Trom Industries IPO share allotment expected today: Steps to check status online

Trom Industries IPO shares allotment status is likely to be finalised on July 30 after an overwhelming response to the public issue during the subscription period.

The ₹31.37-crore NSE SME public offer was open for subscription from July 25 to July 29.

Trom Industries IPO was booked 459.07 times across all categories with bids for over 83.29 crore shares compared to 18.14 lakh shares offered for bidding.

The Non-Institutional Investors (NIIs) category saw the highest demand as the segment was booked 752.24 times. The issue was subscribed 483.14 times in the retail category and 197.06 times in the Qualified Institutional Buyers (QIBs) segment.

Trom Industries IPO listing date has been tentatively fixed as August 1. Prior to the listing, investors are awaiting the finalisation of the share allotment status of the IPO.

Investors can check the share allotment status for Trom Industries IPO on the websites of the NSE and registrar Kfin Technologies Limited.

Steps to check Trom Industries IPO share allotment status on the NSE website

• Go to the NSE IPO allotment page using this link: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password (Investors need to create a login id and password for using the NSE website)
• After logging in choose ‘Trom Industries IPO’ from the list
• Enter your PAN
• Enter your IPO application Number
• Click on ‘submit’

Trom Industries IPO share allotment status check on registrar's website:

• Go to the official website of IPO registrar, Kfin Technologies, at https://www.kfintech.com/
• Select the 'IPO Allotment Status' option
• Choose any one of the 5 server links displayed on the screen
• Once you are redirected to a new page, go to the 'IPO Allotment Status' link
• Choose ‘Trom Industries IPO’ from the dropdown menu for company name
• Enter any one of the following- Application Number/Demat Account/PAN
• Enter the captcha
• Click on the ‘submit’ button

The share allotment status will be shown on the screen

Trom Industries IPO: Price band and lot size

Trom Industries IPO price band was fixed at ₹100 to ₹115 per share. The minimum lot size for retail investors was fixed at 1,200 shares, which aggregated to a minimum investment of ₹1,38,000.

The initial public offer of Trom Industries Ltd comprised an entirely fresh issue of 50.4 lakh shares.

Trom Industries IPO objective

Trom Industries plans to use the money raised via the public issue to fund the company's capital expenditure requirements for setting up a solar power plant. The funds will also be used to meet the company’s working capital needs and other general corporate purposes.

About Trom Industries

Trom Industries, founded in 2011, is a solar EPC (engineering, procurement and construction) firm. The company specialises in residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants, and solar street lights. The company’s headcount stood at 31 employees as of March 01, 2024.