This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding of capital expenditure requirements of the company towards setting up a solar power plant
The company offers a comprehensive range of products like solar power plants, solar off-grid systems, solar street lights, etc.
Relationship with customers and suppliers
The company maintains a long-term working relationship to improve customer retention and also maintains strong relations with the suppliers
Experienced management team with industry expertise
The company has an experienced management team to deliver consistent sales growth
Geographically concentrated
The majority of the company's revenues are generated from the state of Gujarat. Any adverse development affecting the operations in this region could have an adverse impact on the business, financial condition, and results of operations
Dependent on few clients
The company derives revenue from its top five customers. A reduction in business from these top five customers or any other major clients could have negative implications for both revenue and profitability.
Reduced product demand
The construction of more dams by the Government poses a risk of reduced solar pump consumption.
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Trom Industries Limited
Trom Industries was incorporated on August 08, 2011. It is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lights.
Promoter
Jignesh Patel
Promoter
Pankaj Pawar
Trom Industries Limited IPO FAQs
What is Trom Industries Limited IPO?
Trom Industries Limited IPO refers to the initial public offering of shares by Trom Industries Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Trom Industries Limited IPO?
For Trom Industries Limited IPO the issue size is ₹31 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Trom Industries Limited IPO?
For Trom Industries Limited IPO the minimum investment is ₹1,32,000. The minimum investment for Trom Industries Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Trom Industries Limited IPO?
For Trom Industries Limited IPO the lot size is 1200 shares. The lot size of Trom Industries Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Trom Industries Limited IPO on Share.Market?
To apply for Trom Industries Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Trom Industries Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Trom Industries Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Trom Industries Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Trom Industries Limited IPO?
For Trom Industries Limited IPO the allotment date is July 30, 2024. The allotment date of Trom Industries Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Trom Industries Limited IPO?
For Trom Industries Limited IPO, the subscription opens on July 25, 2024 and closes on July 29, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
