Beacon Trusteeship Limited

Beacon Trusteeship Limited

NSE SME

₹120,000 / 2000 Shares

Offer Date:May 28, 2024 - May 30, 2024

IPO Details

Beacon Trusteeship Limited IPO is priced between ₹57-60 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Kfin Technologies Limited is managing the issue as the registrar.

The IPO bidding period opened on 28 May, 2024, and closed on 30 May, 2024. The allotment results will be announced on 31 May, 2024, with a tentative listing date set for 4 Jun, 2024.

The total issue comprises 5,420,000 shares, amounting to ₹32.52 Cr.

Beacon Trusteeship Limited IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
May 28, 2024 - May 30, 20244 Jun, 2024₹10 Per Equity Share₹57-60 per equity share- Shares -NSE SME

Beacon Trusteeship Limited IPO Timeline

IPO Open Date
28 May, 2024
IPO Close Date
30 May, 2024
Basis of Allotment
31 May, 2024
Listing Date
4 Jun, 2024

Issue Price

₹57-60 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

Market Lot

2000 Shares (₹120,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

5,420,000 shares(aggregating up to ₹32.52 Cr)

Retail Portion

35%

Subscription

465.00 times

IPO Docs

DRHP RHP

Beacon Trusteeship Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 242696.562091.20516.361916.29498.24-
31 Mar 232254.301572.36384.641399.531099.19-
31 Mar 221685.141049.02361.581016.53714.55-

All values are in ₹ Lakh

Beacon Trusteeship Limited IPO Valuations

EPS PRE IPO

₹3.64/-

EPS POST IPO

₹2.86/-

PE PRE IPO

16.49

PE POST IPO

20.99

ROE

31.12%

ROCE

-

DEBT EQUITY

-

RONW

26.95%

PAT MARGIN

25.93

PRICE TO BOOK VALUE

4.44

About Company

Established in 2015, Beacon Trusteeship Limited is a Deemed Debenture Trustee providing trustee services in various verticals such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund, Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping and several other related trustee services.

In addition, its due diligence includes custodial services, compliance monitoring, documentation and disclosure, among others. Documentation, disclosure, custodial services are part of services rendered by it.

Debenture trusteeship: Helping the issuing company to issue any kind of debentures, even non-convertible debentures .

Security trustee for loans: Providing an investment manager, holding trust funds for the benefit of the beneficiaries, applying for the said registration certificate with SEBI, maintaining the books of accounts, maintaining confidentiality in respect of investments, other matters as per the respective agreements.

Alternative Investment Funds: making timely declarations to the investors, ensuring that there is prompt payment to the investors, that investments in the trust are carried out in terms of the agreement, segregation of assets, and ensuring that all transactions are properly accounted for in accordance with the agreement.

Securitization and Escrow : Ensure that the Escrow account transfer is made only to the collector account or other specified account in the formal agreement. Drafting and reviewing the Escrow agreement, setup of the Escrow mechanism, documentation, and timely monitoring.

The company has 69 employees as of September 30, 2023.

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Beacon Trusteeship Limited IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved1,231,000 / 924,0002,154,0004,309,000
Day 1 - 28-05-24 06:00 PM0.99 / 27.15 x51.85 x32.02 x
Day 2 - 29-05-24 06:00 PM9.69 / 147.25 x196.02 x132.33 x
Day 3 - 30-05-24 06:00 PM163.86 / 779.36 x502.10 x465.00 x
Total No. of Applications:4,52,396 (Approx)

Beacon Trusteeship Limited IPO - Issue Objectives

  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.
Company 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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: btsl.ipo@kfintech.com

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