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SME IPO Status: Listed [26th Mar 2024 to 28th Mar 2024]
Trust Fintech IPO, a SME IPO of ₹63.45 Cr was launced on 26-03-2024 to 28-03-2024 and the shares got listed on NSE SME on 04-04-2024.
The public issue of Trust Fintech IPO (TRUST) was offered at ₹101.00 per share and the ipo was listed at ₹143.25. It has delivered listing gain of 41.83%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 50700.00 per lot return on listing.
| SME IPO Issue Opening Date: | 26th Mar 2024 |
| SME IPO Issue Closing Date: | 28th Mar 2024 |
| SME IPO Issue Price: | ₹95.00-101.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹63.45 Cr |
| Fresh Issue: | ₹63.45 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 93.51% |
| Promoter Holding Post IPO: | 68.85% |
| Allotment Status: | Allotment Status |
| NSE Code: | TRUST |
Get important updates regarding Trust Fintech SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Apr 2024 |
| Refunds Initiation* | 3rd Apr 2024 |
| Credit of Shares to Demat* | 3rd Apr 2024 |
| SME IPO Listing Date* | 4th Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹95.00-101.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹121200 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-04-2024 | 101.00 | 45 | 41000 | ₹146 (44.55%) | 4-Apr-2024 10:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Trust Fintech Limited was founded in December 1998. The company has invested in developing more than 10+ (ten) banking related products for commercial and cooperative banks and financial institutions including core banking software, credit software, GST compliance software, financial accounting and settlement software, GST Suvidha provider, SAP B1 services (for implementation, support and add-on development), various add-on modules for statutory reporting, ATM reconciliation, anti-money laundering, agency banking, mobile banking using end-to-end solutions to meet the evolving needs of banking solutions.
The company is mainly engaged in the implementation and deployment of core banking software such as TrustBankCBS or MicroFinS. TrustBankCBS is primarily designed to meet the needs of medium to large banks and financial institutions, while MicroFinS is tailored to meet the needs of small and growing cooperatives, SACCOS and similar banking institutions. The main product, TrustBankCBS, 128 is a web-based software.
TrustBankCBS, with its various integrated modules, streamlines banking operations by offering end-to-end solutions. It facilitates seamless customer onboarding, KYC compliance and sound credit administration. The system boosts front and back office efficiency and ensures smooth banking services for retail and corporate customers. It offers features such as digital banking interfaces, regulatory compliance reporting and anti-money laundering tools, contributing to operational transparency and regulatory compliance.
| Incorporation | Sector | IPO Issue Size | Website |
| 1998 | IT Enabled Services | ₹63.45 Cr | https://www.softtrust.com/ |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects :
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,192,800 (28.56%) | 895,200 (21.44%) | 2,088,000 (50%) | 4,176,000 | |
| 1 | 26th Mar 2024 19:32 | 0.00x | 2.74x | 5.51x | 3.34x |
| 2 | 27th Mar 2024 19:31 | 0.32x | 14.21x | 18.44x | 12.36x |
| 3 | 28th Mar 2024 19:32 | 65.38x | 244.48x | 75.10x | 108.63x |
Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,989.43 | 3,118.89 | 1,958.72 | 1,590.01 |
| Revenue | 1,883.13 | 2,270.19 | 1,800.00 | 2,417.94 |
| Profit After Tax | 727.95 | 402.21 | 133.66 | 219.66 |
| Net Worth | 3,446.55 | 2,718.60 | 1,516.39 | 1,382.73 |
| Reserves and Surplus | 2,928.06 | 2,200.11 | 997.90 | 864.25 |
| Total Borrowing | -34.32 | -3.80 | 118.69 | -44.34 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Trust Fintech Limited | 14.04 | 14.04 | 51.04 | 27.51 | ||
| Network People Services Technologies Limited | 15.72 | 15.72 | 59.58 | 17.18 | 30.18 | Standalone |
| Veefin Solutions Ltd | 0.17 | 0.17 | 31.11 | 220.95 | 0.79 | Standalone |
Last Updated on 08-Apr-2024 07:02:49
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Trust Fintech SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Trust Fintech SME IPO with Zerodha.
Alternate approch to apply in Trust Fintech SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Trust Fintech SME IPO Review and Important Updates
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To subscribe or apply in Trust Fintech SME IPO, you can use the following methods:
| Trust Fintech SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Trust Fintech SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Trust Fintech SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Trust Fintech SME IPO. Most of the Syndicate Banks provide access to apply in Trust Fintech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Trust Fintech SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Trust Fintech SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Trust Fintech SME IPO Review and Important Updates
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Trust Fintech SME IPO is going to be list on 04-04-2024. NSE Code for Trust Fintech is TRUST.
Other relevant questions:
When Trust Fintech SME IPO will be listing? Trust Fintech SME IPO NSE listing date?Trust Fintech SME IPO date of listing
Trust Fintech SME IPO Allotment Date is 02-04-2024.
Other relevant questions:
Trust Fintech SME IPO share allotment date?Trust Fintech SME IPO allotment date?
