Equity Share Allocation
- 50% of shares for Qualified Institutional Buyers (QIBs)
- 35% for retail investors
- 15% for non-institutional investors
About Beacon Trusteeship Limited
Founded in 2015, Beacon Trusteeship Limited provides various trustee services including bond trusteeship, escrow services, debenture, security, and more. It also acts as a trustee for ESOP, alternate investment funds (AIF), and securitisation. The company ensures outgoing payments from escrow accounts go to the designated collection account as per agreements. Their services include monitoring, documentation, escrow setup, and drafting escrow agreements.
Financial Performance
From March 31, 2023, to March 31, 2024, Beacon Trusteeship’s profit after tax (PAT) increased by 34.25%, and its revenue grew by 33%.
Beacon IPO Details
The Beacon Trusteeship IPO is valued at about ₹32.52 crore. It includes a fresh issue of 3,872,000 equity shares at a face value of ₹10 and an offer-for-sale of 1,548,000 equity shares. The IPO raised ₹9.25 crore from anchor investors.
Use of Proceeds
- Expanding technological infrastructure
- Acquiring Beacon RTA Services Private Limited
- Buying new office space
- General corporate purposes
Promoters and Managers
The company’s promoters are Pratapsingh Indrajitsingh Nathani and Prasana Analytics Private Limited. The lead manager for the IPO is Beeline Capital Advisors Pvt Ltd, and Kfin Technologies Limited is the registrar. Spread X Securities is the market maker.
Key Dates
- Allotment of Shares: Finalized on Friday, May 31
- Refunds: Initiated on Monday, June 3
- Shares Credited to Demat Accounts: Monday, June 3
- Listing on NSE SME: Tuesday, June 4
Beacon IPO GMP (Grey Market Premium)
The grey market premium (GMP) for Beacon IPO today is ₹65. This means shares are trading at a premium of ₹65 in the grey market. Considering the IPO price band and the current GMP, the estimated listing price is ₹125 per share, which is 108.33% higher than the IPO price of ₹60.
Grey Market Premium
The GMP shows investors’ willingness to pay more than the issue price, indicating strong demand.
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