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Trust Fintech Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Trust Fintech Ltd IPO

Registered Office: Plot # 11/4 IT Park,Gayatri Nagar Parsodi , Nagpur - 440022 , Maharashtra , India.
Phone : +91 99096 47348   Fax:
Email :  cs@softtrust.com  
Website :  www.softtrust.com
Public issue of 62,82,000 equity shares of face value of (Rs)10 each ("Equity Shares") of Trust Fintech Limited (the "Company" or the "Issuer") for cash at a price of (Rs)101 per equity (the "Issue Price") aggregating to (Rs)63.45 crores ("The Issue") comprising of a fresh issue of 62,82,000 equity shares aggregating to (Rs)63.45 crores (the "Fresh Issue") of which 3,18,000 equity shares aggregating to (Rs)63.45 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 59,64,000 equity shares aggregating to (Rs)60.24 crores (the "Net Issue"). The issue and the net issue will constitute 26.37% and 25.03% respectively of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Mar-24 28-Mar-24 (Rs)101.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 56.20
Corporate Capitalventure Pvt Ltd
Project Financed through Current Offer 63.45  
Post Issue Equity Share Capital 23.83  
Issue Price (Rs)101.00  
 
Projects
To setup additional development facility instalment of fit outs and interior design work inTo meet out the Global & Domestic Business Development sales and marketing expenses for the company
Investment in procuring hardware and upgrade IT InfraGeneral corporate expenses
Funding for expenditure related to enhancement and upgrading existing product
Promoted By
Hemant Padmanabh Chafale  
Sanjay Padmanabh Chafale  
Heramb Ramkrishna Damle  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd