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Trust Fintech Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹101
Per Share
GMP
NIL
Grey Market
Est. Listing
₹101
Expected Price
Min. Application
₹242,400
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹101 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size62,82,000 shares (aggregating up to ₹63.45 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 26 Mar 2024
Subscription CloseThu, 28 Mar 2024
Anchor AllotmentMon, 25 Mar 2024
Basis of AllotmentTue, 02 Apr 2024
Initiation of RefundsWed, 03 Apr 2024
Credit of Shares to DematWed, 03 Apr 2024
Listing DateThu, 04 Apr 2024
UPI Mandate Deadline2024-03-28
Application & Investment Details
Retail — Min (1 Lots)₹1,21,200 — 1,200 shares
Retail — Max (13 Lots)₹1,575,600 (13 Lots)
HNI — Min (2 Lots)₹2,42,400 — 2,400 shares
EPS (Pre-IPO)₹2.29
EPS (Post-IPO)₹6.11
P/E Ratio (Pre-IPO)44.05x
P/E Ratio (Post-IPO)16.53x
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-IPO Promoter Holding1,75,43,200 shares
Post-IPO Promoter Holding2,38,25,200 shares
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

Trust Fintech Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,75,43,200 shares
Post-IPO Promoter Holding 2,38,25,200 shares
Check AllotmentCheck Status →
Trust Fintech Ltd — Live Price LIVE
₹101.00
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Issue ₹101.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹101
GMPNIL
Est. Listing₹101
Lot Size1,200 shares
Min Amount₹242,400
Listing Date04 Apr 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹101
Listing Date04 Apr 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 318,000 ₹3.21 Cr
TOTAL 6,282,000 100.00% ₹63.45 Cr
* Based on ₹101.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,200
Shares
Issue Price
₹101.00
Per Share
Min Investment
₹121,200
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,200 ₹121,200
Retail (Max) 13 15,600 ₹1,575,600
sNII (Min) 14 16,800 ₹1,696,800
bNII (Min) 68 81,600 ₹8,241,600
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
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
Total Borrowings -34.32 -3.80 118.69
Key Ratios & Valuation
Issue Price ₹101
Face Value ₹10 Per Share
P/BV 1.98
RoE 23.61%
RoCE 28.54%
RoNW 27.51%
PAT Margin (%) 38.66%
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Trust Fintech Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi, Nagpur, Maharashtra, 440022
Book Running Lead Managers
Corporate Capitalventures Pvt.Ltd
Book Running Lead Manager (BRLM)