Trust Fintech Limited(NSE SME)
Mar 26, 2024 - Mar 28, 2024
| Price | ₹95 - ₹101 |
| Premium | ₹45 |
|---|---|
| Lot size | 1200 |
| Allotment | Apr 2, 2024 |
| Listing | Apr 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 121200 | 1740 |
| HNI | 2 | 2400 | 242400 | 746 |
Last updated on 28-Mar-2024 17:00:30
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1192800 | 77982000 | 65.38 |
| NIB | 895200 | 219175200 | 244.83 |
| RETAIL | 2088000 | 156798000 | 75.09 |
| Total | 4176000 | 453955200 | 108.71 |
| Retail Apps | 130665 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹33.2 | @8% ₹37.94 | @9% ₹42.68 | @10% ₹47.42 | @11% ₹52.17 | @12% ₹56.91 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| PERSISTENT GROWTH FUND- VARSU INDIA GROWTH STORY SCHEME 1 | 4,46,400 | 24.97% | 4.51 |
| VIKASA INDIA EIF I FUND - INCUBE GLOBAL OPPORTUNITIES | 3,00,000 | 16.78% | 3.03 |
| ACINTYO INVESTMENT FUND PCC - CELL 1 | 1,99,200 | 11.14% | 2.01 |
| ASTRONE CAPITAL VCC - ARVEN | 1,99,200 | 11.14% | 2.01 |
| CRAFT EMERGING MARKET FUND PCC- CITADEL CAPITAL FUND | 1,98,000 | 11.07% | 2.00 |
| CRAFT EMERGING MARKET FUND PCC-ELITE CAPITAL FUND | 1,53,600 | 8.59% | 1.55 |
| FINAVENUE CAPITAL TRUST- FINAVENUE GROWTH FUND | 1,47,600 | 8.26% | 1.49 |
| CHANAKYA OPPORTUNITIES FUND I | 1,44,000 | 8.05% | 1.45 |
| Total | 17,88,000 | 100.00% | 18.06 |
Trust Fintech IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.24% | 2088000 |
| NII (HNI) | 14.25% | 895200 |
| Anchor | 28.46% | 1788000 |
| QIB | 18.99% | 1192800 |
| Market Maker | 5.06% | 318000 |
| Total | 100.00% | 6282000 |
Trust Fintech Limited, established in 1998, stands as a pioneering force in the realm of software development, particularly catering to the Banking, Financial Services, and Insurance (BFSI) sector. With a comprehensive suite of offerings including Core Banking Software, ERP Implementation, and Customized Software Solutions Development, Trust Fintech has carved a niche for itself in delivering cutting-edge IT solutions tailored to meet the diverse needs of commercial, cooperative banks, and financial institutions. Its flagship product, TrustBankCBS, a web-based Core Banking solution, exemplifies the company's commitment to innovation and flexibility, offering clients the option for on-premises deployment with customized infrastructure. Spanning across India, Sri Lanka, Africa, and other global destinations, Trust Fintech's global footprint encompasses over 25 countries, serving a customer base exceeding 200 BFSI entities. Upholding stringent quality standards, the company has earned prestigious certifications such as ISO 27001:2013 and ISO 9001:2015, underscoring its unwavering dedication to excellence. With a workforce of over 250 employees spread across offices in Nagpur, Pune, and Mumbai, Trust Fintech continues to drive digital transformation and empower financial institutions worldwide with its innovative software solutions and unwavering commitment to customer satisfaction.
Trust Fintech IPO Details
| Issue Size | 6,282,000 shares (aggregating up to ₹63.45 Cr) |
| Fresh Issue | 6,282,000 shares (aggregating up to ₹63.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,543,200 |
| Share holding post issue | 23,825,200 |
| Market Maker portion | 318,000 shares SS Corporate Securities |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 23.61% | 18.99% | 9.22% |
| ROCE | 28.54% | 20.07% | 11.03% |
| RONW | 27.51% | 20.96% | 8.81% |
| EPS (basic & diluted) | 14.04 | 7.76 | 2.58 |
| P/BV | 1.98 | ||
| P/E (Pre IPO) | 44.05 |
Company Financials
Trust Fintech Limited Financial Information (Restated Standalone)
Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 3,989.43 | 3,118.89 | 1,958.72 | 1,590.01 |
| Revenue | 1,883.13 | 2,270.19 | 1,800.00 | 2,417.94 |
| Profit | 727.95 | 402.21 | 133.66 | 219.66 |
| Net Worth | 3,446.55 | 2,718.60 | 1,516.39 | 1,382.73 |
| Reserves | 2,928.06 | 2,200.11 | 997.90 | 864.25 |
| Borrowing | -34.32 | -3.80 | 118.69 | -44.34 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Established Global Presence: With a footprint extending across more than 25 countries, Trust Fintech demonstrates its ability to effectively navigate and serve diverse international markets. This global presence not only enhances the company's market reach but also provides opportunities for growth and revenue diversification beyond domestic borders.
Experienced Promoters: The company benefits from the leadership of experienced promoters with a combined experience of over 31 years in software delivery. This wealth of experience brings invaluable insights, industry knowledge, and strategic vision to the organization, facilitating informed decision-making, innovation, and sustained growth.
Versatile and Technically Sound Operation Team: Trust Fintech boasts a dynamic and technically proficient operation team comprising young talents who excel in creativity and innovation. This versatile team not only possesses the technical expertise required to develop cutting-edge software solutions but also demonstrates a keen understanding of market dynamics and customer needs, enabling the company to stay ahead of industry trends and deliver superior products and services.
Risk Factors
Intellectual Property Vulnerability: The company's inability to secure legal ownership of its logo or adequately protect its intellectual property rights may leave it vulnerable to infringement claims or unauthorized use of its proprietary assets. This could result in legal disputes, reputational damage, and loss of competitive advantage.
Information Technology Disruptions and Data Security Breaches: Significant disruptions in the company's information technology systems or breaches of data security could compromise sensitive information, disrupt operations, and erode customer trust. Such incidents may lead to financial losses, regulatory penalties, and reputational harm, adversely impacting the company's business continuity and growth prospects.
Dependency on BFSI Clients: Trust Fintech's revenue is heavily reliant on clients in the Banking, Financial Services, and Insurance (BFSI) segment. Any economic slowdown or adverse factors affecting this sector, such as regulatory changes, financial market instability, or shifts in consumer behavior, could lead to reduced client spending, project cancellations, or contract terminations, thereby adversely affecting the company's financial performance and profitability.
Trust Fintech IPO Lead Manager(s)
- Corporate Capitalventures Pvt Ltd
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html