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Trom Industries IPO
Price Band
₹100.0–115.0
Issue Size
₹31.37 Cr
Lot Size
1,200 shares
Min Investment
₹138,000
GMP
+₹154.0 (133.91%)
Issue Price
₹115.0
Subject to Sauda
₹140400
Paid only if allotted
Trom Industries IPO AI Summary
- Trom Industries IPO is listed on NSE SME in the Heavy Electrical Equipment sector.
- Price band: ₹100.0–₹115.0 per share, lot size 1,200 shares (min. investment ₹138,000).
- Subscription window: 25 Jul–29 Jul 2024, listing on 01 Aug 2024.
- Current GMP is +₹154.0 (133.91%), an estimated listing price of ₹269 — unofficial and can change daily.
Trom Industries Limited is a solar EPC company with a focus on various solar solutions. The upcoming IPO offers shares at a price band of ₹100.0 to ₹115.0, with significant growth in revenue and profit observed in recent years. Investors should consider the company's growth potential and the inherent risks associated with IPO investments.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Trom Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Jul 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Trom Industries IPO Grey Market Premium (GMP) Today
GMP
+₹154.0
GMP %
+133.91%
Est. Listing
₹269.0
Updated: 25 Jul 2026 14:04
About the Company
Founded in 2011, Trom Industries Limited is a solar EPC (Engineering, Procurement and Construction) company specializing in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom Industries' business segments include: Residential rooftop installations: The company designs and implements solar systems customized for individual homes. Installations for the industrial sector: The company plans and builds large-scale solar power plants for industrial needs. Ground-mounted solar power plants: This involves the development of ground-mounted solar collectors. Supply and installation of solar street lights for public and commercial areas. The company's product portfolio includes (1) solar products: Solar street lights, solar freezers, off-grid solar systems, solar home lights, solar water purifiers, and solar water pumps, and (2) AC LED lights: AC LED street lights and AC LED flood lights. As of March 01, 2024, the Company had 31 employees, including directors and key management personnel.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 29.20 | 21.55 | 18.54 |
| Total Income | 54.55 | 24.14 | 30.57 |
| Profit After Tax | 5.73 | 0.29 | 0.36 |
| NET Worth | 12.23 | 2.50 | 2.21 |
| Reserves and Surplus | 5.76 | 2.49 | 2.20 |
| Total Borrowing | 5.74 | 4.93 | 0.86 |
Key Ratios
EPS
₹8.86
NAV
₹18.90
ROE
77.82%
ROCE
47.11%
RoNW
77.82%
P/B Value
6.08
P/E Ratio
12.98
Market Cap
₹105.74 Cr
PAT Margin
10.54%
Debt/Equity
0.47
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Solex Energy Limited | 57.8 | 18.89% | 137.79 | 10.92 | 10.92 |
| Australian Premium Solar (india) Limited | 24.36 | 12.8% | 171.15 | 3.12 | 3.12 |
| Alpex Solar Limited | 53.5 | 20.28% | 63.86 | 14.12 | 14.12 |
| Trom Industries Limited This IPO | 18.9 | 77.82% | 12.98 | 8.88 | 8.88 |
Promoters
Jignesh Patel and Pankaj Pawar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant; 4.50 2 To meet the working capital requirements; and 16.53 3 General corporate purposes 7.84 Total 28.87
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹24.14 Cr for the year ending 31 Mar 2023, rising significantly to ₹54.55 Cr by 31 Mar 2024. This shows a strong growth trajectory in revenue over the period.
Profit Trend
Profit after tax increased from ₹0.29 Cr for the year ending 31 Mar 2023 to ₹5.73 Cr by 31 Mar 2024. This substantial rise indicates a positive trend in profitability.
Valuation
At the issue price of ₹115.0, Trom Industries has an implied P/E ratio of 12.98. This is lower than its peers, which have P/E ratios ranging from 63.86 to 171.15.
Key Risks
Investors should consider the competitive landscape of the solar industry, regulatory changes affecting renewable energy, and the company's dependency on the successful execution of its projects.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests strong demand for the shares in the grey market, potentially leading to gains on the listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions.
Who May Want to Wait
Those who prefer stable, established companies with predictable earnings may want to avoid investing in IPOs like this, which can be more volatile.
IPO Timeline, Explained
The IPO opens for subscription on July 25, 2024, and closes on July 29, 2024. Allotment of shares will be on July 30, 2024, with the listing expected on August 1, 2024.
Listing Gains — The Risk
While listing day gains can be attractive, they are not guaranteed. Market conditions, investor sentiment, and company performance can all influence the stock price on the first day of trading.
This evaluation is generated from Trom Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Trom Industries IPO GMP today?
Trom Industries IPO GMP today is +₹154.0 (133.91%), indicating an estimated listing price of ₹269. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Trom Industries IPO?
The price band of Trom Industries IPO is ₹100.0–₹115.0 per share.
When does Trom Industries IPO open and close?
Trom Industries IPO opens on 25 July 2024 and closes on 29 July 2024.
When does Trom Industries IPO list on the stock exchange?
Trom Industries IPO listed on 01 August 2024 at ₹269.0.
What is the lot size for Trom Industries IPO?
The lot size for Trom Industries IPO is 1200 shares, requiring a minimum investment of ₹138,000.
What is the lot size for this IPO?
The lot size for Trom Industries' IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹138,000.
What is the price band for the IPO?
The price band for the IPO is ₹100.0 to ₹115.0.
When is the listing date?
The listing date for the IPO is August 1, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jul 2024
Close
29 Jul 2024
Allotment
30 Jul 2024
Listing
01 Aug 2024
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