March 26, 2024 - March 28, 2024

Trust Fintech IPO Subscription Details

Trust Fintech IPO Subscription Status Live

Trust Fintech IPO subscribed 108.63 times. The public issue subscribed 75.10 times in the retail category, 65.38 times in QIB, and 244.48 times in the NII category by March 28, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	65.38	1,192,800	7,79,82,000	787.62
Non-Institutional Buyers*	244.48	895,200	21,88,57,200	2,210.46
Retail Investors	75.10	2,088,000	15,67,99,200	1,583.67
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	108.63	4,176,000	45,36,38,400	4,581.75

Total Application : 130,666 (75.10 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 318,000 equity shares not included.

Trust Fintech IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 March 26, 2024	0.00	2.74	5.51	3.34
Day 2 March 27, 2024	0.32	14.21	18.44	12.36
Day 3 March 28, 2024	65.38	244.48	75.10	108.63

Trust Fintech IPO Shares Offered

Trust Fintech IPO is a public issue of 6,282,000 equity shares. The issue offers 2,088,000 shares to retail investors, 1,192,800 shares to qualified institutional buyers, and 895,200 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,788,000	18.06	28.46%
Market Maker	318,000	3.21	5.06%
QIB	1,192,800	12.05	18.99%
NII*	895,200	9.04	14.25%
Retail	2,088,000	21.09	33.24%
Total	6,282,000	63.45	100%

Trust Fintech IPO Anchor Investor Allocation

A total of 1,787,600 shares at a price of Rs 101 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND	147,600	101	8.26	14,907,600
2	Persistent Growth Fund- Varsu India Growth Story Scheme 1	446,000	101	24.95	45,046,000
3	Vikasa India EIF I Fund- Incube Global Opportunities	300,000	101	16.78	30,300,000
4	Acintyo Investment Fund PCC - CELL 1	199,200	101	11.14	20,119,200
5	Astrone capital VCC - Arven	199,200	101	11.14	20,119,200
6	Craft Emerging Market Fund - Citadel Capital Fund	198,000	101	11.08	19,998,000
7	Craft Emerging Market Fund PCC - Elite Capital	153,600	101	8.59	15,513,600
8	Chanakya Opportunities Fund 1	144,000	101	8.06	14,544,000
		1,787,600		100	180,547,600

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Trust Fintech IPO Subscription FAQs

The Trust Fintech IPO is subscribed 108.63 by March 28, 2024.