Trust Fintech Limited is a Nagpur-based SaaS Product centered corporate that has carved a distinct segment in offering Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1, and Offshore IT services and products for the BFSI sector. TFL was once based through Mr. Hemant Chafale, Mr. Heramb Ramkrishna, and Mr. Mandar Kishor Deo with a focal point on handing over secured core banking answers & world-class generation answers to an almost built-in banking and fiscal eco-system. The corporate has advanced within the final 25 years and tailored to the technological and marketplace shifts to succeed in the present industry style and product model. Trust Fintech is constantly increasing its industry footprints in India and Globally through adapting to ever-changing regulatory compliances for the worldwide BFSI sector.
They have invested in growing greater than 10+ (10) banking-related merchandise for Commercial and Cooperative Banks and Financial Institutions, which include Core Banking Software, Loan Origination device, GST compliance device, Financial Accounting & Billing Software, GST Suvidha supplier, 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 finish to finish answers to deal with the evolving wishes of banking Solutions. Since they supply banking answers, due to this fact all of the product answers are constructed through conserving in thoughts the RBI compliance necessities, which the banks must apply additionally the product is designed in configurable structure, which supplies the versatility to include the adjustments that can be required to be complied through the banks, beneath the trade within the coverage and compliances as notified through the RBI. Also, their Core Banking Product (TrustBankCBS) is versatile sufficient to customise for the Central Bank necessities, through customizing this device, they have got served this device in India Srilanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few extra international locations.
Objects of the Issue:
- To Setup further Development facility, instalment of have compatibility outs and internal design works in Nagpur, Maharashtra.
- Investment in shopping {hardware} and upgrading IT infra;
- Funding of expenditure associated with enhancement, upkeep and upgrading current Product;
- To meet the Global & Domestic Business Development, Sales and Marketing bills for the corporate; and
- General Corporate Expenses
Trust Fintech IPO Review
Trust Fintech IPO Date & Price Band Details
IPO Open: | February 2024 |
IPO Close: | February 2024 |
IPO Size: | Approx ā¹[.] Crores, 6,282,000 Equity Shares |
Face Value: | ā¹10 Per Equity Share |
IPO Price Band: | ā¹[.] to ā¹[.] Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 35% of the online be offering |
QIB Quota: | 50% of the online be offering |
NII Quota: | 15% of the online be offering |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Trust Fintech IPO Market Lot
The Trust Fintech IPO minimal marketplace lot is [.] stocks with a ā¹- software quantity.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | [.] | ā¹- |
Retail Maximum | 1 | [.] | ā¹- |
S-HNI Minimum | 2 | [.] | ā¹- |
Trust Fintech IPO Dates
The Trust Fintech IPO date is February 2024 and the IPO shut date is February 2024 The IPO allotment date is February 2024 and the IPO may record on February 2024.
IPO Open Date: | February 2024 |
IPO Close Date: | February 2024 |
Basis of Allotment: | February 2024 |
Refunds: | February 2024 |
Credit to Demat Account: | February 2024 |
IPO Listing Date: | February 2024 |
You can test IPO subscription standing and IPO allotment standing on their respective pages.
Trust Fintech IPO Form
How to use Trust Fintech IPO? You can follow Trust Fintech IPO by the use of ASBA to be had on your checking account. Just move to the web financial institution login and follow by the use of your checking account through settling on the Trust Fintech IPO within the Invest segment. The different possibility you’ll follow Trust Fintech IPO by the use of IPO paperwork obtain by the use of the NSE web site. Check out the Trust Fintech paperwork ā click on NSE IPO Forms obtain, fill and put up on your financial institution or along with your dealer.
Trust Fintech Company Financial Report
ā¹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ā¹24.18 | ā¹21.24 | ā¹2.20 |
2022 | ā¹18.00 | ā¹16.21 | ā¹1.34 |
2023 | ā¹22.70 | ā¹17.29 | ā¹4.02 |
September 2023 | ā¹18.83 | ā¹9.10 | ā¹7.28 |
Trust Fintech IPO Valuation ā FY2023
Check Trust Fintech IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
Earning Per Share (EPS): | ā¹7.76 in line with Equity Share |
Price/Earning P/E Ratio: | NA |
Return on Net Worth (RoNW): | 20.96% |
Net Asset Value (NAV): | ā¹37.00 in line with Equity Share |
Peer Group
- Network People Services Technologies Limited
- Veefin Solutions Limited
- Mr. Hemant Padmanabh Chafale
- Mr. Sanjay Padmanabh Chafale
- Mr. Heramb Ramkrishna Damle
- Mr. Anand Shankar Kane
- Mr. Mandar Kishor Deo
Trust Fintech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [emailĀ protected]
Website: http://www.bigshareonline.com
Trust Fintech IPO Allotment Status
Check Trust Fintech IPO allotment standing on Bigshare web site URL. Click Here
Trust Fintech IPO Lead Managers aka Merchant Bankers
- Corporate Capitalventures Pvt LtdĀ
Company Address
Trust Fintech Limited
Plot No. 11/4, I.T. Park,
okay, Gayatri Nagar Parsodi,
Nagpur- 440022
Phone: +91 ā 9909647348
Email: [emailĀ protected]
Website:Ā https://www.softtrust.com/
Trust Fintech IPO FAQs
What is Trust Fintech IPO?
Trust Fintech IPO is an NSE SME IPO. They are going to lift ā¹[.] Crores by the use of IPO. The factor is priced at ā¹[.] in line with fairness percentage. The IPO is to be indexed on NSE.
When Trust Fintech IPO will open?
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How to Apply the Trust Fintech IPO?
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What is Trust Fintech IPO Size?
What is Trust Fintech IPO Price Band?
Trust Fintech IPO Price Band is ā¹[.] in line with fairness percentage.
What is Trust Fintech IPO Minimum and Maximum Lot Size?
What is Trust Fintech IPO Allotment Date?
What is Trust Fintech IPO Listing Date?
Note: The Trust Fintech IPO main points are introduced formally. The IPO gray marketplace top rate (Trust Fintech IPO Premium) is up to date at the respective web page. You can test our IPO gray marketplace web page for day-to-day updates.
– Source : IPOWATCH