Trust Fintech Limited IPO is an NSE SME IPO. They are going to raise ₹63.45 Crores via IPO. The issue is priced at ₹95 to ₹101 per equity share. The IPO is to be listed on NSE.
Trust Fintech Limited IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Trust Fintech Limited IPO is expected to be finalized on April 02, 2024. Trust Fintech Limited IPO will list on NSE SME with tentative listing date fixed as April 04, 2024.
| IPO Details | allotment |
| Minimum Investment ₹121,200 /1 Lot (1200 shares) | Price Range ₹95-₹101 | |
| Max Quantity 1 Lots/1200 Shares | Max Investment ₹121,200 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 63.45 Cr | Employee Discount ₹0 |
| Total Issue Size 6,282,000 Shares (aggregating up to ₹63.45 Cr) | Share Holding Pree Issue 17,543,200 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 6,282,000 Shares (aggregating up to ₹63.45 Cr) | Share Holding Post Issue 23,825,200 | Listing At NSE SME |
| Market Maker Portion 318,000 Shares (Ss Corporate Securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 26 March 2024 |
| Offer Ends | 28 March 2024 |
| Allotment | 02 April 2024 |
| Refunds | 03 April 2024 |
| Credit of shares to Demat account | 03 April 2024 |
| IPO Listing | 04 April 2024 |
About Trust Fintech Limited
Incorporated in 1998, 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
Since they provide banking solutions, therefore all the product solutions are built by keeping in mind the RBI compliance requirements, which the banks have to follow also the product is designed in configurable architecture, which gives the flexibility to incorporate the changes that may be required to be complied by the banks, under the change in the policy and compliances as notified by the RBI. Also, their Core Banking Product (TrustBankCBS) is flexible enough to be customized for the Central Bank requirements, by customizing this software, they have served this software in India Srilanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.
| Incorporated in | Managing Director |
| 1998 | Mr. |
Share Holding
The promoters of the company are Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shankar Kane and Mr. Mandar Kishor Deo.
| Share Holding Pre-Issue | 93.51% |
| Share Holding Post-Issue | 68.85% |
Trust Fintech Limited IPO Prospectus
| Trust Fintech Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹2,270.19 | ₹1,800.00 | ₹2,417.94 |
| Assets | ₹3,118.89 | ₹1,958.72 | ₹1,590.01 |
| Profit | ₹402.21 | ₹133.66 | ₹219.66 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 240.63 Cr | ROE | 23.61% |
| P/E (X) | 44.05 | ROCE | 28.54% |
| POST P/E (X) | 16.53 | EPS | 2.29 |
| Debt to Equity | RONW | 27.51% |
Objects of the Issue
The Objects of the company is to raise funds for:
- To set up additional Development facilities, installment of fit-outs, and interior design works in Nagpur, Maharashtra.
- Investment in procuring hardware and upgrading IT infra;
- Funding of expenditure related to enhancement, maintenance, and upgrading existing Products;
- To meet the Global & Domestic Business Development, Sales, and Marketing expenses for the company; and
- General Corporate Expenses
Brokerage Firm IPO Review
- To be updated soon
| Trust Fintech Limited Contact Details | |
| Address | Trust Fintech Limited Trust Fintech Limited Plot No. 11/4, I.T. Park, k, Gayatri Nagar Parsodi, Nagpur- 440022 |
| Phone: | +91 – 9909647348 |
| cs@softtrust.com | |
| Website | https://www.softtrust.com/ |
| Trust Fintech Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Trust Fintech Limited IPO Allotment Status Check |
| Trust Fintech Limited IPO Allotment Status Check Click Here |
| Trust Fintech Limited Lead Managers | |
| Corporate CapitalVentures Pvt Ltd 160, Lower Ground Floor, Vinoba Puri, Lajpat Nagar � II, New Delhi 110 024 | |
| Phone | +91 11 4170 4066 |
| info@ccvindia.com | |
| Website | http://ccvindia.com/ |
Trust Fintech Limited IPO FAQs
What is Trust Fintech Limited IPO?
- Trust Fintech Limited IPO is an NSE SME IPO. They are going to raise ₹63.45 Crores via IPO. The issue is priced at ₹95 to ₹101 per equity share. The IPO is to be listed on NSE.
- The IPO opens on March 26, 2024, and closes on March 28, 2024.
When Trust Fintech Limited IPO will open?
- The IPO is to open on March 26, 2024, for QIB, NII, and Retail Investors. and closes on March 28, 2024
What is Trust Fintech Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Trust Fintech Limited IPO Size?
- Trust Fintech Limited IPO size is ₹63.45 crores.
What is Trust Fintech Limited Limited IPO Price Band?
- Trust Fintech Limited IPO Price Band is ₹95 to ₹101 per equity share.
What is Trust Fintech Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1200 Shares) with ₹121,200. and Maximum Lot Size 1 Lots (1200 Shares) with ₹121,200
What is Trust Fintech Limited IPO Allotment Date?
- Trust Fintech Limited IPO allotment date is April 02, 2024.
What is Trust Fintech Limited IPO Listing Date?
- Trust Fintech Limited IPO listing date is April 04, 2024. The IPO to list on NSE.