Trust Fintech Limited

Company Profile
Company Name Trust Fintech Limited
Open Date 26-03-2024
Close Date 28-03-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹95 to ₹101 per share
Issue Size 62,82,000 shares
Application Amount ₹1,21,200
Recommendation Apply
Trust Fintech Limited was originally incorporated in the year 1998 and had its registered office in Nagpur, Maharashtra, India. The Company is a SaaS product-focused company which 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. The company offers more than 10+ (ten) banking-related products. The company is majorly involved in the Implementation, and deployment of Core banking Software i.e. TrustBankCBS or MicroFinS. As of March 19th, 2024, the Company had 263 employees out of which 228 are on a payroll basis and 35 are on contract basis.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 1,590.02 1,958.73 3,118.90 3,989.44
Net Assets 1,382.74 1,516.39 2,718.60 3,446.55
Total Borrowings -44.34 118.69 -3.80 -34.32
Total Revenue 2,417.94 1,800.00 2,270.19 1,883.13
Profit After Tax 219.65 133.66 402.21 727.94

Tentative Timeline

Opening Date 26-03-2024
Closing Date 28-03-2024
Basis of Allotment 01-04-2024
Initiation of Refunds 02-04-2024
Credit of Shares to Demat 02-04-2024
Listing Date 03-03-2024

Objects of the Issue

Set up additional development facility, instalment of fit-outs and interior design.
Investment in procuring hardware and upgrading IT infra.
Funding expenditure related to enhancement, maintenance, and upgrading existing products.
General corporate purposes.
Meet global and domestic business development, sales and marketing expenses of the company.

Contact Information

Registered Office Trust Fintech Limited Plot No. 11/4, I.T. Park, k, Gayatri Nagar Parsodi, Nagpur- 440022
Phone +91 - 9909647348

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 93.51%
Share Holding Post Issue (Promoters) 68.85%

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