IPO Details
Bidding Dates
25 Jul 24 - 29 Jul 24
Price Range ₹
110 - 115
Total Equity
₹ 40.25Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
25 Jul 2024
Offer end
29 Jul 2024
Allotment
30 Jul 2024
Refund initiation
31 Jul 2024
Demat transfer
31 Jul 2024
Listing
01 Aug 2024
Offer start
25 Jul 2024
Offer end
29 Jul 2024
Allotment
30 Jul 2024
Refund initiation
31 Jul 2024
Demat transfer
31 Jul 2024
Listing
01 Aug 2024
About Company
Founded in 2011, Trom Industries Limited is a solar EPC (Engineering, Procurement, and Construction) company that specializes in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights. Trom Industries' business segments include: 1. **Residential rooftop installations:** The company designs and implements customized solar systems for individual homes. 2. **Installations for the industrial sector:** The company plans and constructs large-scale solar power plants to meet industrial needs. 3. **Ground-mounted solar power plants:** This segment involves the development of ground-mounted solar collectors. 4. **Supply and installation of solar street lights:** The company provides 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. 2. **AC LED lights:** AC LED street lights and AC LED flood lights. As of March 1, 2024, Trom Industries Limited had 31 employees, including directors and key management personnel.
Year Founded
01-08-2019
Promotor Details
Jignesh Patel
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.84 | 0 |
| Share Capital | 6391966 | 0 |
Offer to Public
35,00,000.00 Cr
Project Details
- Funding of capital expenditure requirements of our Company towards set up of Solar Power Plant - 180.028cr
- Working Capital Requirements - 151.66cr
Objectives
- Funding of capital expenditure requirements of our Company towards set up of Solar Power Plant
- To meet the working capital requirements
- andGeneral corporate purposes.
Highlights
- The company's warehouse in Gujarat holds multiple ISO certifications, ensuring high standards in quality, occupational health and safety, and security management.
- Trom Industries offers a wide variety of solar and AC LED lighting solutions, catering to residential, industrial, and public needs.
- The company has a history of receiving repeat orders, indicating strong customer satisfaction and loyalty.
- Generating revenue from multiple states across India showcases a broad and diversified customer base.
- Trom Industries excels in designing and implementing customized solar systems, meeting the specific needs of individual homes and large-scale industrial projects.
Challenges
- A significant portion of the company's revenue is generated from Gujarat. Any adverse conditions in this state could negatively impact the company's overall revenue.
- The top five customers contribute nearly half of the revenue. A loss or reduction in orders from these clients could substantially affect profitability.
- The company has a notable amount of outstanding debt. Failure to service or repay this debt on time could harm the company’s financial health and operations.
- The company has faced negative cash flows in the past, and a recurrence could jeopardize its business prospects and financial stability.
- Heavy reliance on a single state for revenue generation increases vulnerability to region-specific risks and market fluctuations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 2,150.36 | 1.00 | 28.86 | 28.86 | 1.1498 |
| 2021 | 1,792.87 | 1.00 | 29.36 | 29.36 | 1.1697 |
| 2022 | 1,850.18 | 1.00 | 29.36 | 29.36 | 1.1697 |
