Trust Fintech
Trust Fintech Info
Details about the Trust Fintech IPO. Opening Date of Trust Fintech is 26 Mar 24 and Closing Date is 28 Mar 24 . Face Value of Each share of Trust Fintech is ₹10 per share. Price band of Trust Fintech is ₹95 to ₹101. The Lot size of Trust Fintech is 1,200 shares. Total issue size of Trust Fintech IPO is ₹63.45 cr. Fresh Issue of Trust Fintech IPO is 63.45 cr. This is a Book Building IPO. Expected to list on NSE SME. Share Holding Pre Issue of Trust Fintech is 17,543,200. Share Holding Post Issue of Trust Fintech is 23,825,200.
Business Summary
Trust Fintech Limited is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector
Company is majorly involved in the Implementation, and deployment of Core banking Software i.e. TrustBankCBS or MicroFinS.
Currently, Company is serving customers in more than 15 States of India and in more than 10 countries including California, Nepal, Gambia, Ghana, Liberia, Nigeria, Sri Lanka, Tanzania, Zimbabwe, Siberia, Central Africa Republic. Our organization currently operates through its offices located in Nagpur, Pune, and Mumbai spread across total area of 1064.42 sq. mtr. accommodating a workforce of over 250+ employees.
Trust Fintech IPO Details
| Open Date | 26 Mar 24 |
|---|---|
| Close Date | 28 Mar 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹95 - ₹101 |
| Lot Size | 1,200 Shares |
| Total issue Size | 6,282,000 Shares ₹63.45 cr |
| Fresh Issue | 6,282,000 Shares ₹63.45 cr |
| Issue Type | Book Building |
| Listing At | NSE SME |
| Share Holding Pre Issue | 17,543,200 |
| Share Holding Post Issue | 23,825,200 |
| Market Maker | SS Corporate Securities |
| Market Maker Portion | 318,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
Trust Fintech IPO Timeline
The Trust Fintech Initial Public Offering (IPO) is set to open on 26 Mar 24 and will end its subscription phase on 28 Mar 24. You can check your allotment status for Trust Fintech on 02 Apr 24. The refund process for your funds will start promptly on 03 Apr 24. Trust Fintech IPO credit of shares will be on 03 Apr 24. The listing date for Trust Fintech is on 04 Apr 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Trust Fintech IPO Reservation
The Trust Fintech IPO reserves shares for different investor categories. Approximately Not more than 50% of the Net Issue will be available for QIB, Not Less than 15% of the Net Issue will be available for NII, Not Less than 35% of the Net Issue will be available for Retail,
318,000 Shares will be reserved for subscription by SS Corporate Securities
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| NII | Not Less than 15% of the Net Issue |
| Retail | Not Less than 35% of the Net Issue |
Trust Fintech IPO Lot Size
Bids can be made for minimum of 1200 shares and in multiple of 1200 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 121,200 |
| Retail (Max) | 1 | 1,200 | 121,200 |
| HNI (Min) | 2 | 2,400 | 242,400 |
Trust Fintech IPO Promoters Holding
Promoters holding details for Trust Fintech in the current issue is as follows: The share holding of promoters before the issue stands at 93.5%, and after the issue, it has been adjusted to 68.8%.
Promoters of Trust Fintech are Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shanker Kane, Mr. Mandar Kishor Deo,
| Share Holding Pre Issue | 93.5% |
|---|---|
| Share Holding Post Issue | 68.8% |
Trust Fintech Financial Information
Financial performance details for Trust Fintech over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Sept 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 3,989.43 | 3,118.89 | 1,958.72 | 1,590.01 |
| Revenue | 1,883.13 | 2,270.19 | 1,800 | 2,417.94 |
| Profit After Tax | 727.95 | 402.21 | 133.66 | 219.66 |
Trust Fintech IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Trust Fintech are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 44.05 |
| ROCE | 28.54% |
| ROE | 23.61% |
| RoNW | 27.51% |
| EPS (Rs) | 2.29 |
Object of the Issue
- • To Setup additional Development facility, instalment 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 Product
- • To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company
- • General Corporate Expenses
Contact Details for Trust Fintech
Phone
Office
Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi, Nagpur, Maharashtra, India-440022
Registrar Details for Trust Fintech
Bigshare Services Pvt Ltd
Phone
Office
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Corporate Capitalventures Pvt Ltd