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Trust Fintech Limited IPO Date, Price, Review and Details

 

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Trust Fintech Limited IPO

March 26, 2024 - March 28, 2024 Closed
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Trust Fintech Limited IPO  

Trust Fintech Limited engaged in a business of completing banking Solution, IT Solutions, their company specializes in implementing and deploying core banking software solutions like TrustBankCBS, catering to medium to large banks and financial institutions, while MicroFinS is tailored for small and emerging cooperative societies, SACCOS, and similar banking entities. Their software offers digital banking interfaces, helps generate compliance reports, and includes tools to prevent money laundering, ensuring operations are transparent and comply with regulations. It also includes sections for managing treasury, automating funds, and analyzing business data.

Company Promoters:

  • Mr. Hemant Padmanabh Chafale
  • Mr. Sanjay Padmanabh Chafale
  • Mr. Heramb Ramkrishna Damle
  • Mr. Anand Shanker Kane
  • Mr. Mandar Kishor Deo

Objects of this Issue:

      ·       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 of existing Product.
·       To meet the Global & Domestic Business Development, Sales, and Marketing expenses for the company.
·       General Corporate Expenses.

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 30 March 2022

As on 31 Mar 2021

Total Assets

3118.89

1958.72

1590.01

Total Liabilities

400.29

442.33

207.28

Net Profit

402.21

133.66

219.66

Trust Fintech Limited IPO Schedule

1.     Bid or Offer Opens on: 26 March 2024
2.     Bid or Offer Closes on: 28 March 2024
3.     Finalization of BoA: 02 April 2024
4.     Initiation of Refunds: 03 April 2024
5.     Credit of shares to Demat account: 03 April 2024
6.     Listing Date: 04 April 2024

Trust Fintech Limited IPO Lot Size

The market lot size of Trust Fintech Limited IPO is 3,200 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  1200

₹121,200

Maximum

1

  1200

₹121,200

S-HNI(Minimum)

2

  2,400

₹242,400

 

Company Contact Details:

Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi,

Nagpur, Maharashtra, India-440022

Phone: +91 - 9909647348

Email: cs@softtrust.com

Website: www.softtrust.com

 

Trust Fintech Limited IPO Registrar Details:

BIGSHARE SERVICES PVT. LTD

S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,

Mahakali Caves Road, Andheri (East)

Mumbai – 400093, Maharashtra, India

Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Frequently Asked Question

Trust Fintech Limited IPO share price Shares will be listed at NSE SME.
Lot size of the Trust Fintech Limited IPO is 1200 shares.
The face value of Trust Fintech Limited IPO is ₹10 per share.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Minimum and maximum order quantity is 1 lot only.
Closing date of Trust Fintech Limited IPO is March 28, 2024.
Trust Fintech Limited IPO share price ₹95 to ₹101 per share.
You will receive on Trust Fintech Limited IPO shares in your Demat account on April 02, 2024, if allotted.
If you do not get the allotment of on Trust Fintech Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
To participate in the Trust Fintech Limited IPO, you typically need to have a trading account with a registered stockbroker. Once the IPO opens for subscription, you can place your bid through your broker's platform.
Pre-issue shareholding of the Trust Fintech Limited IPO promoter is 93.51%.
Post-issue shareholding of the Trust Fintech Limited IPO promoter is 68.85%
The meaning of " Trust Fintech Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Trust Fintech Limited IPO on the current day.
Trust Fintech Limited IPO shares will get listed on April 04, 2024.
Opening date of Trust Fintech Limited IPO is March 26, 2024.
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