Trust Fintech's IPO of 62.82 lakh shares worth INR 63.45cr aims to fund expansion in Nagpur, IT upgrades, product enhancement, and corporate expenses.
Date: Mar 26 to Mar 28, 2024 Listing Date: April 4, 2024 Price: INR 95 to 101 per share Lot Size: 1200 Shares Total Issue Size: INR 63.45cr
Trust Fintech's IPO indicates revenue rebound, profitability growth, enhanced equity, making it a promising fintech investment despite revenue volatility & market competition.
Trust Fintech Limited's RoNW of 20.96% and EPS of ₹7.76 signify strong profitability. Compared to competitors, it maintains balanced financial health.
Trust Fintech faces risks from cyber threats, reliance on top BFSI clients, & regulatory changes. These may impact growth, finances, & reputation despite ISO certifications
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