Trom Industries IPO Subscription Status

Trom Industries IPO Subscription - Day-3 Subscription at 459 times

Trom Industries IPO will close on 29 July. Shares of Trom Industries are likely to be listed on August 1. Shares of Trom Industries  will make trading debut on NSE SME platform
On 29 July 2024, Trom Industries IPO received bids for 83,28,02,400 shares, much more than the 18,14,400 shares available. It means Trom Industries IPO was oversubscribed by 459.00 times by the end of day 3

Here are the subscription details for Trom Industries IPO as of Day 3:

Trom Industries IPO subscription was mainly driven by HNI / NII investors, followed by retail investors, and then Qualified Institutional Buyers (QIBs) showing interest later. QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO. 
QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Trom Industries IPO for Days 1, 2, and 3

On day 1, Trom Industries IPO was subscribed 13.93 times. By day 2, the subscription status had risen to 35.37 times and on day 3, it reached 459 times.
 

Here are the subscription details for Trom Industries IPO by category as of Day 3:

Data Source: NSE

Trom Industries IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 197.07 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 751.90 times, and Retail Investors at 483.14 times. Overall, Trom Industries IPO was subscribed 459 times.

Trom Industries IPO Subscription - Day-2 Subscription at 35.37 Times

Trom Industries IPO will close on 29 July. Shares of Trom Industries are likely to be listed on August 1. Shares of Trom Industries  will make trading debut on NSE SME platform
 

On 26 July 2024, Trom Industries IPO received bids for 6,41,76,000 shares, much more than the 18,14,400 shares available. This means that Trom Industries IPO was oversubscribed by 35.37 times by the end of Day 2. Here are the subscription details for Trom Industries IPO as of Day 2:

Trom Industries IPO subscription was mainly driven by retail investors, followed by High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), with Qualified Institutional Buyers (QIBs) showing interest later. QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the complete subscription details for the Trom Industries IPO as of Day 2:

On day 1, Trom Industries IPO was subscribed 13.93 times. By day 2, the subscription status had risen to 35.37 times final status will be clear after the end of day 3. Trom Industries IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 0.52 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 34.79 times, and Retail Investors at 55.53 times. Overall, Trom Industries IPO was subscribed 35.37 times.

Trom Industries IPO - Day-1 Subscription at 13.92 times

On 25, 2024, Trom Industries IPO received bids for 2,52,64,800 shares, greatly exceeding the 18,14,400 shares available. It means Trom Industries IPO was oversubscribed by 13.92 times on the first day. Here are the subscription details for Day 1 of the Trom Industries IPO:

On the first day, retail investors led the way in subscribing to the IPO, followed by High Net Worth Individuals and NIIs with Qualified Institutional Buyers trailing behind. Usually, QIB and NII/HNI subscriptions increase in the second half of the last day. The final subscription numbers will become clear by the end of the third day. The overall subscription ratio excludes the anchor portion and market making segment of the IPO.

Here are the subscription details for each category:

Trom Industries IPO has initiated to generate ₹31.37 crores by issuing 27.28 lakh new shares. Bidding for this IPO starts on Thursday and ends on Monday, July 29.

Investors can buy shares within a price range of ₹100 to ₹115 per share. Minimum application is for 1,200 shares, which requires a minimum investment of ₹138,000 for retail investors. High Net Worth Individuals (HNIs) need to apply for at least 2 lots (2,400 shares), costing Rs. 276,000.

Trom Industries IPO opens on 25 July 2024 and closes on 29 July 2024. Share allotment is expected to be finalized by July 30, 2024 and the shares will be listed on NSE SME platform on August 1, 2024.

Expert Global Consultants is the lead manager for the IPO and Kfin Technologies Limited is the registrar. Sunflower Broking is the market maker for the IPO.

Founded in 2011, Trom Industries specializes in solar Engineering, Procurement, and Construction (EPC) solutions. They offer residential solar rooftop systems, industrial solar power plants, ground mounted solar power plants and solar street lights.