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Trust Fintech Limited

  • Minimum Investment
    ₹1,14,000
  • Price Range
    ₹95 - ₹101
  • Issue Size
    ₹63.45 Cr
  • Lot Size
    1200 shares

This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.

Proceeds of this IPO to be used for

Setting up an additional development facility and interior design works in Nagpur, Maharashtra.

Investment in procuring hardware and upgrading IT infrastructure.

Funding expenditure related to enhancing, maintaining, and upgrading existing products.

Meeting global and domestic business development, sales, and marketing expenses.

Allocation for general corporate expenses.

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Trust Fintech Limited

One-stop solution

The company serves as a one-stop solution provider for secure core banking solutions, ERP implementation, and customized software solutions development

Customer relationships

The company benefits from its existing client relationships, which result in repeat business. With a history of high customer retention, it derives a significant proportion of its revenue from repeat business

Quality assurance

The company's commitment to quality control and assurance has led to several certifications, including the ISO 27001:2013 certificate for information security management, ISO 9001:2015 certificate for the design, development, and implementation of comprehensive IT solutions, and CMMI Level 5 certification, among others

Dependent on one business

A substantial portion of the company's revenues is dependent on its core banking software, TrustBankCBS. The loss of any one or more major clients would significantly impact business operations and profitability

Certain legal proceedings

The company and its promoters are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render them liable for liabilities and penalties

Contingent liabilities

The company has certain contingent liabilities, and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Total Current Liabilities--
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Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Trust Fintech Limited

Trust Fintech was incorporated on December 15, 1998. It is a Nagpur-based SaaS product-focused company that specializes in providing core banking software, IT solutions, ERP implementation, customized software solutions development, SAP B1, and offshore IT services for the BFSI sector.
  • Promoter
    Hemant Padmanabh Chafale
  • Promoter
    Sanjay Padmanabh Chafale
  • Promoter
    Heramb Ramkrishna Damle
  • Promoter
    Anand Shankar Kane
  • Promoter
    Mandar Kishor Deo

Trust Fintech Limited IPO FAQs

What is Trust Fintech Limited IPO?

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Trust Fintech Limited IPO refers to the initial public offering of shares by Trust Fintech Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Trust Fintech Limited IPO?

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For Trust Fintech Limited IPO the issue size is ₹63 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Trust Fintech Limited IPO?

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For Trust Fintech Limited IPO the minimum investment is ₹1,14,000. The minimum investment for Trust Fintech Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Trust Fintech Limited IPO?

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For Trust Fintech Limited IPO the lot size is 1200 shares. The lot size of Trust Fintech Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Trust Fintech Limited IPO on Share.Market?

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To apply for Trust Fintech Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Trust Fintech Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Trust Fintech Limited IPO?

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Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Trust Fintech Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

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The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

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You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Trust Fintech Limited IPO?

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For Trust Fintech Limited IPO the allotment date is April 2, 2024. The allotment date of Trust Fintech Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Trust Fintech Limited IPO?

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For Trust Fintech Limited IPO, the subscription opens on March 26, 2024 and closes on March 28, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
108.68x Oversubscribed
Trade
Bidding Ongoing
-
Total Subscription
108.68x Oversubscribed
Trade