Trom Industries SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Trom Industries IPO. Explore Trom Industries IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Trom Industries Limited is a leading Solar EPC (Engineering, Procurement, and Construction) company that specializes in providing comprehensive solar energy solutions across various sectors. Originally established as Trom Solar, a partnership firm in 2011, the company transitioned into a public limited entity in 2019. With a focus on residential solar rooftops, industrial solar power plants, ground-mounted solar arrays, and solar street lights, Trom Industries Limited is dedicated to advancing sustainable energy solutions. The company’s business operations encompass engineering design, material procurement, on-site construction, project management, and regulatory compliance, ensuring high-quality and efficient project execution.
Key Points:
- Solar EPC Services:
- Residential solar rooftop installations.
- Industrial solar power plants.
- Ground-mounted solar power plants.
- Solar street lights.
- Trading and Distribution:
- Solar panels, inverters, and materials for solar power plants.
- Small-scale trading of various types of footwear.
- Future Initiatives:
- Development of green hydrogen projects.
- Solar Products:
- Grid-tied rooftop systems.
- Solar street lights.
- Other solar products like deep freezers, home lights, water purifiers, and water pumping systems.
- AC LED Lights:
- AC LED street lights.
- AC LED flood lights.
- Facilities: Warehouse located at Plot No. B/53-A, G.I.D.C Electronics Estate, Sector No. 25, Gandhinagar, Gujarat, India.
Objects of the Issue
- Funding of capital expenditure requirements of the Company towards set up of Solar Power Plant
- To meet the working capital requirements
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 25 Jul - 29 Jul 2024 |
| IPO Price Band | ₹ 100 - 115 per share |
| Fresh Issue | 27,27,600 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 31.37 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Jul 2024 |
| IPO Closing Date | 29 Jul 2024 |
| Basis Of Allotment | 30 Jul 2024 |
| Refunds | 31 Jul 2024 |
| Demat Transfer | 31 Jul 2024 |
| IPO Listing Date | 01 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 22.81 | 30.57 | 24.14 | 54.55 |
| Total Expenses | 22.39 | 30.08 | 23.74 | 46.89 |
| Net Profit/Loss | 0.29 | 0.36 | 0.29 | 5.73 |
| NPM (*) | 1.30 | 1.19 | 1.20 | 10.54 |
| Total Assets | 17.96 | 18.54 | 21.55 | 29.20 |
| Total Liabilities | 16.11 | 16.33 | 19.05 | 16.97 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2022 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 1.17 | 1.44 | 1.15 | 8.88 |
| ROE (%) | 15.87 | 17.72 | 12.25 | 77.82 |
| ROCE (%) | 22.10 | 27.0 | 16.10 | 45.80 |
| D/E Ratio | 1.24 | 0.39 | 1.97 | 0.47 |
| Current Ratio | 1.18 | 1.13 | 1.34 | 2.16 |
| EBITDA MARGIN (%) | 4.74 | 3.08 | 5.41 | 15.27 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Trom Industries Limited | 54.35 | 12.95 | 8.88 | 77.82 | 18.90 |
| Alpex Solar Limited | 412.60 | 63.86 | 14.12 | 20.28 | 53.50 |
| Australian Premium Solar India Limited | 149.67 | 171.15 | 3.12 | 12.80 | 24.36 |
| Solex Energy Limited | 365.92 | 137.79 | 10.92 | 18.89 | 57.80 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 197.07 |
| Non-Institutional Investor (NII/HNI) | 751.9 |
| Retail Individual Investor (RII) | 483.14 |
| Total | 459 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- JIGNESH PATEL
- PANKAJ PAWAR
Lead Managers
- Expert Global Consultants Private Limited
Company Address
Trom Industries Limited
4th Floor, 421, Pramukh Tangent, NR. Sargasan Cross Road, Gandhinagar - 382421, Gujarat, India
Phone: +91-79 2965 6678
Email: info@tromindustries.com
Website: www.tromindustries.com
FAQs
- What is the issue size of the Trom Industries SME IPO?The Trom Industries SME IPO has an issue size of Approx ₹ 31.37 crore. This includes a fresh issue of 27,27,600 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Trom Industries IPO?The price band for the Trom Industries IPO is ₹ 100 - 115 per share.
- What are the bidding dates for the Trom Industries IPO?The Trom Industries IPO will open for bidding on 25 Jul 2024 and close on 29 Jul 2024.
- What is the allotment date for the Trom Industries IPO?The allotment date for the Trom Industries IPO is 30 Jul 2024.
- What is the listing date for the Trom Industries IPO?The listing date for the Trom Industries IPO is 01 Aug 2024.
- What is the Trom Industries IPO grey market premium?The grey market premium (GMP) for the Trom Industries IPO is currently at ₹154, with an expected listing gain of approximately 133.91%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.