Trust Fintech IPO Date, Review, Price, Allotment Details

Trust Fintech IPO Details: Trust Fintech IPO date is fixed, The IPO will open on February [.] and will close on February [.]. Trust Fintech is a NSE SME IPO to raise ₹[.] crores via IPO. The Trust Fintech IPO price band is fixed at ₹[.] with a market lot of [.] shares.

Trust Fintech IPO

Table of Contents

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 customize 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 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 IPO Review

  • To be updated soon

Trust Fintech IPO Date & Price Band Details

IPO Open:February 2024
IPO Close:February 2024
IPO Size:Approx ₹[.] Crores, 6,282,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹[.] to ₹[.] 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 [.] shares with a ₹- application amount.

ApplicationLot SizeSharesAmount
Retail Minimum1[.]₹-
Retail Maximum1[.]₹-
S-HNI Minimum2[.]₹-

Trust Fintech IPO Dates

The Trust Fintech IPO date is February 2024 and the IPO close date is February 2024 The IPO allotment date is February 2024 and the IPO might list on February 2024.

IPO Open Date:February 2024
IPO Close Date:February 2024
Basis of Allotment:February 2024
Refunds:February 2024
Credit to Demat Account:February 2024
IPO Listing Date:February 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

₹ in Crores
YearRevenueExpensePAT
2021₹24.18₹21.24₹2.20
2022₹18.00₹16.21₹1.34
2023₹22.70₹17.29₹4.02
September 2023₹18.83₹9.10₹7.28

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):₹7.76 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):20.96%
Net Asset Value (NAV):₹37.00 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/

Trust Fintech IPO FAQs


What is Trust Fintech IPO?

Trust Fintech IPO is an NSE SME IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] per equity share. The IPO is to be listed on NSE.

When Trust Fintech IPO will open?

The IPO is to open on February 2024 for QIB, NII, and Retail Investors.

What is Trust Fintech IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Trust Fintech IPO?

You can apply Trust Fintech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Trust Fintech IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Trust Fintech”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Trust Fintech IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Trust Fintech”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Trust Fintech IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Trust Fintech”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Trust Fintech IPO Size?

Trust Fintech IPO size is ₹[.] crores.

What is Trust Fintech IPO Price Band?

Trust Fintech IPO Price Band is ₹[.] per equity share.

What is Trust Fintech IPO Minimum and Maximum Lot Size?

The IPO bid is [.] shares with ₹-.

What is Trust Fintech IPO Allotment Date?

Trust Fintech IPO allotment date is February 2024.

What is Trust Fintech IPO Listing Date?

Trust Fintech IPO listing date is February 2024. The IPO to list on NSE SME.

Note: The Trust Fintech IPO details are announced officially. The IPO grey market premium (Trust Fintech IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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