Company Overview
Incorporated in 1998 Trust Fintech Limited is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector.
TFL was founded focus on delivering secured core banking solutions & world-class technology solutions to a virtually integrated banking and financial eco-system
Trust Fintech is consistently expanding its business footprints in India and Globally by adapting to ever-changing regulatory compliances for the global BFSI sector.
We have invested in developing more than 10+ (ten) banking related products for Commercial and Cooperative Banks and Financial Institutions, which comprise Core Banking Software, Loan Origination software, GST compliance software, Financial Accounting & Billing Software, GST Suvidha provider, SAP B1 Services (for Implementation, Support and Add-on Development), Various add-on modules for Statutory Report Generation, ATM Reconciliation, Anti-Money Laundering, Agency Banking, Mobile Banking leveraging end to end solutions to address the evolving needs of banking Solutions.
Trust Fintech is consistently expanding its business footprints in India and Globally by adapting to ever-changing regulatory compliances for the global BFSI sector. Our organization currently operates through its offices located in Nagpur, Pune, and Mumbai spread across a total area of 1064.42 sq. mtr. accommodating a workforce of over 250+ employees.
TRUST FINTECH IPO DATE & PRICE BAND DETAILS
IPO Open Date Mar 26, 2024 IPO Close Date Mar 28, 2024 IPO Size 6,282,000 shares
(Approx ₹63.45 Cr)IPO Fresh Issue 6,282,000 shares
(Approx ₹63.45 Cr)Lot Size 1200 Shares IPO Face Value ₹10 Per Equity Share IPO Price Band ₹95 to ₹101 Per Every Share IPO Listing On NSE SME IPO Retail Quota 35% IPO QIB Quota 50% IPO NII Quota 15% DRHP Draft Click here Anchor Investor Click here
TRUST FINTECH IPO MARKET LOT DETAILS
Application Lot Size Shares Amount Retail Minimum 1 1200 ₹121,200 Retail Maximum 1 1200 ₹121,200 HNI Minimum 2 2400 ₹242,400
OBJECTS OF THE ISSUE
- To set up additional Development facilities, installment 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 Products.
- To meet the Global & Domestic Business Development, Sales, and Marketing expenses for the company.
- General Corporate Expenses.
TRUST FINTECH IPO ALLOTMENT & LISTING DATE (DETAILS)
IPO Open Date March 26, 2024 IPO Close Date March 28, 2024 Basis of Allotment April 2, 2024 Refunds April 3, 2024 Credit to Demat Account April 3, 2024 IPO Listing Date April 4, 2024
TRUST FINTECH FINANCIAL REPORTS
₹ in Crores Year Revenue Expense PAT 2023 ₹22.70 ₹17.29 ₹4.02 2022 ₹18.00 ₹16.21 ₹1.34 2021 ₹24.18 ₹21.24 ₹2.20
OUR PROMOTERS
- Mr. Hemant Padmanabh Chafale
- Mr. Sanjay Padmanabh Chafale
- Mr. Heramb Ramkrishna Damle
- Mr. Anand Shankar Kane
- Mr. Mandar Kishor Deo
Qualitative Factors:-
Some of the qualitative factors which form the basis for computing the Issue Price are:
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Established Global Presence.
- Experienced Promoters (experience of over 31 years in Software Delivery).
- Versatile, Technically Sound, and Young Operation Team, which understands creativity at its excellence.
- Well-versed and equipped with advanced technology.
- Track record of growth and profitability.
Trust Fintech IPO Peer Comparison with Industry
Company Name
Face Value
EPS
P/E Ratio
Ro NW (%)
NAV Per
Revenue (₹ In Lakhs)
Trust Fintech Ltd
10
7.76
[●]
20.96
37
2,270.19
Network People
Services Technologies
Ltd
10
15.72
51.50*
20.96
59.58
5329.77
Veefin Solutions
Limited
10
0.17
649.85*
0.79
31.11
585.78
TRUST FINTECH COMPANY CONTACT DETAILS
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
TRUST FINTECH IPO REGISTAR
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Jibu John
Email: ipo@bigshareonline.com
Website:www.bigshareonline.com
