The Beacon Trusteeship Limited date has been confirmed from May 28, 2024 – May 30, 2024. Read the post to learn about Beacon Trusteeship Limited IPO GMP.
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.
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Key Details Of Beacon Trusteeship Limited IPO
Bidding Dates
May 28 -30
Price Range
₹57 to ₹60 per share
Face Value
₹10 per share
GMP
₹72
Beacon Trusteeship Limited IPO GMP
The Beacon Trusteeship Limited IPO GMP is ₹72.
IPO Overview
The 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 be listed on NSE SME with a tentative listing date fixed for Tuesday, June 4, 2024.
The 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.
Beacon Trusteeship Limited 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 Limited Financial Information
| 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 | ||||
Beacon Trusteeship Limited IPO Timeline
| 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 |
Company Profile
A team of former bankers established Beacon, which is now managed by a senior board of independent directors and advisors from reputable institutions. Our team has a combined experience of more than 150 years in the banking and financial markets. Beacon Trusteeship has consistently been ranked as one of the top three debt trustee companies by the PRIME Database for the past three years.
Our team consists of enthusiastic advocates and committed staff who are here to provide you with the finest trustee services
in India. Their strong belief in our vision and mission guides our plans and gives us a clear strategic direction to greatly enhance the value of our services. We aspire to be a relationship-oriented trustee with a collaborative approach, setting a standard in our industry and being recognized for the dedication and excellence of our teams.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Beacon Trusteeship Limited |
| Phone number | +91 95554 49955 |
| Email ID | [email protected] |
| Website | beacontrustee.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Beacon Trusteeship Limited IPO FAQs
When Beacon Trusteeship IPO will open?
The Beacon Trusteeship IPO opens on May 28, 2024 and closes on May 30, 2024.
What is the lot size of Beacon Trusteeship IPO?
Beacon Trusteeship IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
When is Beacon Trusteeship IPO listing date?
The Beacon Trusteeship IPO listing date is not yet announced. The tentative date of Beacon Trusteeship IPO listing is Tuesday, June 4, 2024.
