IPO Details
Bidding Dates
26 Mar 24 - 28 Mar 24
Price Range ₹
95 - 101
Total Equity
₹ 63.45Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Mar 2024
Offer end
28 Mar 2024
Allotment
02 Apr 2024
Refund initiation
03 Apr 2024
Demat transfer
03 Apr 2024
Listing
04 Apr 2024
Offer start
26 Mar 2024
Offer end
28 Mar 2024
Allotment
02 Apr 2024
Refund initiation
03 Apr 2024
Demat transfer
03 Apr 2024
Listing
04 Apr 2024
About Company
Established in 1998, Trust Fintech Limited is a software development firm specializing in delivering Core Banking Software, IT Solutions, ERP Implementation, Customized Software Solutions Development, SAP B1, and Offshore IT services tailored for the BFSI sector. With a suite of over 10 banking products designed for commercial, cooperative banks, and financial institutions, the company offers solutions such as Core Banking, Loan Origination, GST Compliance, Financial Accounting, Billing, SAP B1 services, as well as additional modules for statutory report generation, ATM reconciliation, anti-money laundering, agency banking, and mobile banking.
Year Founded
15-12-1998
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.51 | 68.85 |
| Share Capital | 16404717 | 16404717 |
Offer to Public
62,82,000.00 Cr
Project Details
- To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company - 90.26cr
- Investment in Procuring Hardware and upgrading IT infra - 30cr
- To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur - 151.863cr
- Funding for expenditure related to enhancement and upgrading existing Product - 150.04cr
Objectives
- 1) To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.2) Investment in procuring hardware and upgrading IT infra
- 3) Funding of expenditure related to enhancement, maintenance and upgrading existing Product
- 4) To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company
- and5) General Corporate Expenses
Highlights
- Proficient in Advanced Technologies, equipped to harness cutting-edge tools and solutions for optimal performance.
- Dynamic and Technically Proficient Operations Team, comprised of young talent that excels in unleashing creativity to its fullest potential.
- Experienced Promoters with over 31 years of hands-on experience in Software Delivery, ensuring a wealth of knowledge and insight.
- Established Global Footprint showcasing the company's reach and impact on an international scale.
- Seasoned Promoters and Management Team boasting substantial industry expertise and a proven track record of success.
Challenges
- Concentrated Revenue from Top 10 Clients, indicating a risk of business disruption and reduced profitability if any major client is lost.
- Heavy Reliance on Trust Bank CBS for Revenue Generation, making the business significantly impacted by the loss of key clients.
- Vulnerability to Disruptions in IT Systems or Data Breaches, posing threats to business continuity and the company's reputation.
- Exposure to Claims of Intellectual Property Breach, heightening the risk of legal challenges related to third-party rights.
- Pending Logo Registration under Class 42, potentially leaving the company's intellectual property vulnerable and unprotected from infringement.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 3,13,339.84 | 51,848.68 | 219.66 | 219.66 | 1.3239 |
| 2021 | 1,590.01 | 518.49 | 1,25,016.96 | 1,25,016.96 | 7.1262 |
| 2024 | 5,24,425.44 | 1,75,432.00 | 1,25,016.96 | 1,25,016.96 | 7.1262 |
| 2022 | 1,956.05 | 518.49 | 133.66 | 133.66 | 0.8056 |
