Trust Fintech Limited is a Nagpur-based SaaS product-focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector.
They have invested in developing banking-related products for Commercial and Cooperative Banks and Financial Institutions. These include Core Banking Software, Loan Origination software, GST compliance software, Financial Accounting and Billing Software, GST Suvidha provider, SAP B1 Services, various add-on modules for Statutory Report Generation, ATM Reconciliation, Anti-Money Laundering, Agency Banking, Mobile Banking leveraging end to end solutions to address the evolving needs of banking solutions.
The global core banking software market size was valued at $12.51 billion in 2022. The market is projected to grow from $14.54 billion in 2023 to $47.37 billion by 2030, exhibiting a CAGR of 18.4% during the forecast period. The expansion of the industry can help the growth of organisations like Trust Fintech.
Trust Fintech Ltd IPO Details
Trust Fintech Ltd IPO Dates
The dates for bidding for the Trust Fintech IPO are March 26, 2024 to March 28, 2024.
Trust Fintech Ltd IPO Price Band
Trust Fintech is a book-built IPO. The exact price is ₹95 to ₹101 per share.
Trust Fintech Ltd IPO Lot Size
The Trust Fintech Ltd IPO lot size is 1,200 shares per lot.
Trust Fintech Ltd IPO Objectives
The net proceeds from the IPO are proposed to be utilised towards the following objectives:
- To set up additional development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.
- Investment in procuring hardware and upgrading IT infra.
- Funding of expenditure related to enhancement, maintenance and upgrading existing Products.
- To meet Business Development, Sales and Marketing expenses for the company.
- General corporate expenses.
Peer Details
The following are the listed peers of Trust Fintech in India:
- Network People Services Technologies Limited
- Veefin Solutions Limited
How To Check the Allotment Status of the Trust Fintech Ltd IPO?
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- Go to the IPO Section and then to IPO Orders.
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Contact Details of Trust Fintech Ltd.
Registered office: Plot No. 11/4, I.T. Park, Gayatri Nagar Parsodi, Nagpur, Maharashtra, India - 440022.
Phone: +91 - 9909647348
E-mail: cs@softtrust.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 |
|---|---|---|
| Total Revenue (in ₹ lakh) | 2,270.19 | 1,800.00 |
| Net Profit (in ₹ lakh) | 402.21 | 133.66 |
| ROCE | 20.07% | 11.03% |
| ROE | 18.99% | 9.22% |
Know before investing
Strengths
2Significant disruptions in information technology systems or breaches of data security could affect their business and reputation. They may also face cyber threats on a regular basis.
Their top 10 clients contributed approximately 82.10%, 78.78% and 86.87% of their revenue from operations based on restated financial statements for the fiscal 2023, 2022 and 2021, respectively.
Risks
2They are a one stop shop solution provider in secure Core Banking Solutions, ERP Implementation and Customised Software Solutions Development. It helps them build a stronger relationship with their clients.
The company holds significant empanelments with the Government on India. These prestigious empanelments not only validate their standing as a trusted vendor but also position them favourably for upcoming opportunities or to participate in upcoming projects in diverse sectors.
