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Trom Industries Stuns with 90% Premium on NSE Debut, Shares List at ₹218.50!

Trom Industries debuted on the NSE SME at ₹218.50, marking a 90% premium over its issue price of ₹115, showcasing strong investor confidence in the company's future.
Trom Industries Stuns with 90% Premium on NSE Debut, Shares List at ₹218.50!

Trom Industries made a strong debut on the NSE SME, with its shares opening at ₹218.50 each, a 90% premium over the initial issue price of ₹115. This significant opening demonstrates robust investor interest and confidence in the company’s potential.

Trom Industries IPO saw exceptional demand, being subscribed 430.31 times by Day 3. This overwhelming response demonstrates immense investor confidence in Trom Industries’ prospects and its robust position in the industry.

Trom Industries Limited is an ISO-certified solar EPC company that focuses on developing solar solutions for residential rooftops, industrial plants, and public spaces, including street lighting. They handle engineering, procurement, construction, and project management, and trade solar panels and related materials. Additionally, they trade footwear and develop green hydrogen projects, operating from their warehouse in Gandhinagar, Gujarat.

Trom Industries Ltd aims to allocate IPO funds for a new solar plant, meet increasing working capital needs, and invest in general corporate activities to boost operations and market presence.

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