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Trom Industries Limited IPO Review & Recommendations

 

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Trom Industries Limited IPO

July 25, 2024 - July 29, 2024 Closed

Trom Industries Limited IPO Review

Trom Industries Limited IPO was engaged in a Solar EPC (Engineering, Procurement, and Construction) company that focuses on various solar projects. They specialize in installing solar systems for homes, building large solar power plants for industries, and setting up solar streetlights. For homes, Trom customizes solar systems to fit individual needs. In the industrial sector, Trom handles bigger projects, creating solar power plants to meet the energy needs of factories and businesses.

Trom Industries Ltd business covers engineering design, buying materials, on-site construction, project management, and following regulations in various sectors. Their solar projects support sustainable energy in homes, industries, public areas, and government projects. They also trade and distribute a wide range of products like solar panels, inverters, and other materials needed for solar power plants. Additionally, they briefly traded all types of footwear on a very small scale.

Trom Industries Limited Products and Services

Trom Industries Limited Ipo business involves trading and distributing various products, including solar panels, inverters, and materials needed for solar power plants. They buy many items like solar inverters, solar modules, solar pumps, solar controllers, mounting structures, and earthing materials (such as cables, rods, and bags) from well-known suppliers and provide them to their customers.

Trom Industries Limited's competitive strengths are Wide Range of Products, Strong relationship with customers and suppliers, and an Experienced management team with industry expertise. Their Business Strategies are Leveraging their market skills and relationship, Optimal Utilization of Resources, Improve Domestic Presence, Customer Satisfaction. They stay competitive by understanding their operating markets and spotting new opportunities. They believe that keeping a close eye on market trends helps them stay ahead and meet their customers' needs.

Financial Overview  

The company works in a very competitive and divided market. It had ups and downs in its revenue and profits but had great earnings for FY24. Because of these strong earnings, the pricing seems fair. The FY24 earnings suggest positive trends for the future. Investors might consider investing for the medium to long term.

Frequently Asked Question

You will receive on Trom Industries Limited IPO shares in your Demat account on July 30, 2024, if allotted.
Trom Industries Limited IPO Products share price ₹100 to ₹115 per share.
Closing date of Trom Industries Limited IPO is July 29, 2024.
Post-issue shareholding of the Trom Industries Limited IPO promoter is 69.52%.
The face value of Trom Industries Limited IPO is ₹10 per share.
The lead managers for Trom Industries Limited IPO will be mentioned in the red herring prospectus and official notifications.
Pre-issue shareholding of the Trom Industries Limited IPO promoter is 98.84%.
For detailed financial information, including revenue, profit, and other financial metrics, please refer to the red herring prospectus and the company's official announcements.
Trom Industries Limited IPO shares will get listed on August 01, 2024.
Opening date of Trom Industries Limited IPO is July 25, 2024.
Lot size of the Trom Industries Limited IPO is 1200 shares.
The meaning of " Trom Industries Limited IPO " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Trom Industries Limited IPO on the current day.
Trom Industries Limited IPO share price Shares will be listed at NSE SME.
Trom Industries Limited is a diversified company involved in manufacturing and supplying various industrial products, including Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage System, HDPE Single Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminium Conductors
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in quest laboratories private limited using any neatest method at your convenience.
If you do not get the allotment of on Trom Industries Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
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