Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Markets / Ipo/  Trust Fintech IPO allotment finalised today; latest GMP, steps to check status
BackBack

Trust Fintech IPO allotment finalised today; latest GMP, steps to check status

Trust Fintech IPO share allotment has been finalised today. Investors can check allotment status on Bigshare Services Pvt Ltd webpage. Refund procedure for unsuccessful applicants starts on Wednesday. Trust Fintech IPO listing on Thursday, April 4 on NSE SME.

Trust Fintech IPO share allotment will be finalised today (Tuesday, April 2). (Image Credit: https://www.softtrust.com/) (https://www.softtrust.com/)Premium
Trust Fintech IPO share allotment will be finalised today (Tuesday, April 2). (Image Credit: https://www.softtrust.com/) (https://www.softtrust.com/)

Trust Fintech IPO allotment date: Trust Fintech IPO share allotment has been finalised today (Tuesday, April 2). On the Bigshare Services Pvt Ltd webpage, the Trust Fintech IPO registrar, investors who applied for the issue may check the Trust Fintech IPO allotment status.

The basis of allotment allows investors to know if and how many shares they have been allocated. In the IPO allotment status, the number of shares allocated is also revealed. For applicants who failed to receive shares, the company will start the refund procedure. The shares of individuals that are allocated will be received in their demat accounts.

Also Read: Trust Fintech IPO: Check issue size, price band, key dates, more

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

The demat account of individuals who received shares will be credited on Wednesday, April 3. Once today's allotment is finalized, the refund procedure will likewise start on Wednesday.

Trust Fintech IPO listing date is fixed for Thursday, April 4 on NSE SME.

If you have applied for the Trust Fintech IPO, you can do a Trust Fintech IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.html

Step 1

Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html- Trust Fintech IPO allotment link

Step 2

Select "Trust Fintech IPO" in company name section.

Step 3

Select 'Application No/CAF No or Beneficiary ID or PAN Number.

Step 4

Click at 'Search'

You can check out your Trust Fintech IPO on your phone or on the  PC.

Also Read: Trust Fintech IPO: SME issue subscribed over 11 times on day 2; check subscription status, GMP, other details

Trust Fintech IPO GMP today

Trust Fintech IPO GMP or grey market premium is +61. This indicates Trust Fintech share price were trading at a premium of 61 in the grey market, according to investorgain.com

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Trust Fintech share price is 162 apiece, which is 60.4% higher than the IPO price of 101.

Today's IPO GMP indicates higher and anticipates a strong listing based on the activity of the grey market during the past 51 sessions. Investorgain.com analyses show that the highest GMP is 61 and the lowest is 0.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Trust Fintech Limited files draft papers with NSE Emerge to launch IPO

Trust Fintech IPO details 

Trust Fintech IPO, which is worth 63.45 crore, is made up of fresh issue of 6,282,000 equity shares, of a face value of 10. 

The following goals will be followed by the firm with the net fresh issue proceeds: setting up an extra development facility, installing fit outs, and interior design work in Nagpur, Maharashtra; Investment in acquiring hardware and upgrading IT infra; funding of spending connected to improvement, maintenance and updating current Product; to meet the Global & Domestic Business Development, Sales and Marketing expenditures for the organisation; and general corporate expenses.

The Trust Fintech IPO's book running lead manager is Corporate Capitalventures Pvt Ltd, and the issue's registrar is Bigshare Services Pvt Ltd. The market maker for Trust Fintech IPO is Ss Corporate Securities.

Also Read: Naman In-Store share price makes a bumper debut, stock opens with 40% premium at 125 apiece on NSE SME

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 02 Apr 2024, 02:21 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App