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Trust Fintech IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Nagpur and caters to Banking And Finance - FinTech sector. Corporate Capital Ventures Private is the merchant banker of Trust Fintech IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th January 2024.
Trust Fintech IPO open date is 26th March 2024 and close date is 28th March 2024. IPO Allotment Date is 2nd April 2024 and Listing date is 4th April 2024.Trust Fintech IPO size is Rs 63.45 Cr. crores with IPO price of Rs 101.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Corporate Capital Ventures Private Limited is the book-running lead manager of the Trust Fintech IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Ss Corporate Securities Limited for Trust Fintech IPO.
Trust Fintech IPO anchor investors are the below investors. The number of anchor investors in this IPO is 8.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Persistent Growth Fund- | 446,000.00 | ₹101.00 | ₹45,046,000.00 |
| FINAVENUE CAPITAL TRUST | 147,600.00 | ₹101.00 | ₹14,907,600.00 |
| Astrone capital VCC | 199,200.00 | ₹101.00 | ₹20,119,200.00 |
| Chanakya Opportunities Fund | 144,000.00 | ₹101.00 | ₹14,544,000.00 |
| Vikasa India EIF | 300,000.00 | ₹101.00 | ₹30,300,000.00 |
| Craft Emerging Market | 153,600.00 | ₹101.00 | ₹15,513,600.00 |
| Craft Emerging Market | 198,000.00 | ₹101.00 | ₹19,998,000.00 |
| Acintyo Investment Fund | 199,200.00 | ₹101.00 | ₹20,119,200.00 |
Trust Fintech IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Trust Fintech IPO, based in Nagpur, operates in the Banking And Finance - FinTech sector with a focus on software development company that specializes in providing Core Banking Software. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Trust Fintech IPO size is ₹ 63.45 Cr. Crores with fresh issue size of Rs 63.45 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Trust Fintech IPO is expected to be 2nd April 2024, after the finalization of basis of allotment. Investors can check Trust Fintech IPO allotment status on the registrars website, Bigshare Services Private Limited. Trust Fintech IPO refund dates are 3rd April 2024.
Trust Fintech IPO is expected to be listed on 4th April 2024.
The upper price band for the Trust Fintech IPO is set at ₹ 101.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Trust Fintech IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Trust Fintech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th March 2024. After submission, funds are blocked until the basis of allotment of Trust Fintech IPO is finalised.
The merchant banker for Trust Fintech IPO is Corporate Capital Ventures Private Limited . Corporate Capital Ventures Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Trust Fintech IPO RHP for further details.
The registrar for Trust Fintech IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Trust Fintech IPO through their official website or helpline.
Trust Fintech IPO was subscribed 108.63 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 63.45 Cr.
Avg IPO Size (Sector Based)
:
₹ 36.74 Cr.
Sector: Banking And Finance - FinTech
SME IPO so far:
10
Merchant Banker:
Corporate Capital
SME IPO by BRLM so far:
47
City:
Nagpur
SME IPO so far:
17
Revenue (annualised):
₹ 37.64 cr.
PE
Ratio:
16.53x
Average Sector PE Ratio: 28.33x
Trust Fintech IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Trust Fintech Financial Review Page
Merchant Banker(s) of Trust Fintech IPO: Corporate Capital Ventures Private Limited
Trust Fintech IPO subscription was 108.63 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Trust Fintech IPO listed at a listing price of 150.40 against the offer price of 101.00.
The current market price of Trust Fintech is 77.70.
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