Today: Jun 23, 2024

Trust Fintech IPO: Find size, price, dates, and details.

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TLDR:

Trust Fintech IPO price band set at ₹95 to ₹101 per share. Subscription opens on March 26 and closes on March 28. Lot size is 1,200 shares.

In the latest development, Trust Fintech IPO has announced a price band of ₹95 to ₹101 per equity share of face value of ₹10 each. The subscription for the IPO will open on March 26 and close on March 28, with a lot size of 1,200 shares. The company offers offshore IT services, Fintech software solutions, and ERP implementation for the BFSI sector.

The IPO consists of a fresh issue of 62,82,000 equity shares, aiming to raise approximately ₹63.45 crore at the upper band. The net proceeds will be used for global and domestic business development, sales and marketing costs, and establishing a new development facility in Nagpur.

The floor price is set at 9.50 times the face value, and the cap price at 10.1 times the face value of the equity shares. Trust Fintech IPO presents an opportunity for investors to tap into the growing Fintech sector and participate in the company’s expansion plans.