Trom Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,294,800 (47%) | — | ₹1,489 Cr |
| NII (HNI) | — | 388,800 (14%) | — | ₹447 Cr |
| Retail | — | 907,200 (33%) | — | ₹1,043 Cr |
| Market Maker | — | 136,800 (5%) | — | ₹16 Cr |
| Σ Total | — | 2,727,600 (100%) | — | ₹31,367 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹138,000 |
| Retail (Max) | 13 | 15,600 | ₹1,794,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,932,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,246,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 5,455 | 2,414 | 3,057 |
| Profit After Tax | 573 | 29 | 36 |
| Net Worth | 1,223 | 250 | 221 |
| Total Assets | 2,920 | 2,155 | 1,854 |
| Reserves & Surplus | 576 | 249 | 249 |
| Total Borrowing | 574 | 493 | 86 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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 –
- To meet the working capital requirements; and –
Company Overview
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.