Trom Industries IPO

About Trom Industries Limited

Trom Industries Limited, initially known as Trom Solar, was established as a partnership on August 8, 2011, with registration number GUJGND00921. On April 10, 2019, it transitioned to a public limited company and adopted its current name. A fresh Certificate of Incorporation was issued on August 1, 2019, under Corporate Identity Number U29309GJ2019PLC109376.

Trom Industries Limited specialises in Solar EPC (Engineering, Procurement, and Construction) services. The company focuses on residential solar rooftop systems, industrial solar power plants, ground-mounted solar installations, and solar street lights. The company designs, procures, constructs, and manages diverse solar projects while ensuring compliance with regulatory standards.

In the residential sector, Trom designs and installs solar systems tailored to individual homes. For industrial clients, it constructs larger solar power plants. Ground-mounted solar projects involve setting up solar arrays on open land, and the company also supplies and installs solar street lights for public and commercial areas.

In addition to solar services, Trom Industries engages in the trading and distribution of solar panels, inverters, and related materials. It also trades in various footwear products, though this is a smaller part of its business. Looking ahead, Trom is investing in green hydrogen projects to expand its sustainable energy portfolio.

The company’s warehouse is located in Gandhinagar, Gujarat, India. Founded by Jignesh Patel and Pankaj Pawar, who bring over 16 years of experience in the solar industry, Trom Industries Limited is driven by their expertise in finance, sales, and marketing.

Industry Outlook:

1. The solar power market, growing from $197.23 billion in 2021 to an estimated $368.63 billion by 2030, will drive increased demand for solar solutions. Trom Industries Limited stands to benefit from this growth by capturing a larger share of the expanding market.
2. India’s renewable energy sector, with a target of 450 GW by 2030, is experiencing significant growth, particularly in solar power. This surge provides Trom Industries Limited with increased opportunities for residential and industrial solar projects.
3. India’s substantial investments and supportive policies, including a $2.4 billion National Hydrogen Mission and large-scale solar parks, create a favourable environment for Trom Industries Limited to expand its operations and secure new projects.

Trom Industries Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Allocate ₹450.00 lakh for capital expenditures to establish a new solar power plant, which will enhance the company’s production capabilities.
2. Use ₹1,652.56 lakh to meet ongoing operational needs and ensure smooth business operations.
3. Fund various general corporate needs to support overall business growth and development.

Peer Details

The following are the listed companies in India that engage in a business similar to Trom Industries Limited:

1. Alpex Solar Limited
2. Australian Premium Solar India Limited
3. Solex Energy Limited

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Contact Details of Trom Industries Limited IPO

• Registered office: 4th Floor, 421, Pramukh Tangent, NR. Sargasan Cross Road, Gandhinagar - 382421, Gujarat, India
• Phone: +91-79 2965 6678
• E-mail: info@tromindustries.com