Trimoorty Foamtech Limited

Trimoorty Foamtech Limited IPO: GMP, Profit, Price & expert review

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Trimoorty Foamtech Limited is a Pune-based manufacturer specializing in engineered foam-based products and NVH solutions for the automotive, HVAC, and healthcare industries.
Its core product portfolio includes PU molded foam components, self-adhesive foam parts, thermoformed parts, and gaskets. And also diversifies its products by making EVA-based foam toys, puzzles, and play mats

Trimoorty Foamtech Limited operates primarily through a B2B model, maintaining five manufacturing and warehouse facilities across
Pune, Satara, and Chennai.

Trimoorty Foamtech Limited was incorporated on December 11, 2001. The company is currently led by Mr. Makarand Narayan Joshi.

Trimoorty Foamtech Limited has filed DRHP with SEBI for a proposed IPO with an issue size of 3,572,000 Equity Shares consisting entirely as Fresh Issue of 2,858,000 Equity Shares and Offer for Sale (OFS) of 714,000 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:3,572,000 Equity Shares
Fresh Issue:2,858,000 Equity Shares
Offer for Sale:714,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Trimoorty Foamtech Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 32.5 Cr
Revenue:₹ 118.80 Cr
EBITDA₹ 16.61 Cr
PAT₹ 9.11 Cr
EBITDA Margin:~13.99%
PAT Margin~7.63%
Face Value:Rs. 10 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing prepayment~ ₹ 00 Cr
Funding capital expenditure~  ₹ 27.10 Cr
Infrastructural Development~  ₹ 1.69 Cr
General Corporate PurposeBalance

Trimoorty Foamtech Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 92.4₹ 102.2₹ 118.8
PAT (₹ Cr)₹ 4.3₹ 5.3₹ 9.1
Asset (₹ Cr)₹ 56.0₹ 65.3₹ 75.1
Net Worth (₹ Cr)₹ 18.1₹ 23.4₹ 32.5

Trimoorty Foamtech Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
27-Feb₹ –₹ –₹ –
26-Feb₹ –₹ –₹ –
25-Feb₹ –₹ –₹ –
24-Feb₹ –₹ –₹ –
23-Feb₹ –₹ –₹ –
Trimoorty Foamtech Limited

Trimoorty Foamtech Limited IPO Pros & Cons

Strengths:

  • Strong Growth: Reported a 71% PAT increase in FY25 year-over-year.
  • Expansion Plans: Using IPO funds for a new facility.
  • Diverse Portfolio: Serving automotive, HVAC, healthcare, and consumer toy markets.
  • Efficient Operations: Maintaining a healthy Return on Equity (ROE) of 32.58%.
  • OEM Partnerships: Long-standing relationships with major global Tier-1 automotive suppliers.

Risks:

  • SME Platform Risk: Listing on NSE Emerge often involves lower liquidity.
  • Sector Concentration: Heavily dependent on the cyclical automotive industry performance.
  • Debt Levels: Total borrowings stood at ₹25.05 crore as of 2025.
  • Raw Material Volatility: Fluctuating chemical prices can squeeze operating profit margins.
  • Limited Public Float: Promoters hold 99.96% equity prior to this issue.

Trimoorty Foamtech Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Makarand Narayan Joshi75.56%
Madhavi Makarand Joshi24.24%
Vedant Makarand Joshi0.07%
Mihir Makarand Joshi0.03%

Trimoorty Foamtech Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Trimoorty Foamtech Limited

Lead / Book Running Lead ManagersArihant Capital Markets Limited
Registrar (RTA)PURVA SHARE REGISTRY INDIA PRIVATE
LIMITED

Trimoorty Foamtech Limited FAQ

  • Trimoorty Foamtech manufactures engineered foam-based products, NVH solutions, and consumer toys for automotive and industrial sectors.
  • IPO proceeds will fund a new Satara manufacturing plant, upgrade existing facilities, and cover general corporate expenses.
  • The issue size of the IPO is 3,572,000 equity shares, and it will list on the NSE Emerge platform.
  • Key risks include high automotive sector dependency, SME liquidity issues, raw material price volatility, and debt.
  • Potential upsides include strong 71% PAT growth, capacity expansion via new facilities, and high ROE.
  • You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.
  • Expected listing date is yet to be announced.

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