Trom Industries Limited Announces IPO Launch on NSE Emerge

Trom Industries Limited, originally formed as Trom Solar in 2011, announces its IPO launching on July 25, 2024, and listing on NSE Emerge. The company specializes in solar EPC projects, including residential and industrial solar systems. The IPO aims to raise ₹31.37 Cr for expansion and working capital.

Trom Industries Limited, formerly known as Trom Solar, has announced the launch of its Initial Public Offering (IPO) scheduled to open on July 25, 2024, with listing planned on the NSE Emerge platform.

The company, specializing in solar EPC (Engineering, Procurement, and Construction) projects, will issue 2,727,600 shares to raise ₹31.37 Crores. The proceedings are set for capital expenditures, working capital needs, and general corporate purposes.

Expert Global Consultants Private Limited will serve as the Book Running Lead Manager, and the company's shares will be available in a price band of ₹110-₹115 per share. The offer closes on July 29, 2024, and shares are expected to be listed on August 1, 2024.

(With inputs from agencies.)