New Delhi: Trom Industries IPO opened for subscription on July 25, 2024, and will end on July 29. IPO is valued at Rs 31.37 crores, featuring a fresh issue of 27.28 lakh shares. Allotment of shares is expected to be finalised by July 30.
Trom Industries IPO price
The price band of the IPO is set between Rs 100 and Rs 115. The minimum lot size is of 1,200 shares. Retail investors need to invest at least Rs 138,000, while High Net-Worth Individuals (HNIs) are required to invest a minimum of Rs 276,000 for 2 lots.
Trom Industries IPO subscription status
Trom Industries IPO was subscribed 13.93 times on Day 1. It received 20.44 times the subscription in the retail category, 0.50 times in the QIB (Qualified Institutional Buyer) category, and 16.66 times in the NII (Non-Institutional Investor) category. Anchor Investors will receive 776,400 shares, which accounts for 28.46 per cent of the total. Trom Industries has raised Rs 8.93 crore from anchor investors, with the anchor bid date set for July 24, 2024.
Trom Industries IPO GMP
As per the Investor gain website, the Grey Market Premium (GMP) for Trom Industries’ SME IPO stood at Rs 125 at 9:55 AM on July 26, 2024. Given the price band of Rs 115, the estimated listing price for the IPO is Rs 240 (sum of cap price and today’s GMP). This implies an expected gain of 108.70 per cent per share.
The allotment for the Trom Industries IPO is anticipated to be finalised on Tuesday, July 30, 2024. The IPO is scheduled to list on the NSE SME platform, with a tentative listing date set for August 1.
About Trom Industries
Founded in 2011, Trom Industries specialises in solar energy solutions. Their business includes residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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Trom Industries SME IPO details: Trom Industries IPO GMP was reported to be at Rs 125 at around 10 am on July 26, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
