Trust Fintech Limited
₹9,898(98 Shares)
Minimum Investment
IPO Dates
Mar 26, 2024 – Mar 28, 2024
Price Band
₹95–101 per equity share
Lot Size
98
Listing
Apr 4, 2024
Listing At
BSE, NSE
Trust Fintech Limited Live Subscription Details
All IPOsAll Live IPOsNII Sub-Categories
bHNI (> ₹10L)
Bids above ₹10L
sHNI (< ₹10L)
Bids ₹2L to ₹10L
Overall Subscription
Total Bids Received
1.24x
Trust Fintech Limited IPO Issue Details
- Issue Price
- ₹144-152 Per Equity Share
- Face Value
- ₹1 Per Equity Share
- Fresh Share
- 4,34,68,553 shares(aggregating up to ₹660.72 crore)
- Listing At
- BSE, NSE
- Listing Date
- Apr 4, 2024
- Registrar
- Kfin Technologies Limited
Market Lot Details
Reservation Details
Shares Offered
87,10,560
Shares Offered
1,74,21,119
Shares Offered
2,61,31,680
Company Information
Valuations
EPS (Pre-IPO)
-7.73
P/E (Pre-IPO)
-19.66
RoNW
-47.29%
Market Cap
Cr.
Financial Information (₹ in Crores)
* All figures are in ₹ Crores unless otherwise stated.
Objectives of the Issue
- 1Expenditure towards cloud and server-related infrastructure of the company - ₹25.64 Cr
- 2Salary expenditure towards the technology and product development teams of the company - ₹193.04 Cr
- 3Expenditure towards marketing initiatives by the company - ₹39.07 Cr
- 4Expenditure towards lease payments for existing properties of the Company and wholly owned Subsidiary, TIB - ₹22.21 Cr, breakup of which is as follows: Expense by the Company
- 5Expenditure towards lease payments for existing properties of thr Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by wholly owned Subsidiary, TIB - ₹20.87 Cr
- 6Investment in its wholly owned Subsidiary, TIB, for funding its working capital requirements - ₹128.64 Cr
- 7Inorganic growth and general corporate purposes
Trust Fintech Limited – Promoter(s)
Contact Details
Corporate Office
The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Village, Andheri (East), Mumbai, Maharashtra, 400099
Trust Fintech Limited Allotment & Registrar Details
Check AllotmentKfin Technologies Limited
Trust Fintech Limited IPO Documents
Frequently Asked Questions — Trust Fintech Limited IPO
The Trust Fintech Limited IPO price band is set at ₹95.00 to ₹101.00 per equity share.
The lot size for Trust Fintech Limited IPO is 98 shares per lot. The minimum investment amount is approximately ₹9,898.
The Trust Fintech Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.
Trust Fintech Limited IPO is expected to be listed on Apr 4, 2024 on BSE, NSE.
The current GMP for Trust Fintech Limited IPO is ₹0, suggesting an expected listing price of around ₹95.00. Note: GMP is an unofficial market indicator.
The registrar for Trust Fintech Limited IPO is Kfin Technologies Limited. You can contact them at turtlemint.ipo@kfintech.com.
