What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Trom Industries Limited IPO?

Based on the upper price band of ₹115 and current GMP of ₹154, the estimated listing price is ₹269 (approx. 133.9% gain).

What is the expected profit per lot for Trom Industries Limited IPO?

With a lot size of 1200 shares and current GMP of ₹154, expected profit per retail application lot is approximately ₹1,84,800.

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Grey Market Intelligence

Trom Industries Limited

ListedSME

Capital Goods / Industrial Manufacturing · NSE

Founded in 2011, Trom Industries Limited is a leading solar EPC (Engineering, Procurement, and Construction) company offering end-to-end solutions across residential, industrial, and ground-mounted solar power segments. The company specializes in customized solar rooftop systems, large-scale industrial solar plants, ground-mounted solar projects, and solar street lighting. Its extensive product range includes solar street lights, off-grid solar systems, solar freezers, solar home lights, solar water purifiers, solar water pumps, as well as AC LED street and flood lights. Trom Industries also undertakes supply, installation, and maintenance of these systems, catering to both public and commercial sectors. As of March 01, 2024, the company employed 31 professionals, including directors and key management personnel, dedicated to advancing clean energy and promoting sustainable power solutions.

Price Band

₹100 – ₹115

Issue Size

₹31.37 Cr

Lot Size

1200 shares

GMP

₹154

+133.9%

Est. Listing

₹269

at current GMP

Subscribed

440.01x

overall

Open

25 Jul 2024

29 Jul 2024

Allotment

30 Jul 2024

Refund

31 Jul 2024

Demat Credit

1 Aug 2024

Listing

1 Aug 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Trom Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹154+133.9%

Issue Price (Upper)

₹115

Band: ₹100 – ₹115

Estimated Listing Price

₹269

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,38,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹154	133.9%	₹269
30 Oct 2026	+₹154	133.9%	₹269
29 Oct 2026	+₹139	120.5%	₹254

About Trom Industries Limited Public Issue & Market Profile

Trom Industries Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Manufacturing sector with an aggregate issue size of ₹31.37 Crores. The shares are offered at a price band of ₹100 to ₹115 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,38,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-01, while un-allotted funds or UPI block mandates will be released on 2024-07-31.

Frequently Asked Questions

What is Trom Industries Limited IPO GMP today?

The latest grey market premium for Trom Industries Limited IPO is ₹154, which indicates an expected listing price of ₹269.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.