Trom Industries Ltd

Trom Industries Ltd IPO

IPO Price Range: ₹110 - 115

Trom Industries Limited is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom is engaged in the comprehensive development of diverse solar projects. For residential rooftop installations, Trom designs and implements solar systems tailored to individual homes. In the industrial sector, the Company scales up its operations to design and construct larger solar power plants catering to industrial needs. Ground-mounted solar power plants involve the development of solar arrays on open land. Additionally, the Company extends its services to include the Supply and Installation of solar street lights for public and commercial areas. The Companys business encompasses engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. Its solar applications contribute to the growth of sustainable energy solutions across residential, industrial, public domains and government sector. Also, its business operations encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and an array of materials intricately connected to the establishment and functioning of solar power plants. Furthermore, the company was also engaged in the trading of all types of footwear to a very small scale during the stub period. The Company is actively engaged in the development of green hydrogen projects as a pivotal aspect of its future business endeavors. Its warehouse is located at Plot No. B/53-A, G.I.D.C Electronics Estate, Sector No. 25, Gandhinagar-382024, Gujarat, India.

Min Investment

₹1,38,000

IPO Size

₹31 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Trom Industries Ltd

Open Date25 Jul 2024
Close Date29 Jul 2024
Allotment Date30 Jul 2024
Listing Date1 Aug 2024

Key Statistics

Bid Opening DateBid Opening Date25 Jul 2024
Bid Closing DateBid Closing Date29 Jul 2024
Allotment DateAllotment Date30 Jul 2024
Issue SizeIssue Size₹31.37Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • Wide Range of Products.

  • Strong relationship with customers and suppliers.

  • Experienced management team with industry expertise.


Risk

Risk

  • Its revenues are highly dependent on the companys operations in geographical region of state of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.

  • Government may commence assembling the solar water pumps/products and may start providing products at cheaper rates.

  • Solar pump consumption will be reducing due to constructions of more dams by Government.

  • The company has not entered into any long-term agreements with its suppliers for supply of items and accordingly may face disruptions in supply from its current suppliers.

  • The company may continue to derives a material portion of its revenue from the companys top five customers and its financial dependence on the companys top five customer poses a potential risk. A reduction in business from these top five customers or any other major clients could have negative implications for both its revenue and profitability.

  • Its Registered Office and warehouse from where the company operates is not owned by it.

  • The company is involved in a writ petition, Trom Industries Limited vs. The State of Assam and Ors. Petition no. 1191 of 2022 before the Honble Guwahati High Court.

  • The Company is involved in a writ petition, Trom Industries Limited vs. The State of Assam and Ors. Petition no. 1196 of 2022 before the Honble Guwahati High Court.

  • The company may not be successful in bidding for and winning bids for solar EPC projects to grow its business.

  • Unfavourable solar weather conditions could impact its business, financial condition and results of operations.

Promoters Holding

Investors Holdings %
Jignesh Patel49.22%
Pankaj Pawar48.84%

About Trom Industries Ltd

OrganisationTrom Industries Ltd
HeadquartersGandhinagar
IndustryCapital Goods - Electrical Equipment

Frequently Asked Questions

  • What is the size of the Trom Industries Ltd IPO?

    The size of the Trom Industries Ltd IPO is ₹31.37Cr .

  • What is 'pre-apply' for Trom Industries Ltd IPO?

    'Pre-apply' for Trom Industries Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Trom Industries Ltd IPO order be placed?

    Your Trom Industries Ltd IPO order will be placed on 25 Jul 2024.

  • What are the open and close dates of the Trom Industries Ltd IPO?

    The open and close dates of the Trom Industries Ltd IPO are 25 Jul 2024 to 29 Jul 2024.

  • What is the lot size and minimum order quantity of the Trom Industries Ltd IPO?

    The lot size and minimum order quantity of the Trom Industries Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Trom Industries Ltd IPO?

    The potential listing gains on the Trom Industries Ltd IPO will depend on various market factors and cannot be predicted with certainty.