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Open
26 Mar 2024
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Close
28 Mar 2024
3
Allotment
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Listing
Thu, Apr 4, 2024
Price Band
₹95 to ₹101
Issue Size
62,82,000 shares (agg. up to ₹63 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Apr 4, 2024
Latest GMP
₹45
Est. Gain
44.55%
✦ AI Insight
GMP Trend
04-04-2024₹45Est. ₹146+44.55%
03-04-2024₹45Est. ₹146+44.55%
02-04-2024₹55Est. ₹156+54.46%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 75.84x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 39.89 | 31.19 | 19.59 | 15.90 |
| Total Income | 18.83 | 22.70 | 18.00 | 24.18 |
| Profit After Tax | 7.28 | 4.02 | 1.34 | 2.20 |
| NET Worth | 34.47 | 27.19 | 15.16 | 13.83 |
| Reserves and Surplus | 29.28 | 22.00 | 9.98 | 8.64 |
| Total Borrowing | -0.34 | -0.04 | 1.19 | -0.44 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tridhya Tech Ltd. | SME | ₹26.41 Cr | ₹42 | 26.09 | ₹44.10 | +5.00% | ₹10.50 (+3.45%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra | 15.19 |
| 2 | Investment in Procuring Hardware and upgrading IT infra | 3.00 |
| 3 | Funding for expenditure related to enhancement and upgrading existing Product | 15.00 |
| 4 | To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company | 9.03 |
| 5 | General Corporate Expenses * | 13.98 |
About Trust Fintech IPO
Incorporated in 1998, Trust Fintech Limited is a software development 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. The company offers 10+ banking products for commercial, cooperative banks, and financial institutions. These include Core Banking, Loan Origination, GST Compliance, Financial Accounting, Billing, SAP B1 services, add-on modules for statutory report generation, ATM reconciliation, anti-money laundering, agency banking, and mobile banking. The company's product portfolio consists of Banking Software Software as a Service The Flagship product of the company TrustBankCBS is a web-based software, and it is available "on-premises with infrastructure", i.e. it offers the flexibility to the customer to deploy TrustBankCBS on their own premises with customized infrastructure. The company has provided services in India, Srilanka, Nepal, California, Ghambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, and few more countries. It has a global footprint in more than 25 countries and a global customer base of more than 200 BFSI with Core
Contact Details
Trust Fintech Ltd. AddressPlot No.11/4I.T.ParkGayatri Nagar ParsodiNagpur, Maharashtra, 440022+91 - 9909647348cs@softtrust.comVisit Website