industries SME IPO with Zerodha.
Alternate approch to apply in Trom Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Trom Industries SME IPO Review and Important Updates
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To subscribe or apply in Trom Industries SME IPO, you can use the following methods:
| Trom Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Trom Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Trom Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Trom Industries SME IPO. Most of the Syndicate Banks provide access to apply in Trom Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Trom Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Trom Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Trom Industries SME IPO Review and Important Updates
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Trom Industries SME IPO is going to be list on 01-08-2024. NSE Code for Trom Industries is TROM.
Other relevant questions:
When Trom Industries SME IPO will be listing? Trom Industries SME IPO NSE listing date?Trom Industries SME IPO date of listing
Trom Industries SME IPO Allotment Date is 30-07-2024.
Other relevant questions:
Trom Industries SME IPO share allotment date?Trom Industries SME IPO allotment date?
