On August 1, Trom Industries’ NSE SME debut saw a notable spike in share price, with starting prices of ₹218.50, a stunning 90% rise over the issue price of ₹115. Bidding for the 27.28 lakh new shares issued in this book-built IPO started on July 25 and ended on July 29.
Given that Trom Industries had a grey market premium (GMP) of 134% before to listing, the company’s IPO listing was in line with street estimates. Nonetheless, the NSE’s price control cap on the SME IPO opening price meant that the company’s IPO listing was only at a 90% premium.
How to Check Allotment Status?
- Go to the website of Kfin Technologies Ltd.
- From the drop-down option, choose “Trom Industries Limited” for the IPO.
- Select an application number, a PAN number, or a Demat Account No.
- Type in your demat account number, application number, or PAN.
- Fill out the captcha.
- Press the “Submit” button.
- The screen will now show your Trom Industries IPO allotment status.
About Trom Industries Ltd.
Solar street lights, industrial solar power plants, ground-mounted solar power plants, and residential solar rooftops are the areas of expertise for Trom Industries Limited, a solar EPC (Engineering, Procurement, and Construction) company. Trom is working on a variety of solar projects, from concept to completion. Trom creates and installs solar systems for residential rooftop installations that are customized for each home. Our company expands its operations in the industrial sector to develop and build larger solar power facilities that meet industrial needs. Solar arrays are built on open land for use in ground-mounted solar power plants. Furthermore, our company offers solar street light installation and supply for public and commercial spaces.
What is the next solar IPO 2024?
Bidding for the Sahaj Solar IPO began on July 11, 2024, and it finished on July 15, 2024. The Sahaj Solar IPO allotment was completed on Tuesday, July 16, 2024. The shares were listed on July 19, 2024, on NSE SME. The price range for Sahaj Solar’s IPO is ₹171 to ₹180 per share.
