Trust Fintech IPO dates are yet to be announced.
Trust Fintech IPO is a book built issue of 62.82 lakh shares. The issue is entirely a fresh issue of 62.82 lakh shares.
Trust Fintech IPO price bands are yet to be announced.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Trust Fintech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
About Trust Fintech Limited
Incorporated in 1998, Trust Fintech Limited is a software development company that specializes in providing Core Banking Software, IT Solutions, ERP Implementation, Customized Software Solutions Development, SAP B1, and Offshore IT services for the BFSI sector.
The company offers 10+ banking products for commercial, cooperative banks, and financial institutions. These include Core Banking, Loan Origination, GST Compliance, Financial Accounting, Billing, SAP B1 services, add-on modules for statutory report generation, ATM reconciliation, anti-money laundering, agency banking, and mobile banking.
The company’s product portfolio consists of
- Banking Software
- Software as a Service
The Flagship product of the company TrustBankCBS is a web-based software, and it is available “on-premises with infrastructure”, i.e. it offers the flexibility to the customer to deploy TrustBankCBS on their own premises with customized infrastructure.
The company has provided services in India, Srilanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.
It has a global footprint in more than 25 countries and a global customer base of more than 200 BFSI with Core Banking.
The company has obtained various quality certifications, such as ISO 27001:2013 and ISO 9001:2015.
The organization operates through offices in Nagpur, Pune, and Mumbai, with a total area of 1064.42 sq. meters and more than 250 employees.
Trust Fintech IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 6,282,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 6,282,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,543,200 |
| Share holding post issue | 23,825,200 |
| Market Maker portion | 318,000 shares |
Trust Fintech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Trust Fintech IPO Promoter Holding
The promoters of the company are Mr. Hemant Padmanabh Chafale, Mr. Sanjay Padmanabh Chafale, Mr. Heramb Ramkrishna Damle, Mr. Anand Shankar Kane and Mr. Mandar Kishor Deo.
| Share Holding Pre Issue | 93.51% |
| Share Holding Post Issue | 68.85% |
Trust Fintech Limited Financial Information (Restated Standalone)
Trust Fintech Limited’s revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,989.43 | 3,118.89 | 1,958.72 | 1,590.01 |
| Revenue | 1,883.13 | 2,270.19 | 1,800.00 | 2,417.94 |
| Profit After Tax | 727.95 | 402.21 | 133.66 | 219.66 |
| Net Worth | 3,446.55 | 2,718.60 | 1,516.39 | 1,382.73 |
| Reserves and Surplus | 2,928.06 | 2,200.11 | 997.90 | 864.25 |
| Total Borrowing | -34.32 | -3.80 | 118.69 | -44.34 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.80% |
| ROCE | 11.5% |
| Debt/Equity | 0.77 |
| RoNW | 20.96% |
Objects of the Issue (Trust Fintech IPO Objectives)
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects :
- To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.
- Investment in procuring hardware and upgrading IT infra;
- Funding of expenditure related to enhancement, maintenance and upgrading existing Product;
- To meet the Global & Domestic Business Development, Sales and Marketing expenses for the company; and
- General Corporate Expenses
Trust Fintech Limited Contact Details
Plot No. 11/4, I.T. Park,
k, Gayatri Nagar Parsodi,
Nagpur- 440022
Phone: +91 – 9909647348
Email: cs@softtrust.com
Website: https://www.softtrust.com/
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