Trom Industries Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Jul 2024

Close Date

29 Jul 2024

Allotment

30 Jul 2024

Listing Date

01 Aug 2024

Exchange

NSE SME

Price Band

₹115

Listing Price

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Allotment Status

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Price Band

₹115

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

27,27,600 shares (aggregating up to ₹31.37 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹138,000

1 lot

Pre-IPO Holding

64,67,266 shares

Promoters

Post-IPO Holding

91,94,866 shares

Promoters

P/E (Pre)

12.98x

P/E (Post)

18.46x

EPS (Pre)

₹8.86

EPS (Post)

₹6.23

UPI Deadline

2024-07-29

Mandate

Anchor AllotmentWed, 24 Jul 2024

Basis of AllotmentTue, 30 Jul 2024

Refund InitiationWed, 31 Jul 2024

Demat CreditWed, 31 Jul 2024

Listing DayThu, 01 Aug 2024

UPI Mandate Deadline2024-07-29

Sale TypeFresh Capital

Net Offer to Public25,90,800 shares (aggregating up to ₹29.79 Cr)

Market Maker Quota1,36,800 shares (aggregating up to ₹1.57 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Trom Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Jul 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	136,800	—	₹1.57
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,727,600	100%	₹31.37

IPO Shares Offered

Trom Industries Ltd IPO total issue size: ₹31.37 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	136,800	₹1.57	5.02%
Total	2,727,600	₹31.37	100.00%

* Based on upper price band ₹115 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹115.00

Upper Band

Min Investment

₹138,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹276,000
Retail (Max — 13 Lots)	13	15,600	₹1,794,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,932,000
B-HNI (Min — 68 Lots)	68	81,600	₹9,384,000

* Issue Price ₹115 × Lot Size 1,200 shares

IPO Schedule

Anchor

24 Jul 2024

✓ Done

IPO Open

25 Jul 2024

✓ Done

IPO Close

29 Jul 2024

✓ Done

Allotment

30 Jul 2024

✓ Done

Refunds

31 Jul 2024

✓ Done

Demat Credit

31 Jul 2024

✓ Done

Listing Day

01 Aug 2024

✓ Done

₹115.00

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Issue ₹115.00 Live Price

About Trom Industries Ltd

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.

Objects of the Issue

Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant

To meet the working capital requirements; and

Trom Industries Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹3,056.6

31 Mar 2022

₹2,413.8

31 Mar 2023

₹5,454.7

31 Mar 2024

Profit After Tax (PAT)

₹36.0

31 Mar 2022

₹28.9

31 Mar 2023

₹572.9

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	5454.68	2413.80	3056.55
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	572.93	28.86	35.98
Net Worth	1222.57	249.92	221.12
Total Assets	2919.93	2155.35	1854.32
Reserves & Surplus	575.84	248.92	248.92
Borrowings	573.71	492.82	85.66
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	10.54%	—	—

P/BV Ratio

6.08

RoE

77.82%

RoCE

47.11%

RoNW

77.82%

PAT Margin

10.54%

Debt/Equity

0.47

Issue Structure & Shareholding

Total Shares Offered27,27,600 (100.00%)

Net Offer to Public25,90,800 shares (aggregating up to ₹29.79 Cr)

Reserved for Market Maker1,36,800 shares (aggregating up to ₹1.57 Cr)

Pre-Issue Promoter Holding64,67,266 shares

Post-Issue Promoter Holding91,94,866 shares

P/BV Ratio6.08

RoE77.82%

RoCE47.11%

Debt / Equity0.47

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

bil.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Expert Global Consultants Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Trom Industries Ltd IPO subscribed? ▲

Trom Industries Ltd IPO is subscribed 1.00 times by Jul 29, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Trom Industries Ltd IPO retail subscription status? ▼

The Trom Industries Ltd IPO retail category is subscribed 1.00 times as of 29 Jul 2024. The retail portion is oversubscribed.

How to subscribe Trom Industries Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Jul 2024 and closes 29 Jul 2024. Min investment: ₹138,000 (1 lot = 1,200 shares). UPI mandate: 2024-07-29.

How many times Trom Industries Ltd IPO subscribed? ▼

The Trom Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Trom Industries Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Jul 2024. Refunds: on 31 Jul 2024.

When Trom Industries Ltd IPO will be listed? ▼

The Trom Industries Ltd IPO listing date is 01 Aug 2024, Thursday. Listed on: NSE SME. Issue price: ₹115. Estimated listing: ₹115. GMP: NIL.

When Trom Industries Ltd IPO close? ▼

The Trom Industries Ltd IPO closes on 29 Jul 2024, Monday. UPI mandate: 2024-07-29. Allotment: 30 Jul 2024. Listing: 01 Aug 2024.

Quick Actions

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Live Price LIVE

Last Price₹115.00

Change—

Issue Price₹115.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹115

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹138,000

GMPNIL

Est. Listing₹115

Subscribed1.00x

Open Date25 Jul 2024

Close Date29 Jul 2024

Allotment30 Jul 2024

Listing Date01 Aug 2024

ExchangeNSE SME

UPI Deadline2024-07-29