Trust Fintech Limited
Book Built Issue IPO · NSE
- Price band
- ₹95 - ₹101
- Lot size
- 1,200 shares
- Issue amount
- ₹63.45 cr
- Total subscription
- 108.71×
- Opens
- 26 Mar 2024
- Closes
- 28 Mar 2024
- Allotment
- 2 Apr 2024
- Listing
- 4 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 62,82,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹63.45 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,21,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,75,43,200
- Shares after issue
- 2,38,25,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,21,200 |
| HNI | 2 | 2,400 | ₹2,42,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 12.05 | 787.62 |
| RETAIL | 21.09 | 1,583.66 |
| NIB | 9.04 | 2,213.67 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 14.04 | 7.76 | 2.58 |
| ROE | 23.61 | 18.99 | 9.22 |
| ROCE | 28.54 | 20.07 | 11.03 |
| RONW | 27.51 | 20.96 | 8.81 |
| PRE IPO(PE) | 1.98 | 0 | 0 |
| POST IPO(PE) | 44.05 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Trust Fintech Limited, established in 1998, has emerged as a leading software development company specializing in IT solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Offering a diverse range of products, including Core Banking Software, ERP Implementation, and Customized Software Solutions, the company has built a strong reputation for innovation and reliability. Its flagship product, TrustBankCBS, a web-based Core Banking solution, provides flexible deployment options tailored to the unique needs of financial institutions. With a global presence spanning over 25 countries, including India, Sri Lanka, and Africa, Trust Fintech serves more than 200 BFSI entities, reinforcing its industry leadership. The company's commitment to quality is evident in its ISO 27001:2013 and ISO 9001:2015 certifications. Supported by a team of over 250 professionals across offices in Nagpur, Pune, and Mumbai, Trust Fintech continues to drive digital transformation, equipping financial institutions with cutting-edge software solutions to enhance operational efficiency and customer experience.
Strengths
- Global Expansion Opportunities: The company's presence in 25+ countries enables it to leverage diverse markets, reduce regional risk exposure, and capitalize on international demand for fintech solutions.
- Experienced Leadership: The 31+ years of experience among its promoters provide strategic stability, ensuring informed decision-making and industry adaptability.
- Innovative Workforce: A technically proficient and creative operations team enhances product innovation, service delivery, and responsiveness to evolving market needs.
Risk factors
- Intellectual Property Risks: The lack of legal ownership of its logo and inadequate IP protection exposes the company to potential infringement disputes, loss of brand identity, and weakened market positioning. Strengthening IP protections is critical to mitigating this risk.
- IT and Data Security Concerns: Cybersecurity threats and IT disruptions could lead to data breaches, operational downtime, and regulatory penalties, affecting customer trust and financial stability. Implementing robust security protocols and risk management strategies is essential.
- BFSI Sector Dependence: Heavy reliance on BFSI clients makes the company vulnerable to economic downturns and industry-specific challenges. Diversifying into other sectors could enhance revenue stability and reduce sector-related risks.
Promoters
Mr. Hemant Padmanabh Chafale
Mr. Sanjay Padmanabh Chafale
Mr. Heramb Ramkrishna Damle
Mr. Anand Shankar Kane
Mr. Mandar Kishor Deo.
Registrar & documents
Lead manager
Corporate Capitalventures Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi, Nagpur- 440022
+91 - 9909647348
[email protected]Company website ↗Understanding TRUST IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.