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

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 Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	1,590.01	2,417.94	219.66	1,382.73	864.25	-44.34
31-Mar-22	1,958.72	1,800.00	133.66	1,516.39	997.90	118.69
31-Mar-23	3,118.89	2,270.19	402.21	2,718.60	2,200.11	-3.80
30-Sep-23	3,989.43	1,883.13	727.95	3,446.55	2,928.06	-34.32

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 Date	Mar 26, 2024 to Mar 28, 2024
Listing Date	Thursday, April 4, 2024
Face Value	₹10 per share
Price	₹95 to ₹101 per share
Lot Size	1200 Shares
Issue Size	6,282,000 shares of ₹10 (aggregating up to ₹63.45 Cr)
Fresh Issue	6,282,000 shares of ₹10 (aggregating up to ₹63.45 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	17,543,200
Share holding post issue	23,825,200
Company 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 Reservation

Anchor Investor Shares Offered	28.46% of the Net Issue
Market Maker Shares Offered	5.06% of the Net Issue
QIB Shares Offered	18.99% of the Net Issue
NII (HNI) Shares Offered	14.25% of the Net Issue
Retail Shares Offered	33.24% 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.

Event	Date
Opening Date	26 March 2024 (Tuesday)
Closing Date	28 March 2024 (Thursday)
Basis of Allotment	2 April 2024 (Tuesday)
Initiation of Refunds	3 April 2024 (Wednesday)
Credit of Shares to Demat	3 April 2024 (Wednesday)
Listing Date	4 April 2024 (Thursday)
Deadline for UPI mandate confirmation	5 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.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹121,200
Retail (Max)	1	1200	₹121,200
S-HNI (Min)	2	2400	₹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 Holding	93.51%
Post Issue Share Holding	68.85%

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.

KPI	Values
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 Ratio	1.98

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

Date	GMP	Kostak	Subject to
Today	₹45	–	–
27 March 2024	₹45	–	–
26 March 2024	₹40	–	–

Trust Fintech IPO Detail Video:

link

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.

Category	Subscription
QIB	65.38x
NII	244.48x
Retail	75.10x
Total	108.63x

Trust Fintech IPO Prospectus

Trust Fintech IPO DRHP	Download
Trust Fintech IPO RHP	Download
Trust Fintech IPO Anchor Investors Details PDF	Download

Trust Fintech IPO Rating

Our Rating

3.5/5.0

Trust Fintech Company Contact Information

Trust Fintech Limited

Registered Office: Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi, Nagpur, Maharashtra, India, 440022
Tel: +91 – 9909647348
E-mail: cs@softtrust.com
Website: www.softtrust.com
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
E-mail: ipo@bigshareonline.com
Investor Grievances Email Id: investor@bigshareonline.com
Website: www.bigshareonline.com
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
Email: smeipo@ccvindia.com
Investor Grievances Email id: investor@ccvinndia.com
Website: www.ccvindia.com
SEBI Registration: INM000012276
Contact Person: Mrs. Harpreet Parashar

Trust Fintech IPO FAQs