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The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.1) About Trust FintechTrust Fintech is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT solutions, ERP Implementation and customised software solutions development, SAP B1 and offshore IT services for the BFSI sector.2) Industry overviewThe global core banking software market size was valued at $12.51 billion in 2022. The market is projected to grow from $14.54 billion in 2023 to USD 47.37 billion by 2030, exhibiting a CAGR of 18.4% during the forecast period.3) Trust Fintech IPO sizeThe IPO is entirely a fresh equity issue of 62.8 lakh shares and through the issue, the company aims to raise Rs 63 crore.Also Read: SRM Contractors IPO opens Tuesday. 10 things to know before subscribing to the issue4) Trust Fintech IPO price bandThe company is offering its shares at Rs 95-101 apiece, and investors can bid for 1,200 shares in 1 lot.5) Trust Fintech IPO financial performanceFor the period ended September 2023, the company clocked revenues of Rs 18.83 crore and net profit of Rs 7.27 crore.6) Objects of the offerThe net proceeds from the public offer will be used for setting up additional development facility, investment in procuring hardware, expenditure related to enhancement and upgrading existing products, meeting global and domestic business developemnt, sales and marketing expenses. Part of the proceeds will also be used for general corporate purposes.7) Lead managers and RegistrarCorporate Capital Ventures is acting as the lead manager to the issue and Bigshare Services is the registrar.8) Issue structureAbout 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for other investors.9) Important datesThe IPO opens on March 26 and will close on March 28. The final allotment will likely be made on April 2. The company's shares will likely get listed on April 3.10) Trust Fintech GMPThe company's shares have a GMP of Rs 40 in the unlisted market.

The initial public offering (IPO) of SRM Contractors will open for subscription tomorrow. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 130 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue.1) What is the business overview of SRM Contractors?SRM Contractors is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the union territories of Jammu and Kashmir and Ladakh.It provides a comprehensive range of integrated facility management service offerings across multiple sectors, and consequently are among select companies in India that have a wide geographic presence and customer base, catering to almost all end-user segments.2) What is the industry overview of SRM Contractors?In recent years, J&K has received a boost in road infrastructure development, following the government's enhanced focus on improving road infrastructure in the region.3) What is the size of SRM Contractors IPO?The IPO is completely a fresh equity issue of 62 lakh shares, aggregating up to Rs 130 crore.4) What is the price band for SRM Contractors IPO?The company has fixed a price band of Rs 200-210 per share and investors can bid for 70 shares in one lot in the public offer.5) What is the structure of SRM Contractors IPO?The issue is being made through the book building process, wherein 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.IPO Calendar: Primary market set to end FY24 with a bang, offering 13 new issues6) How is the financial performance of SRM Contractors?In FY23, the company's revenue from operations increased 13% to Rs 300 crore, while profit after tax rose 7% to Rs 18.74 crore. For the nine months ended December 2023, revenues stood at Rs 242 crore and PAT came in at Rs 20.17 crore.7) What are the objects of SRM Contractors IPO?Net proceeds from the public offer will be used for funding capital expenditure for the purchase of equipment, full or part repayment of debt, investment in joint ventures, working capital requirements and general corporate purposes.8) What is the current GMP of SRM Contractors?According to market analysts, the current GMP of Krystal Integrated Services is Rs 50 in the unlisted market.9) Who are the book running lead managers for SRM Contractors IPO?Interactive Financial Services is the sole book running lead manager for the IPO and Bigshare Services is the registrar.10) When is the share allotment and listing date of SRM Contractors IPO?The share allotment for the IPO will be finalised on April 1 and the estimated listing date is April 3.

March is an important month for taxpayers. It is that time of the year when they leverage government-provided tax exemptions and reduce their tax liability. In other words, it is tax planning, which is a legal approach used to minimize the amount of income tax owed. This must not be confused with tax evasion which involves fraudulently understating income or overstating expenses to avoid tax.Under the old tax regime, apart from the deductions under various sections like Section 80C of the Income-tax Act, investors usually turn to tax loss harvesting to save some more taxes.Many of us pay tax on salary, interest, and capital gains amongst other heads. If we talk about taxation on capital gains, it is applicable according to the period for which the securities or investments are held. The following table focuses on capital gains tax that is applicable to equity and debt securities. However, tax rates may be different for gold, real estate and other investment avenues as well.108760538What is tax loss harvesting?Tax loss harvesting is the practice of selling a security that has incurred a loss, in order to reduce or offset the capital gains that are subject to taxation. Let’s understand this with an example related to equity. For ease of understanding, we have assumed that STT and cess are not applicable.Scenario 1Let’s say that an individual earned ₹1,00,000 in short-term capital gains (STCG) this year. He will have to pay 15% of this amount, i.e., ₹15,000 as tax. Scenario 2Let’s assume that in addition to the above, the individual already holds stocks with an unrealized loss of ₹60,000. Now what the investor can do, is to sell these stocks at a loss and offset the capital gains of ₹1,00,000. On net basis, he will now have capital gains of ₹40,000, i.e., ₹1,00,000-₹60,000. As a result, he would be required to pay ₹6,000 as tax (15% of ₹40,000). Therefore, he saved ₹9,000 in taxes (₹15,000-₹6,000).108760545This process of using losses to offset gains is called tax-loss harvesting. Now you might wonder that it doesn’t make sense to sell at a loss, just to save taxes. Well, there is no explicit regulation in India that disallows tax loss harvesting. Individuals can buy those same stocks and continue to hold them, immediately after selling them at a loss.Tax loss harvesting on long-term capital gainsAgain, let’s understand this with the help of an example.Scenario 1Let’s assume that an individual has a long-term capital gain (LTCG) of ₹5 lakh, that means he sold some stocks after holding it for more than a year. He will be required to pay a 10% tax on ₹4 lakh (₹5 lakh- ₹1 lakh exemption), i.e., ₹40,000.Scenario 2Suppose he has a few more stocks with an unrealized loss of ₹3 lakh. In the month of March, he sells these stocks and books losses. This unrealized loss now becomes a realized loss. Moreover, he immediately buys the same stocks which he sold, at the same price.He is now left with a realized capital gain of ₹2 lakh (₹5 lakh- ₹3 lakh). However, he has to pay a 15% tax only on ₹1 lakh (₹2 lakh-₹1 lakh which is exempt). This tax amounts to ₹10,000, i.e.10% of ₹1 lakh. Therefore, he managed to save ₹30,000 in taxes (₹40,000-₹10,000) with the help of tax loss harvesting.108760573It needs to be noted that long-term capital losses can be offset only against long-term capital gains. However, short-term capital losses can be offset with both long-term and short-term capital gains.It is important to remember that stocks are bought and sold according to the FIFO method (first-in-first-out). Basically, the stocks which are bought on an earlier date are sold first. This helps in determining the holding period and capital gains tax is calculated accordingly.Stocks and mutual funds are both considered as equity when availing the exemption of ₹1,00,000 for LTCG taxation. While doing tax loss harvesting, one must look into the impact of exit load charged by mutual funds.