Trust Fintech IPO GMP Today: The initial public offering (IPO) of Trust Fintech opened its subscription window on March 26, 2024. The IPO received an overwhelming response from the investors on day 1 and day 2. For interested investors, today is the last day to apply as the IPO is scheduled to close its subscription window on March 28, 2024. Check subscription status, latest GMP, price band, minimum investment criteria and other details.
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Trust Fintech IPO Subscription Status
Trust Fintech IPO witnessed a subscription of 12.36 times, with the retail category oversubscribed 18.44 times, QIB 0.32 times, and NII 14.21 times by March 27, 2024 (Day 2).
Trust Fintech IPO GMP Today: Check Latest GMP
According to multiple unlisted unlisted market tracking websites. The grey market price (GMP) of Trust Fintech is priced at Rs 45 per share.
Trust Fintech IPO Issue Size
Trust Fintech IPO is a book-built issue with a total value of Rs 63.45 crores. The offering comprises an entirely fresh issuance of 62.82 lakh shares.
Trust Fintech IPO Subscription Window Opening And Closing Date
The subscription window for Trust Fintech IPO opens on March 26, 2024, and closes on March 28, 2024.
Trust Fintech IPO Price Band
Trust Fintech IPO price band is set at Rs 95 to Rs101 per share.
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Trust Fintech IPO Lot Size And Minimum Investment
The minimum lot size for a Trust Fintech IPO application is 1200 shares. Retail investors must invest a minimum amount of Rs 1,21,200, while the minimum lot size for HNIs is 2 lots (2,400 shares), amounting to Rs 2,42,400.
Trust Fintech IPO Allotment Date
Trust Fintech allotment is expected to be finalised on Tuesday, April 2, 2024.
Trust Fintech IPO Listing Date
Trust Fintech IPO will list on NSE SME, with the tentative listing date set for Thursday, April 4, 2024.
Trust Fintech IPO Registrar And Book Running Lead Manager
Corporate Capitalventures Pvt Ltd serves as the book-running lead manager for the Trust Fintech IPO, with Bigshare Services Pvt Ltd appointed as the registrar for the issue. Ss Corporate Securities is the market maker for Trust Fintech IPO.
About Trust Fintech
Trust Fintech Limited specializes in software development, catering primarily to the BFSI sector. Their offerings include Core Banking Software, IT Solutions, ERP Implementation, Customized Software Solutions Development, SAP B1, and Offshore IT services. With a portfolio of 10+ banking products, Trust Fintech serves commercial, cooperative banks, and financial institutions, offering solutions like Core Banking, Loan Origination, GST Compliance, and more.
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Their flagship product, TrustBankCBS, is a web-based software available both on-premises and as Software as a Service. Operating globally in over 25 countries, Trust Fintech has served a customer base of 200+ BFSI institutions.
