Beacon Trusteeship IPO will open for subscription from 28 May 2024. The company aims for an issue size of ₹32.52 Cr through this IPO.
Company Overview
| Full name | Beacon Trusteeship Limited |
| Sector | Finance |
| Industry | Finance – Investment |
| Company Website | https://beacontrustee.co.in/ |
About Company
Incorporated in 2015, Beacon Trusteeship offers a broad spectrum of services and products including Debenture Trustee Services, Security Trustee for Loans, Trustee Services for Alternative Investment Funds, Securitization, and Escrow. The company is run by a group of specialists with vast backgrounds in debt syndication, investment banking, finance, and other financial services.
In an effort to broaden its reach and get several regulatory benefits, the company opened a business office in Gujarat International Finance Tec-City (GIFT) International Financial Services Center (IFSC). Through regional offices and signatories, the organization has a physical presence in over 15 Indian cities, including major cities like Mumbai, Delhi, Chennai, Hyderabad, Jaipur, Bangalore, Chandigarh, Indore, Kolkata, Lucknow, and Gandhinagar.
The Objectives of the Issue
- 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.
Beacon Trusteeship IPO Timetable
| IPO Opening date | 28 May 2024 |
| IPO Closing | 30 May 2024 |
| Basis of Allotment | 31 May 2024 |
| Initiation Refund | 03 June 2024 |
| Credit to Demat Account | 03 June 2024 |
| Listing Date | 04 June 2024 |
Beacon Trusteeship IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹32.52 Cr – 5,420,000 shares |
| Fresh Issue | ₹23.23 Cr – 3,872,000 shares |
| Offer for sale | ₹9.29 Cr – 1,548,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹57 to ₹60 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 272,000 shares |
| Shareholding pre-issue | 14,192,913 |
| Shareholding post-issue | 18,064,913 |
| Listing Exchange | NSE SME |
Beacon Trusteeship IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Beacon Trusteeship Offer Documents
Beacon Trusteeship IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,542,000 (28.45%) |
| Market Maker Shares Offered | 272,000 (5.02%) |
| QIB Shares Offered | 1,030,000 (19.00%) |
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 10.03 | 14.81 | 19.92 |
| Expenses | 5.61 | 10.39 | 13.86 |
| Net income | 3.62 | 3.85 | 5.16 |
Beacon Trusteeship Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.74 | 2.71 | 3.64 |
| PE ratio | – | – | 15.66 – 16.48 |
| RONW (%) | 35.57 | 27.48 | 26.95 |
| NAV | 7.71 | 9.86 | 13.50 |
| ROCE (%) | 49.44 | 39.42 | 37.31 |
| EBITDA (%) | 48.63 | 33.76 | 34.61 |
| Debt/Equity | 0.00 | 0.00 | 0.00 |
Company Promoters
- Prasana Analytics Private Limited
- Mr. Pratapsingh Indrajitsingh Nathani
Promoter Holding
| Pre Issue Share Holding | 67.88% |
| Post Issue Share Holding | 46.14% |
Beacon Trusteeship IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 June 2024 | 80 | – | 1,21,000 |
| 31 May 2024 | 95 | – | 1,38,000 |
| 30 May 2024 | 95 | – | 1,38,000 |
| 29 May 2024 | 90 | – | 1,30,000 |
| 28 May 2024 | 87 | – | 1,25,000 |
| 27 May 2024 | 60 | – | 82,000 |
| 25 May 2024 | 36 | – | 52,500 |
| 24 May 2024 | 33 | – | 47,000 |
| 23 May 2024 | 15 | – | 17,500 |
Beacon Trusteeship IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 10,30,000 | 7,74,000 | 18,02,000 | 36,06,000 |
| 30 May 2024 | 163.86 | 779.71 | 502.10 | 465.08 |
| 29 May 2024 | 9.69 | 146.49 | 191.97 | 130.14 |
| 28 May 2024 | 0.99 | 43.45 | 77.16 | 48.16 |
Beacon Trusteeship IPO Allotment Status
Beacon Trusteeship IPO allotment status is now available on KFin Tech website. Click on this link to get allotment status.
Beacon Trusteeship IPO Listing Details
| Listing Date | 04 June 2024 |
| BSE Scrip Code | – |
| NSE Symbol | BEACON |
| ISIN | INE639X01027 |
| Final Issue Price | ₹60 per share |
Beacon Trusteeship IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹60.00 |
| Open | ₹90.00 |
| Low | ₹85.60 |
| High | ₹94.50 |
| Last Trade | ₹94.50 |
Beacon Trusteeship Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Beacon Trusteeship Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No. 31 and 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad-500 032, Telangana, India
Phone: +91 40 6716 2222/18003094001
E-mail: btsl.ipo@kfintech.com
Website: www.kfintech.com
Beacon Trusteeship Contact Details
BEACON TRUSTEESHIP LIMITED
7A & B, Siddhivinayak Chambers, Opp MIG
Cricket Club, Gandhi Nagar, Bandra
(East), Mumbai, Bandra, Maharashtra, India, 400051
Phone: +91 95554 49955
E-mail: ipo@beacontrustee.co.in
Website: www.beacontrustee.co.in
Beacon Trusteeship IPO FAQs
What is the Beacon Trusteeship offer size?
Beacon Trusteeship offer size is ₹ 30.89 – 32.52 crores.
What is the Beacon Trusteeship offer price band?
Beacon Trusteeship public offer price is ₹ 57 – 60 per share.
What is the lot size of the Beacon Trusteeship Offer?
Beacon Trusteeship offer a lot size is 2,000 shares.
What is Beacon Offer GMP today?
Beacon Trusteeship IPO GMP today is ₹ 80 per share.
What is the Beacon Trusteeship kostak rate today?
Beacon Trusteeship kostak rate today is ₹ NA per application.
What is Beacon Trusteeship Subject to the Sauda rate today?
Beacon Trusteeship is Subject to the Sauda rate today is ₹ 1,21,000 per application.
Final thoughts
Beacon Trusteeship IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
