Trust Fintech Limited IPO
- IPO Date26 Mar, 2024 to 28 Mar, 2024
- Listing Date04 Apr, 2024
- Face Value₹10 per share
- Issue Price₹95 to ₹101 per share
- Lot Size1200 Shares
- Minimum Investment₹1,21,200
- Listing AtNSE SME
- Total Issue Size62,82,000 Shares
(aggregating up to ₹63.45 Cr) - Fresh Issue62,82,000 Shares
(aggregating up to ₹63.45 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,75,43,200
- Shareholding post issue2,38,25,200
IPO Dates
Closing Date
28 Mar, 2024
Initiation of Refunds
03 Apr, 2024
Listing Date
04 Apr, 2024
26 Mar, 2024
Opening Date
02 Apr, 2024
Basis of Allotment
03 Apr, 2024
Credit of Shares
Trust Fintech Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,21,200 |
| HNI (Min) | 2 | 2400 | ₹2,42,400 |
| Retail (Max) | 1 | 1200 | ₹1,21,200 |
Trust Fintech Limited Promoter Holding
The promoters of the company are Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shankar Kane and Mr. Mandar Kishor Deo.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.51% | 68.85% |
Trust Fintech Limited COMPANY INFORMATION
Trust Fintech IPO is a book built issue of Rs 63.45 crores. The issue is entirely a fresh issue of 62.82 lakh shares. Trust Fintech IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the Trust Fintech IPO is expected to be finalized on Tuesday, April 2, 2024. Trust Fintech IPO will list on NSE SME with tentative listing date fixed as Thursday, April 4, 2024. Trust Fintech IPO price band is set at ₹95 to ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400. Corporate Capitalventures Pvt Ltd is the book running lead manager of the Trust Fintech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Trust Fintech IPO is Ss Corporate Securities. Refer to Trust Fintech IPO RHP for detailed information.
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 of
- Banking Software
- Software as a Service
The 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.
FAQs About Trust Fintech Limited Ipo
Trust Fintech Limited IPO will open on 26 Mar, 2024 and close on 28 Mar, 2024. Investors must apply within this period to participate.
The Trust Fintech Limited IPO price band is set between ₹95.00 and ₹101.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹121200.00.
The Trust Fintech Limited IPO shares are expected to be listed on 04 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Trust Fintech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Trust Fintech Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.