Trom Industries Ltd - IPO

Trom Industries Ltd IPO Details

Public issue of upto 27,27,600 equity shares of face value of Rs. 10/- each of Trom Indstries Limited (TIL or the Company or the Issuer) for cash at a price of Rs. 115 per equity share including a share premium of Rs. 105/- per equity share (the Issue Price) aggregating to Rs. 31.37 crores (The Issue), of which 1,36,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 115/- per equity share including a share premium of Rs. 105/- per equity share aggregating to Rs. 1.57 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 25,90,800 equity shares of face value of Rs. 10/- each at a price of Rs. 115/- per equity share including a share premium of Rs. 105/- per equity share aggregating to Rs. 29.80 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.66% and 28.18%, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

Funding of capital expenditure requirements of the company towards set up of Solar Power Plabt. Working Capital Requirements. General Corporate Purposes.

Trom Industries Ltd Contact Details

Trom Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@tromindustries.com

Website - www.tromindustries.com