Company Overview
Trom Industries ipo is a long time firm that deals in the production of industrial parts and equipment. Success has been a key highlight of this company’s operation due to effective implementation of innovation and quality in the production of its products that has captured a huge market share in both the local and overseas markets. Precision engineering components, machinery part and custom solution products manufacturer, Trom Industries offers a wide sleep product portfolio that integrates automotive, aerospace and heavy industry sectors .
The manufacturing firm, Trom Industries has planned to go public through its IPO to list on the stock market. This much-anticipated IPO gives this investor an opportunity to participate in the growing and ever-changing organization. In this article of detail on Trom Industries IPO, the writer proposes to outline the general background information of the company, the firm’s financial highlights, its aims and objectives, strengths and weaknesses, as well as risks which are inherent within the given business.
Trom Industries IPO is a book built issue of Rs 31. 37 crores. The problem is, of course, a completely different issue 27. 28 lakh shares.
Trom Industries New Offering opens on July 25, 2024 for subscription and closes on July 29, 2024. The share that the Trom Industries will offer to the public will be as follows The Trom Industries IPO lot size is to be announced The date for allotment on Trom Industries IPO is expected to be on Tuesday next month so that is, July 30, 2024. Trom Industries IPO will be enlisted on NSE SME where it plans to get a tentative listen date for its stocks as Thursday, August 1, 2024.
Trom Industries Company IPO is priced at ₹100 to ₹115 per share. Minimum lot size for an application is 1200 Shares. The minimum value of investment can be made by the retail investors is ₹138,000. For HNI, the minimum lot size investment has been fixed at 2 lots equivalent to 2,400 shares which cost about ₹276,000.
Important Dates of Trom Industries IPO
Trom Industries IPO opens on July 25, 2024, and closes on July 29, 2024.
| IPO Open Date | Thursday, July 25, 2024 |
| IPO Close Date | Monday, July 29, 2024 |
| Basis of Allotment | Tuesday, July 30, 2024 |
| Initiation of Refunds | Wednesday, July 31, 2024 |
| Credit of Shares to Demat | Wednesday, July 31, 2024 |
| Listing Date | Thursday, August 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2024 |
Trom Industries IPO Promoter Holding
Jignesh Patel and Pankaj Pawar are the company’s promoters.
| Share Holding Pre Issue | 98.84% |
| Share Holding Post Issue | 69.52% |
Financial Details of Trom Industries Limited
Trom Industries Limited’s revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,919.93 | 2,155.35 | 1,854.32 |
| Revenue | 5,454.68 | 2,413.80 | 3,056.55 |
| Profit After Tax | 572.93 | 28.86 | 35.98 |
| Net Worth | 1,222.57 | 249.92 | 221.12 |
| Reserves and Surplus | 575.84 | 248.92 | 220.12 |
| Total Borrowing | 573.71 | 492.82 | 85.66 |
| Amount in ₹ Lakhs | |||
Conclusion
The evaluation of the Trom Industries reveals that the offering is right in the industrial manufacturing domain. Due to the powerful financial results, range of products, and sighted plans for development, the company is ready for further successful evolution in the future. The indication of potential risks means that investors should evaluate them and study the issue in detail before making investment decisions. Therefore, with the help of objective analysis of the company’s goals, advantages and market niche, it is possible to make the right decision for investment in this interesting IPO. Click here to under stand IPO.
How to Apply Trom Industries Limited IPO through Zerodha?
This Step 1: Login to Zerodha Console
You need to open your browser and visit the Zerodha website: https://console.zerodha.com
Sign in with your security details: Zerodha user ID, password, and PIN to log into the account.
Step 2: Go to the work and finds for IPO section.
Visit Portfolio: After logging to your account, click on the tab ‘Portfolio’ available in left-hand side menu.
Direct to ‘IPO’: Click on ‘Portfolio’ and then click on the ‘IPOs’in blue as marked below from main menu.
Step 3: Choose the Trom Industries IPO.
IPO: Take List =>Click on the IPO, Find from a list “Three M Paper Boards Limited”
Click on ‘Apply’: After you select Trom Industries IPO it will take to the next page where he/she needs to click (on one of Bid Details Radio button) as shown in above image and then finally at bottom after Terms & Condition, Demat No etc. Click On Apply
4. On the next screen, fill in your Application Details
UPI ID : In application form, you have to enter your UPI ID To do so make sure your UPI ID is linked to the Bank account having an equivalent asset glossed with amount payable.
Bid Details: Fill in the number of shares you want to apply for, and bid price You may opt for cut-off price and apply using the ‘Cut Off’ parameters.
Verify Your Information: Review all information entered to make sure it is accurate
Step 5: Fill out and submit the Application
Step 4:Click Submit: After entering all the mandatory details, click on submit button.
Mandate on UPI: You will receive a mandate request in your UPI app. You need to login using your mobile app and approve the mandate for blocking funds required for IPO application.
Step 6: Verify Your App
Once you have successfully validated the UPI mandate your IPO application will be submitted. 3) Check status: Where can you see the status of your application;”’goto my order ==> IPO & check in Order Book section