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Trust Fintech Ltd

Trust Fintech Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹101
₹101
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹101
Based on GMP
Min. Investment
₹121,200
1 lot × 1200 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 Mar 2024
Close Date
28 Mar 2024
Allotment
02 Apr 2024
Listing Date
04 Apr 2024
Exchange
NSE SME
Price Band
₹101
Listing Price
See chart
Allotment Status
Price Band
₹101
Per share
Face Value
₹10 per share
 
Lot Size
1,200 Shares
per lot
Issue Size
62,82,000 shares (aggregating up to ₹63.45 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹121,200
1 lot
Pre-IPO Holding
1,75,43,200 shares
Promoters
Post-IPO Holding
2,38,25,200 shares
Promoters
P/E (Pre)
44.05x
 
P/E (Post)
16.53x
 
EPS (Pre)
₹2.29
 
EPS (Post)
₹6.11
 
UPI Deadline
2024-03-28
Mandate
Anchor AllotmentMon, 25 Mar 2024
Basis of AllotmentTue, 02 Apr 2024
Refund InitiationWed, 03 Apr 2024
Demat CreditWed, 03 Apr 2024
Listing DayThu, 04 Apr 2024
UPI Mandate Deadline2024-03-28
Sale TypeFresh Capital
Net Offer to Public59,64,000 shares (aggregating up to ₹60.24 Cr)
Market Maker Quota3,18,000 shares (aggregating up to ₹3.21 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Trust Fintech Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Mar 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
318,000
₹3.21
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
6,282,000
100% ₹63.45
IPO Shares Offered
Trust Fintech Ltd IPO total issue size: ₹63.45 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 318,000 ₹3.21
5.06%
Total 6,282,000 ₹63.45
100.00%
* Based on upper price band ₹101 per share
Lot Size & Investment
Lot Size
1,200
Shares per Lot
Issue Price
₹101.00
Upper Band
Min Investment
₹121,200
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,400₹242,400
Retail (Max — 13 Lots)1315,600₹1,575,600
S-HNI (Min — 14 Lots)1416,800₹1,696,800
B-HNI (Min — 68 Lots)6881,600₹8,241,600
* Issue Price ₹101 × Lot Size 1,200 shares
IPO Schedule
Anchor
25 Mar 2024
✓ Done
IPO Open
26 Mar 2024
✓ Done
IPO Close
28 Mar 2024
✓ Done
Allotment
02 Apr 2024
✓ Done
Refunds
03 Apr 2024
✓ Done
Demat Credit
03 Apr 2024
✓ Done
Listing Day
04 Apr 2024
✓ Done
Trust Fintech Ltd — Live Price LIVE
₹101.00
INR · NSE
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Issue ₹101.00 Live Price
About Trust Fintech Ltd
Incorporated in 1998, Trust Fintech Limited is a software development company that specializes in providing Core Banking Software, IT Solutions, ERP Implementation, Customized Software Solutions Development, SAP B1, and Offshore IT services for the BFSI sector.The company offers 10+ banking products for commercial, cooperative banks, and financial institutions. These include Core Banking, Loan Origination, GST Compliance, Financial Accounting, Billing, SAP B1 services, add-on modules for statutory report generation, ATM reconciliation, anti-money laundering, agency banking, and mobile banking.The company's product portfolio consists ofBanking SoftwareSoftware as a ServiceThe Flagship product of the company TrustBankCBS is a web-based software, and it is available "on-premises with infrastructure", i.e. it offers the flexibility to the customer to deploy TrustBankCBS on their own premises with customized infrastructure.The company has provided services in India, Srilanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.It has a global footprint in more than 25 countries and a global customer base of more than 200 BFSI with Core Banking.The company has obtained various quality certifications, such as ISO 27001:2013 and ISO 9001:2015.The organization operates through offices in Nagpur, Pune, and Mumbai, with a total area of 1064.42 sq. meters and more than 250 employees.
Objects of the Issue
1
To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.
2
Investment in procuring hardware and upgrading IT infra;
3
Funding of expenditure related to enhancement, maintenance and upgrading existing Product;
4
To meet the Global & Domestic Business Development, Sales and Marketing expenses for the company; and
5
General Corporate Expenses
Trust Fintech Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹2,270.2
31 Mar 2022
₹2,270.2
31 Mar 2023
₹1,958.7
30 Sep 2023
Profit After Tax (PAT)
₹133.7
31 Mar 2022
₹402.2
31 Mar 2023
₹728.0
30 Sep 2023
Particulars30 Sep 202331 Mar 202331 Mar 2022
Revenue from Operations 1958.72 2270.19 2270.19
EBITDA N/A N/A N/A
Profit After Tax (PAT) 727.95 402.21 133.66
Net Worth 133.66 2718.60 1516.39
Total Assets 3989.43 3118.89 1958.72
Reserves & Surplus 2928.06 2200.11 997.90
Borrowings -34.32 -3.80 118.69
EBITDA Margin (%) N/A
PAT Margin (%) 38.66%
P/BV Ratio
1.98
RoE
23.61%
RoCE
28.54%
RoNW
27.51%
PAT Margin
38.66%
Issue Structure & Shareholding
Total Shares Offered62,82,000 (100.00%)
Net Offer to Public59,64,000 shares (aggregating up to ₹60.24 Cr)
Reserved for Market Maker3,18,000 shares (aggregating up to ₹3.21 Cr)
Pre-Issue Promoter Holding1,75,43,200 shares
Post-Issue Promoter Holding2,38,25,200 shares
P/BV Ratio1.98
RoE23.61%
RoCE28.54%
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Corporate Capitalventures Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Trust Fintech Ltd IPO subscribed?

Trust Fintech Ltd IPO is subscribed 1.00 times by Mar 28, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Trust Fintech Ltd IPO retail subscription status?

The Trust Fintech Ltd IPO retail category is subscribed 1.00 times as of 28 Mar 2024. The retail portion is oversubscribed.

How to subscribe Trust Fintech Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 Mar 2024 and closes 28 Mar 2024. Min investment: ₹121,200 (1 lot = 1,200 shares). UPI mandate: 2024-03-28.

How many times Trust Fintech Ltd IPO subscribed?

The Trust Fintech Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Trust Fintech Ltd IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Apr 2024. Refunds: on 03 Apr 2024.

When Trust Fintech Ltd IPO will be listed?

The Trust Fintech Ltd IPO listing date is 04 Apr 2024, Thursday. Listed on: NSE SME. Issue price: ₹101. Estimated listing: ₹101. GMP: NIL.

When Trust Fintech Ltd IPO close?

The Trust Fintech Ltd IPO closes on 28 Mar 2024, Thursday. UPI mandate: 2024-03-28. Allotment: 02 Apr 2024. Listing: 04 Apr 2024.