Bookbuilding IPO | ₹33 Cr | Listed at NSE SME | Tue, May 28, 2024 - Thu, May 30, 2024
Beacon Trusteeship IPO is a book build issue of ₹32.52 crores. The issue is a combination of fresh issue of 0.39 crore shares aggregating to ₹23.23 crores and offer for sale of 0.15 crore shares aggregating to ₹9.29 crores.
Beacon Trusteeship IPO bidding started from May 28, 2024 and ended on May 30, 2024. The allotment for Beacon Trusteeship IPO was finalized on May 31, 2024. The shares got listed on NSE SME on Jun 4, 2024.
Beacon Trusteeship IPO price band is set at ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Beacon Trusteeship IPO RHP for detailed Information.
IPO Open
Tue, May 28, 2024
IPO Close
Thu, May 30, 2024
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹108.39 Cr
| IPO Date | 28 to 30 May, 2024 |
| Listed on | Tue, Jun 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,20,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 2,72,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 36,00,000 shares (agg. up to ₹22 Cr) |
| Offer for Sale | 15,48,000 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 51,48,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 1,41,92,913 shares |
| Share Holding Post Issue | 1,80,64,913 shares |
| NSE Symbol | BEACON |
| ISIN | INE639X01027 |
Beacon Trusteeship IPO comprises a total issue size of 54,20,000 shares. The net offer to the public is 51,48,000 shares, after excluding 2,72,000 shares allotted on a firm basis. Of the Net offer 25,72,000 (49.96%) are allocated to QIB, 7,74,000 (15.03%) allocated to NII 18,02,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,72,000 | 49.96% | 47.45% |
| − Anchor Investor Shares Offered | 15,42,000 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 10,30,000 | 19.00% | |
| NII (HNI) Shares Offered | 7,74,000 | 15.03% | 14.28% |
| Retail Shares Offered | 18,02,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,72,000 | 5.02% | |
| Total Shares Offered | 54,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Beacon Trusteeship IPO raises ₹9.25 crore from anchor investors. Beacon Trusteeship IPO Anchor bid date is May 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 27, 2024 |
| Shares Offered | 15,42,000 |
| Anchor Portion (₹ Cr.) | 9.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jun 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Aug 29, 2024 |
Established in 2015, Beacon Trusteeship Limited is a debenture trustee offering trustee services in various areas such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping and other related services.
The company provides due diligence, custodial services, compliance monitoring, documentation, disclosure, record retention, etc. The company's service list includes:
As of September 30, 2023, the company had 69 employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 26.97 | 22.54 | 16.85 | 8.69 |
| Total Income | 20.91 | 15.72 | 10.49 | 5.60 |
| Profit After Tax | 5.16 | 3.85 | 3.62 | 0.95 |
| NET Worth | 19.16 | 14.00 | 10.17 | 4.15 |
| Reserves and Surplus | 4.98 | 10.99 | 7.15 | 1.53 |
| Total Borrowing | 2.00 | |||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Building Up Technology Infrastructure for the existing business. | 7.00 |
| 2 | Investment in Wholly owned subsidiary i.e. Beacon Investor Holdings Private Limited, to commence the services of Depository Participant and Registrar & Share Transfer Agent | 6.99 |
| 3 | Purchase of new offices premises | 3.25 |
| 4 | General Corporate Purpose | 2.88 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 31.12% |
| RoNW | 26.95% |
| PAT Margin | 25.93% |
| Price to Book Value | 4.44 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.64 | 2.86 |
| P/E (x) | 16.49 | 20.99 |
| Promoter Holding | 67.88% | 46.14% |
| Market Cap | ₹108.39 Cr. |
The Beacon Trusteeship IPO is subscribed 465.2 times on May 30, 2024 6:19:56 PM (Day 3). The public issue subscribed 502.49 times in the retail category, 163.86 times in the QIB category, and 779.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 163.86 | 10,30,000 | 16,87,80,000 |
| NII* | 779.38 | 7,74,000 | 60,32,40,000 |
| Retail | 502.49 | 18,02,000 | 90,54,84,000 |
| Total | 465.2 | 36,06,000 | 1,67,75,04,000 |
Total Application : 4,52,742
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees payable Legal advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.25 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 3.60 |
| 9 | Escrow Bank Fees | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹90.00 |
| Low | ₹85.60 |
| High | ₹94.50 |
| Last Trade | ₹94.50 |
Lead Manager Reports
Beacon Trusteeship IPO is a SME IPO of 54,20,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Tue, May 28, 2024, and closes on Thu, May 30, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Beacon Trusteeship IPO using UPI as a payment gateway. Zerodha customers can apply in Beacon Trusteeship IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Beacon Trusteeship IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Beacon Trusteeship IPO opens on Tue, May 28, 2024 and closes on Thu, May 30, 2024.
Beacon Trusteeship IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Beacon Trusteeship IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Beacon Trusteeship IPO will be done on Friday, May 31, 2024, and the allotted shares will be credited to your demat account by Mon, Jun 3, 2024. Check the Beacon Trusteeship IPO allotment status.
The Beacon Trusteeship IPO listing date is on Tue, Jun 4, 2024.
