IPO

Trust Fintech Limited IPO

NSE SME

Listed On: Apr 4, 2024 at ₹ 143.25

₹ 121200 /1200 Shares

Check Allotment

Trust Fintech Limited IPO Details

26 Mar, 2024

Open Date

28 Mar, 2024

Close Date

02 Apr, 2024

Allotment Date

04 Apr, 2024

Listing Date

Issue Price

₹95-101 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

143.25

Listing Date

2024-04-04

Market Lot

1200 Shares (₹121,200/-)

Lead Manager

Corporate Capitalventures Pvt Ltd

Issue Size

6,282,000 shares(aggregating up to ₹63.45 Cr)

Retail Portion

35%

Subscription

108.63 times

IPO Docs

DRHP

Trust Fintech Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,192,800 / 895,2002,088,0004,176,000
Day 1 - 26-03-24 06:00 PM0.00 / 2.74 x5.51 x3.34 x
Day 2 - 27-03-24 06:00 PM0.32 / 14.54 x18.18 x12.30 x
Day 3 - 28-03-24 06:00 PM65.38 / 244.48 x75.10 x108.63 x
Total No. of Applications: 1,30,666 (Approx)

Trust Fintech Limited Valuations

EPS Pre IPO

₹2.29/-

EPS Post IPO

₹6.11/-

P/E Pre IPO

44.05

P/E Post IPO

16.53

RoNW

27.51%

Trust Fintech Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets3,118.891,958.721,590.01
Revenue2,270.191,800.002,417.94
Profit After Tax402.21133.66219.66

About The Company

Trust Fintech Limited is a software development company that specializes in providing Core Banking Software, IT Solutions, ERP Implementation, Customized Software Solutions Development, SAP B1, and Offshore IT services for the BFSI sector.

The company offers 10+ banking products for commercial, cooperative banks, and financial institutions. These include Core Banking, Loan Origination, GST Compliance, Financial Accounting, Billing, SAP B1 services, add-on modules for statutory report generation, ATM reconciliation, anti-money laundering, agency banking, and mobile banking.

The company's product portfolio consists of
Banking Software
Software as a Service

The Flagship product of the company TrustBankCBS is a web-based software, and it is available on-premises with infrastructure, i.e. it offers the flexibility to the customer to deploy TrustBankCBS on their own premises with customized infrastructure.

The company has provided services in India, Srilanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.

It has a global footprint in more than 25 countries and a global customer base of more than 200 BFSI with Core Banking.

The company has obtained various quality certifications, such as ISO 27001: 2013 and ISO 9001:2015.

The organization operates through offices in Nagpur, Pune, and Mumbai, with a total area of 1064.42 sq. meters and more than 250 employees.

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Trust Fintech Limited - Promoter(s)

Pre Issue Share Holding: 93.51%

Post Issue Share Holding: 68.85%

Company Promoter(s)

  1. Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shankar Kane and Mr. Mandar Kishor Deo.

Trust Fintech Limited IPO - Issue Objectives

  1. To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.
  2. Investment in procuring hardware and upgrading IT infra
  3. Funding of expenditure related to enhancement, maintenance and upgrading existing Product
  4. To meet the Global & Domestic Business Development, Sales and Marketing expenses for the company
  5. General Corporate Expenses

Trust Fintech Limited IPO - FAQs

Ans. Trust Fintech Limited IPO is a SME IPO. The issue is priced at ₹95-101 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Mar 26, 2024, and closes on Mar 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Trust Fintech Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.

Ans. The size of Trust Fintech Limited IPO is 6,282,000 shares(aggregating up to ₹63.45 Cr).

Ans. The IPO price band is set between ₹95-101 per equity share.

Ans. To apply for Trust Fintech Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Trust Fintech Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Trust Fintech Limited IPO is Apr 2, 2024.

Ans. The Trust Fintech Limited IPO will be listed on Apr 4, 2024.

Ans. Follow the steps to check the allotment status for Trust Fintech Limited IPO here.