1) About Trust Fintech
Trust Fintech is a Nagpur-based company that focuses on SaaS products, providing Core Banking Software, IT solutions, ERP Implementation, custom software solutions development, SAP B1, and offshore IT services for the BFSI sector.
2) Industry overview
The global core banking software market was valued at $12.51 billion in 2022 and is expected to grow to $47.37 billion by 2030, with a CAGR of 18.4%.
3) Trust Fintech IPO size
The IPO consists of 62.8 lakh fresh equity shares, aiming to raise Rs 63 crore.
4) Trust Fintech IPO price band
The shares are priced at Rs 95-101 each, with a lot size of 1,200 shares.
5) Trust Fintech IPO financial performance
In the period ending September 2023, the company reported revenues of Rs 18.83 crore and a net profit of Rs 7.27 crore.
6) Objects of the offer
The proceeds from the IPO will be utilized for setting up additional development facilities, hardware procurement, product enhancement, global and domestic business development, sales and marketing expenses, and general corporate purposes.
7) Lead managers and Registrar
Corporate Capital Ventures is the lead manager, and Bigshare Services is the registrar.
8) Issue structure
50% of the offer is reserved for QIB investors, 35% for retail investors, and 15% for other investors.
9) Important dates
The IPO opens on March 26 and closes on March 28, with final allotment expected on April 2 and listing on April 3.
10) Trust Fintech GMP
The company’s shares have a GMP of Rs 40 in the unlisted market.
