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Trust Fintech debuted on NSE SME platform at a 41.8% premium. The IPO had overwhelming investor response, issuing 62.82 lakh shares. Proceeds will be utilized for various purposes including development and global expansion.
In the unlisted market, Trust Fintech's shares are commanding a GMP of Rs 45.The IPO, which was completely a fresh equity issue of 62.82 lakh shares, received an overwhelming response from investors with a subscription of 100X.
As many as five SME IPOs opened for subscription earlier on Tuesday and four of them sailed through within hours of opening, as usual, backed by strong retail interest.
The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
According to Fortune Business Insights, the global core banking software market size is projected to reach USD 47.37 billion in 2030, at a CAGR of 18.4%...