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Beacon Trusteeship Limited IPO Detail

Beacon Trusteeship Limited IPO Detail

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.

Company Promoters

Prasana Analytics Private Limited and Mr. Pratapsingh Indrajitsingh Nathani

IPO Details

IPO Opening DateMay 28, 2024
IPO Closing DateMay 30, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹57 - 60 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size₹32.52 Cr
Fresh Issue₹23.23 Cr
Offer for Sale₹9.29 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.99x 0.00x 0.00x 27.15x 51.85x 32.02x
Day 2 9.69x 0.00x 0.00x 147.25x 196.02x 132.33x
Day 3 163.86x 0.00x 0.00x 779.38x 502.49x 465.20x

IPO Tentative Timetable

The Beacon Trusteeship Limited IPO open date is May 28, 2024, and the close date is May 30, 2024. The issue may list on Jun 04, 2024.

IPO Open DateMay 28, 2024
IPO Close DateMay 30, 2024
Basis of Allotment DateMay 31, 2024
Initiation of RefundsJun 03, 2024
Credit of Shares to Demat AccountJun 03, 2024
IPO Listing DateJun 04, 2024

IPO Lot Size

The Beacon Trusteeship Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹120000
Maximum12000₹120000

IPO Promoter Holding

Pre Issue Share Holding67.88%
Post Issue Share Holding46.14%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 868.62 559.85 95.00
31-Mar-22 1685.14 1049.02 361.58
31-Mar-23 2254.30 1572.36 384.64
31-Mar-24 2696.56 2091.20 516.36

Objects of the Issue:

The Net Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  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.

Beacon Trusteeship Limited IPO Registrar:

KFin Technologies Limited

Beacon Trusteeship Limited IPO Lead Manager(s):

Beeline Capital Advisors Pvt Ltd

Company Contact Information:

Beacon Trusteeship Limited

7A & B, Siddhivinayak Chambers,

Opp MIG Cricket Club, Gandhi Nagar, Bandra (East)

Mumbai, Bandra - 400051