Fintech SaaS Solutions Provider Trust Fintech Files DRHP For NSE Emerge Listing

Fintech SaaS Solutions Provider Trust Fintech Files DRHP For NSE Emerge Listing

SUMMARY

Trust Fintech’s IPO will comprise a fresh issue of 62,82,000 equity shares

Trust Fintech plans to utilise net proceeds from the offering to establish a new development facility in Nagpur, to procure hardware and upgrade IT infrastructure, among others

Founded in 1998, the company provides core banking SaaS products and fintech software solutions, and SAP B1 and offshore IT services for the BFSI sector

Fintech SaaS company Trust Fintech Limited had filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge to raise funds via an initial public offering (IPO).

The company’s IPO will comprise fresh issuance of 62,82,000 equity shares, each with a face value of INR 10.

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