Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,14,000 (2000 shares). The minimum lot size investment for 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 Date | May 28, 2024 to May 30, 2024 |
| Listing Date | June 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹57 to ₹60 per share |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,20,000 shares (aggregating up to ₹32.52 Cr) |
| Reserved for Market Maker | 2,72,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.63 Cr) |
| Fresh Issue (Ex Market Maker) | 36,00,000 shares (aggregating up to ₹21.60 Cr) |
| Offer for Sale | 15,48,000 shares of ₹10 (aggregating up to ₹9.29 Cr) |
| Net Offered to Public | 51,48,000 shares (aggregating up to ₹30.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,41,92,913 shares |
| Share Holding Post Issue | 1,80,64,913 shares |
Beacon Trusteeship IPO offers total 54,20,000 shares. Out of which 25,72,000 (47.45%) allocated to QIB, 10,30,000 (19.00%) allocated to QIB, 7,74,000 (14.28%) allocated to NII, 18,02,000 (33.25%) allocated to RII and 15,42,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,72,000 (5.02%) |
| QIB Shares Offered | 25,72,000 (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 (14.28%) |
| Retail Shares Offered | 18,02,000 (33.25%) |
| Total Shares Offered | 54,20,000 (100.00%) |
Beacon Trusteeship IPO raises ₹9.25 crore from anchor investors. Beacon Trusteeship IPO Anchor bid date is May 27, 2024. Beacon Trusteeship IPO Anchor Investors list
| Bid Date | May 27, 2024 |
| Shares Offered | 15,42,000 |
| Anchor Portion Size (In Cr.) | 9.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 29, 2024 |
Beacon Trusteeship IPO opens on May 28, 2024, and closes on May 30, 2024.
| IPO Open Date | Tue, May 28, 2024 |
| IPO Close Date | Thu, May 30, 2024 |
| Tentative Allotment | Fri, May 31, 2024 |
| Initiation of Refunds | Mon, Jun 3, 2024 |
| Credit of Shares to Demat | Mon, Jun 3, 2024 |
| Tentative Listing Date | Tue, Jun 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 30, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Beacon Trusteeship Limited's revenue increased by 33% and profit after tax (PAT) rose by 34.25% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,696.56 | 2,254.30 | 1,685.14 | 868.62 |
| Total Income | 2,091.20 | 1,572.36 | 1,049.02 | 559.85 |
| Profit After Tax | 516.36 | 384.64 | 361.58 | 95.00 |
| Net Worth | 1,916.29 | 1,399.53 | 1,016.53 | 414.94 |
| Reserves and Surplus | 498.24 | 1,099.19 | 714.55 | 152.70 |
| Total Borrowing | 200.00 | |||
| Amount in ₹ Lakhs | ||||
The market capitalization of Beacon Trusteeship IPO is ₹108.39 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 31.12% |
| RoNW | 26.95% |
| PAT Margin | 25.93% |
| Price to Book Value | 4.44 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.64 | 2.86 |
| P/E (x) | 16.49 | 20.99 |
The Net Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is engaged in providing security markets related services under one roof. It posted growth in its top and bottom lines and poised for bright prospects ahead as growth in economy will expand the scope of security market services and this company has a niche place in the segment. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards considering the bright prospects for this company going forward. Read detail review...
| Listing Date | June 4, 2024 |
| BSE Script Code | |
| NSE Symbol | BEACON |
| ISIN | INE639X01027 |
| Final Issue Price | ₹60 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹90.00 |
| Low | ₹85.60 |
| High | ₹94.50 |
| Last Trade | ₹94.50 |
Beacon Trusteeship Ltd.
7A & B, Siddhivinayak Chambers,
Opp MIG Cricket Club, Gandhi Nagar
Bandra(East)
Mumbai, Maharashtra, 400051
Phone: +91 95554 49955
Email: ipo@beacontrustee.co.in
Website: https://beacontrustee.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: btsl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Beacon Trusteeship IPO is a SME IPO of 54,20,000 equity shares of the face value of ₹10 aggregating up to ₹32.52 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on May 28, 2024, and closes on 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 May 28, 2024 and closes on 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 Monday, June 3, 2024. Check the Beacon Trusteeship IPO allotment status.
The Beacon Trusteeship IPO listing date is on Tuesday, June 4, 2024.
Useful Articles
RHP