Trust Fintech Bulk Deal, Harshdeep Hortico Loan Repayment And Arman Financial Services Fund Raise

Trust Fintech Ltd.

Recent filing: (BULK DEAL) India Equity Fund 1 bought 2.6L shares of Trust Fintech at INR 150/share, aggregating to INR 4 Cr.

SUMMARY: PE 40.4x (Sector PE range 50-100) | Institutional Entry | IPO | Fintech

  • MCap of INR 376 Crore (share price = INR 158 / share) (as on 5th Apr ‘24)
  • TTM PE 40.4x (as on 5th Apr ‘24) Retail float = NA

FOOD FOR THOUGHT: 75% revenue comes from 2 states Maharashtra and Karnataka.

What are the products and services of Trust Fintech?

Trust Fintech Limited (TFL) was established in 1998. TFL has been involved in providing Software Solutions and Services in the field of Banking, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services.

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Harshdeep Hortico Ltd.

Recent filing: (LOAN REPAYMENT) As per the object of the IPO, Harshdeep Hortico has repaid its debt of INR 4.1 Cr, which was availed from Kotak Mahindra Bank. Company has fully repaid all borrowings from Kotak Mahindra Bank.

SUMMARY: PE 24.4x (Sector PE range 30-70) | Promoter buying | IPO | Consumption

  • MCap of INR 80.5 Crore (share price = INR 50 / share) (as on 5th Apr ‘24)
  • TTM PE of 24.4x (as on 5th Apr ‘24) Retail float = 10.5% (Dec-23)

FOOD FOR THOUGHT: 42% revenue comes from Maharashtra | Operating history of Company is less than 1 year

What are the products and services of Harshdeep Hortico?

Established in December 2022, the company specializes in the creation of indoor and outdoor pots tailored to meet diverse plant needs. Engaged in the design, production, and distribution of a wide range of planters, including plastic indoor planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, and Eco series planters. Additionally, the company offers complementary accessories such as garden hose pipes and water cans.

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Arman Financial Services Ltd.

Recent filing: (FUND RAISE) Issuance of NCDs will be considered by the Finance & Investment Committee of Arman Financial Services at its meeting scheduled to be held on April 09, 2024.

SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 12.9x (Sector PE range 20-40) | Excellent Dec-23 results | Fund raise | Institutional entry

  • MCap of INR 2,244 Crore (share price = INR 2,292 / share) (as on 5th Apr ‘24)
  • TTM PE of 12.9x (as on 5th Apr ‘24) Retail float = 21.2% (Dec-23)

FOOD FOR THOUGHT: Microfinance industry susceptible to socio-political issues and regulatory changes, especially given the unsecured nature of microfinance loans.

What are the products and services of Arman Financial Services?

Arman Financial Services Limited is an RBI registered Non-Banking Finance Company – Asset Finance Company (NBFC-AFC) with rural and semi-rural financing at the centre of its business model.

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