Trust Fintech Limited IPO (Trust Fintech IPO)

Trust Fintech Limited IPO
Upcoming Trust Fintech IPO | New Trust Fintech IPO

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

Trust Fintech IPO – Details

IPO Opening Date26 March 2024
IPO Closing Date28 March 2024
Issue TypeBook Built Issue IPO
Issue Size62,82,000 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Trust Fintech IPO – Date Schedule

IPO Open Date26 March 2024
IPO Close Date28 March 2024
Basis of Allotment01 April 2024
Initiation of Refund02 April 2024
Credit of Shares to Demat Account02 April 2024
IPO Listing Date03 April 2024
Cut-off time for UPI mandate confirmation5 PM on March 28, 2024

Trust Fintech IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11200₹1,21,200
Retail (Maximum)11200₹1,21,200
HNI (Minimum)22400₹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
Trust Fintech IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202124.1721.232.19-0.44
31 March 202218.0016.211.331.18
31 March 202322.7017.294.02-0.03
30 September 202318.839.107.27-0.34
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)7.76
P/E (x)

Trust Fintech IPO Promoter Holding

Pre Issue Share Holding93.51%
Post Issue Share Holding68.85%

Trust Fintech IPO Prospectus

Company Contact Information

Trust Fintech Limited

Plot No. 11/4, I.T. Park,
k, Gayatri Nagar Parsodi,
Nagpur- 440022

Phone: +91 – 9909647348

Trust Fintech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Trust Fintech IPO Lead Manager(s)

1. Corporate Capitalventures Pvt Ltd

Trust Fintech IPO FAQs

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.
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