What you Must know about Trust Fintech IPO?
by 5paisa Research Team
22 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 04-Apr-24
- IPO Price Range ₹ 95 to ₹ 101
- Listing Price ₹ 143.25
- Listing Change 41.8%
- Last Traded Price ₹ 313.5
- Current Change 210.4%
Trust Fintech IPO Details
- Open Date 26-Mar-24
- Close Date 28-Mar-24
- Lot Size 1200
- IPO Size ₹ 63.45 Cr
- IPO Price Range ₹ 95 to ₹ 101
- Min Investment ₹ 114,000
- Listing Exchange NSE SME
- Basis of Allotment 02-Apr-24
- Refunds 03-Apr-24
- Credit to Demat Account 03-Apr-24
- Listing Date 04-Apr-24
Trust Fintech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Mar-24 | 0.00 | 2.73 | 5.47 | 3.32 |
| 27-Mar-24 | 0.32 | 14.20 | 18.36 | 12.32 |
| 28-Mar-24 | 65.38 | 244.48 | 75.09 | 108.63 |
Trust Fintech IPO Synopsis
Trust Fintech Limited IPO is all set to open from 26th March to 28th March 2024. The company makes SaaS Products. The IPO includes a fresh issue of 6,282,000 shares worth ₹63.45 cr. The share allotment date is 2nd April 2024, and the IPO will be listed on 4th April 2024 on the stock exchanges. The price band is ₹95 to ₹101 and the lot size is 1200 shares.
Corporate Capital Ventures Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Trust Fintech IPO:
Trust Fintech Limited plans to utilize the raised capital from the IPO to:
● To fund the setup of a new development facility, installation of fits and interior design work.
● To invest in hardware procurement and IT infra upgradation
● To fund expenses related to enhancement, maintenance and upgrading existing Products
● To fund the expenses related to Global & Domestic Business Development and Sales and Marketing
● General Corporate Expenses
About Trust Fintech
Established in 1998 and based in Nagpur, Trust Fintech Limited makes SaaS Products. The company has expertise in niches including core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector.
The company offers end-to-end business solutions and has created more than 10 banking-based products for Financial Institutions and Commercial and Cooperative Banks. This list includes Core Banking Software, Loan Origination software, GST compliance software, Financial Accounting & Billing Software, GST Suvidha provider, SAP B1 Services (for Implementation, Support and Add-on Development), Various add-on modules for Statutory Report Generation, ATM Reconciliation, Anti-Money Laundering, Agency Banking, Mobile Banking leveraging, etc.
Apart from India, Trust Fintech also delivers its SaaS products to other countries like Shrilanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, etc. TrustBankCBS is one of the most popular products of the company, which is a core banking solution.
Peer Comparison
● Network People Services Technologies Limited
● Veefin Solutions Limited
For More Information:
Webstory on Trust Fintech IPO
Trust Fintech Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 22.54 | 17.63 | 23.94 |
| EBITDA | 5.94 | 2.27 | 3.11 |
| PAT | 4.02 | 1.33 | 2.19 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 31.18 | 19.58 | 15.90 |
| Share Capital | 5.18 | 5.18 | 5.18 |
| Total Borrowings | 4.00 | 4.42 | 2.07 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.77 | 0.16 | 4.83 |
| Net cash from / (used in) investing activities | 0.62 | -3.10 | -3.73 |
| Net cash flow from / (used in) financing activities | -1.26 | 1.58 | 0.55 |
| Net increase (decrease) in cash and cash equivalents | 0.12 | -1.36 | 1.65 |
Trust Fintech IPO Key Points
-
Strengths
1. The company is a one-stop-shop solution provider in secure Core Banking Solutions, ERP Implementation and Customized Software Solutions Development.
2. It has strong and long-standing customer relationships.
3. The company holds significant Government Empanelments.
4. It has received many certifications for high quality.
5. It focuses on growing businesses through intellectual property capabilities.
6. It has Marque Clientele and transparent and competitive pricing.
7. Qualified and experienced management team.
-
Risks
1. The company revenues are dependent on majorly two states.
2. A major portion of revenue is dependent on its Core Banking software i.e. TrustBankCBS.
3. It is subject to legal and regulatory requirements.
4. Software Product development is a long, expensive and uncertain process.
5. The company faces high competition.
6. High working capital requirements.
7. It has reported negative cash flows in the past.
Trust Fintech
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Trust Fintech IPO FAQs
When does the Trust Fintech IPO open and close?
Trust Fintech IPO opens from 26th March to 28th March 2024.
What is the size of the Trust Fintech IPO?
The size of Trust Fintech IPO is ₹63.45 cr.
How to apply for the Trust Fintech IPO?
To apply for Trust Fintech IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Trust Fintech IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of the IPO?
The price band of Trust Fintech IPO is fixed at ₹95 to ₹101 per share.
What is the minimum lot size and investment required for the Trust Fintech IPO?
The minimum lot size of Trust Fintech IPO is 1200 shares and the investment required is ₹1,14,000.
What is the allotment date of the Trust Fintech IPO?
The share allotment date of Trust Fintech IPO is 2nd April 2024.
What is the Trust Fintech IPO listing date?
The Trust Fintech IPO will be listed on 4th April 2024.
Who are the book runners for the Trust Fintech IPO?
Corporate Capital Ventures Private Limited is the book-running lead manager for Trust Fintech IPO.
What is the objective of the Trust Fintech IPO?
Trust Fintech plans to utilize the raised capital from the IPO to:
1. To fund the setup of a new development facility, installation of fits and interior design work.
2. To invest in hardware procurement and IT infra upgradation
3. To fund expenses related to enhancement, maintenance and upgrading existing Products
Contact Details of Trust Fintech IPO
Contact Information
Trust Fintech Limited
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/
Trust Fintech IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Trust Fintech IPO Lead Manager
Corporate Capitalventures Pvt Ltd
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