Trust Fintech IPO share allotment expected to be finalised today, likely to list on April 4: Here's how to check status online

Trust Fintech Ltd IPO share allotment status is expected to be finalised on Tuesday, April 2. The SME IPO, a fresh issue of 62.82 lakh shares of a face value of ₹10 each, was oversubscribed by a massive 109 times during the three-day subscription period, which ended on Thursday, March 28.

The ₹63.45-crore public issue received bids for more than 45.39 crore shares against 41.76 lakh shares on offer.

Non-institutional investors (NIIs) led the demand, placing bids for over 21.91 crore shares and the segment was booked nearly 245 times. In the retail investors' category, the public offer was subscribed more than 75 times with biddings for more than 15.67 crore shares. The Qualified institutional buyers’ (QIBs) portion was booked over 65 times as the investors placed bids for 7.79 crore shares.

After a strong subscription, the investors are now waiting for the Trust Fintech IPO share allotment. The successful applicants will be able to check the status of the Trust Fintech IPO share allotment on the NSE website and the IPO's registrar portal.

Bigshare Services Pvt Ltd is serving as the registrar to the NSE SME IPO.

Here's a step-by-step guide to check the share allotment status on Bigshare Services Pvt Ltd's official website:

• Visit the official website of Bigshare Services at https://www.bigshareonline.com/Index.aspx .
• Click on the 'IPO Allotment Status' tab on the homepage.
• Select any one server to know your IPO allotment status.
• On the new page, select Trust Fintech from the dropdown list of companies.
• Enter any one of Application Number or CAF Number, Beneficiary ID, PAN
• Fill Captcha as shown on the computer screen.
• Click on the ‘Search’ button.

It’s important to note that the company name on the dropdown menu will appear only after the finalisation of the share allotment status. The successful bidders can see the number of shares allotted to them once the company finalises the IPO share allocation.

Here's how to check Trust Fintech IPO allotment on NSE

• Visit the official website of NSE - https://www.nseindia.com/
• Now create a registration on the portal using personal details.
• Log in to the account using registration ID and password.
• Select Trust Fintech from the dropdown list of companies.
• Enter PAN and application number.
• Click the 'Submit' button.
• IPO share allotment status will appear on screen.

Trust Fintech Ltd, a software development company specialising in core banking software and other IT solutions, will start refunds to non-allottees on Wednesday, April 3. The company will also transfer the shares to the Demat accounts of the successful bidders on the same day.

Trust Fintech Ltd IPO shares will be listed on the NSE SME platform with a tentative listing date fixed as Thursday, April 4.

Key details of Trust Fintech Ltd IPO

Trust Fintech Ltd IPO opened for subscription on March 26. Trust Fintech Ltd IPO price band was fixed at ₹95 to ₹101 per share with a minimum lot size of 1,200 shares, aggregating to an investment of ₹1,21,200.

Of the IPO, Trust Fintech Ltd offered 18.99% shares to QIBs, 14.25% to NIIs, 33.24% to retail investors and 28.46% to anchor investors.

The company raised ₹18.06 crore from anchor investors on March 22.

About Trust Fintech Ltd

Trust Fintech Ltd was set up in 1998. The company provides services like core banking software, ERP implementation, customized software solutions development, etc. It also serves clients in offshore IT services in the BFSI sector.

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