Beacon Trusteeship IPO is a book built issue of Rs 32.52 crores. The issue is a combination of fresh issue of 38.72 lakh shares aggregating to Rs 23.23 crores and offer for sale of 15.48 lakh shares aggregating to Rs 9.29 crores.
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.
Beacon Trusteeship IPO price band is set at ₹57 to ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Beacon Trusteeship IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Beacon Trusteeship IPO DRHP for detailed information.
Beacon Trusteeship IPO Details
| IPO Date | May 28, 2024 to May 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,420,000 shares (aggregating up to ₹32.52 Cr) |
| Fresh Issue | 3,872,000 shares (aggregating up to ₹23.23 Cr) |
| Offer for Sale | 1,548,000 shares of ₹10 (aggregating up to ₹9.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 272,000 shares |
Beacon Trusteeship IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Beacon Trusteeship IPO Timeline (Tentative Schedule)
Beacon Trusteeship 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 | 5 PM on May 30, 2024 |
Beacon Trusteeship IPO Lot Size
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 | 4,000 | ₹240,000 |
| Lot Size Calculator | |||
About Beacon Trusteeship Limited
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.
As of September 30, 2023, the company had 69 employees.
Beacon Trusteeship Limited Financial Information (Restated Consolidated)
Beacon Trusteeship Limited’s revenue increased by 49.89% and profit after tax (PAT) rose by 6.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | 95.00 |
| Net Worth | 1,799.80 | 1,399.53 | 1,016.53 | 414.94 |
| Reserves and Surplus | 1,499.24 | 1,099.19 | 714.55 | 152.70 |
| Total Borrowing | 200.00 | |||
| Amount in ₹ Lakhs | ||||
Objects of the Issue (Beacon Trusteeship IPO Objectives)
The Net Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Building Up Technology Infrastructure for existing business.
- 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.
- Purchase of New Office Premises.
- General Corporate Purpose.
Beacon Trusteeship IPO Prospectus
Beacon Trusteeship Limited 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 IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: btsl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/