Trust Fintech Limited

Trust Fintech Limited IPO

BSE, NSEClosed
Mar 26, 2024Open Date
Mar 28, 2024Close Date
TBAAllotment Date
Apr 4, 2024Listing Date

Subscription Details

View Subscription Details
QIB1.63x
Retail1.11x
NIIs (Non-Institutional Investors)Main Category
0.55x

NII Sub-Categories

bHNI (> ₹10L)

Bids above ₹10L

0.54x

sHNI (< ₹10L)

Bids ₹2L to ₹10L

0.56x

Overall Subscription

Total Bids Received

1.24x

Updated: 10 Jul, 06:09 pm

Trust Fintech Limited IPO Issue Details

Issue Price₹144-152 Per Equity Share
Face Value₹1 Per Equity Share
Fresh Share4,34,68,553 shares(aggregating up to ₹660.72 crore)
Listing AtBSE, NSE
Listing DateApr 4, 2024
RegistrarKfin Technologies Limited

Market Lot Details

CategoryLotsSharesAmount
sHNI (Min)141,372₹1,38,572
sHNI (Max)676,566₹6,63,166
bHNI (Min)686,664₹6,73,064

Reservation Details

CategoryShares Offered%
NII87,10,56015%
QIB1,74,21,11930%
Anchor2,61,31,68045%

Company Information

Founded in 2015, Turtlemint is a tech-enabled insurtech platform connecting insurance advisors, customers, and insurers, offering products across health, life, motor & general insurance.

Valuations

EPS (Pre-IPO)

-7.73

P/E (Pre-IPO)

-19.66

RoNW

-47.29%

Market Cap

Cr.

Financial Information (₹ in Crores)

MetricFY 25FY 25FY 24FY 23
Total Assets467.14578.69612.55900.37
Total Revenue748.91693.21119.12460.11
Profit After Tax187.39194.11193.35288.18
Net Worth295.68410.46563.8743.45

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Expenditure towards cloud and server-related infrastructure of the company - ₹25.64 Cr
  2. 2Salary expenditure towards the technology and product development teams of the company - ₹193.04 Cr
  3. 3Expenditure towards marketing initiatives by the company - ₹39.07 Cr
  4. 4Expenditure towards lease payments for existing properties of the Company and wholly owned Subsidiary, TIB - ₹22.21 Cr, breakup of which is as follows: Expense by the Company
  5. 5Expenditure towards lease payments for existing properties of thr Company and wholly owned Subsidiary, TIB, breakup of which is as follows: Expense by wholly owned Subsidiary, TIB - ₹20.87 Cr
  6. 6Investment in its wholly owned Subsidiary, TIB, for funding its working capital requirements - ₹128.64 Cr
  7. 7Inorganic growth and general corporate purposes

Trust Fintech Limited – Promoter(s)

An
Rohidas Prabhudesai
Dhirendra Nalin Mahyavanshi

Contact Details

Corporate Office

The ORB – Sahar, 4B, 1st Floor, A Wing, Marol Village, Andheri (East), Mumbai, Maharashtra, 400099

1800 266 0101

support@turtlemint.com

Visit Website

Registrar Contact

Kfin Technologies Limited

04067162222, 04079611000

turtlemint.ipo@kfintech.com

Visit Website

Trust Fintech Limited IPO Documents

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