Trom Industries Limited

25 Jul 2024 - 29 Jul 2024 Individual Category SME NSE

Min Investment

₹264000

Price Band

₹110-₹115

Issue Size

19.51 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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25 Jul 2024

Open Date

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29 Jul 2024

Close Date

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30 Jul 2024

Allotment Date

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01 Aug 2024

Listing Date

Trom Industries IPO is open for subscription starting Thursday, July 25, 2024, and closing on Monday, July 29, 2024. The price of this upcoming IPO is set at Rs 96 per share.  The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,38,000 (115 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,76,000 (115 x 2400 shares).  Trom Industries IPO is a book-built issue of Rs 31.37 crores. This upcoming IPO is an entirely fresh issue of 6.02 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, July 30, 2024.  Trom Industries IPO will be listed on NSE SME on Thursday, August 1, 2024. Expert Global Consultants Private Limited is the book-running lead manager, Kfin Technologies Limited is the registrar, and Sunflower Broking is the market maker for this IPO.

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About Trom Industries Limited

Trom Industries Limited was founded in 2011, is a solar EPC company specialising in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights.  Trom Industries' business is in 1) Residential rooftop installations - they design and implement solar systems customised for individual homes. 2) Installations for the industrial sector - The company plans and builds large-scale solar power plants for industrial needs. 3) Ground-mounted solar power plants - This involves the development of ground-mounted solar collectors. 4) Supply and installation of solar street lights for public and commercial areas.  Trom's product portfolio includes solar products:  Solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps.

Founded

2011

Managing Director

Jignesh Patel and Pankaj Pawar

Parent Organization

IPO Objectives

The funds will be allocated to fund the company's capital expenditure requirements and to meet the day-to-day capital needs for the proper functioning of the business. The remaining funds will be utilised for general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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IPO Allotment

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