Trom Industries IPO Allotment Status

Trom Industries IPO Allotment Status

The Trom Industries IPO has seen significant subscription rates by the end of Day 3 on July 29, 2024. Overall, the IPO was subscribed 459.00 times. The retail category led with a subscription rate of 483.14 times, followed by the NII category at 751.90 times, and the QIB category at 197.07 times. On Day 1, the total subscription was 13.93 times, with retail at 20.44 times, NII at 16.66 times, and QIB at 0.50 times. By Day 2, the total subscription increased to 35.37 times, with retail at 55.53 times, NII at 34.79 times, and QIB at 0.52 times. The highest surge was observed on Day 3, leading to the final total of 459.00 times. Trom Industries IPO subscribed 459.00 times. The public issue subscribed 483.14 times in the retail category, 197.07 times in QIB, and 751.90 times in the NII category by July 29, 2024 5:25:03 PM.

Investors can check the Trom IPO allotment status on the official website of the registrar for IPO, Kfin technology Private Ltd. and the BSE website.

Given below is the step-by-step guide to check Le Trom Industries IPO allotment status on Kfin Technologies Limited and the BSE website.

How to check Trom Industries IPO allotment status on Kfin Technologies

-Visit the Kfin Technologies website here: https://kosmic.kfintech.com/ipostatus/

-Select " Trom Industries Limited" from the company drop-down list on the Public Issues page.

-Enter your PAN nu number, application number, DP Client ID or Account Number/IFSC.

-Click on the "SUBMIT" button.

-Download or print the allotment status for your records.

How to check Trom Industries IPO allotment status on BSE

-Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx

-Select the issue type as 'Equity.'

-Choose " Trom Industries Limited" from the dropdown menu.

-Enter your application number or PAN (Permanent Account Number).

-Complete the 'Captcha' for verification.

-Click on the "Search" button to view your allotment status.

-Download or print the allotment status for your records. 

Timeline of Trom IPO

IPO Open Date: Thursday, July 25, 2024

IPO Close Date: Monday, July 29, 2024

Basis of Allotment: Tuesday, July 30, 2024

Initiation of Refunds: Wednesday, July 31, 2024

Credit of Shares to Demat: Wednesday, July 31, 2024

Listing Date: Thursday, August 1, 2024
 
Investors who received shares of the company will have their demat accounts credited on July 31, 2024. The refund procedure will begin on Friday, as soon as the allotment is finalised.

Trom Industries IPO Subscription Details  

Subscription Day 3 

Total Subscription: 459.00 times. 

Institutional investors: 197.07 times. 

Non-institutional investors: 751.90 times. 

Retail investors: 483.14 times. 
 
Subscription Day 2

Total Subscription: 35.37 times.

Institutional investors: 0.52 times.

Non-institutional investors: 34.79 times.

Retail investors: 55.53 times.
 
Subscription Day 1

Total Subscription: 13.93 times.

Institutional investors: 0.55 times.

Non-institutional investors: 16.66 times.

Retail investors: 20.44 times.

About Trom IPO

Trom Industries IPO is a book-built issue aiming to raise ₹ 31.37 crores through a fresh issue of 27.28 lakh shares. The subscription period for the IPO started on July 25, 2024, and closes today, July 29, 2024. The allotment is expected to be finalized on July 30, 2024, with the shares listing on the NSE SME on August 1, 2024. The IPO price band is set between ₹100 to ₹115 per share, with a minimum lot size of 1200 shares, requiring a retail investment of ₹138,000, and for HNIs, the minimum investment is 2 lots (2,400 shares) amounting to ₹276,000. Expert Global Consultants Private Limited is the lead manager, Kfin Technologies Limited is the registrar, and Sunflower Broking is the market maker for this IPO. Jignesh Patel and Pankaj Pawar are the promoters, with pre-issue promoter holding at 98.84% and post-issue holding at 69.52%.

Trom Industries IPO Allotment Date: 30 July 2024