31 Mar 2021
Assets15.90
Total Income24.18
Profit After Tax2.20
NET Worth13.83
Reserves and Surplus8.64
Total Borrowing-0.44
At a glance
Updated 2026-08-24The shares listed at ₹143.25, a 41.83% move from the issue price. Trust Fintech is a SME IPO with an issue size of ₹63.45 crore, proposed for listing on NSE SME. The offer opens on 26th Mar 2024 and closes on 28th Mar 2024. The issue structure includes a fresh issue of ₹60.24 crore. The current listing schedule points to 4th Apr 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹63.45 Cr
Fresh issue₹60.24 Cr
Face value₹10
Price band₹95.00–₹101.00
Allotment2nd Apr 2024
Listing4th Apr 2024
Listing performance
Full performance ↗Issue price₹101.00
Listing price₹143.25
Current price—
Listing gain41.83%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹45.00
GMP / upper price44.55%
Est. listing₹146.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Mar 2024
Closes28th Mar 2024
Allotment2nd Apr 2024
Refund3rd Apr 2024
Demat3rd Apr 2024
Listing4th Apr 2024
Subscription demand
Full bidding ↗Total108.63×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹121,200 |
Company
Incorporated1998
Use of proceeds
| Object | Amount |
|---|---|
| To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra | ₹15.19 Cr |
| Investment in Procuring Hardware and upgrading IT infra | ₹3.00 Cr |
| Funding for expenditure related to enhancement and upgrading existing Product | ₹15.00 Cr |
| To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company | ₹9.03 Cr |
| General Corporate Expenses * | ₹13.98 Cr |
Financials
Full financials ↗31 Mar 2022
Assets19.59
Total Income18.00
Profit After Tax1.34
NET Worth15.16
Reserves and Surplus9.98
Total Borrowing1.19
31 Mar 2023
Assets31.19
Total Income22.70
Profit After Tax4.02
NET Worth27.19
Reserves and Surplus22.00
Total Borrowing-0.04
30 Sep 2023
Assets39.89
Total Income18.83
Profit After Tax7.28
NET Worth34.47
Reserves and Surplus29.28
Total Borrowing-0.34
Trend chart₹ crore
KPIs
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 23.61% |
| ROCE | 28.54% |
| RoNW | 27.51% |
| PAT Margin | 38.66% |
| Price to Book Value | 1.98 |
Valuation & shareholding
Pre-IPO EPS2.29
Post-IPO EPS6.11
Pre-IPO P/E44.05
Post-IPO P/E16.53
Promoter holding pre93.51%
Promoter holding post68.85%
Market cap₹240.63 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager fees | ₹0.15 Cr |
| Underwriting commission | ₹3.17 Cr |
| Brokerage and Selling commission | ₹3.17 Cr |
| Advertising and marketing expenses | ₹0.20 Cr |
| Fees payable to Registrar to the Issue | ₹0.07 Cr |
| Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | — |
| Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | ₹0.02 Cr |
| Printing and distribution of issue stationery: Listing fees | ₹0.01 Cr |
| Printing and distribution of issue stationery: NSE Processing | ₹0.00 Cr |
| Printing and distribution of issue stationery: Post issue related expenses | ₹0.04 Cr |
| Printing and distribution of issue stationery: Others | ₹0.03 Cr |
| Fees payable to legal counsel | ₹0.01 Cr |
| Miscellaneous | ₹0.40 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Corporate Capital Ventures Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.