May 22, 2024

 

Trust Fintech Ipo
Trust Fintech Ipo

Trust Fintech IPO description – Trust Fintech, headquartered in Nagpur, specializes in SaaS products, with a focus on providing core banking software, IT solutions, ERP implementation, customized software solutions development, SAP B1, and offshore IT services for the BFSI sector.

The company has invested in developing over 10 banking-related products for commercial and cooperative banks and financial institutions. These products include core banking software, loan origination software, GST compliance software, financial accounting and billing software, GST Suvidha provider services, SAP B1 services, various add-on modules for statutory report generation, ATM reconciliation, anti-money laundering, agency banking, and mobile banking.

It has a global presence in over 25 countries and serves a global customer base of over 200 BFSI institutions with core banking solutions. Trust Fintech has provided services in India, Sri Lanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and several other countries.

The company’s flagship product, TrustBankCBS, is a web-based software. It is available in an ‘on-premises with infrastructure’ model, offering customers the flexibility to deploy TrustBankCBS on their premises with customized infrastructure. As of January 2024, the company has a total of 228 employees on a payroll basis and 35 employees on a contract basis at its Nagpur office.

Trust Fintech Limited IPO Details

Trust Fintech IPO Dates 26 – 28 March 2024
Trust Fintech Issue Price INR 95 – 101 per share
Fresh issue 6,282,000 shares (INR 59.68 – 63.45 crore)
Offer For Sale NIL
Total IPO size 6,282,000 shares (INR 59.68 – 63.45 crore)
Minimum bid (lot size) 1,200 shares (INR 121,200)
Face Value  INR 10 per share
Retail Allocation 35%
Listing On NSE SME

 

Trust Fintech Limited IPO Timetable

IPO Open Date Tuesday, March 26, 2024
IPO Close Date Thursday, March 28, 2024
Basis of Allotment Tuesday, April 2, 2024
Initiation of Refunds Wednesday, April 3, 2024
Credit of Shares to Demat Wednesday, April 3, 2024
Listing Date Thursday, April 4, 2024

Trust Fintech Limited IPO Financials Performance ( Results )

                                                                                                                                          All Amount in ₹ Lakh

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 3,989.43 3,118.89 1,958.72 1,590.01
Revenue 1,883.13 2,270.19 1,800.00 2,417.94
Profit After Tax 727.95 402.21 133.66 219.66
Net Worth 3,446.55 2,718.60 1,516.39 1,382.73
Reserves and Surplus 2,928.06 2,200.11 997.90 864.25
Total Borrowing -34.32 -3.80 118.69 -44.34

Trust Fintech Limited IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

 

Trust Fintech Limited IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹121,200
Retail (Max) 1 1200 ₹121,200
HNI (Min) 2 2,400 ₹242,400

Trust Fintech Limited IPO Subscription Status (Bidding Detail)

Category Subscription
QIB 0.00x
NII 0.00x
Retail 0.00x
Total 0.00x

 

Trust Fintech Limited IPO GMP Live Update

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
26-03-2024 101.00 ₹40  arrow up 36500 ₹141 (0%) 26-Mar-2024 8:58
25-03-2024 101.00 ₹40  arrow up 36500 ₹141 (0%) 26-Mar-2024 0:33
24-03-2024 101.00 ₹40  arrow up 36500 ₹141 (41.58%) 25-Mar-2024 0:28
23-03-2024 101.00 ₹40 line 36500 ₹141 (39.6%) 24-Mar-2024 0:28
22-03-2024 101.00 ₹40 line 36500 ₹141 (39.6%) 23-Mar-2024 0:28
21-03-2024 101.00 ₹40 arrow down 36500 ₹141 (39.6%) 22-Mar-2024 0:29
20-03-2024 101.00 ₹42  arrow up 38300 ₹143 (41.58%) 21-Mar-2024 0:26
19-03-2024 ₹0 line ₹ (0%) 19-Mar-2024 7:03
18-03-2024 ₹0 line ₹ (0%) 18-Mar-2024 7:03
17-03-2024 ₹0 line ₹ (0%) 17-Mar-2024 7:04
16-03-2024 ₹0 line ₹ (0%) 16-Mar-2024 7:03

Trust Fintech Offer Lead Manager

CORPORATE CAPITALVENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 – 41824066
Email: smeipo@ccvindia.com
Website: www.ccvindia.com

 

Trust Fintech Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Trust Fintech Contact Details

TRUST FINTECH LIMITED
Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi,
Nagpur, Maharashtra, India, 440022
Phone: +91 – 9909647348
E-mail: cs@softtrust.com
Website: www.softtrust.com

 

 

IPO FAQs

What is the Trust Fintech offer size?

Trust Fintech’s offer size is INR 59.68 – 63.45 crores.

What is the Trust Fintech offer price band?

Trust Fintech’s public offer price is INR 95 – 101 per share.

 

What is the lot size of the Trust Fintech IPO?

Trust Fintech offers lot size is 1,200 shares.

What is Trust Fintech IPO GMP today?

Trust Fintech IPO GMP today is INR 40 per share.

What is the Trust Fintech kostak rate today?

Trust Fintech kostak rate today is NA per application.

 

What is Trust Fintech Subject to the Sauda rate today?

Trust Fintech is Subject to the Sauda rate today is INR 35,000 per application.

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