Trust Fintech IPO Details, Date, Review, Price

Trust Fintech IPO Details, Date, Review, Price

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 DateMar 26, 2024
IPO Close DateMar 28, 2024
IPO Size6,282,000 shares
(Approx ₹63.45 Cr)
IPO Fresh Issue6,282,000 shares
(Approx ₹63.45 Cr)
Lot Size1200 Shares
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹95 to ₹101 Per Every Share
IPO Listing OnNSE SME
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%
DRHP DraftClick here
Anchor InvestorClick here

TRUST FINTECH IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11200₹121,200
Retail Maximum11200₹121,200
HNI Minimum22400₹242,400

OBJECTS OF THE ISSUE

  1.  To set up additional Development facilities, installment 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 Products.
  4.  To meet the Global & Domestic Business Development, Sales, and Marketing expenses for the company.
  5.  General Corporate Expenses.

TRUST FINTECH IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateMarch 26, 2024
IPO Close DateMarch 28, 2024
Basis of AllotmentApril 2, 2024
RefundsApril 3, 2024
Credit to Demat AccountApril 3, 2024
IPO Listing DateApril 4, 2024

TRUST FINTECH FINANCIAL REPORTS 

₹ in Crores
YearRevenueExpensePAT
2023₹22.70₹17.29₹4.02
2022₹18.00₹16.21₹1.34
2021₹24.18₹21.24₹2.20

OUR PROMOTERS

  1.  Mr. Hemant Padmanabh Chafale
  2.  Mr. Sanjay Padmanabh Chafale
  3.  Mr. Heramb Ramkrishna Damle
  4.  Mr. Anand Shankar Kane
  5.  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

 

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