Trust Fintech IPO GMP Today Price: Issue to Open on March 26; Check Price Band, Listing Details. Image Source: Canva
Trust Fintech IPO GMP Today Price: Trust Fintech Ltd Initial Public Offer (IPO) will open for subscription this week. Corporate Capital Ventures is the sole book-running lead manager of the issue. The company posted a revenue of Rs 18.82 crore and its profit stood at Rs 7.27 crore during the first half of the current fiscal year, which ended September 30, 2023.
Trust Fintech IPO Price Band
A provider of SaaS product-focused fintech software solutions has fixed the price band at Rs 95-101 per share for its initial public offering.
Trust Fintech IPO Subscription Dates
The initial share sale will open on March 26 and conclude on March 28.
Trust Fintech IPO Registrar
Bigshare Services Pvt Ltd is the registrar for the IPO.
Trust Fintech IPO Details
The IPO is only a fresh issue of 62.82 lakh equity shares with a face value of Rs 10 each through the book-building route. At the upper end of the price band, the company intends to raise up to Rs 63.45 crore.
Trust Fintech Shares Listing Platform
The company’s shares will be listed on NSE’s small and medium enterprises platform Emerge.
Trust Fintech IPO Lot Size
Investors can bid for 1,200 equity shares as a minimum, and subsequently in multiples of 1,200 equity shares.
Trust Fintech IPO Objective
The firm plans to utilise the proceeds from the public issue to establish a new development facility at Mihan SEZ in Nagpur to procure hardware and upgrade IT infrastructure; to enhance, maintain, and upgrade existing products. It will also use the proceeds to fund its global and domestic business development, sales, marketing and general corporate expenses.
Trust Fintech: About Company
Trust Fintech provides core banking SaaS (software as a service) products and fintech software solutions around ERP (enterprise resource planning), implementation and customised software solutions development, and offshore IT services for the BFSI sector.
(PTI Inputs)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
