Trom Industries is planning to raise funds by offering its shares to the public for the first time through an Initial Public Offering (IPO).
The company aims to gather approximately ₹31.37 crores through this IPO. This amount will help Trom Industries in its growth and expansion plans.
The price for each share has been set in the range of ₹100 to ₹115. This means that investors have the opportunity to buy a single share for at least ₹100 and at most ₹115.
The sale of shares will begin on July 25, 2024, and will end on July 29, 2024. During this time, anyone interested in purchasing shares can do so.
There is a minimum requirement of 1200 shares for each purchase. This means that investors need to buy at least 1200 shares in one go.
By buying shares, investors will become partial owners of Trom Industries. The company plans to list its shares on the National Stock Exchange (NSE) on August 1, 2024. After this date, investors can buy and sell Trom Industries shares on the stock market.
There is significant interest from people wanting to buy Trom Industries shares. This interest is often referred to as the “grey market premium” (GMP). Currently, the GMP is high, indicating that many people expect the share price to increase once it starts trading on the stock exchange.
It is important to note that investing in shares carries risks. Share prices can fluctuate, meaning they can rise or fall. Therefore, it’s essential to conduct thorough research or consult a financial advisor before making any investment decisions.
