Trust Fintech Ltd

IT - Software

Offer Period :

26th to 3rd Mar 2024

Established in 1998, Trust Fintech Limited specializes in Core Banking Software, ERP Implementation, and IT Solutions for BFSI. With 10+ banking products, including TrustBankCBS, Read more... it serves 200+ global BFSI clients across 25+ countries, holding ISO certifications. Offices in Nagpur, Pune, Mumbai, housing 250+ employees.Read less

Trust Fintech Ltd IPO Details

IPO Date 26th to 3rd Mar 2024 Minimum Investment ₹121200 / 1 Lots
Listing Date 2024-04-04 Maximum Investment ₹121200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹63.45 Crores
Price ₹101 to ₹101 per share Fresh Issue ₹63.45 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 26th to 3rd Mar 2024
Listing Date 2024-04-04
Face Value ₹10 per share
Price ₹101 to ₹101 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹121200 / 1 Lots
Maximum Investment ₹121200 / 1 Lots
Total Issue Size ₹63.45 Crores
Fresh Issue ₹63.45 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

26th Mar

IPO Starts

28th Mar

IPO Ends

2nd Apr

Allotment Date

3rd Apr

Initiation of Refund

3rd Apr

Credit of Shares to Demat Account

4th Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 92.98 68.46
Public Group 7.02 31.54

Trust Fintech Ltd IPO Reservation

QIB Shares Offered 1192800(18.99%)
NII (HNI) Shares Offered 895200(14.25%)
Retail Shares Offered 2088000(33.24%)
Anchor Investor Shares Offered 1788000(28.46%)
Total Shares Offered 6282000
Total Shares With Anchor Investor 6282000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Trust Fintech Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 - 22 - 6263 8200;
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Trust Fintech Ltd IPO Lead Manager

1. Corporate Capitalventure Pvt Ltd

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Trust Fintech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Trust Fintech Ltd

1. Experienced Promoter and management team with strong industry expertise and successful track record.

2. Established Global Presence.

3. Experienced Promoters (experience of over 31 years in Software Delivery).

4. Versatile, Technically Sound and young operation Team, which understands creativity at its excellence.

5. Well versed and equipped with advance technology.

6. Track record of growth and profitability.

Risks Involved

1. The company has applied for registration of logo under the Class 42 and the company does not own the trademark legally as on date. Its may be unable to adequately protect the company intellectual property. Furthermore, its may be subject to claims alleging breach of third-party intellectual property rights.

2. Significant disruptions in its information technology systems or breaches of data security could affect its business and reputation.

3. Substantial portion of its revenues has been dependent upon the company Core Banking software i.e. Trust Bank CBS. The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.

4. Substantial portion of its revenues has been dependent upon the company few clients (Top 10). The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.

5. Majority of its domestic sales for the last 3 years and stub period is dependent majorly on Top 2 States. Any loss of business from may adversely affect its revenues and profitability.

6. Its business is completely dependent on the company's ability to customize its software products as per requirements of the customer based on latest technology and statutory requirements. If the company is not able to update its existing products in response to evolving industry requirements, its operating results may be negatively affected.

7. Non-availability of secretarial records of the company filed with ROC since incorporation and non-updating of recent records at MCA.

8. Its Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.

9. Its revenues are dependent on clients concentrated in the BFSI segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.

10. The company yet to place orders for Rs.430.32 of the hardware, server, Microsoft license, Antivirus, computer, Networking accessories, UPS, Generator and Legal software to support the product development work and for its proposed facility at Mihan SEZ, Nagpur. Any delay in placing orders or procurement of such hardware or Microsoft license may delay the schedule of implementation and possibly increase the cost of commencing operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Trust Fintech Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-04 92787 TRUST
INE0SWN01019
₹101 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹101 ₹101
Open ₹0 ₹143.25
Low ₹0 ₹136.2
High ₹0 ₹150.4
Low ₹0 ₹136.2

Frequently Asked Questions

What is Trust Fintech Ltd IPO?

Answer Field

Trust Fintech Ltd IPO is a SME IPO of 62,82,000 equity shares of a face value of ₹10 aggregating up to ₹63.45 Crores. The issue is priced at ₹101 to ₹101 per share. The minimum order quantity is 1200 Shares. The IPO opens on March 26, 2024, and closes on March 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Trust Fintech Ltd IPO will open?

Answer Field

The Trust Fintech Ltd IPO opens on March 26, 2024 and closes on March 28, 2024.

What is the lot size of Trust Fintech Ltd?

Answer Field

Trust Fintech Ltd lot size is 1200 shares, and the minimum amount required is ₹1,21,200.

How to apply for Trust Fintech Ltd IPO?

Answer Field

You can apply in Trust Fintech Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Trust Fintech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Trust Fintech Ltd IPO will be done on April 02, 2024, and the allotted shares will be credited to your demat account by April 03, 2024.

When is Trust Fintech Ltd IPO listing date?

Answer Field

The Trust Fintech Ltd listing date is April 04, 2024.

Who is the registrar of Trust Fintech Ltd IPO?

Answer Field

The registrar of Trust Fintech Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Corporate Capitalventure Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Trust Fintech Ltd IPO?

Answer Field

The fresh issue size is ₹63.45 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Trust Fintech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,21,200 amount.

How can I approve the UPI mandate request for Trust Fintech Ltd IPO?

Answer Field

To apply for Trust Fintech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Trust Fintech Ltd?

Answer Field

The price of each Trust Fintech Ltd share will be ranging in between ₹101 to ₹101 per share.

What is the cut-off time for the UPI mandate for Trust Fintech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 28, 2024.

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