Trust Fintech IPO

Trust Fintech Limited

₹1,14,000 /1200 sharesMinimum Investment

Trust Fintech IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Mar ‘24 - 28 Mar ‘24₹1,14,0001,200₹95 - ₹101
Issue SizeIPO Doc
63.45Cr
RHP PDF

About Trust Fintech

Trust Fintech Limited is a Nagpur-based SaaS (software as a service) company that offers Core Banking Software, IT Solutions, ERP Implementation, Customized Software Solutions Development, SAP B1 services, and Offshore IT services for the BFSI sector. The company’s offerings are primarily divided into two categories, Banking software and Other solutions. Some of the banking products offered by the company for commercial, cooperative banks, and financial institutions include Core Banking, GST Compliance, Loan Origination, anti-money laundering, Billing, Financial Accounting, add-on modules for statutory report generation, SAP B1 services, ATM reconciliation, agency and mobile banking. Trust Fintech Limited holds certain quality certifications including ISO 27001:2013 for information security management, ISO 9001:2015 for quality management, and CMMI Level 5 for software development process maturity. The company’s offices are situated in Nagpur, Pune, and Mumbai. ;
Founded in
1998
Managing director
Mr. Hemant Padmanabh Chafale
Parent organisation
Trust Fintech Limited

Strengths & Financials of Trust Fintech

Strengths
Risks
The company offers software solutions for Core Banking, ERP Implementation, and Customized Software Development. It offers over ten banking-related products serving commercial and cooperative banks and financial institutions.
In Fiscal years 2021, 2022, 2023, and the six-month period ended September 30, 2023, 62.27%, 45.92%, 35.42%, and 43.15% respectively, of the company's revenues were generated from existing customers.
The company holds multiple government / semi-government empanelments. Two of them include, empanelled by Government of India as a GSP (Goods and Services Tax) Service Provider and empanelled by the Government of Maharashtra as an IT Service Provider for state-wise computerization initiatives.
The company holds copyrights for its software products, including "TrustBankCBS," "MicroFinS," "Trust Bank Software," and "Power Plant Monitoring System (PPMS)."
The company's Core Banking Solutions and ERP Solutions are offered to established companies in both the private and public sectors. Some of the company’s clients include the International Bank of Liberia, NABARD Financial Services Ltd., Bank of Maharashtra, Syndicate Bank, and Dena Bank.

Trust Fintech Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Trust Fintech IPO

Apply asPrice bandApply upto
Regular95 - 101₹2 Lakh
High Networth Individual95 - 101₹2 - 5 Lakh
For Trust Fintech IPO, eligible investors can apply as Regular.
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