Trust Fintech Ltd IPO

Trust Fintech Ltd IPO

IT - Software

sme

Bidding period

26 Mar 2024 - 28 Mar 2024

Bid price

₹101.00 - ₹101.00

Listing on

NSE-SME

Listing date

04 Apr 2024

Lot size

1200 shares

Issue size

₹63.45 crore


Minimum investment

₹1,21,200.00 / 1 lot

Maximum investment

₹1,21,200.00 / 1 lot

Bidding closed on 28 Mar 2024

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Trust Fintech Ltd IPO dates

IPO opening date

26 Mar 2024

IPO end date

28 Mar 2024

Allotment date

02 Apr 2024

Initiation of refunds

03 Apr 2024

Credit of shares to demat

03 Apr 2024

IPO listing date

04 Apr 2024

Trust Fintech Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹52.44
Total liabilities ₹52.44
Total expenditure ₹18.59
Total revenue ₹35.28
Profit after tax ₹12.50
EBITDA ₹17.94
Adjusted EBITDA ₹0.00

Trust Fintech Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 92.98 68.46
Public group 7.02 31.54

Trust Fintech Ltd strengths and risks

Information currently unavailable

  • 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.

  • The company has applied for registration of logo under the Class 42 and the company does not own the trademark legally as on date. Its may be unable to adequately protect the company intellectual property. Furthermore, its may be subject to claims alleging breach of third-party intellectual property rights.

  • Significant disruptions in its information technology systems or breaches of data security could affect its business and reputation.

  • Substantial portion of its revenues has been dependent upon the company Core Banking software i.e. Trust Bank CBS. The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.

  • Substantial portion of its revenues has been dependent upon the company few clients (Top 10). The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.

  • Majority of its domestic sales for the last 3 years and stub period is dependent majorly on Top 2 States. Any loss of business from may adversely affect its revenues and profitability.

  • Its business is completely dependent on the company's ability to customize its software products as per requirements of the customer based on latest technology and statutory requirements. If the company is not able to update its existing products in response to evolving industry requirements, its operating results may be negatively affected.

  • Non-availability of secretarial records of the company filed with ROC since incorporation and non-updating of recent records at MCA.

  • Its Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.

  • Its revenues are dependent on clients concentrated in the BFSI segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.

  • The company yet to place orders for Rs.430.32 of the hardware, server, Microsoft license, Antivirus, computer, Networking accessories, UPS, Generator and Legal software to support the product development work and for its proposed facility at Mihan SEZ, Nagpur. Any delay in placing orders or procurement of such hardware or Microsoft license may delay the schedule of implementation and possibly increase the cost of commencing operations.

How to check the allotment status of the Trust Fintech Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Trust Fintech Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Trust Fintech Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Trust Fintech Ltd IPO registrar

Bigshare Services Pvt Ltd

Phone number +91 - 22 - 6263 8200;
E-mail ID ipo@bigshareonline.com
Website www.bigshareonline.com

Trust Fintech Ltd IPO reservation

QIB shares offered

11,92,800 (18.99%)

NII (HNI) shares offered

8,95,200 (14.25%)

Retail shares offered

20,88,000 (33.24%)

Anchor investor shares offered

17,88,000 (28.46%)

Total shares offered

62,82,000

Total shares with anchor investor

62,82,000

Trust Fintech Ltd IPO lead manager

  • Corporate Capitalventure Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Trust Fintech Ltd IPO?

The listing date for the Trust Fintech Ltd IPO is 04 Apr 2024.

What is the issue size of Trust Fintech Ltd IPO?

The issue size of the Trust Fintech Ltd IPO is ₹63.45 cr.

What is the minimum lot size needed for Trust Fintech Ltd IPO?

The minimum lot size for Trust Fintech Ltd IPO is 1200

When does the Trust Fintech Ltd open and close?

Trust Fintech Ltd IPO is open from 26 Mar 2024 to 28 Mar 2024.

How can I apply for the Trust Fintech Ltd IPO?

To apply for the Trust Fintech Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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