Trust Fintech Limited is a Nagpur-based SaaS Product focused company that has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1, and Offshore IT services for the BFSI sector. TFL was founded by Mr. Hemant Chafale, Mr. Heramb Ramkrishna, and Mr. Mandar Kishor Deo with a focus on delivering secured core banking solutions & world-class technology solutions to a virtually integrated banking and financial eco-system. The company has evolved in the last 25 years and adapted to the technological and market shifts to reach the current business model and product version. Trust Fintech is consistently expanding its business footprints in India and Globally by adapting to ever-changing regulatory compliances for the global BFSI sector.
They have invested in developing more than 10+ (10) banking-related products for Commercial and Cooperative Banks and Financial Institutions, which comprise 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 end to end solutions to address the evolving needs of banking Solutions.
Since they provide banking solutions, therefore all the product solutions are built by keeping in mind the RBI compliance requirements, which the banks have to follow also the product is designed in configurable architecture, which gives the flexibility to incorporate the changes that may be required to be complied by the banks, under the change in the policy and compliances as notified by the RBI. Also, their Core Banking Product (TrustBankCBS) is flexible enough to be customized for the Central Bank requirements, by customizing this software, they have served this software in India Srilanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries.
Objects of the Issue:
- To set up additional Development facilities, installment 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 Products;
- To meet the Global & Domestic Business Development, Sales, and Marketing expenses for the company; and
- General Corporate Expenses
Trust Fintech IPO Review
- Apply
Trust Fintech IPO Date & Price Band Details
| IPO Open: | March 26, 2024 |
| IPO Close: | March 28, 2024 |
| IPO Size: | Approx ā¹63.45 Crores, 6,282,000 Equity Shares |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹95 to ā¹101 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Trust Fintech IPO Market Lot
The Trust Fintech IPO minimum market lot is 1200 shares with a ā¹121,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ā¹121,200 |
| Retail Maximum | 1 | 1200 | ā¹121,200 |
| S-HNI Minimum | 2 | 2400 | ā¹242,400 |
Trust Fintech IPO Dates
The Trust Fintech IPO date is March 26 and the IPO close date is March 28 The IPO allotment date is April 1 and the IPO might list on April 3.
| IPO Open Date: | March 26, 2024 |
| IPO Close Date: | March 28, 2024 |
| Basis of Allotment: | April 1, 2024 |
| Refunds: | April 2, 2024 |
| Credit to Demat Account: | April 2, 2024 |
| IPO Listing Date: | April 3, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Trust Fintech IPO Form
How to apply Trust Fintech IPO? You can apply Trust Fintech IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Trust Fintech IPO in the Invest section. The other option you can apply Trust Fintech IPO via IPO forms download via the NSE website. Check out the Trust Fintech forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Trust Fintech Company Financial Report
| ā¹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ā¹24.18 | ā¹21.24 | ā¹2.20 |
| 2022 | ā¹18.00 | ā¹16.21 | ā¹1.34 |
| 2023 | ā¹22.70 | ā¹17.29 | ā¹4.02 |
| Sep 2023 | ā¹18.83 | ā¹9.10 | ā¹7.28 |
Trust Fintech IPO Valuation – FY2023
Check Trust Fintech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ā¹7.76 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 20.96% |
| Net Asset Value (NAV): | ā¹37.00 per Equity Share |
Peer Group
- Network People Services Technologies Limited
- Veefin Solutions Limited
Company Promoters
- Mr. Hemant Padmanabh Chafale
- Mr. Sanjay Padmanabh Chafale
- Mr. Heramb Ramkrishna Damle
- Mr. Anand Shankar Kane
- Mr. Mandar Kishor Deo
Trust Fintech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Trust Fintech IPO Allotment Status
Check Trust Fintech IPO allotment status on Bigshare website URL. Click Here
Trust Fintech IPO Lead Managers aka Merchant Bankers
- Corporate Capitalventures Pvt Ltd
Company Address
Trust Fintech Limited
Plot No. 11/4, I.T. Park,
k, Gayatri Nagar Parsodi,
Nagpur- 440022
Phone: +91 – 9909647348
Email: [email protected]
Website: https://www.softtrust.com/
2 Responses
it would be a profitable, i would really like to go with this.
Good