Trust Fintech Ltd
Price Range
₹95 - ₹101
Min. Quantity
1,200
Closes on
28 March 2024
Min. investment
₹1,21,200/1,200 Shares
Trust Fintech Ltd IPO Timeline
Trust Fintech Ltd (TFL) was originally incorporated on December 15, 1998 as a Private Limited Company as 'Trust Systems and Software (India) Limited with the Registrar of Companies, Mumbai. The Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of Company was changed to Trust Systems and Software (India) Limited'. A Fresh Certificate of Incorporation consequent to Conversion was issued on September 29, 2023 by the Registrar of Companies, Mumbai. Further, the Company changed its name from 'Trust Systems and Software (India) Limited' to 'Trust Fintech Limited' and a fresh Certificate of Incorporation was issued on December 14, 2023 by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Trust Fintech Ltd IPO Opening Date | 26 March 2024 |
| Trust Fintech Ltd IPO Closing Date | 28 March 2024 |
| Basis of Allotment | 2 April 2024 |
| Initiation of Refunds | 3 April 2024 |
| Credit of Shares to Demat | 3 April 2024 |
| Trust Fintech Ltd IPO Listing Date | 4 April 2024 |
Trust Fintech Ltd IPO Details
| Trust Fintech Ltd IPO Date | 26 March 2024 to 28 March 2024 |
| Trust Fintech Ltd IPO Face Value | ₹10 per share |
| Trust Fintech Ltd IPO Price | ₹95 to ₹101 per share |
| Trust Fintech Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹63.45 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹63.45 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Hemant Padmanabh Chafale, Sanjay Padmanabh Chafale, Heramb Ramkrishna Damle |
Trust Fintech Ltd IPO Lot Size
The Trust Fintech Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,21,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,21,200 |
| Maximum | 1 | 1,200 | ₹1,21,200 |
- Strengths
- Risks
- Opportunities
- 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 advance technology.
- Track record of growth and profitability.
Company Financials
Trust Fintech Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 52.44 | 35.28 | 12.50 |
| 03-2023 | 31.23 | 22.7 | 4.02 |
| 03-2022 | 19.59 | 18 | 1.34 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To setup additional development facility instalment of fit outs and interior design work in
- Investment in procuring hardware and upgrade IT Infra
- Funding for expenditure related to enhancement and upgrading existing product
- To meet out the Global & Domestic Business Development sales and marketing expenses for the company
- General corporate expenses
Trust Fintech Ltd IPO Promoter Holding
| Pre Issue Share Holding | 64.21% |
| Post Issue Share Holding | 47.28% |
Trust Fintech Ltd IPO Subscription Status (Bidding Detail)
The Trust Fintech Ltd IPO is subscribed 72.263 times on 28 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 72.263 |
Trust Fintech Ltd IPO Prospectus
Trust Fintech Ltd IPO Listing Date
| Listing Date | 4 April 2024 |
| BSE Script | 92787 |
| NSE Symbol | TRUST |
| Listing In | NSE - SME |
| ISIN | INE0SWN01019 |
| IPO Price | ₹101 |
| Face Value | ₹10 |
Company Contact Information
Plot # 11/4 IT ParkGayatri Nagar Parsodi,Nagpur-440022
Phone: +91 99096 47348
Email: cs@softtrust.com
Website: www.softtrust.com
Trust Fintech Ltd IPO Registrar
Trust Fintech Ltd IPO Lead Manager(s)
- Corporate Capitalventure Pvt Ltd
FAQ
What is the issue size of Trust Fintech Ltd IPO?
I have pre-applied for Trust Fintech Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.