Trom Industries IPO

Trom Industries' IPO includes 27,27,600 shares worth INR 31.37 crores to fund a solar power plant, working capital needs, and general corporate purposes.

Important Details

Open Date : July 25, 2024 Close Date : July 29, 2024 Allotment Date: July 30, 2024 Listing Date: August 1, 2024

Important Details

IPO Price: INR 100-115 per share Lot Size: 1200 Shares Total Issue Size: INR 31.37 crores

Fundamental Analysis

Trom Industries IPO analysis shows mixed performance: 1. Revenue: Down in 2022, up in 2024. 2. Increased equity & debt reliance. 3. Improved profit, EPS & RoNW. 4. Higher assets and liquidity. 5. Decreased inventory turnover.

Peer Comparison

Trom Industries: Strong EPS and RoNW. Alpex Solar and Solex Energy: Higher revenues, lower RoNW. Australian Premium Solar: Highest EPS, low RoNW. Each company has distinct financial strengths.

Objective

Trom Industries Limited’s main objective is to fund capital expenditures for a solar power plant and meet working capital requirements.

Risks And Challenges

Trom Industries IPO Risks: 1. Heavy revenue concentration in Gujarat. 2. Risks from government policy changes. 3. Decreased demand for solar water pumps due to increased dam construction.