Trom Industries, a new entrant in the market, is gearing up for its Initial Public Offering (IPO) worth ₹31.37 crores. The entire issue consists of a fresh offering of 27.28 lakh shares.
Investors can participate in the Trom Industries IPO from July 25, 2024, until July 29, 2024. The allotment process is expected to conclude on Tuesday, July 30, 2024. Following the allotment, Trom Industries’ shares will be listed on the National Stock Exchange (NSE) SME platform, with a tentative listing date set for Thursday, August 1, 2024.
The price band for the Trom Industries IPO is ₹100 to ₹115 per share. Retail investors can apply for a minimum lot size of 1200 shares, requiring an investment of ₹138,000. High-net-worth individuals (HNIs) have the option to invest in a minimum of 2 lots (2,400 shares), totaling ₹276,000.
Trom Industries Limited operates in the solar energy sector, specializing in Engineering, Procurement, and Construction (EPC) for solar projects
Expert Global Consultants Private Limited serves as the book running lead manager for the Trom Industries IPO, while Kfin Technologies Limited acts as the registrar. Sunflower Broking is the designated market maker for this promising IPO.
Trom Industries IPO Details:
| Company Name | Trom Industries |
| Sector | Solar Energy |
| IPO Type | SME |
| IPO Open date | 25th July 2024 |
| IPO Close date | 29th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Trom Industries IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,38,000 |
| HNI (Min) | 2 | 2400 | 2,76,000 |
Trom Industries IPO Timeline:
| IPO Open Date | 25th July 2024 |
| IPO Close Date | 29th July 2024 |
| Basis of Allotment | 30th July 2024 |
| Refund Initiation Date | 31st July 2024 |
| Shares Credit to Demat | 31st July 2024 |
| Listing Date | 01st Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Trom Industries’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Solar Energy industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Trom Industries and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
