Last updated on April 4, 2024
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.
Promoters of Trust Fintech – Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shanker Kane, and Mr. Mandar Kishor DEO
Table of Contents
Trust Fintech 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 Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 23.95 | 17.63 | 22.54 | 18.82 |
| Expenses | 21.24 | 16.21 | 17.29 | 9.10 |
| Net income | 2.20 | 1.34 | 4.02 | 7.28 |
Trust Fintech Offer News
- Trust Fintech RHP
- Trust Fintech Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Trust Fintech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.21 | 2.58 | 7.76 |
| PE ratio | – | – | 12.24 – 13.02 |
| RONW (%) | 15.89 | 8.81 | 20.96 |
| NAV | 26.66 | 29.24 | 37.00 |
| ROCE (%) | 6.00 | 4.40 | 11.50 |
| EBITDA (%) | 13.00 | 12.89 | 26.36 |
| Debt/Equity | 0.40 | 0.85 | 0.77 |
Trust Fintech IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 April 2024 | 57 | – | 55,500 |
| 2 April 2024 | 57 | – | 55,000 |
| 1 April 2024 | 50 | – | 48,000 |
| 30 March 2024 | 44 | – | 40,000 |
| 29 March 2024 | 44 | – | 40,000 |
| 28 March 2024 | 44 | – | 40,000 |
| 27 March 2024 | 43 | – | 39,000 |
| 26 March 2024 | 40 | – | 36,000 |
| 23 March 2024 | 40 | – | 36,000 |
| 22 March 2024 | 40 | – | 35,500 |
| 21 March 2024 | 40 | – | 35,000 |
Trust Fintech IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,192,800 | 895,200 | 2,088,000 | 4,176,000 |
| 28 Mar 2024 | 65.38 | 244.83 | 75.09 | 108.71 |
| 27 Mar 2024 | 0.32 | 14.54 | 18.18 | 12.30 |
| 26 Mar 2024 | 0.00 | 2.73 | 5.34 | 3.25 |
The market maker reservation portion of 318,000 shares is not included in the above calculations.
Trust Fintech IPO Allotment Status
Trust Fintech IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Trust Fintech IPO Dates & Listing Performance
| IPO Opening Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Finalization of Basis of Allotment | 2 April 2024 |
| Initiation of refunds | 3 April 2024 |
| Transfer of shares to demat accounts | 3 April 2024 |
| IPO Listing Date | 4 April 2024 |
| Opening Price on NSE SME | INR 143.25 per share (up 41.83%) |
| Closing Price on NSE SME | INR 150.40 per share (up 48.91%) |
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:Â [email protected]
Website:Â 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â 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: [email protected]
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 57 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 55,500 per application.
