Trust Fintech IPO Details | GMP, Date, Price, Review

Trust Fintech IPO

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Trust Fintech IPO Details ( Trust Fintech Limited IPO Review )

(26 Mar 2024 – 28 Mar 2024)

Founded in 1998, Trust Fintech Limited is a tech company that makes software for banks and financial companies. They offer things like banking software, IT solutions, and special software for businesses. They even do services like helping set up SAP B1 and doing IT work for banks.

They have over 10 products for banks, including stuff like accounting software, billing systems, and services to help with things like tax compliance. Their main product, TrustBankCBS, is a web-based software that banks can use either on their own computers or on Trust Fintech’s computers.

Trust Fintech has worked in a bunch of countries like India, Nepal, and even places in Africa like Ghana and Nigeria. They’re pretty big, with customers in more than 25 countries and over 200 banks using their software.

They’re serious about quality too, having certifications for good standards like ISO 27001:2013 and ISO 9001:2015.

The company has offices in Nagpur, Pune, and Mumbai, with a total space of about 1064.42 square meters and over 250 people working there.

Trust Fintech Limited IPO Competitive Strength

  • We are a one stop shop solution provider in secure Core Banking Solutions, ERP Implementation and Customized Software Solutions Development
  • Strong and long-standing customer relationships
  • Government Empanelment’s
  • Quality Assurance and Quality Certification
  • Experienced Promoters and senior management team with strong industry expertise and successful track record
  • Growing our business through intellectual property capabilities
  • Pricing
  • Marque Clientele

Trust Fintech IPO Financials Performance ( Results )

Trust Fintech Limited Financial Information (Restated Standalone)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATNet WorthReservesBorrowing

Objective of Trust Fintech IPO 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 the Global & Domestic Business Development, Sales and Marketing expenses for the company; and
  • General Corporate Expenses

Trust Fintech IPO Basic Details

IPO DateMar 26, 2024 to Mar 28, 2024
Listing DateThursday, April 4, 2024
Face Value₹10 per share
Price₹95 to ₹101 per share
Lot Size1200 Shares
Issue Size6,282,000 shares of ₹10
(aggregating up to ₹63.45 Cr)
Fresh Issue6,282,000 shares of ₹10
(aggregating up to ₹63.45 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,543,200
Share holding post issue23,825,200
Company PromotersMr. Hemant Padmanabh Chafale,
Mr. Sanjay Padmanabh Chafale,
Mr. Heramb Ramkrishna Damle,
Mr. Anand Shankar Kane and
Mr. Mandar Kishor Deo

Trust Fintech IPO Reservation

Anchor Investor Shares Offered28.46% of the Net Issue
Market Maker Shares Offered5.06% of the Net Issue
QIB Shares Offered18.99% of the Net Issue
NII (HNI) Shares Offered14.25% of the Net Issue
Retail Shares Offered33.24% of the Net Issue

Trust Fintech IPO Timetable

Trust Fintech IPO will open on March 26, 2024 and close on March 28, 2024. You can join Trust Fintech IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date26 March 2024 (Tuesday)
Closing Date28 March 2024 (Thursday)
Basis of Allotment2 April 2024 (Tuesday)
Initiation of Refunds3 April 2024 (Wednesday)
Credit of Shares to Demat3 April 2024 (Wednesday)
Listing Date4 April 2024 (Thursday)
Deadline for UPI mandate confirmation5 PM on 28 March 2024

Trust Fintech IPO Lot Size

For retail investors in Trust Fintech IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹121,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,200.

Retail (Min)11200₹121,200
Retail (Max)11200₹121,200
S-HNI (Min)22400₹242,400

Trust Fintech IPO Promoter Holding

The company’s promoters include Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shankar Kane and Mr. Mandar Kishor Deo.

