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TCS, HDFCBANK, SBI Liquid Fund (G)
Trust Fintech Ltd.

TRUST

Equity

NSE

Min. Investment

95,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage93.5168.85
Share Capital1640471716404717

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20211,590.01518.4940,221.1440,221.142.4242
20233,13,339.8451,848.68133.66133.660.8056
20221,956.05518.4940,221.1440,221.142.4242
20245,24,425.441,75,432.0040,221.1440,221.142.4242
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