Trust Fintech Ltd.
Industry:
IT - Software
Issue Details
Open Date
26 Mar 2024Close Date
28 Mar 2024Size (in Crs.)
63.4482
Size (Shares)
-Listing On
NSE
Issue Terms
Price Range
-6Lot Size
1200
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
1) To Setup additional Development facility, instalment of fit outs and interior design works in Nagpur, Maharashtra.2) Investment in procuring hardware and upgrading IT infra;3) Funding of expenditure related to enhancement, maintenance and upgrading existing Product;4) To meet out the Global & Domestic Business Development, Sales and Marketing expenses for the company; and5) General Corporate Expenses
Description
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. TFL was founded by Mr. Hemant Chafale, Mr. Heramb Ramkrishna, Mr. Mandar Kishor Deo with a focus on delivering secured core banking solutions & world-class technology solutions to a virtually integrated banking and financial eco-system. The company has... Show More
Address
Plot No.11/4, I. T. Park , Gayatri Nagar , Parsodi
Nagpur
440022
Promoter Holding
Promoters:
Anand Shankar Kane, Hemant Padmanabh Chafale, Heramb Ramkrishna Damle, Mandar Kishor Deo, Sanjay Padmanabh Chafale
Total Share Capital
16404717
Offered to Public
6282000
% Promoter's Holding (Pre-Issue)
93.51
% Promoter's Holding (Post-Issue)
68.85
Shares on offer
Total Share Offer
16404717
Of above offred to public
6282000
Post Issue shares
NA
Post Issue Promoters
68.85
Lead Managers to the Issue:
Corporate Capital Ventures Pvt Ltd.
Registrar Details
Registrar Name:
Bigshare Services Pvt Ltd
Address
Office No S6-2, 6th Floor, Pinnacle Business Park , Next to Ahura Centre, Mahakali Caves Road , Andheri (E) , Mumbai
400093