Pre Issue Share Holding93.51%
Post Issue Share Holding68.85%

Trust Fintech Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)240.63
Earning Per Share (EPS)₹7.76 per Equity Share
Net Asset Value (NAV)₹37.00 per Equity Share
P/E Ratio (P/E) (x)44.05
Post P/E Ratio (P/E) (x)16.53
Return on Net Worth (RoNW) (%)27.51
Return on equity (ROE) (%)23.61
Return on Capital Employed (ROCE) (%)28.54
Price/Book Value Ratio1.98

Trust Fintech IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
27 March 2024₹45
26 March 2024₹40

Trust Fintech IPO Detail Video:


Trust Fintech IPO Subscription Status (Bidding Detail)

The Trust Fintech IPO on March 28, 2024 at 7:00:00 PM was subscribed 108.63 times, with the retail category being subscribed 75.10 times, the NII (Non-Institutional Investor) category being subscribed 244.48 times, QIB (Qualified-Institutional Buyers) category being subscribed 65.38 times.


Trust Fintech IPO Prospectus

Trust Fintech IPO DRHPDownload
Trust Fintech IPO RHPDownload
Trust Fintech IPO Anchor Investors Details PDFDownload

Trust Fintech IPO Rating

Our Rating3.5/5.0

Trust Fintech Company Contact Information

Trust Fintech Limited

Trust Fintech Limited

Registered Office: Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi, Nagpur, Maharashtra, India, 440022
Tel: +91 – 9909647348
Contact Person: Ms. Deshana Keval Joshi, Company Secretary and Compliance Officer
Our Promoters: Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shankar Kane and Mr. Mandar Kishor Deo

Trust Fintech IPO Registrar

Bigshare Services Private Limited

Registered Office: Office No. S6- 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093, India.
Tel No.: +91 – 22 – 6263 8200;
Fax No.: +91 – 22 – 6263 8299
Investor Grievances Email Id:
SEBI Registration No.: INR000001385
Contact Person: Mr. Vinayak Morbale

Trust Fintech IPO Lead Manager

Corporate Capitalventures Private Limited

Registered Office: B1/E13, First Floor, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044,
Tel: +91 11 – 41824066
Investor Grievances Email id:
SEBI Registration: INM000012276
Contact Person: Mrs. Harpreet Parashar

Trust Fintech IPO FAQs

What is the lot size of Trust Fintech IPO?

The total size of Trust Fintech IPO is ₹63.45 crores and this is a complete fresh Issue.

When will Trust Fintech IPO start?

Trust Fintech IPO will open from 26 March 2024 and IPO will close on 28 March 2024.

What is the open date of Trust Fintech IPO?

Trust Fintech IPO will open date from 26 March 2024.

What is the last date ( close date ) of Trust Fintech IPO?

Trust Fintech IPO will close from 28 March 2024.

What is the price band of Trust Fintech IPO?

Trust Fintech IPO price band is ₹95 to ₹101. ( Upper Price Band: ₹101, Lower Price Band: ₹95 )

What is the minimum amount required to apply for Trust Fintech IPO?

The minimum investment for retailers to apply for Trust Fintech IPO is ₹121,200 and the maximum investment is ₹121,200.

What is going on gray market premium of Trust Fintech IPO?

View gray market premium of Trust Fintech IPO by Clicking Here

How much is the GMP of Trust Fintech IPO?

Watch Trust Fintech IPO GMP Today: Click Here

What is the allotment date of Trust Fintech IPO?

The allotment date of Trust Fintech IPO is 2 April 2024.

How to check allotment status in Trust Fintech IPO?

To check the allotment status of Trust Fintech IPO, first of all go to the registrar website by clicking here, select your bad Trust Fintech IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Trust Fintech IPO?

The listing date of Trust Fintech IPO is 4 April 2024.

How much will be the listing gain in Trust Fintech IPO?

View listing gain of Trust Fintech IPO by Clicking Here

How much time Trust Fintech IPO is subscribed?

Total 108.63 times subscribed in Trust Fintech IPO out of which 75.10 times subscription was done in retail quota, 244.48 times subscription in NII quota and 65.38 times subscription in QIB quota.

How to apply for Trust Fintech IPO from Upstox?

Click Here to see how to apply for Trust Fintech IPO from Upstox. (step by step)

How to apply for Trust Fintech IPO from Zerodha?

Click Here to see how to apply for Trust Fintech IPO from Zerodha. (step by step)

How to apply for Trust Fintech IPO from Angle One?

Click Here to see how to apply for Trust Fintech IPO from Angle One. (step by step)

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