The post shares information about Trom Industries Limited IPO in 2024. It tells about the IPO’s size, the share price, the last date of subscription, and other significant details.

Highlights:

• Trom Industries Limited IPO opened on the 25^th of July 2024 (Thursday).

• Investors are keeping a close eye on the share price of this business enterprise.

• The final subscription date for this IPO is July 29. The listing of shares will start in the month of August.

Trom Industries Limited IPO: A Genuine Overlook

Trom Industries is basically a solar EPC company. The organization is aiming to raise an amount of 31.37 crore. And for this amount, it is ready to offer its 27.27 lakh shares at the price point of 100 to 115 rupees each. The listing date for the shares is set as August (1 2024). Trom Industries Limited IPO opened on July 25 and the last date for subscription is July 29.

A significant premium will be observed after the listing is believed to take place. The company is raising these funds so that it can support its working capital and long-term capital needs.

The Key Features of Trom Industries Limited IPO

• Trom Industries Limited IPO lies in the category of SME IPO.
• This IPO is a completely fresh equity issue from the side of the company.
• If there is a discussion about the bidding process then an investor can bid for around 1200 shares in a single lot.

The trading price of the shares of this company in the unlisted market segment is 115 rupees (GMP). This gives a clear indication that there is a premium of 100 percent above the issue price.

About Trom Industries Limited

Trom Industries is a company that focuses on the segment of solar EPC. Some of the focused offerings of this business are solar power plants for industries and solar rooftops. It also deals in solar street lights and unique kinds of ground-mounted power plants.

By the end of March 2024, the total revenue of Trom Industries was roughly about 54.34 crore. It made a net profit of around 5.72 crore. The company has brought this IPO to expand its capital expenditure. The amount received from the IPO will also meet the corporate expenses of this entity and it will help in boosting the working capital as well.

The Lead Manager, Registrar, and Reservation Process

The lead manager for this organization is Expert Global Consultants. The registrar is Kfin Technologies.QIBs (Qualified Institutional Buyers) reserve 50 percent of the total offer size, while 15 percent is allocated for non-institutional investors and 35 percent for retail investors.

Trom Industries Limited IPO Conclusion

India’s energy demand is going to witness a massive jump in the future. Hence, industries like Trom will have a very good market scope in the coming times. The company’s products and services are grabbing a lot of attention. Such kind of research and development in the solar energy domain is highly essential for the overall development of the country. Hence, people are having a close watch over the Trom Industries Limited IPO and they are thinking about investing in such a venture. For more finance news and stories like and subscribe to FinanceReview.Org.