Trust Fintech Ltd IPO
Price Range
₹95 - ₹101
-
Min. Quantity
1,200 Shares
Closes on
28 March 2024
-
Min. investment
₹1,21,200
Trust Fintech Ltd IPO Timeline
| 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 |
|---|---|---|---|
| 03-2025 | 118.13 | 35.63 | 9.00 |
| 03-2024 | 52.44 | 35.28 | 12.50 |
| 03-2023 | 31.23 | 22.7 | 4.02 |
| 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
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE0SWN01019 |
| IPO Price | ₹- |
| Face Value | ₹- |
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
How to Check the Allotment Status of Trust Fintech Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Trust Fintech Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Trust Fintech Ltd IPO
Trust Fintech Limited (TFL) was originally incorporated on December 15, 1998 as 'Trust Systems and Software (India) Limited with the Registrar of Companies, Mumbai. The Company was converted from a Private Limited to Public Limited and the name of the Company was changed to Trust Systems and Software (India) Limited' via fresh Certificate of Incorporation dated September 29, 2023 issued by the Registrar of Companies, Mumbai. Further, Company changed its name from 'Trust Systems and Software (India) Limited' to 'Trust Fintech Limited' on December 14, 2023.