Trom Industries IPO is a book-built issue of Rs 31.37 crores. The issue is entirely a fresh issue of 27.28 lakh shares.
Trom Industries Limited’s IPO opens up on July 25, 2024, and closes on July 29, 2024. The allotment for Trom Industries’ IPO is expected to be finalized on Tuesday, July 30, 2024. Trom Industries’ IPO will be listed on NSE SME, with a tentative listing date of Thursday, August 1, 2024.
- Expert Global Consultants Private Limited is the book-running lead manager of the Trom Industries IPO.
- Kfin Technologies Limited is the registrar for the issue.
- Sunflower Broking are market maker for Trom Ltd. IPO
Below is given the details of Trom Industries IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Trom Industries IPO Details
| Attribute | Details |
|---|---|
| IPO Date | July 25, 2024 to July 29, 2024 |
| Listing Date | [.] |
| 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 |
Trom Industries IPO Timeline
| Events | Timeline |
|---|---|
| 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 |
Trom Industries 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 |
Trom Industries IPO Reservation
Trom Industries IPO offers 2,727,600 shares. 518,400 (19.01%) to QIB, 388,800 (14.25%) to NII, 907,200 (33.26%) to RII and 776,400 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Trom Industries Anchor Investors Details
Trom Industries IPO Promoters Holdings
Jignesh Patel and Pankaj Pawar are the company’s promoters.
| Share Holdings Status | Shares |
|---|---|
| Share Holding Pre Issue | 98.84% |
| Share Holding Post Issue | 69.52% |
Trom Industries Background Checkup
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.
Visit Trom Industries’ Official Website: Click Here!