Trust Fintech IPO Subscribed 108.63 times
Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024. Allotment is scheduled for Tuesday, April 2, 2024, with listing on NSE SME tentatively set for Thursday, April 4, 2024.
Price band for Trust Fintech IPO ranges from ₹ 95 to ₹ 101 per share. Retail investors are required to apply for minimum lot size of 1200 shares, amounting to ₹121,200. For HNIs, minimum lot size is 2 lots (2,400 shares), requiring investment of ₹242,400.
Corporate Capital ventures Pvt Ltd is book running lead manager of Trust Fintech IPO, while Bigshare Services Pvt Ltd is registrar for issue. Market maker for Trust Fintech IPO is Corporate Securities.
Final Subscription Status of Trust Fintech IPO
Here is final subscription status of Trust Fintech IPO as at close on by March 28, 2024 18:20.
|
Investor Category |
Subscription (times) |
Shares Offered |
Shares bid for |
Total Amount (Rs Cr.) |
|
Anchor Investors |
1 |
17,88,000 |
17,88,000 |
18.06 |
|
Market Maker |
1 |
3,18,000 |
3,18,000 |
3.21 |
|
Qualified Institutions |
65.38 |
11,92,800 |
7,79,82,000 |
787.62 |
|
Non-Institutional Buyers |
244.48 |
8,95,200 |
21,88,57,200 |
2,210.46 |
|
Retail Investors |
75.09 |
20,88,000 |
15,67,98,000 |
1,583.66 |
|
Total |
108.63 |
41,76,000 |
45,36,37,200 |
4,581.74 |
|
Total Application : 130,665 |
||||
Analysis of Trust Fintech IPO Subscription Status:
- Trust Fintech IPO subscription data demonstrates overwhelming investor interest, with subscription levels soaring to 108.63 times total shares offered.
- Retail investors exhibited strong interest, subscribing 75.09 times, showcasing robust demand from individual investors. This high retail subscription indicates widespread retail participation & confidence in IPO.
- Qualified Institutions subscribed 65.38 times, indicating substantial interest from institutional investors. Their participation suggests confidence in Trust Fintech's business prospects & growth potential.
- Non-Institutional Buyers (NII) category witnessed exceptional demand, subscribing remarkable 244.48 times. This overwhelming subscription underscores strong demand from high-net-worth individuals & other non-institutional investors.
- Anchor investors & market makers subscribed to their respective portions, reflecting initial confidence in IPO's prospects.
Overall, Trust Fintech IPO garnered significant oversubscription across all investor categories, reflecting robust market demand & positive investor sentiment. Exceptional subscription levels indicate investor confidence in Trust Fintech's business model, leading to expectations of successful listing & strong market performance post-listing.
Trust Fintech Limited Allocation Quota for Various Categories
|
Investor Category |
Shares Allocated in IPO |
|
Market Maker |
318,000 (5.06%) |
|
Anchor Allocation |
1,788,000 (28.46%) |
|
QIB |
1,192,800 (18.99%) |
|
NII (HNI) |
895,200 (14.25%) |
|
Retail |
2,088,000 (33.24%) |
|
Total |
6,282,000 (100.00%) |
Data Source: NSE
How Subscription Built up for IPO of Trust Fintech
|
Date |
QIB |
NII |
Retail |
Total |
|
Day 1 |
0.00 |
2.74 |
5.51 |
3.34 |
|
Day 2 |
0.32 |
14.21 |
18.44 |
12.36 |
|
Day 3 |
65.38 |
244.48 |
75.09 |
108.63 |
As of 28 March 2024, 18:25
Key Takeaways from Trust Fintech IPO Subscription Details:
1. Substantial Surge in Demand: Trust Fintech IPO witnessed significant surge in subscription levels over three-day period, culminating in overall subscription of 108.63 times. This remarkable oversubscription indicates robust investor interest & confidence in IPO.
2. Institutional Interest: QIB category showed gradual but substantial participation, with subscription levels increasing from 0.32 times on Day 2 to 65.38 times on Day 3. This indicates growing interest from institutional investors as IPO progressed, reflecting confidence in Trust Fintech's business fundamentals.
3. Exceptional NII Subscription: Non-Institutional Buyers (NII) exhibited extraordinary enthusiasm, with subscription levels soaring to 244.48 times on Day 3. This exceptionally high demand from high-net-worth individuals & other non-institutional investors underscores strong market sentiment & anticipation surrounding IPO.
4. Robust Retail Participation: Retail investors also showed robust participation throughout subscription period, with subscription levels reaching 75.09 times by Day 3. This indicates widespread retail investor interest & confidence in Trust Fintech's growth prospects.
5. Overall Investor Confidence: Overwhelming subscription across all investor categories reflects broad-based investor confidence in Trust Fintech's business model & growth potential. IPO's strong demand suggests expectations of successful listing & positive market performance post-listing.
In summary, Trust Fintech IPO witnessed exceptional demand from institutional, non-institutional, & retail investors, indicating strong market reception & optimism surrounding company's debut on stock exchange.
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