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Trust Fintech Limited IPO – Important Dates, Price, GMP & Apply or Not

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Trust Fintech Ltd who are involved in offering Software Solutions and Services in the field of Banking, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services are raising ₹ 63.4 crores approximately through initial public offerings (IPO). The IPO will be open from 26 March, 2024 and will close on 28 March, 2024. The IPO Price band is set to ₹ 101 and a retail investor can do minimum investment of 1,21200 for a single lot of 1200 shares.

Trust Fintech Limited Company Incorporated in 1998 providing IT Services with Quality, Latest Technology and Innovation. Company core products are TrustBankCBS, MicroFinS, GST Software, ERP Products and Loan Origination.

Company also offer Services like Artificial Intelligence, SaaS On Cloud, Mobile App Development, SAP B1 Services etc.

Trust Fintech IPO Important Dates And Prices

IPO Opening Date26 March, 2024
IPO Closing Date28 March, 2024
IPO Allotment Date2 April, 2024
Date of Refund Initiation3 April, 2024
Single Price₹ 101
Total Shares1200/Lot
Minimum Investment₹ 1,21200
IPO Listing04 April, 2024
Listing OnNSE SME

Trust Fintech Limited IPO Important Details

IPO Issue Size₹ 63.4 Crores
IPO Face Value₹ 10/Share
IPO Retail Percentage35%
IPO QIB Percentage50%
IPO Mandate Last Date28 March, 2024 (Till 5 PM)
IPO RegistrarBigshare Services Pvt Ltd

Trust Fintech IPO GMP (Grey Market Premium)

As On 25-03-2024₹40
As On 26-03-2024₹40
As On 28-03-2024₹45
As On 30-03-2024₹45
As On 31-03-2024₹60
As On 01-04-2024₹60
As On 02-04-2024₹55

Trust Fintech Limited Company Qualities

  • Trust Fintech Company Empanelled with Govt. of Maharashtra as IT Service Provider.
  • Company is Authorized GST Suvidha (GSP) Provider in India.
  • Trust Fintech Limited is Ranked among Top Core Banking Solution Provider Globally.
  • Company has clients in 20+ Countries.

Trust Fintech Limited Promoters

  • Mr. Hemant Padmanabh Chafale (Chairperson & Managing Director)
  • Mr. Sanjay Padmanabh Chafale (Advisor)
  • Mr. Heramb Ramkrishna Damle (Whole Time Director)
  • Mr. Anand Shankar Kane (Executive Director & CFO)
  • Mr. Mandar Kishor Deo (Whole Time Director)

Shareholding Pattern or Promoter Holding in Trust Fintech IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue17,543,20093.51%
Post Issue23,825,20068.85%

Trust Fintech IPO Review (Apply)

Trust Fintech company EPS(Earning Per Share) is 7.76. The company has an ROE of around 23.6% and RoNW of about 27.57%. PAT Margin Percentage of Trust Fintech Limited is 38.6%. Apply For this IPO on the first day of opening to increase your chances of allotment

Trust Fintech IPO Important Links

Allotment Status or Registrar LinkBigshare Services Pvt Ltd
Company Websitewww.softtrust.com
Incorporated InDecember 15, 1998
Registered OfficePlot No. 11/4, I.T. Park, Gayatri Nagar Parsodi,
Nagpur, Maharashtra, India-440022
DownloadRHP PDF

FAQ’s Related to Trust Fintech IPO

  1. From Which Date Trust Fintech Limited IPO will open?

    Trust Fintech IPO will open from 26th March, 2024.

  2. What is the last date to apply for the Mandate of Trust Fintech IPO?

    Trust Fintech IPO last date to apply for the Mandate is 28th March, 2024.

  3. When Is the Trust Fintech Limited Company Incorporated?

    Trust Fintech is Incorporated in 1998 and is a ISO 27001 & CMMi Level 5 Certified Company.

  4. How many shares are there in One Lot of Trust Fintech Limited IPO?

    Trust Fintech Limited IPO – 1 Lot includes 1200 Shares with Minimum Investment of 1,21200 Only ( 101 per share value).

  5. When is the issue size and face value of Trust Fintech IPO?

    Issue size of Trust Fintech IPO is approximately 63.4 Crores and has a face value of 10 per equity share.

  6. Do You Apply For The Trust Fintech Limited IPO or Not?

    Yes, You should apply for this IPO. Company is performing better and better.

How You Can Apply For Trust Fintech IPO or Any Other IPO?

You must first open a DEMAT account in order to apply for the Trust Fintech IPO. With Groww, Paytm Money, Angel One, Upstox, Zerodha, and Paytm, you can open a Demat account online. After opening your DEMAT account, simply open any of the above mentioned apps, go to the IPO section, choose Trust Fintech Limited IPO, and then click Apply Now to submit an application for a mandate. You can apply using your UPI ID by clicking on Apply For IPO after entering your investment lots and your UPI ID. Within a few minutes of clicking “Apply for IPO,” a mandate request will appear on your UPI platform. It can sometimes take up to an hour.

If You did not received Mandate Request, You Can Even Cancel the IPO application From the App You Applied For the IPO And After Cancelling the Application, You can apply once again for the Trust Fintech IPO or any other IPO which you want to Buy. On receiving Mandate, click on Accept Mandate and Enter your UPI Pin and your Mandate Amount or the IPO Amount will be blocked by the Bank, till the date of allotment. If Trust Fintech IPO is not allotted to you, you will get your money back in the bank, your mandate will be cancelled in that case.

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