Trom Industries shares list at 90% premium over issue price

The shares of Trom Industries listed on the NSE SME platform with a premium of 90% on Thursday. The stock debuted at Rs 218.5 against an issue price of Rs 115 per share.

Ahead of listing, the company's shares traded with a premium of Rs 105 in the unlisted market.

The IPO, which involves a fresh equity sale of 27.27 lakh shares, received a robust response from investors across categories, with a subscription rate of over 400 times.


The net proceeds from the public offer will be used to fund capital expenditures, working capital requirements, and general corporate purposes.

Trom Industries is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftops, industrial solar power plants, ground-mounted solar power plants, and solar street lights.

The company is engaged in the comprehensive development of diverse solar projects. For residential rooftop installations, Trom designs and implements solar systems tailored to individual homes. In the industrial sector, the company scales up operations to design and construct larger solar power plants to meet industrial needs.

Ground-mounted solar power plants involve developing solar arrays on open land. Additionally, Trom provides services for the supply and installation of solar street lights in public and commercial areas.

The company's business covers engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. Its solar applications contribute to the advancement of sustainable energy solutions in residential, industrial, public, and government sectors.

The company's business operations also encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and various materials essential for the establishment and functioning of solar power plants.

Additionally, the company engages in the trading of various types of footwear on a small scale. It is also actively involved in the development of green hydrogen projects, which are a key focus for future business endeavors.