IPO Trending
TRUSTSME / NSEListed
Trust Fintech

Trust Fintech Limited, established in 1998, has emerged as a leading software development company specializing in IT solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Offering a diverse range of products, including Core Banking Software, ERP Implementation, and Customized Software Solutions, the company has built a strong reputation for innovation and reliability. Its flagship product, TrustBankCBS, a web-based Core Banking solution, provides flexible deployment options tailored to the unique needs of financial institutions. With a global presence spanning over 25 countries, including India, Sri Lanka, and Africa, Trust Fintech serves more than 200 BFSI entities, reinforcing its industry leadership. The company's commitment to quality is evident in its ISO 27001:2013 and ISO 9001:2015 certifications. Supported by a team of over 250 professionals across offices in Nagpur, Pune, and Mumbai, Trust Fintech continues to drive digital transformation, equipping financial institutions with cutting-edge software solutions to enhance operational efficiency and customer experience.

DRHPANCHOR
₹95 - ₹101108.71x sub
Listed Price₹143.25
Listing Gain+41.83%

IPO Schedule & Timeline

Book Built Issue IPO
Open26 Mar 2024
Close28 Mar 2024
Allotment02 Apr 2024
Listing04 Apr 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail20,88,000 shares
33.24%
Nii (hni) 8,95,200 shares
14.25%
Anchor17,88,000 shares
28.46%
QIB11,92,800 shares
18.99%
Market Maker3,18,000 shares
5.06%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,21,200
HNI2 Lots (2,400 shares)
₹2,42,400

Company Promoters

Mr. Hemant Padmanabh ChafaleMr. Sanjay Padmanabh ChafaleMr. Heramb Ramkrishna DamleMr. Anand Shankar Kane Mr. Mandar Kishor Deo.

Company Background

Trust Fintech Limited, established in 1998, has emerged as a leading software development company specializing in IT solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Offering a diverse range of products, including Core Banking Software, ERP Implementation, and Customized Software Solutions, the company has built a strong reputation...

Lead Managers & Bankers

Corporate Capitalventures Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-23 )₹1883.13 Cr
Growth-22.1%
Revenue Trend (₹ in Crores)
0.0926.91.9k2.8kMar-22Mar-22Mar-23Sep-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-23 1,883.13727.953,989.43-34.32
Mar-232,270.19402.213,118.89-3.80
Mar-221,800.00133.66 1,958.72118.69
Mar-222,417.94219.661,590.01-44.34

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-23 14.0423.61%28.54%1.9844.05
Mar-23 7.7618.99%20.07%00
Mar-222.589.22%11.03%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
02 Apr 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
04 Apr 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Trust Fintech. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization02 Apr 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Apr 2024Trading commences on exchange

How to Check Trust Fintech Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Trust Fintech from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Trust Fintech IPO

Complete issue overview for Trust Fintech (TRUST) IPO. The issue features an equity share price band of ₹95 – ₹101 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,21,200). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions