Beacon Trusteeship IPO Details: Beacon Trusteeship Limited has announced its upcoming IPO, set to open on May 28 and close on May 30. This IPO aims to raise ₹32.52 crores through the NSE SME platform, with shares priced between ₹57 and ₹60. Investors can purchase in lots of 2000 shares.
Beacon Trusteeship is a SEBI-registered Debenture Trustee offering a broad spectrum of trusteeship services across various sectors. These include Debenture Trustee Services, Security Trustee Services, Trusteeship for Alternate Investment Funds (AIFs), ESOP Trustee Services, Securitization Trustee Services, Bond Trusteeship Services, Escrow Services, and other related services. The company is steered by professionals with deep expertise in Investment Banking, Finance, Debt Syndication, and broader financial services.
As a Debenture Trustee, Beacon Trusteeship plays a crucial role in conducting due diligence, providing custodial services, monitoring compliance, managing documentation, ensuring disclosures, and maintaining meticulous recordkeeping. Their role is integral in safeguarding investor interests, ensuring transparency, and fostering accountability.
Leveraging technology, Beacon Trusteeship has developed specialized legal and compliance teams tailored to each of their services, including Debenture Trusteeship, Security Trustee for Loans, Alternative Investment Funds, Securitization, and Escrow. They have also created a client-facing ERP system, a dedicated platform for Securitization, and a Covenant Monitoring Tech Platform, showcasing their commitment to adapting to modern business needs and enhancing client convenience.
This IPO represents an opportunity for investors to participate in a company dedicated to maintaining investor confidence and adapting to the evolving financial landscape through innovation and professional expertise.
Beacon Trusteeship IPO Objectives:
The Net Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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 Review (Apply or Not)
- Apply
Beacon Trusteeship IPO Date & Price Band Details:
| IPO Open: | 28-May-2024 |
| IPO Close: | 30-May-2024 |
| IPO Size: | Approx ₹32.52 Crores, 5,420,000 Equity Shares |
| Fresh Issue: | Approx ₹23.23 Crores, 3,872,000 Equity Shares |
| Offer for Sale: | Approx ₹9.29 Crores, 1,548,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹57 to ₹60 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Beacon Trusteeship IPO Lot Size:
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| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹120,000 |
| Retail Maximum | 1 | 2000 | ₹120,000 |
| S-HNI Minimum | 2 | 4000 | ₹240,000 |
Beacon Trusteeship IPO Timeline:
The Beacon Trusteeship IPO is scheduled to open on May 28 and will close on May 30. The allotment of shares is expected to be finalized on May 31, with the company likely to be listed on the exchange by June 4.
| IPO Open Date: | 28-May-2024 |
| IPO Close Date: | 30-May-2024 |
| Basis of Allotment: | 31-May-2024 |
| Refunds: | 3-June-2024 |
| Credit to Demat Account: | 3-June-2024 |
| IPO Listing Date: | 4-June-2024 |
Beacon Trusteeship IPO GMP Today:
the last Grey Market Premium (GMP) for the Beacon Trusteeship SME IPO stands at ₹40. Given the price band of ₹57 to ₹60, the estimated listing price is around ₹100 per share (cap price plus today’s GMP). This suggests an expected gain of approximately 66.67% per share.
Beacon Trusteeship Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹5.60 | ₹4.09 | ₹0.95 |
| 2022 | ₹10.49 | ₹5.61 | ₹3.62 |
| 2023 | ₹15.72 | ₹10.39 | ₹3.85 |
| September 2023 | ₹12.27 | ₹6.78 | ₹4.00 |
Beacon Trusteeship IPO Valuation – FY2023
Check Beacon Trusteeship IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.71 per Equity Share |
| Price/Earning P/E Ratio: | 2.71 |
| Return on Net Worth (RoNW): | 27.48% |
| Net Asset Value (NAV): | ₹9.86 per Equity Share |
Peer Group
- NA
Company Promoters
- Prasana Analytics Private Limited
- Mr. Pratapsingh Indrajitsingh Nathani
Beacon Trusteeship IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: btsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Beacon Trusteeship IPO Allotment Status
Check Beacon Trusteeship IPO allotment status on Kfin Technologies website URL. Click Here
Beacon Trusteeship IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Beacon Trusteeship Limited
7A & B, Siddhivinayak Chambers,
Opp MIG Cricket Club, Gandhi Nagar, Bandra (East)
Mumbai, Bandra – 400051
Phone: +91 95554 49955
Email: ipo@beacontrustee.co.in
Website: https://beacontrustee.co.in/
Beacon Trusteeship IPO – Frequently Asked Questions (FAQs)
- What are the dates for the Beacon Trusteeship IPO?
The Beacon Trusteeship IPO opens on May 28, 2024, and closes on May 30, 2024.
- What is the price band for the Beacon Trusteeship IPO?
The price band for the Beacon Trusteeship IPO is set between ₹57 and ₹60 per share.
- How much capital is Beacon Trusteeship looking to raise through the IPO?
Beacon Trusteeship aims to raise ₹32.52 crores through this IPO.
- What is the minimum investment required for the Beacon Trusteeship IPO?
The minimum market lot is 2000 shares, requiring an application amount of ₹120,000.
- When will the allotment of shares be finalized?
The allotment date for the shares is scheduled for May 31, 2024.
- When is the expected listing date for the Beacon Trusteeship IPO?
The IPO is expected to list on the exchange on June 4, 2024.
- What is the Grey Market Premium (GMP) for the Beacon Trusteeship IPO?
As of May 24, 2024, the last reported GMP for the Beacon Trusteeship IPO is ₹40.
- What is the estimated listing price based on the current GMP?
Based on the current GMP, the estimated listing price is around ₹100 per share.
- What is the expected gain or loss percentage per share?
The expected gain per share is approximately 66.67%.
- What services does Beacon Trusteeship offer?
Beacon Trusteeship provides a range of services including Debenture Trustee Services, Security Trustee Services, Trusteeship for Alternate Investment Funds (AIFs), ESOP Trustee Services, Securitization Trustee Services, Bond Trusteeship Services, and Escrow Services.
- What distinguishes Beacon Trusteeship in the market?
Beacon Trusteeship is recognized for its professional management team, extensive experience in financial services, and innovative use of technology. They have developed a client-facing ERP system, a dedicated platform for securitization, and a Covenant Monitoring Tech Platform, ensuring efficiency and transparency in their operations.
- Where can I find more information about the Beacon Trusteeship IPO?
For more detailed information, prospective investors should refer to the official IPO prospectus and the company’s announcements on the NSE SME platform.
