Trom Industries Limited

Company Profile
Company Name Trom Industries Limited
Open Date 25-07-2024
Close Date 29-07-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹100 to ₹115 per share
Issue Size 27,27,600 shares
Application Amount ₹1,38,000
Recommendation Avoid
Trom Industries Limited was originally formed and incorporated as a partnership firm as on August 08, 2011. The registered office is in Gujarat. The company 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 streetlights. The company actively engaged in the development of green hydrogen projects as a pivotal aspect of future business endeavours. The company had 31 full-time employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 3,030.85 2,401.26 5,434.88
EBITDA 67.73 117.37 830.12
Net Profit 35.97 28.88 572.94
RoCE 23.48% 18.95% 52.07%
ROE 16.27% 11.56% 46.86%
P/E 79.86 100.00 12.95

Tentative Timeline

Opening Date 25-07-2024
Closing Date 29-07-2024
Basis of Allotment 30-07-2024
Initiation of Refunds 31-07-2024
Credit of Shares to Demat 31-07-2024
Listing Date 01-08-2024

Objects of the Issue

Funding of capital expenditure requirements of the Company towards the set-up of a Solar Power Plant.
To meet the working capital requirements.
General Corporate Purposes.

Contact Information

Registered Office Trom Industries Limited 4th Floor, 421, Pramukh Tangent, NR. Sargasan Cross Road, Gandhinagar - 382421
Phone +91-079 29656678
Email info@tromindustries.com
Website http://www.tromindustries.com/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email bil.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 98.84%
Share Holding Post Issue (Promoters) 69.52%

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