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Beacon Trusteeship Limited IPO

Beacon Trusteeship Limited IPO Detail

Beacon Trusteeship IPO opens for subscription on May 28, 2024 and closes on May 30, 2024. The allotment for the Beacon Trusteeship IPO is expected to be finalized on Friday, May 31, 2024. Beacon Trusteeship IPO will list on NSE SME with tentative listing date fixed as Tuesday, June 4, 2024.

IPO Size: 5,420,000 shares (32.52 Cr) Fresh Issue: 3,872,000 shares (23.23 Cr) Offer for Sale (OFS): 1,548,000 shares (9.29 Cr) Subscription Dates: May 28, 2024 to May 30, 2024 Expected Allotment: Friday, May 31, 2024 Listing Date (Tentative): June 4, 2024 Price Band: ₹57 to ₹60 per share Retail Investors: ₹.120,000 (2000 shares) Small HNI : ₹.240,000(2 lots, 4000 shares) Big HNI : ₹.1,080,000(9 lots, 18000 shares)

Beacon Trusteeship Limited IPO Details
IPO Date May 28, 2024 to May 30, 2024
Listing Date June 4, 2024
Face Value ₹10 per share per share
Lot Size 2000 Shares
Total Issue Size 5,420,000 shares (aggregating up to ₹32.52 Cr)
Fresh Issue 3,872,000 (aggregating up to ₹23.23 Cr)
Offer for Sale 1,548,000 shares of ₹10 per share (aggregating up to ₹9.29 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 14,192,913
Share holding post issue 18,064,913
Beacon Trusteeship Limited IPO Reservation

Investor Category Shares Offered
QIB Shares Offered 2,710,000 (50%)
NII (HNI) Shares Offered 813,000 (15%)
Retail Shares Offered 1,897,000 (35%)
Total Shares Offered 5,420,000 (100%)
Beacon Trusteeship Limited IPO Subscription Status (Bid Detail) Live Subscription
Beacon Trusteeship Limited IPO Subscription Status Live
Investor Category Shares Offered *** Shares Bid for Total Amount (Rs Cr.)* Subscription (times)
Qualified Institutions 2,710,000 8,000 0.05 0.00
Non-Institutional Buyers 813,000 4,546,000 27.28 5.59
Retail Investors 1,897,000 21,166,000 127.00 11.16
Total 4,607,000 25,720,000 154.32 5.58

* The total sum is computed according to either the final issue price or the upper price range.
** The allocation for anchor investors (or market makers) is excluded from the total shares offered.
*** Shares Offered" and "Total Amount" are determined using the upper end of the issue price range.
Beacon Trusteeship Limited IPO GMP
GMP Date IPO Price GMP Estimated Listing Price Last Updated
29-05-2021 ₹60 ₹95 ₹155 (158.33%) 29-05-2021 11:05
28-05-2024 ₹60 ₹100 ₹160 (166.67%) 28-05-2024 12:05
27-05-2024 ₹60 ₹70 ₹130 (116.67%) 27-05-2024 01:05
26-05-2024 ₹60 ₹60 ₹120 (100.00%) 26-05-2024 01:05
25-05-2024 ₹60 ₹55 ₹115 (91.67%) 25-05-2024 12:05
24-05-2024 ₹60 ₹40 ₹100 (66.67%) 24-05-2024 12:05
23-05-2024 ₹60 ₹30 ₹90 (50.00%) 23-05-2024 12:05
22-05-2024 ₹60 ₹10 ₹70 (16.67%) 22-05-2024 12:05
Beacon Trusteeship Limited IPO Timeline (Tentative Schedule)

Beacon Trusteeship Limited IPO opens on May 28, 2024 and closes on May 30, 2024.

IPO Open Date Tuesday, May 28, 2024
IPO Close Date Thursday, May 30, 2024
Basis of Allotment* Friday, May 31, 2024
Initiation of Refunds* Monday, June 3, 2024
Credit of Shares to Demat* Monday, June 3, 2024
Listing Date* Tuesday, June 4, 2024
Cut-off time for UPI mandate confirmation 05:00 pm, May 30, 2024
Beacon Trusteeship Limited IPO Lot Size Lot Size Calculator

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 ₹ 120,000
Retail (Max) 1 2000 ₹ 120,000
HNI (Min) 2 4000 ₹ 240,000
Beacon Trusteeship Limited IPO Promoter Holding

The promoters of the company are Prasana Analytics Private Limited and Mr. Pratapsingh Indrajitsingh Nathani

Share Holding Pre Issue 67.88%
Share Holding Post Issue 46.14%
About Beacon Trusteeship Limited IPO

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:

  • Debenture trusteeship: Assisting the issuing company in the issuance of any type of debenture, including non-convertible debentures.
  • Security trustee for Loans: Appointing an investment manager, holding trust funds for the benefit of the beneficiaries, applying for a registration certificate with SEBI, maintaining books of accounts, maintaining confidentiality in respect of the investments and other matters as per the respective agreements.
  • Alternative Investment Funds: Making timely declarations to the investors, ensuring timely disbursements to the investors, ensuring that the investments in the trust are made in accordance with the agreement, segregation of assets, and ensuring that all transactions are properly accounted for in accordance with the agreement.
  • Securitization and Escrow: Ensuring that transfers from the Escrow account are made only to the designated collection account or other account specified in the formal agreement. Drafting and reviewing the Escrow agreement, setting up the Escrow mechanism, documentation, and timely monitoring.
Objects of the Beacon Trusteeship Limited IPO

The Net Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Building Up Technology Infrastructure for existing business.
  2. 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.
  3. Purchase of New Office Premises.
  4. General Corporate Purpose.
Beacon Trusteeship Limited IPO Prospectus
Contact Details

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 Limited IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: btsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Beacon Trusteeship Limited IPO Listing Details
Listing Date June 4, 2024
Final Issue Price ₹ 60 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information View IPO Performance
Price Details NSE BSE
Final Issue Price ₹ 60 ₹ 60
FAQ

Beacon Trusteeship Limited IPO is a main-board FPO of 5,420,000 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 23.23 Crores. The issue is priced at ₹57 to ₹60 per share. The minimum order quantity is 2000 Shares.

The Beacon Trusteeship Limited IPO opens on May 28, 2024 and closes on May 30, 2024.

Retail Investors: ₹.120,000 (2000 shares) Small HNI : ₹.240,000(2 lots, 4000 shares) Big HNI : ₹.1,080,000(9 lots, 18000 shares)

The finalization of Basis of Allotment for Beacon Trusteeship Limited 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 Limited IPO allotment status.