Trom Industries IPO

Trom Industries Ltd

₹1,32,000 /1200 sharesMinimum Investment

Trom Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Jul ‘24 - 29 Jul ‘24₹1,32,0001,200₹110 - ₹115
Issue SizeIPO Doc
31.37Cr
RHP PDF

About Trom Industries

Trom Industries Limited is a solar EPC (engineering, procurement, and construction) company with a presence in multiple segments of solar energy projects. The company is involved in the design, development, and installation of residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lighting systems. Trom Industries offers solar solutions for residential properties. For the industrial sector, the company constructs solar power installations suitable for large-scale energy needs. Trom Industries is engaged in developing expansive solar parks on unused land and provides services for the installation of solar street lights in public and commercial spaces. Their operations cover all aspects of solar project execution, including engineering design, procurement of essential materials, onsite construction, project management, and compliance with regulatory standards.;
Founded in
2011
Managing director
Mr. Jignesh Patel
Parent organisation
Trom Industries Ltd

Strengths & Financials of Trom Industries

Strengths
Risks
The company’s warehouse in Gujarat holds the ISO 9001:2015, ISO 45001:2018, and ISO 27001:2018 certifications for quality management systems, occupational health and safety management systems, and security management systems, respectively.
Trom Industries offers a mix of products, including solar and AC LED lighting solutions. Its range encompasses residential solar rooftops, ground-mounted and industrial solar power plants, solar off-grid systems, solar street lights, solar deep freezes, solar home lighting, solar water pumping, solar water purifiers, AC LED street lights, and AC LED flood lights.
The company receives repeat orders from various industries. Clients often request new installations at additional facilities or expansions at existing sites.
Trom Industries generates revenue across multiple Indian states, including Gujarat, Rajasthan, Maharashtra, Delhi, Andhra Pradesh, Kerala, and Madhya Pradesh, indicating a diversified customer base.
Trom Industries relies on the state of Gujarat for revenue generation. In the financial years ending March 31, 2024, March 2023, and March 2022, the company reported revenues of Rs 53.42 crore (98.29% of total revenue), Rs 21.98 crore (91.52%), and Rs 19.39 crore (63.97%) from Gujarat. This concentration of revenue generation in a single state could pose problems for the company should the business in the state face any challenges.
The top five customers of the company contributed nearly half of the revenue over the past three years: 49.47% in 2024, 46.22% in 2023, and 51.02% in 2022. Any reduction in business from these clients could significantly impact Trom Industries' profitability.
As of March 31, 2024, the company had total outstanding financial indebtedness of Rs 5.73 crore (including both long-term and short-term borrowings). Failure to service or repay the amount on time could adversely impact the company’s business.
The company has witnessed negative cash flows in the past. Any repeat in the future could have adversely affect the company’s business prospects.

Trom Industries Financials

*All values are in Rs. Cr
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Application Details of Trom Industries IPO

Apply asPrice bandApply Range
Regular110 - 115₹2 - 5 Lakh
High Networth Individual110 - 115₹2 - 5 Lakh
For Trom Industries IPO, eligible investors can apply as Regular.