Trust Fintech Ltd - IPO

Trust Fintech Ltd IPO Details

Public issue of 62,82,000 equity shares of face value of Rs. 10 each (Equity Shares) of Trust Fintech Limited (the Company or the Issuer) for cash at a price of Rs. 101 per equity (the Issue Price) aggregating to Rs. 63.45 crores (The Issue) comprising of a fresh issue of 62,82,000 equity shares aggregating to Rs. 63.45 crores (the Fresh Issue) of which 3,18,000 equity shares aggregating to Rs. 63.45 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 59,64,000 equity shares aggregating to Rs. 60.24 crores (the Net Issue). The issue and the net issue will constitute 26.37% and 25.03% respectively of the post issue paid up equity share capital of the company.

Objective of issue

To setup additional development facility instalment of fit outs and interior design work in. Investment in procuring hardware and upgrade IT Infra. Funding for expenditure related to enhancement and upgrading existing product. To meet out the Global & Domestic Business Development sales and marketing expenses for the company. General corporate expenses.

Trust Fintech Ltd Contact Details

Trust Fintech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@softtrust.com

Website - www.softtrust.com