What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Trust Fintech Limited IPO?

Based on the upper price band of ₹101 and current GMP of ₹45, the estimated listing price is ₹146 (approx. 44.5% gain).

What is the expected profit per lot for Trust Fintech Limited IPO?

With a lot size of 1200 shares and current GMP of ₹45, expected profit per retail application lot is approximately ₹54,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Trust Fintech Limited

ListedSME

Emerging SME Services · NSE

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.

Price Band

₹95 – ₹101

Issue Size

₹63.45 Cr

Lot Size

1200 shares

GMP

₹45

+44.5%

Est. Listing

₹146

at current GMP

Subscribed

108.71x

overall

Open

26 Mar 2024

28 Mar 2024

Allotment

2 Apr 2024

Refund

3 Apr 2024

Demat Credit

4 Apr 2024

Listing

4 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Trust Fintech Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹45+44.5%

Issue Price (Upper)

₹101

Band: ₹95 – ₹101

Estimated Listing Price

₹146

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,21,200

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹45	44.5%	₹146
30 Oct 2026	+₹45	44.5%	₹146
29 Oct 2026	+₹41	40.1%	₹142

About Trust Fintech Limited Public Issue & Market Profile

Trust Fintech Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹63.45 Crores. The shares are offered at a price band of ₹95 to ₹101 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2024-03-28, the basis of allotment is scheduled to be finalized on 2024-04-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Trust Fintech Limited IPO GMP today?

The latest grey market premium for Trust Fintech Limited IPO is ₹45, which indicates an expected listing price of ₹146.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.