Trom Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 25 to Jul 29 2024
Price Band
₹100 - 115
Current GMP
₹218.5(90.00%)
Subscription
459.00 times
IPO Details
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹115 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,727,600 shares (aggregating up to ₹31.37 Cr) |
| Fresh Issue | 2,727,600 shares (aggregating up to ₹31.37 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,467,266 |
| Share holding post issue | 9,194,866 |
| Market Maker portion | 136,800 shares Sunflower Broking |
IPO Date
July 25, 2024 to July 29, 2024
Listing Date
Thursday, August 1, 2024
Face Value
₹10 per share
Price Band
₹100 to ₹115 per share
Lot Size
1200 Shares
Total Issue Size
2,727,600 shares (aggregating up to ₹31.37 Cr)
Fresh Issue
2,727,600 shares (aggregating up to ₹31.37 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
6,467,266
Share holding post issue
9,194,866
Market Maker portion
136,800 shares Sunflower Broking
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 197.07 |
| Non-Institutional Buyers*** | 751.90 |
| Retail Investors | 483.14 |
| Total ** | 459.00 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
197.07
Non-Institutional Buyers***
751.90
Retail Investors
483.14
Total **
459.00
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jul 25, 2024 | 0.50 | 16.66 | 20.44 | 13.93 |
| Day 2 Jul 26, 2024 | 0.52 | 34.79 | 55.53 | 35.37 |
| Day 3 Jul 29, 2024 | 197.07 | 751.90 | 483.14 | 459.00 |
DayDay 1
Jul 25, 2024
QIB0.50
NII*16.66
Retail20.44
Total13.93
DayDay 2
Jul 26, 2024
QIB0.52
NII*34.79
Retail55.53
Total35.37
DayDay 3
Jul 29, 2024
QIB197.07
NII*751.90
Retail483.14
Total459.00
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-08-2024 | 115.00 | 154(133.91%) | 269 |
| 31-07-2024 | 115.00 | 154(133.91%) | 269 |
| 30-07-2024 | 115.00 | 148(128.7%) | 263 |
| 29-07-2024 | 115.00 | 150(130.43%) | 265 |
| 28-07-2024 | 115.00 | 155(134.78%) | 270 |
| 27-07-2024 | 115.00 | 155(134.78%) | 270 |
| 26-07-2024 | 115.00 | 145(126.09%) | 260 |
| 25-07-2024 | 115.00 | 125(108.7%) | 240 |
| 24-07-2024 | 115.00 | 115(100.0%) | 230 |
| 23-07-2024 | 115.00 | 111(96.52%) | 226 |
| 22-07-2024 | 115.00 | 65(56.52%) | 180 |
Date01-08-2024
Price115.00
GMP154(133.91%)
Estimate List Price269
Date31-07-2024
Price115.00
GMP154(133.91%)
Estimate List Price269
Date30-07-2024
Price115.00
GMP148(128.7%)
Estimate List Price263
Date29-07-2024
Price115.00
GMP150(130.43%)
Estimate List Price265
Date28-07-2024
Price115.00
GMP155(134.78%)
Estimate List Price270
Date27-07-2024
Price115.00
GMP155(134.78%)
Estimate List Price270
Date26-07-2024
Price115.00
GMP145(126.09%)
Estimate List Price260
Date25-07-2024
Price115.00
GMP125(108.7%)
Estimate List Price240
Date24-07-2024
Price115.00
GMP115(100.0%)
Estimate List Price230
Date23-07-2024
Price115.00
GMP111(96.52%)
Estimate List Price226
Date22-07-2024
Price115.00
GMP65(56.52%)
Estimate List Price180
IPO Important Dates
| IPO Open Date | Thursday, July 25, 2024 |
| IPO Close Date | Monday, July 29, 2024 |
| Basis of Allotment | Tuesday, July 30, 2024 |
| Initiation of Refunds | Wednesday, July 31, 2024 |
| Credit of Shares to Demat | Wednesday, July 31, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2024 |
IPO Open Date
Thursday, July 25, 2024
IPO Close Date
Monday, July 29, 2024
Basis of Allotment
Tuesday, July 30, 2024
Initiation of Refunds
Wednesday, July 31, 2024
Credit of Shares to Demat
Wednesday, July 31, 2024
Listing Date
Thursday, August 1, 2024
Cut-off time for UPI mandate confirmation
5 PM on July 29, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 1 | 1200 | ₹138,000 |
| HNI (Min) | 2 | 2,400 | ₹276,000 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹138,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹138,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹276,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20242,919.93
31 Mar 20232,155.35
31 Mar 20221,854.32
Period EndedRevenue
31 Mar 20245,454.68
31 Mar 20232,413.80
31 Mar 20223,056.55
Period EndedProfit After Tax
31 Mar 2024572.93
31 Mar 202328.86
31 Mar 202235.98
Period EndedNet Worth
31 Mar 20241,222.57
31 Mar 2023249.92
31 Mar 2022221.12
Period EndedReserves and Surplus
31 Mar 2024575.84
31 Mar 2023248.92
31 Mar 2022220.12
Period EndedTotal Borrowing
31 Mar 2024573.71
31 Mar 2023492.82
31 Mar 202285.66
Key Performance Indicator
| ROE | 77.82% |
| ROCE | 47.11% |
| Debt/Equity | 0.47 |
| RoNW | 77.82% |
| P/BV | 6.08 |
| PAT Margin (%) | 10.54 |
| EPS (Rs) | 8.86 |
ROE
77.82%
ROCE
47.11%
Debt/Equity
0.47
RoNW
77.82%
P/BV
6.08
PAT Margin (%)
10.54
EPS (Rs)
8.86
IPO Reservation
| Anchor Investor Shares Offered | 776,400 (28.46%) |
| Market Maker Shares Offered | 136,800 (5.02%) |
| QIB Shares Offered | 518,400 (19.01%) |
| NII (HNI) Shares Offered | 388,800 (14.25%) |
| Retail Shares Offered | 907,200 (33.26%) |
| Total Shares Offered | 2,727,600 (100%) |
Anchor Investor Shares Offered
776,400 (28.46%)
Market Maker Shares Offered
136,800 (5.02%)
QIB Shares Offered
518,400 (19.01%)
NII (HNI) Shares Offered
388,800 (14.25%)
Retail Shares Offered
907,200 (33.26%)
Total Shares Offered
2,727,600 (100%)
Information about company
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:
Residential rooftop installations: The company designs and implements solar systems customized for individual homes.
Installations for the industrial sector: The company plans and builds large-scale solar power plants for industrial needs.
Ground-mounted solar power plants: This involves the development of ground-mounted solar collectors.
Supply and installation of solar street lights for public and commercial areas.
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.
Objectives of IPO
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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