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Trom Industries Limited IPO

Trom Industries Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 218.50 (+90.00%)

The public market debut of Trom Industries Limited's was completed on 01-08-2024 with its listing on the NSE exchange. The IPO process raised 27,27,600 Shares in total capital, consisting of 27,27,600 Shares in new equity.

The offering featured a price range of ₹100 to ₹115 and minimum application size of 1200 shares. Investor response during the subscription period from 25-07-2024 to 29-07-2024 influenced the final allotment ratios across investor categories.

Final allotment was announced on 30-07-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Trom Industries IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Trom Industries IPO Key Performance Indicator
Company Financials ( In Lakhs )

Trom Industries IPO About Company

Founded in 2011, Trom Industries Limited is a leading solar EPC (Engineering, Procurement, and Construction) company offering end-to-end solutions across residential, industrial, and ground-mounted solar power segments. The company specializes in customized solar rooftop systems, large-scale industrial solar plants, ground-mounted solar projects, and solar street lighting. Its extensive product range includes solar street lights, off-grid solar systems, solar freezers, solar home lights, solar water purifiers, solar water pumps, as well as AC LED street and flood lights. Trom Industries also undertakes supply, installation, and maintenance of these systems, catering to both public and commercial sectors. As of March 01, 2024, the company employed 31 professionals, including directors and key management personnel, dedicated to advancing clean energy and promoting sustainable power solutions.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Trom Industries IPO Strength Factors

  1. Wide Range of Products: Trom Industries offers a diverse range of products, including solar and AC LED solutions, catering to energy needs across homes, industries, and public sectors.
  2. Strong Customer and Supplier Relationships: The company has built strong partnerships with customers and suppliers, ensuring reliable service and smooth product delivery.
  3. Experienced Leadership Team: Trom Industries is led by an experienced management team with deep industry knowledge, guiding the company towards strategic growth and smart decision-making.

Trom Industries IPO Risk Factors

  1. Government Competition: If the government starts offering solar water pumps at cheaper rates, it could affect Trom Industries' sales and pricing strategy.
  2. Lower Solar Pump Demand: As the government builds more dams, the need for solar pumps might decrease, which could reduce sales and income.
  3. Supply Chain Risk: Without long-term deals with suppliers, there’s a risk of delays in getting important materials, which could slow down production and deliveries.

Trom Industries IPO Lead Manager(s)

  • Expert Global Consultants Private Limited

Trom Industries IPO Promoter(s)

  1. Jignesh Patel
  2. Pankaj Pawar

Trom Industries IPO Company Details

Trom Industries Limited
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address:

Trom Industries IPO Registrar

Kfin Technologies Limited
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Phone:

Trom Industries IPO FAQs