1) About Trust Fintech
Trust Fintech is a Nagpur-based SaaS product We are a niche company offering core banking software, IT solutions, ERP implementation and customized software solution development, offshore IT services for SAP B1 and BFSI sectors.
2) Industry overview
The global Core Banking Software market size was valued at $12.51 billion in 2022. The market is projected to grow from $14.54 billion in 2023 to $47.37 billion by 2030, registering a CAGR of 18.4% during the forecast period.
3) Trust Fintech IPO size
IPO is a completely new thing capital The company has issued 62.8 million shares and aims to raise Rs 63 million through this issue.
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4) Trust FinTech’s IPO price range
The company is offering shares at Rs 95-101 per share and investors can bid for 1,200 shares in one lot.
5) Trust Fintech IPO Financial Performance
In the fiscal year ending September 2023, the company's sales were 188.3 billion rupees and net profit was 7.27 billion rupees.
6) Target of recruitment
The net proceeds from the offering will be used for the establishment of additional development facilities, investments in hardware procurement, expenditures related to enhancements and upgrades to existing products, global and domestic business development, sales and distribution. marketing Expenses. A portion of the proceeds will also be used for general corporate purposes.
7) Lead Manager and Registrar
For companies capital Ventures is acting as lead administrator for this matter and Bigshare Services is the registrar.
8) Publishing structure
Approximately 50% of the offer is reserved for QIB investors, 35% for retail investors and the remaining 15% for other investors.
9) Important dates
The IPO will launch on March 26th and close on March 28th. The final allocation is likely to be made on April 2nd. The company's stock is likely to be listed on April 3rd.
10) Trust Fintech GMP
The GMP of the company's shares in the private market is Rs 40.