Trom Industries IPO

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.

Trom Industries IPO Strengths

• Trom Industries Limited offers a wide range of solar products, including residential rooftops, ground-mounted, and industrial solar power plants.
• The company provides efficient solar off-grid systems and solar street lights designed for durability and minimal maintenance.
• Trom Industries Limited supplies solar deep freezers, home lights, and water purifiers to cater to diverse customer needs in remote areas.
• Strong relationships with customers and suppliers help Trom Industries Limited ensure repeat business and timely supply of quality materials.
• Experienced management with over 16 years in solar energy drives Trom Industries Limited’s business success and growth.
• The company focuses on improving domestic presence and customer satisfaction by expanding its product range and leveraging market skills.

Trom Industries IPO Risks

• Trom Industries Limited’s revenue is heavily dependent on operations in Gujarat, making it vulnerable to regional adverse developments.
• Government competition through cheaper solar products could impact Trom Industries Limited’s ability to compete and affect its financial performance.
• Increased dam construction by the government could reduce the demand for Trom Industries Limited’s solar water pumps.
• Lack of long-term supplier agreements may lead to supply disruptions, which can impact Trom Industries Limited’s ability to meet project deadlines.
• Dependence on the top 5 customers for a significant portion of revenue poses a risk if these customers reduce or stop their business with Trom Industries Limited.
• Unfavourable solar weather conditions could impact Trom Industries Limited’s sales and financial performance.