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For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. "We have been exporting dairy products for many decades. This is the first time we are launching fresh milk outside India," GCMMF MD Jayen Mehta told PTI. He said "the GCMMF has tied up with 108-year old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market," The milk collection and processing will be done by MMPA, while GCMMF will do marketing and branding of Amul fresh milk. "Recipe will be ours. Within one week, Amul Taaza, Amul Gold, Amul Shakti and Amul Slim n Trim will be available in the US market," he said. Mehta said fresh milk will be available in New York, New Jersey, Chicago, Washington, Dallas and Texas among others. GCMMF will target non-resident Indians (NRIs) and the Asian population. Asked about the selling target, he said GCMMF will focus on branding and marketing for the next 3-4 months. "We are expecting a good response from customers," he said. Mehta said GCMMF would also launch fresh milk products like paneer, curd and butter milk in the near future. During the 2022-23 fiscal, the turnover of GCMMF stood at around Rs 55,000 crore, up 18.5 per cent from the previous year. GCMMF is already exporting dairy products in about 50 countries.

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.