Trust Fintech IPO GMPTrust Fintech IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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    Trust Fintech IPO Post Listing Review : 
    Will update on listing



    What is the latest GMP of Trust Fintech IPO?*
    Latest GMP & Subject to rates: Click

    Trust Fintech IPO Subscription

    Will update once the IPO opens

    What is the business of Trust Fintech?

    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.
    It has 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. Since we provide banking solutions, therefore all the product solutions are built by keeping in mind the RBI compliance requirements, which the banks have to follow and also the product is designed in configurable architect, which gives the flexibility to incorporate the changes which may be required to be complied by the banks, pursuant to the change in the policy and compliances as notified by the RBI. Also, its Core Banking Product (TrustBankCBS) is flexible enough to customize for the Central Bank requirements, by customizing this software, it has served this software in India, Shrilanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.

    Its organization currently operates through its offices located in Nagpur, Pune, and Mumbai spread across total area of 1064.42 sq. mtr. accommodating a workforce of over 250+ employees. The Nagpur property is currently over utilized and lacks the capacity to accommodate additional personnel. To meet the anticipated growth of 1000 employees over the next three years, it is strategically planning to establish an additional facility in Mihan SEZ, Nagpur admeasuring area of 8093.71 square meters. This expansion aims to provide ample space for our expanding team. Upon setup of Mihan SEZ development facility, it will function as an export-oriented unit (“EOU”), will be purely engage in providing global core banking services and IT solutions.

    Get more information about the company @ https://www.softtrust.com/

    Trust Fintech IPO Details
    IPO opens on  ? February 2024
    IPO closes on  ? February 2024
    Issue Type Book Built Issue IPO
    Issue Size 6282000 Sh /Rs ? Cr
    * Fresh Issue 6282000 Sh /Rs ? Cr
    * Offer for Sale  – Sh /Rs – Cr
    Market Maker Portion 318000 Sh.
    Net offer to Public 5964000 Sh./Rs.? Cr
    Face Value per share Rs. 10
    Price Band Rs. ?
    Employee discount  Rs. 0 per share
    Retail Lot Size  ? Shares
    Listing will at  NSE SME
    Shares offered in Trust Fintech IPO
      Shares Rs. (Cr)
    QIB (50%) 2982000 ?
    NII  (15%)   894600 ?
    RII  (35%) 2087400 ?
    Total Shares  5964000 ?
    Retail portion will be oversubscribed by  ?
    Forms
    How much Shares to Apply in Trust Fintech IPO?
    Min Retail Application ? Sh Rs. ?
    Min HNI Application  ? Sh Rs.?

    Who are the Promoters of Trust Fintech IPO?
    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.

    What are the Objects of Trust Fintech IPO?

    The Offer comprises only of a Fresh Issue of Equity shares.

    The company intends to utilize the Net Fresh Issue Proceeds for the following Objects :

    To Setup additional Development facility, instalment 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 Product;
    To meet the Global & Domestic Business Development, Sales and Marketing expenses for the company; and
    General Corporate Expenses

    Trust Fintech IPO Tentative timetable
    IPO opens on February 2024
    IPO Closes on  February 2024
    IPO Allotment on   February2024
    Refund Initiation   February 2024
    Credit of Shares  February 2024
    Listing on  February 2024
    Registered Office of the Company
    Trust Fintech Limited
    Plot No. 11/4, I.T. Park,
    k, Gayatri Nagar Parsodi,
    Nagpur- 440022

    Who is the Lead Manager of Trust Fintech IPO?
    Corporate Capitalventures Pvt Ltd
    Who is the Registrar to IPO?
    Bigshare Services Pvt ltd
    Trust Fintech IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Cr Rs. %
    2020-21 24.18 2,20 4.21 15.89
    2021-22 18.00 1.34 2.58   8.81
    2022-23  22.70 4.02 7.76 20.96
    Book Value of the Share on 31.03.2023 Rs 37.00    
    BV of the Share at cap price after the IPO Rs. ?    
    Offer Price/upper band   Rs. ?    
    Trust Fintech IPO
    Key Performance indicators
    Price/last EPS of 22-23  ?
    Price/BV Ratio ?
    Upper price/BV after IPO   


    How Trust Fintech IPO compares with the Peers? 

    As per DRHP FV Total Income PE Ratio
        In Rs. Cr  
    Trust Fintech  10 22.70
    Network People 10 53.30   51.50
    Veefin Solutions 10   5.86 649.85
           
           

     

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Trust Fintech IPO To the point Guidance
    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. it has served this software in India, Shrilanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.
    Size:  The net size of the IPO is Rs. ? Cr comprising of 5964000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just ? applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. ? Cr, so huge oversubscription possible.
    Financial Snapshot:
    ?

    Quicklinks


    Trust Fintech IPO GMP Detail
    IPO GMP today details?

    Trust Fintech IPO

    Trust Fintech IPO FAQs

    What is Trust Fintech IPO?

    Trust Fintech IPO is a SME IPO of 6282000 equity shares of the face value of Rs. 10 aggregating up to Rs. ? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.

    When will Trust Fintech IPO open?

    Trust Fintech IPO opens on February ?, 2024, and closes on February ?, 2024.

    What is the lot size of Trust Fintech IPO?
    Trust Fintech IPO lot size is ? Shares, and the minimum amount required is Rs.?.

    How to apply for Trust Fintech IPO?
    You can apply in Trust Fintech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    When is Trust Fintech IPO allotment?
    The finalization of Basis of Allotment for Trust Fintech IPO will be done on February ?, 2024, and the allotted shares will be credited to your demat account by February ?, 2024.

    When is Trust Fintech IPO listing date?
    Trust Fintech IPO listing date is not yet announced. The tentative date of Trust Fintech IPO listing is February ?, 2024.

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