Trust Fintech Limited IPO
Trust Fintech Limited IPO
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Trust Fintech Limited's successfully transitioned to public market status with its listing on NSE on 04-04-2024. The IPO mobilized 62,82,000 Shares in cumulative capital, including 62,82,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹95 to ₹101, with minimum investment lots of 1200 shares. subscription activity between 26-03-2024 and 28-03-2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 02-04-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Trust Fintech IPO About Company
Trust Fintech Limited, established in 1998, has emerged as a leading software development company specializing in IT solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Offering a diverse range of products, including Core Banking Software, ERP Implementation, and Customized Software Solutions, the company has built a strong reputation for innovation and reliability. Its flagship product, TrustBankCBS, a web-based Core Banking solution, provides flexible deployment options tailored to the unique needs of financial institutions. With a global presence spanning over 25 countries, including India, Sri Lanka, and Africa, Trust Fintech serves more than 200 BFSI entities, reinforcing its industry leadership. The company's commitment to quality is evident in its ISO 27001:2013 and ISO 9001:2015 certifications. Supported by a team of over 250 professionals across offices in Nagpur, Pune, and Mumbai, Trust Fintech continues to drive digital transformation, equipping financial institutions with cutting-edge software solutions to enhance operational efficiency and customer experience.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Trust Fintech IPO Strength Factors
- Global Expansion Opportunities: The company's presence in 25+ countries enables it to leverage diverse markets, reduce regional risk exposure, and capitalize on international demand for fintech solutions.
- Experienced Leadership: The 31+ years of experience among its promoters provide strategic stability, ensuring informed decision-making and industry adaptability.
- Innovative Workforce: A technically proficient and creative operations team enhances product innovation, service delivery, and responsiveness to evolving market needs.
Trust Fintech IPO Risk Factors
- Intellectual Property Risks: The lack of legal ownership of its logo and inadequate IP protection exposes the company to potential infringement disputes, loss of brand identity, and weakened market positioning. Strengthening IP protections is critical to mitigating this risk.
- IT and Data Security Concerns: Cybersecurity threats and IT disruptions could lead to data breaches, operational downtime, and regulatory penalties, affecting customer trust and financial stability. Implementing robust security protocols and risk management strategies is essential.
- BFSI Sector Dependence: Heavy reliance on BFSI clients makes the company vulnerable to economic downturns and industry-specific challenges. Diversifying into other sectors could enhance revenue stability and reduce sector-related risks.
Trust Fintech IPO Lead Manager(s)
- Corporate Capitalventures Private Limited
Trust Fintech IPO Promoter(s)
- Mr. Hemant Padmanabh Chafale
- Mr. Sanjay Padmanabh Chafale
- Mr. Heramb Ramkrishna Damle
- Mr. Anand Shankar Kane
- Mr. Mandar Kishor Deo.
Trust Fintech IPO FAQs
Trust Fintech Limited IPO subscribed 108.71 times. The public issue subscribed 75.09 times in the retail category,65.38times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 9:20:23 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Trust Fintech IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Trust Fintech IPO FAQs
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