Trust Fintech Limited
ListedSMEEmerging 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
Close
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
Overall Subscription
108.71x
Total Demand
QIB Multiplier
65.38x
Institutions & Funds
NII / HNI
244.83x
High Net-Worth
Retail (RII)
75.09x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,192,800 | 77,982,000 | 65.38x |
| NIB | 895,200 | 219,175,200 | 244.83x |
| RETAIL | 2,088,000 | 156,798,000 | 75.09x |
| Total | 4,176,000 | 453,955,200 | 108.71x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,832 | 137,565 | 75.09x |
| HNIs (10L +) | 12 | 2,938 | 244.83x |
| HNIs (2-10L) | 56 | 13,710 | 244.83x |
| Total Applications | 1,900 | 154,213 | 81.16x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Trust Fintech Limited IPO is ₹45 per equity share. Based on the upper price band of ₹95 to ₹101 per equity share, the estimated listing price is ₹146 (+44.5% expected listing 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, the expected profit per application lot is approx ₹54,000 (+44.5% gain). Minimum application cost is approx ₹1,21,200.
What is the issue size and price band for Trust Fintech Limited IPO?
The Trust Fintech Limited IPO aggregate issue size is ₹63.45 Crores with an equity price band set at ₹95 to ₹101 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,21,200.
How can I check Trust Fintech Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 108.71x (Retail: 75.09x, QIB: 65.38x, NII: 244.83x). You can track live multiples directly on our dedicated subscription page.
Where and when will Trust Fintech Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-04-02. Investors can verify status using PAN card or application number.
When is the listing date for Trust Fintech Limited IPO?
Trust Fintech Limited shares are scheduled to list on NSE on 2024-04-04.