Loading...
Guest User
Welcome! Please login.
| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹63.45 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹63.45 Cr |
| Fresh Issue | ₹60.24 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹95.00-101.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TRUST |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Corporate Capital Ventures Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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
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 Banking.
The company has obtained various quality certifications, such as ISO 27001:2013 and ISO 9001:2015.
The organization operates through offices in Nagpur, Pune, and Mumbai, with a total area of 1064.42 sq. meters and more than 250 employees.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 23.61% |
| ROCE | 28.54% |
| RoNW | 27.51% |
| PAT Margin | 38.66% |
| Price to Book Value | 1.98 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.29 | 6.11 |
| P/E (x) | 44.05 | 16.53 |
| Promoter Holding | 93.51% | 68.85% |
| Market Cap | ₹240.63 Cr. | |
