22-May-2024
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Beacon Trusteeship IPO is open for subscription starting Monday, May 28, 2024, and closing on Wednesday, May 30, 2024. The price band of this upcoming IPO is decided at Rs 57 to Rs 60 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,20,000 (60 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (60 x 4000 shares). Beacon Trusteeship IPO is a book-built issue of Rs 32.52 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue consists of 38.72 lakh equity shares amounting to Rs 23.23 crores and OFS of 15.48 lakh equity shares amounting to Rs 9.29 crores. The allotment for this new IPO is expected to be finalised on Friday, May 31, 2024. Beacon Trusteeship IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, June 4, 2024. The book-running lead manager of Beacon Trusteeship IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Kfin Technologies Limited.
About Beacon Trusteeship Limited
Beacon Trusteeship Limited was established in 2015, is a debenture trustee offering trustee services in various areas such as Debenture Trustee Services, Security Trustee Services, Trustee AIF, Trustee ESOP, Security Trustee, Safekeeping and other related services. Beacon Group is led by its flagship company, Beacon Trusteeship Ltd which caters to a large number of Corporates, Institutions, Banks and NBFCs since 2016. The Trustee company has become a premier fiduciary company with US$180 Bn of Assets under Administration with 3500+ transactions with 1000 plus clients and being ranked in the Top Trustees in India by PRIME DATABASE. The Beacon Group is now diversified into various other new age businesses like Fund Accounting & Compliance Services, Digital Loan Aggregation, BFSI Software, Boutique IB, Wealth & Estate Planning & Payroll Management Services.
Objectives of Beacon Trusteeship IPO
The net funds received from this initial public offer will be used for building up technology infrastructure for existing business. Also, the acquisition of Beacon RTA Services Private Limited. Additionally, the funds will be utilised to purchase new office premises and fulfil the general corporate purposes.
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Financials of Beacon Trusteeship Limited (Amt in Rs Lakhs)
Beacon Trusteeship posted a revenue of Rs 1,226.60 lakhs and net profit of Rs 400.06 crore for the period ending on 30 Sep 2023. The revenue increased by 49.89% and PAT increased by 6.38% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 2,605.22 | 2,254.30 | 1,685.14 | 868.62 |
| Revenue | 1,226.60 | 1,572.36 | 1,049.02 | 559.85 |
| Profit After Tax | 400.06 | 384.64 | 361.58 | 95 |
| Net Worth | 1,799.80 | 1,399.53 | 1,016.53 | 414.94 |
| Reserves and Surplus | 1,499.24 | 1,099.19 | 714.55 | 152.7 |
| Total Borrowing | - | - | - | 200 |
Other Important Details of Beacon Trusteeship IPO
| IPO Date | May 28, 2024 to May 30, 2024 |
| Listing Date | 4-Jun-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 57 to Rs 60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,420,000 shares amounting to Rs 32.52 crore |
| Fresh Issue | 3,872,000 shares amounting to Rs 23.23 crore |
| Offer for Sale | 1,548,000 shares of Rs 10 amounting to Rs 9.29 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 272,000 shares |
Time-Table of Beacon Trusteeship IPO
| IPO Open Date | Tuesday, May 28, 2024 |
| IPO Close Date | Thursday, May 30, 2024 |
| Basis of Allotment | Friday, May 31, 2024 |
| Initiation of Refunds | 3-Jun-24 |
| Credit of Shares to Demat | 3-Jun-24 |
| Listing Date | 4-Jun-24 |
| Cut-off time for UPI mandate | 5 PM on May 30, 2024 |
Lot Size of Beacon Trusteeship IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 2000 | Rs 120,000 |
| Retail - maximum | 1 | 2000 | Rs 120,000 |
| HNI - minimum | 2 | 4,000 | Rs 240,000 |
IPO Reservation of Beacon Trusteeship Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Lead Manager(s) of Beacon Trusteeship IPO
The lead manager for Beacon Trusteeship IPO is Beeline Capital Advisors Private Limited.
How do you apply for the Beacon Trusteeship IPO?
Wait for the public issue to open for subscription, then click here to apply for the Beacon Trusteeship Limited IPO with Bigul.
How do you check the allotment status of Beacon Trusteeship IPO?
The registrar for Beacon Trusteeship IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What are the details of the Beacon Trusteeship IPO?
Beacon Trusteeship IPO is a book-built issue of Rs 32.52 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue consists of 38.72 lakh equity shares amounting to Rs 23.23 crores and OFS of 15.48 lakh equity shares amounting to Rs 9.29 crores.
- Who are the lead managers for the Beacon Trusteeship Limited IPO?
Beeline Capital Advisors Private Limited is appointed as the lead manager for the IPO.
- What is the role of Kfin Technologies Limited in this IPO?
Kfin Technologies Limited is the registrar for Beacon Trusteeship Limited, handling the IPO's administrative aspects.
- How can I apply for the Beacon Trusteeship IPO?
The public subscription of this new IPO will open on May 28, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The net funds received from this initial public offer will be used for building up technology infrastructure for existing business. Also, the acquisition of Beacon RTA Services Private Limited. Additionally, the funds will be utilised to purchase new office premises and fulfil the general corporate purposes.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Beacon Trusteeship Limited IPO by visiting here. For further updates follow Bigul.
- What is the financial performance of Beacon Trusteeship Limited?
Beacon Trusteeship posted a revenue of Rs 1,226.60 lakhs and net profit of Rs 400.06 crore for the period ending on 30 Sep 2023. The revenue increased by 49.89% and PAT increased by 6.38% between the FY ending with 31 March 2023 and 31 March 2022.
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