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Trom Industries IPO is a Book Building IPO listing on NSE EMERGE exchange. The company is based in Gandhinagar and caters to Solar sector. Expert Global Consultants is the merchant banker of Trom Industries IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 5th April 2024.
Trom Industries IPO open date is 25th July 2024 and close date is 29th July 2024. IPO Allotment Date is 30th July 2024 and Listing date is 1st August 2024.
IPO
Size:
₹ 31.37 Cr.
Avg IPO Size (Sector Based)
: ₹
34.14 cr.
Sector: Solar
SME
IPO so far:
16
Merchant Banker:
Expert Global
SME
IPO by BRLM so far:
14
City:
Gandhinagar
SME
IPO so far:
15
Revenue (annualised):
₹
54.55
cr. 
PE
Ratio:
18.46x
Average Sector PE Ratio: 20.25x
Trom Industries IPO size is ₹ 31.37 Cr. with IPO price of ₹ 115.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Expert Global Consultants Private Limited is the book-running lead manager of the Trom Industries IPO. Kfin Technologies Limited is the Registrar and Market Maker is Sunflower Broking Private Limited for Trom Industries IPO.
Trom Industries IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Chanakya Opportunities Fund | 260,400.00 | ₹ 115.00 | ₹ 29,946,000.00 |
| StepTrade Revolution Fund | 340,800.00 | ₹ 115.00 | ₹ 39,192,000.00 |
| Perennial Emerging Growth | 87,600.00 | ₹ 115.00 | ₹ 10,074,000.00 |
| VPK Global Ventures | 87,600.00 | ₹ 115.00 | ₹ 10,074,000.00 |
Trom Industries IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Trom Industries IPO, based in Gandhinagar, operates in the Solar sector with a focus on Specializing in residential solar rooftop systems, industrial solar power plants. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Trom Industries IPO size is ₹ 31.37 Cr. with fresh issue size of ₹ 31.37 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Trom Industries IPO is expected to be 30th July 2024, after the finalization of basis of allotment. Investors can check Trom Industries IPO allotment status on the registrars website, Kfin Technologies Limited. Trom Industries IPO refund dates are 31st July 2024.
Trom Industries IPO is expected to be listed on 1st August 2024.
The upper price band for the Trom Industries IPO is set at ₹ 115.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Trom Industries IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Trom Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th July 2024. After submission, funds are blocked until the basis of allotment of Trom Industries IPO is finalised.
The merchant banker for Trom Industries IPO is Expert Global Consultants Private Limited . Expert Global Consultants Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Trom Industries IPO RHP for further details.
The registrar for Trom Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Trom Industries IPO through their official website or helpline.
Trom Industries IPO was subscribed 459.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 31.37 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.14 Cr.
Sector: Solar
SME
IPO so far:
16
Merchant Banker:
Expert Global
SME
IPO by BRLM so far:
14
City:
Gandhinagar
SME
IPO so far:
15
Revenue (annualised):
₹ 54.54 cr.
PE
Ratio:
18.46x
Average Sector PE Ratio: 20.25x
Trom Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Trom Industries Financial Review Page
Merchant Banker(s) of Trom Industries IPO: Expert Global Consultants Private Limited
Trom Industries IPO subscription was 459.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Trom Industries IPO listed at a listing price of 218.50 against the offer price of 115.00.
The current market price of Trom Industries is 171.65.
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