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Category :
IPO
Headline :
Trust Fintech announces launch of initial public offering
Date:
20/03/2024 15:50
Trust Fintech Ltd. has announced public offering of 6282000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 91.00 per share. The gross proceeds of the issue are expected to be Rs 6,344.82 lakhs.
The company's initial public offer (IPO) will open on 26 March 2024 and is expected to close on 28 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-101.00 per share.
The IPO includes a fresh Issue of 6282000 Equity Shares of the Company at an price of Rs 101.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Trust Fintech Ltd. anticipates using the proceeds of the issue for .
Corporate Capitalventures Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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