Beacon Trusteeship IPO Review

 
Beacon Trusteeship IPO Review

IPO Open Date: May 28, 2024

IPO Close Date: May 30, 2024

IPO Price: ₹57 to ₹60 per share

Lot Size: 2000 Shares

Listing: June 04, 2024

Beacon Trusteeship is scheduled to hit the market on May 28, 2024 and close on May 30, 2024. Beacon Trusteeship plans to raise around ₹32.52 Cr through an IPO with a sale of up to 5,420,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Beacon Trusteeship Limited, established in 2015, offers a range of trustee services including Debenture Trustee Services, Security Trustee Services, and Trustee to Alternate Investment Fund (AIF). They also provide services such as Escrow Services, Safekeeping, and more. The company specializes in due diligence, custodial services, compliance monitoring, documentation, and record retention to ensure the smooth operation of their trustee services.

Among the services offered by Beacon Trusteeship Limited are assisting in the issuance of debentures, acting as a security trustee for loans, managing investments for Alternative Investment Funds, and overseeing securitization and escrow processes. With 69 employees as of September 30, 2023, the company is dedicated to ensuring that all transactions and agreements are executed accurately and in compliance with regulations to best serve their clients' needs.

Beacon Trusteeship



Beacon Trusteeship IPO Details

Beacon Trusteeship IPO opens on May 28, 2024, and closes on May 30, 2024. The Listing date for Beacon Trusteeship IPO is on June 04, 2024. The price band for IPO is ₹57 to ₹60 per share and lot size of 2000 Shares.

IPO DateMay 28, 2024 to May 30, 2024
Listing DateJune 04, 2024
Price₹57 to ₹60 per share
Lot Size2000 Shares
Issue Size₹32.52 Cr
Face Value₹10 per share

Beacon Trusteeship IPO Tentative Timetable

Beacon Trusteeship opening date is May 28, 2024 and close date is May 30, 2024. The IPO allotment date is May 31, 2024. The refund initiation of IPO is on June 03, 2024. The credit of shares in demat account is on June 03, 2024. The listing date is on June 04, 2024.

EventDate
IPO OpeningMay 28, 2024
IPO ClosingMay 30, 2024
IPO Allotment DateMay 31, 2024
Refund InitiationJune 03, 2024
Shares Credit to DematJune 03, 2024
Lisiting DateJune 04, 2024

Beacon Trusteeship IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹120,000
Retail(Maximum)12000₹120,000
HNI (Minimum)24000₹240,000

Beacon Trusteeship IPO Promoter Holding

Pre Issue Share Holding
Post Issue Share Holding

Beacon Trusteeship IPO Review

Beacon Trusteeship Limited, a renowned debenture trustee established in 2015, has recently announced its Initial Public Offering (IPO) with promising objectives. The company, known for its comprehensive trustee services including Debenture Trustee Services, Security Trustee Services, and more, aims to utilize the proceeds from the IPO for strategic purposes. One of the key focuses is on enhancing its technological infrastructure to further streamline its existing operations and services.

Moreover, Beacon Trusteeship Limited plans to acquire Beacon RTA Services Private Limited to expand its service portfolio by venturing into the realm of Depository Participant and Registrar & Share Transfer Agent services. This strategic move not only signifies growth but also diversification in the company's offerings. Additionally, the intention to procure new office premises highlights the company's commitment to expanding its physical presence to support its operational needs efficiently.

Overall, Beacon Trusteeship Limited's IPO presents an exciting opportunity for investors looking to partake in a company that has demonstrated consistent growth. With a track record of revenue and profit escalation, coupled with strategic utilization of funds for technological advancements and business expansion, the IPO showcases a well-thought-out plan for future success. Investors keen on a dynamic company operating in the trustee services sector may find Beacon Trusteeship Limited's IPO a promising investment opportunity worth considering.

Beacon Trusteeship IPO Subscription Status (Bidding Details)

Table not found

Beacon Trusteeship IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Beacon Trusteeship IPO FAQs

What is Beacon Trusteeship IPO?

Beacon Trusteeship is issuing 5,420,000 equity shares with a face value of 10 each, totaling up to ₹32.52 Cr. The shares are being offered at a price of ₹57 to ₹60 each, with a minimum order quantity of 2000 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Beacon Trusteeship IPO will open?

Beacon Trusteeship will open on May 28 2024 for QIB, NII, and Retail Investors.

When Beacon Trusteeship IPO will end?

Beacon Trusteeship will end on May 30, 2024.

What is Beacon Trusteeship IPO Size?

Beacon Trusteeship IPO size is 32.52 Cr.

What is Beacon Trusteeship IPO Price Band?

Beacon Trusteeship price band is ₹57 to ₹60 per share.

What is the Beacon Trusteeship IPO Allotment Date?

Beacon Trusteeship allotment date is May 31, 2024.

What is the Beacon Trusteeship IPO Listing Date?

Beacon Trusteeship listing date is June 04, 2024. The IPO is to be listed on BSE and NSE.

How to Beacon Trusteeship IPO through Zerodha?

To apply for the IPO “Beacon Trusteeship” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Beacon Trusteeship IPO through Upstox?

To apply for the IPO “Beacon Trusteeship” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Beacon Trusteeship IPO Allotment Status?

For Beacon Trusteeship IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Beacon Trusteeship IPO GMP?

You can check out here: Beacon Trusteeship IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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