Trom Industries IPO Review

Trom Industries Limited stands as a beacon of passion in their commitment to harnessing the boundless energy of the sun, illuminating homes and businesses across the expanse of India.

The Company was founded by the Promoters Jignesh Patel and Pankaj Pawar, who have an experience of more than 16 years in the solar sector.

Financially, Trom Industries revenue decreased from ₹3,056.55 Lakhs in FY22 to ₹2,413.80 Lakhs in FY23 and currently increased at ₹5,454.68 Lakhs in FY24. But, EBITDA increased from ₹93.44 Lakhs in FY22 to ₹129.90 Lakhs in FY23 and currently at ₹830.11 Lakhs in FY24. But, the PAT decreased from ₹35.98 Lakhs in FY22 to ₹28.86 Lakhs in FY23 and currently at ₹572.93 Lakhs in FY24. This indicates a steady financial performance.

For the Trom Industries IPO, the company is issuing shares at a pre-issue EPS of ₹8.85 and a post-issue EPS of ₹6.23. The pre-issue P/E ratio is 12.29x, while the post-issue P/E ratio is 18.45x against the industry P/E ratio of 124.27x. The company's ROCE for FY24 is 45.80% and ROE for FY24 is 77.82%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Trom Industries indicates potential listing gains of 85% to 90%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to apply for short term or Long Term investment purposes.