Beacon Trusteeship Limited IPO
NSE SMEListed On: Jun 4, 2024 at ₹ 90.0
₹ 240000 /4000 Shares
*Min Investment
28 May, 2024
Open Date30 May, 2024
Close Date31 May, 2024
Allotment Date04 Jun, 2024
Listing DateBeacon Trusteeship Limited IPO Issue Details
- Issue Price ₹57-60 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 54,20,000 shares(aggregating up to ₹32.52 crore)
- Fresh Share 38,72,000 shares(aggregating up to ₹23.23 crore)
- Offer For Sale 15,48,000 shares(aggregating up to ₹9.29 crore)
- Listing at NSE SME
- List Price 90.0
- Listing Date 2024-06-04
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,20,000 |
| Retail(max) | 1 | 2000 | ₹1,20,000 |
| NII (min) | 2 | 4000 | ₹2,40,000 |
Beacon Trusteeship Limited IPO Reservation
Beacon Trusteeship Limited IPO offers total 5,420,000 shares. Out of which 1,030,000 (19%) allocated to QIB, 774,000 (14.28%) allocated to NII,1,802,000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 1,542,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,542,000 (28.45%) | |
| Market Maker Shares Offered | 272,000 (5.02%) | |
| QIB Shares Offered | 1,030,000 (19%) | |
| NII (HNI) Shares Offered | 774,000 (14.28%) | |
| Retail Shares Offered | 1,802,000 (33.25%) | |
| Total Shares Offered | 5,420,000 (100%) |
Beacon Trusteeship Limited IPO Details
Beacon Trusteeship Limited IPO is an SME IPO, priced at ₹57-60 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 54,20,000 equity shares, aggregating up to ₹32.52 crores..
The IPO bidding window is open from May 28, 2024 to May 30, 2024. The allotment is expected to be finalized on May 31, 2024, and the tentative listing date is Jun 4, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Spread X Securities Private Limited will act as the market maker for this issue.
Beacon Trusteeship Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,231,000 / 924,000 | 2,154,000 | 4,309,000 |
Day 1 28-05-24 06:00 PM | 0.99 / 27.15 x | 51.85 x | 32.02 x |
Day 2 29-05-24 06:00 PM | 9.69 / 147.25 x | 196.02 x | 132.33 x |
Day 3 30-05-24 06:00 PM | 163.86 / 779.36 x | 502.10 x | 465.00 x |
Beacon Trusteeship Limited Valuations
Beacon Trusteeship Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,696.56 | 2,254.30 | 1,685.14 |
| Revenue | 2,091.20 | 1,572.36 | 1,049.02 |
| Profit After Tax | 516.36 | 384.64 | 361.58 |
| Net Worth | 1,916.29 | 1,399.53 | 1,016.53 |
| Reserves & Surplus | 498.24 | 1,099.19 | 714.55 |
About Beacon Trusteeship Limited Company
Established in 2015, Beacon Trusteeship Limited is a Deemed Debenture Trustee providing trustee services in various verticals such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund, Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping and several other related trustee services.
In addition, its due diligence includes custodial services, compliance monitoring, documentation and disclosure, among others. Documentation, disclosure, custodial services are part of services rendered by it.
Debenture trusteeship: Helping the issuing company to issue any kind of debentures, even non-convertible debentures .
Security trustee for loans: Providing an investment manager, holding trust funds for the benefit of the beneficiaries, applying for the said registration certificate with SEBI, maintaining the books of accounts, maintaining confidentiality in respect of investments, other matters as per the respective agreements.
Alternative Investment Funds: making timely declarations to the investors, ensuring that there is prompt payment to the investors, that investments in the trust are carried out in terms of the agreement, segregation of assets, and ensuring that all transactions are properly accounted for in accordance with the agreement.
Securitization and Escrow : Ensure that the Escrow account transfer is made only to the collector account or other specified account in the formal agreement. Drafting and reviewing the Escrow agreement, setup of the Escrow mechanism, documentation, and timely monitoring.
The company has 69 employees as of September 30, 2023.
Beacon Trusteeship Limited - Promoter(s)
Pre Issue Share Holding : 67.88%
Post Issue Share Holding : 46.14%
Beacon Trusteeship Limited IPO - Issue Objectives
Building Up Technology Infrastructure for existing business.
Acquisition of Beacon RTA Services Private Limited and Making it a wholly owned subsidiary company thereon to commence the services of Depository Participant and Registrar & Share Transfer Agent.
Purchase of New Office Premises.
General Corporate Purpose.
Contact Details
Beacon Trusteeship Limited
7A & B, Siddhivinayak Chambers, Opp MIG Cricket Club, Gandhi Nagar, Bandra (East) Mumbai, Bandra - 400051
+91 95554 49955
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Beacon Trusteeship Limited IPO - FAQs
Ans. Beacon Trusteeship Limited IPO is a SME IPO. The issue is priced at ₹57-60 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on May 28, 2024, and closes on May 30, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Beacon Trusteeship Limited IPO opens on May 28, 2024 and closes on May 30, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Beacon Trusteeship Limited IPO is 5,420,000 shares(aggregating up to ₹32.52 Cr).
Ans. The Beacon Trusteeship Limited IPO price band is set between ₹57-60 per equity share.
Ans. To apply for Beacon Trusteeship Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Beacon Trusteeship Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Beacon Trusteeship Limited IPO is May 31, 2024.
Ans. The Beacon Trusteeship Limited IPO will be listed on Jun 4, 2024.
Ans. Follow the steps to check the Beacon Trusteeship Limited IPO allotment status online.
