About Trust Fintech Limited
Trust Fintech Limited is launching its IPO. The offer opens for subscription on March 26, 2024, and closes on March 28, 2024
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.
What does Trust Fintech Limited do?
Trust Fintech Limited, founded by Mr. Hemant Chafale, Mr. Heramb Ramkrishna, and Mr. Mandar Kishor Deo, is a Nagpur-based company specializing in SaaS products for the BFSI sector. With over 25 years of experience, the company offers Core Banking Software, IT Solutions, ERP Implementation, and Customized Software Solutions Development, catering to banks and financial institutions globally.
The company has developed over 10 banking-related products, including Core Banking Software, Loan Origination Software, and GST compliance software, designed to meet RBI compliance requirements. Their flagship product, TrustBankCBS, caters to medium to large banks and financial institutions, offering flexibility in deployment either on-premises or in a SaaS model.
TrustBankCBS streamlines banking operations with modules for customer onboarding, KYC compliance, loan management, and treasury management, ensuring regulatory adherence and operational efficiency. MicroFinS, their cloud-based Core Banking Solution, targets smaller institutions like SACCOS and Microfinance Institutions, offering affordability and efficiency.
Trust Fintech Limited holds quality certifications including ISO 27001:2013, ISO 9001:2015, and CMMI Level 5, and has a team of over 250 employees and offices in Nagpur, Pune, and Mumbai. The company serves clients in over 15 states in India and over 10 countries globally, with plans for further expansion.
Schedule/Timeline of Trust Fintech Limited IPO
| Issue Period | 26th March to 28th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 01, 2024 |
| Initiation of Refunds | April 02, 2024 |
| Credit of Shares | April 02, 2024 |
| Date of Listing | April 03, 2024 |
| Mandate end date | April 12, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 01, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 30, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Trust Fintech Limited IPO?
You can apply for the Trust Fintech Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Trust Fintech Limited IPO?
You can check the allotment status for the Trust Fintech Limited IPO on the website of the Registrar and Transfer agent.