Beacon Trusteeship Limited IPO
- IPO Date28 May, 2024 to 30 May, 2024
- Listing Date04 Jun, 2024
- Face Value₹10 per share
- Issue Price₹57 to ₹60 per share
- Lot Size2000 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size54,20,000 Shares
(aggregating up to ₹32.52 Cr) - Fresh Issue38,72,000 Shares
(aggregating up to ₹23.23 Cr)
- Offer for Sale15,48,000 Shares
(aggregating up to ₹9.29 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,41,92,913
- Shareholding post issue1,80,64,913
IPO Dates
Closing Date
30 May, 2024
Initiation of Refunds
03 Jun, 2024
Listing Date
04 Jun, 2024
28 May, 2024
Opening Date
31 May, 2024
Basis of Allotment
03 Jun, 2024
Credit of Shares
Beacon Trusteeship Limited 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 | ₹1,20,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,20,000 |
| S-HNI (Max) | - | - | - |
Beacon Trusteeship Limited Promoter Holding
Prasana Analytics Private Limited and Mr. Pratapsingh Indrajitsingh Nathani are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 67.88% | 46.14% |
Beacon Trusteeship Limited COMPANY INFORMATION
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 bidding started from May 28, 2024 and ended on May 30, 2024. The allotment for Beacon Trusteeship IPO was finalized on Friday, May 31, 2024. The shares got listed on NSE SME on 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. The market maker for Beacon Trusteeship IPO is Spread X Securities. Refer to Beacon Trusteeship IPO RHP for detailed information.
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.
FAQs About Beacon Trusteeship Limited Ipo
Beacon Trusteeship Limited IPO will open on 28 May, 2024 and close on 30 May, 2024. Investors must apply within this period to participate.
The Beacon Trusteeship Limited IPO price band is set between ₹57.00 and ₹60.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹120000.00.
The Beacon Trusteeship Limited IPO shares are expected to be listed on 04 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your Beacon Trusteeship Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Beacon Trusteeship Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.