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.
Trust Fintech IPO – Details
| IPO Opening Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 62,82,000 Shares Worth ₹63.45 Crore Fresh Issue: 62,82,000 Shares Worth ₹63.45 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹101 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Trust Fintech IPO – Date Schedule
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 28 March 2024 |
| Basis of Allotment | 01 April 2024 |
| Initiation of Refund | 02 April 2024 |
| Credit of Shares to Demat Account | 02 April 2024 |
| IPO Listing Date | 03 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Trust Fintech IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,21,200 |
| Retail (Maximum) | 1 | 1200 | ₹1,21,200 |
| HNI (Minimum) | 2 | 2400 | ₹2,42,400 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Hemant Padmanabh Chafale
- Mr. Sanjay Padmanabh Chafale
- Mr. Heramb Ramkrishna Damle
- Mr. Anand Shankar Kane
- Mr. Mandar Kishor Deo
Object 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; and
- General Corporate Expenses
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 24.17 | 21.23 | 2.19 | -0.44 |
| 31 March 2022 | 18.00 | 16.21 | 1.33 | 1.18 |
| 31 March 2023 | 22.70 | 17.29 | 4.02 | -0.03 |
| 30 September 2023 | 18.83 | 9.10 | 7.27 | -0.34 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.80% |
| ROCE | 11.5% |
| Debt/Equity | 0.77 |
| RoNW | 20.96% |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.76 | – |
| P/E (x) | – | – |
Trust Fintech IPO Promoter Holding
| Pre Issue Share Holding | 93.51% |
| Post Issue Share Holding | 68.85% |
Trust Fintech IPO Prospectus
- Trust Fintech IPO DRHP
- Trust Fintech IPO RHP
Company Contact Information
| Trust Fintech Limited Plot No. 11/4, I.T. Park, k, Gayatri Nagar Parsodi, Nagpur- 440022 Phone: +91 – 9909647348 Email: cs@softtrust.com Website: https://www.softtrust.com/ |
Trust Fintech IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Trust Fintech IPO Lead Manager(s)
| 1. Corporate Capitalventures Pvt Ltd |
Trust Fintech IPO FAQs
| What is Trust Fintech IPO? Trust Fintech IPO is a SME IPO. The issue is priced at ₹95 – ₹101 per equity share. The IPO is to be listed on NSE SME. |
| When Trust Fintech IPO will open? The IPO is to open on 26 March 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Trust Fintech IPO? You can apply for Trust Fintech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Trust Fintech IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Trust Fintech”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Trust Fintech IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Trust Fintech”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Trust Fintech IPO Size? Trust Fintech IPO size is ₹63.45 crores. |
| What is Trust Fintech IPO Price Band? Trust Fintech IPO Price Band is ₹95 – ₹101. |
| What is Trust Fintech IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,21,200 amount while the maximum bid is 1200 shares with ₹1,21,200. |
| What is the Trust Fintech IPO Allotment Date? Trust Fintech IPO allotment date is 01 April 2024. |
| What is the Trust Fintech IPO Listing Date? Trust Fintech IPO listing date is 03 April 2024. The IPO is to list on NSE SME. |
