Trust Fintech Limited

TRUST

₹95-101

per share

Bidding Dates

26-28 Mar

Min. Investment

₹1,14,000.00

Lot Size

1200 shares

Issue Size

₹63.45 Cr

IPO Timeline

Bidding starts

26 Mar ‘24

Bidding ends

28 Mar ‘24

Allotment finalisation*

02 Apr ‘24

Refund initiation*

03 Apr ‘24

Demat transfer

03 Apr ‘24

Listing

04 Apr ‘24

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Trust Fintech Limited

Trust Fintech Limited, founded in 1998 and headquartered in Nagpur, specializes in providing SaaS products and IT solutions tailored to the banking, financial services, and insurance (BFSI) sector. Over its 25-year journey, the company has adapted to technological advancements and market shifts, culminating in its current business model and product offerings.

Key offerings from Trust Fintech include:

Core Banking Software: TrustBankCBS, the flagship product, offers a comprehensive suite of modules designed to streamline banking operations. It facilitates various functions such as customer onboarding, KYC compliance, loan management, digital banking interfaces, and treasury management.

IT Solutions: The company provides a range of IT solutions including ERP implementation, customized software development, and offshore IT services tailored to the BFSI sector.

Banking Products: Trust Fintech has developed over 10 banking-related products catering to commercial and cooperative banks as well as financial institutions. These products cover areas such as loan origination, GST compliance, financial accounting, billing, ATM reconciliation, anti-money laundering, agency banking, and mobile banking.

SAP B1 Services: Trust Fintech offers services related to SAP Business One, including implementation, support, and add-on development, to enhance operational efficiency and business processes.

Global Expansion: Trust Fintech is expanding its business footprint both in India and globally, catering to diverse markets including Sri Lanka, Nepal, California, Gambia, Tanzania, Ghana, Liberia, Nigeria, Zimbabwe, among others.

Regulatory Compliance: All products and solutions offered by Trust Fintech are designed with compliance in mind, particularly adhering to RBI regulations. The company ensures that its solutions are flexible and configurable to accommodate changes in policies and regulatory requirements.

Customization and Flexibility: Trust Fintech's core banking software, TrustBankCBS, is highly customizable to meet the specific needs of banks and financial institutions. It can be tailored to comply with central bank requirements and is designed with a configurable architecture to incorporate changes seamlessly.

Overall, Trust Fintech Limited stands out for its commitment to innovation, regulatory compliance, and customer-centric approach in delivering cutting-edge solutions to the BFSI sector.

Trust Fintech Limited invites investors to join us on our journey towards retail excellence and sustainability. With a proven track record of success, a diverse portfolio of offerings, and a steadfast commitment to innovation, we are well-positioned for continued growth and prosperity. Together, let us shape the future of retail and create lasting value for generations to come.

To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.
Investment in procuring hardware and upgrading IT infra;
Funding of expenditure related to enhancement, maintenance and upgrading existing Product;
To meet the Global & Domestic Business Development, Sales and Marketing expenses for the company; and
General Corporate Expenses

Here are key details about the Trust Fintech Limited IPO:

Company Name	Trust Fintech Limited	Trust Fintech Limited IPO Opening Date	March 26, 2024
Company Established On	1998	Trust Fintech Limited IPO Allotment Status	April 2, 2024
Trust Fintech Limited IPO Closing Date	March 28, 2024	Trust Fintech Limited IPO Listing Date	April 4, 2024
Credit of Shares to the Demat Account	April 3, 2024	Trust Fintech Limited IPO Lot Size	1200 Shares
Trust Fintech Limited IPO Face Value	₹10 per share	Trust Fintech Limited IPO to be Listed on	NSE
Trust Fintech Limited IPO Issue Size	₹63.45 Cr	Trust Fintech Limited IPO Price band	₹95 to ₹101 per share

IPO analysis

Registrar information

Name

Bigshare Services Pvt Ltd

Phone number

+91-22-6263 8200

Email ID

ipo@bigshareonline.com

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