Trom Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹115
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,38,000
Issue Size
₹31.37 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Trom Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.06%
Promoter Holding (Post-Issue)
68.97%
Issue Type
Book Building - SME
ISIN
INE0SYV01018
About the Company
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 Company's 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.
Industry Overview
The global solar power market size was valued at US$ 197.23 billion in 2021 and is expected to hit around US$ 368.63 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast period 2021 to 2030. Indian Industry Outlook: India's energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormous potential for growth and development. Therefore, it is imperative that most of this new energy demand is met by low-carbon, renewable sources. India's announcement India that it intends to achieve net zero carbon emissions by 2070 and to meet 50% of its electricity needs from renewable sources by 2030 marks a historic point in the global effort to combat climate change.
Company History
Trom Industries Limited was originally formed as Partnership Firm under the name and style of "Trom Solar" on August 08, 2011, bearing Firm Registration No. GUJGND00921. Our Company was converted into public limited company pursuant to a resolution passed in the meeting of the partners held on April 10, 2019, and name of the Company was changed to "Trom Industries Limited" and pursuant to the provisions of sub-section (2) of section 7 of the Companies Act, 2013 (18 of 2013) and rule 18 of the Companies (Incorporation) Rules, 2014 and a fresh Certificate of Incorporation dated August 01, 2019, was issued by Registrar of Companies, Central Registration Centre. The Corporate Identity Number of our Company is U29309GJ2019PLC109376.
Products & Services
- Trom Industries Limited is engaged in the comprehensive development of diverse solar projects.
Growth Strategy
- Improve Domestic Presence.
- Leveraging its market skills and relationship.
- Optimal Utilization of Resources.
- Customer Satisfaction.
Customer Base
wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of upto 27,27,600 equity shares of face value of Rs. 10/- each of Trom Indstries Limited ("TIL" or the "Company" or the "Issuer") for cash at a price of Rs. 115 per equity share including a share premium of Rs. 105/- per equity share (the "Issue Price") aggregating to Rs. 31.37 crores ("The Issue"), of which 1,36,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 115/- per equity share including a share premium of Rs. 105/- per equity share aggregating to Rs. 1.57 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 25,90,800 equity shares of face value of Rs. 10/- each at a price of Rs. 115/- per equity share including a share premium of Rs. 105/- per equity share aggregating to Rs. 29.80 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 29.66% and 28.18%, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Wide Range of Products.
- Strong relationship with customers and suppliers.
- Experienced management team with industry expertise.
- Its revenues are highly dependent on the company's 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 company's top five customers and its financial dependence on the company's 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.