Beacon IPO Set to Open May 28: Key Details on Shares, GMP, and More!

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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