Gujarat, Ahmedabad – 24th July 2024: Trom Industries Limited was originally formed as Partnership Firm under the name and style of “Trom Solar” on August 08 founded in 2011, 2011. 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 our Company was changed to “Trom Industries Limited”. Trom Industrial 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. It has now announced an Initial Public offer to opens on Thursday, 25th July 2024. This is a book –built issue of 2,727, 600 (aggregating up to ₹ Rs.31.37Cr.). The post issue its listing will be on NSE Emerge Platform of National Stock Exchange of India Limited (“NSE Emerge”).
IPO Information:
IPO Date
Thursday, July 25, 2024 to Monday, July 29, 2024
Listing Date
Thursday, August 01, 2024 [.]
Face Value
₹10 per share
Price Band
₹1100 to ₹115 per share
Lot Size
1200 Shares
Total Issue Size
2,727,600 shares
(aggregating up to ₹31.37 Cr)
Fresh Issue
2,727,600 shares
(aggregating up to ₹31.37 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Shareholding pre issue
6,467,266
Shareholding post issue
9,194,866
Market Maker portion
136,800 shares
Sunflower Broking
Total QIB Category
Not more than 12,94,800Equity Shares
Non-Institutional Category
At least 5,88,800 Equity Shares
Retail Individual Category
At least 9,07,200 Equity Shares
The Net proceeds of the Issue will be utilised for:
Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant
Working Capital requirements and
General Corporate purposes.
The Book Running Lead Manager to the issue is Expert Global Consultants Private vt. Limitedtd and the Registrar to the issue is KFin Technologies Limited.
