Beacon Trusteeship - AstroIPO

Beacon Trusteeship IPO


May 27, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Beacon Trusteeship Ltd., a finance company in the investment sector, is launching its IPO on May 28, 2024. This three-day offering aims to raise between ₹30.89 crore and ₹32.52 crore through a book-building process.

The company is offering 54.20 lakh shares at a price band of ₹57 to ₹60 per share. The minimum application is for 2000 shares, with a maximum retail subscription limit of ₹5 lakh.

Beacon Trusteeship Ltd. plans to list on the National Stock Exchange (NSE) on June 4, 2024. This IPO presents an opportunity to gain exposure to the finance-investment sector, which plays a critical role in India’s economic growth.

The company operates in a dynamic industry that’s influenced by various factors such as economic conditions, regulatory changes, and market trends. As a trusteeship service provider, Beacon Trusteeship Ltd. may benefit from the growing complexity of financial instruments and increasing focus on corporate governance.

Beacon Trusteeship IPO Details

IPO Size 32.52
Price Range ₹57 - ₹60
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 2000
Investment (cut-off price) ₹120,000
Pre IPO Promotor Holding 66.95%
Post IPO Promotor Holding 46.14%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Beacon Trusteeship IPO Timelines

28/05/2024
Start Date
30/05/2024
End Date
31/05/2024
Allotment Date View Status
03/06/2024
Refund Initiation
03/06/2024
Credit of Shares to Demat Ac
04/06/2024
Listing Date

Beacon Trusteeship IPO Lot Size

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 Subscription Status

QIB NII Retail EMP Total
163.86 x 779.38 x 502.49 x -- 465.20 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹90 ₹94.50 ₹94.50 ₹85.60

Beacon Trusteeship IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹5.60 ₹4.09 ₹0.95
FY 2022 ₹10.49 ₹5.61 ₹3.62
FY 2023 ₹15.72 ₹10.39 ₹3.85
FY 2024 (9M) ₹12.27 ₹6.78 ₹4.00

About Company

Beacon Trusteeship Limited is a SEBI-registered debenture trustee as per registration No. IND000000569. It provides a wide range of trusteeship services, such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Funds (AIFs), Trustee to ESOPs, Securitisation Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping, and other allied services across sectors. The company provides trusteeship services by acting as an intermediary between the issuer company or entity and investors. The company’s scope of work includes due diligence, custodial services, monitoring compliance, documentation, disclosures, record keeping, etc.

Incorporation Date Sector Managing Director
2015 Finance Pratapsingh Nathani

Know Before Investing

Beacon Trusteeship IPO Strengths

  • Legacy Advantages and Networking Capabilities.
  • Technological Proficiency.
  • Pan-India Presence and Global reach.
  • Credibility and Trust.

Beacon Trusteeship IPO Risks

  • Changes in regulations could impact the business model of company and increase in costs.
  • Do not own our registered office.
  • Company has certain outstanding litigation against them.
  • The business is subject to extensive SEBI.

Swot Analysis for Beacon Trusteeship IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Beacon Trusteeship Limited 7A & B, Siddhivinayak Chambers, Opp MIG Cricket Club, Gandhi Nagar, Bandra (East) Mumbai, Bandra - 400051 Phone: +91 95554 49955 Email: [email protected] Websitehttps://beacontrustee.co.in/

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: [email protected]

Website: https://kosmic.kfintech.com/ipostatus/

Company Details

Beacon Trusteeship Limited

7A & B, Siddhivinayak Chambers,
Opp MIG Cricket Club, Gandhi Nagar, Bandra (East)
Mumbai, Bandra – 400051

Phone: +91 95554 49955

Email: [email protected]

Website: https://beacontrustee.co.in/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: [email protected]

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of Beacon Trusteeship Ltd IPO are:

  1. Building Up Technology Infrastructure for their existing business.
  2. Acquisition of Beacon RTA Services Private Limited and Making it 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.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Beacon Trusteeship IPO.

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