Today, May 31, is the day for the Beacon Trusteeship IPO share allotment. Investors who applied for shares can check their allotment status on the registrar’s portal, Kfin Technologies Ltd. The IPO opened on May 28 and closed on May 30, with a subscription rate of 465.20 times on the final day of bidding, according to Chittorgarh.com.
How to Check Allotment Status:
- Visit the Registrar’s Portal: Go to the website of Kfin Technologies Ltd using the provided link: Beacon Trusteeship IPO Allotment Status.
- Select the IPO: Once on the site, choose “Beacon Trusteeship IPO” from the dropdown menu.
- Enter Your Details:
- If using the application number, enter it along with the captcha code and click “Submit.”
- If using your demat account, enter the required details and captcha code, then click “Submit.”
- If using your PAN, enter your PAN number and captcha code, then click “Submit.”
Refunds and Share Transfer:
For those who did not receive shares, the refund process will start on June 3. Those allotted shares will have them transferred to their demat accounts on the same day.
IPO Details:
The IPO, valued at ₹32.52 crore, includes a fresh issue of 3,872,000 equity shares at ₹10 each, and an offer-for-sale of 1,548,000 equity shares. The IPO raised ₹9.25 crore from anchor investors.
Use of Proceeds:
The funds from the IPO will be used for:
- Enhancing the company’s technology infrastructure.
- Acquiring Beacon RTA Services Private Limited to provide registrar and share transfer agent services.
- Purchasing new office space.
- General corporate purposes.
Key Players:
- Promoters: Pratapsingh Indrajitsingh Nathani and Prasana Analytics Private Limited.
- Lead Manager: Beeline Capital Advisors Pvt Ltd.
- Registrar: Kfin Technologies Limited.
- Market Maker: Spread X Securities.
GMP Today:
The grey market premium (GMP) for Beacon IPO today is +90. This suggests the shares are trading at a ₹90 premium in the grey market. Based on the IPO price of ₹60 and the current GMP, the estimated listing price is around ₹150 per share, indicating a 150% increase from the IPO price.
The GMP shows investors’ willingness to pay more than the issue price.
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