Trust Fintech, a burgeoning player in the financial technology sector, marked its entry into the stock market with an impressive debut on April 4. The company’s shares debuted at an eye-catching price of Rs 143.25 on the NSE SME platform, representing a significant premium of 42% over its issue price of Rs 101.
The public issue, totaling Rs 63.45 crore, was entirely comprised of fresh shares amounting to 62.82 lakh. Investors had the opportunity to participate in the IPO at a price band of Rs 95 to Rs 101 per share, reflecting the market’s anticipation and confidence in Trust Fintech’s potential.
The stellar debut underscores investor enthusiasm and confidence in the company’s business model and growth prospects within the fintech landscape. Trust Fintech’s successful listing signifies a strong start to its journey as a publicly traded company, reflecting positive market sentiment and investor appetite for promising ventures in the digital finance sector.
With its robust market debut, Trust Fintech has set a promising trajectory for its future performance and is poised to capitalize on opportunities within the rapidly evolving fintech industry.
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