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20 Nov 2024
Beacon Trusteeship Limited IPO
Beacon Trusteeship Limited is a SEBI-registered Debenture Trustee that provides a wide range of trusteeship services across various sectors 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 allied services. Their company is currently managed by a group of professionals having extensive experience in the fields of Investment Banking, Finance, Debt Syndication and financial services at large. Their company provides trusteeship services by acting as an intermediary between the Issuer Company or entity and investors. 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. 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 list on NSE SME with a tentative listing date fixed as Tuesday, June 4, 2024. Beacon Trusteeship IPO price band is set at ₹57 to ₹60 per share. The minimum lot size for an application is 2000 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Beacon Trusteeship IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Beacon Trusteeship IPO is Spread X Securities.
Beacon Trusteeship IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Share holding pre issue | 14,192,913 |
| Share holding post issue | 18,064,913 |
| Market Maker portion | 272,000 shares Spread X Securities |
Beacon Trusteeship IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Beacon Trusteeship IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Beacon Trusteeship IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Beacon Trusteeship IPO Promoter Holding
| Share Holding Pre Issue | 67.88% |
| Share Holding Post Issue | 46.14% |
Beacon Trusteeship IPO Anchor Investors Details
| Bid Date | May 27, 2024 |
| Shares Offered | 1,542,000 |
| Anchor Portion Size (In Cr.) | 9.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 29, 2024 |
Company & Financials
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
- ● Security trustee for Loans
- ● Alternative Investment Funds
- ● Securitization and Escrow
Beacon Trusteeship Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,696.56 | 2,254.30 | 1,685.14 | 868.62 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,091.20 | 1,572.36 | 1,049.02 | 559.85 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 516.36 | 384.64 | 361.58 | 95.00 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,916.29 | 1,399.53 | 1,016.53 | 414.94 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 498.24 | 1,099.19 | 714.55 | 152.70 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 200.00 | |||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.12% |
| RoNW | 26.95% |
| P/BV | 4.44 |
| PAT Margin (%) | 25.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.64 | 2.86 |
| P/E (x) | 16.49 | 20.99 |
Objectives of Beacon Trusteeship IPO
The Net Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 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 IPO Review
The company is engaged in providing security markets related services under one roof. It posted growth in its top and bottom lines and poised for bright prospects ahead as growth in the economy will expand the scope of security market services and this company has a niche place in the segment. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards considering the bright prospects for this company going forward.
FAQs for Beacon Trusteeship IPO
-
What is Beacon Trusteeship IPO Size?
Beacon Trusteeship IPO size is ₹32.52 crores.
-
What is Beacon Trusteeship IPO Price Band?
Beacon Trusteeship IPO Price Band is ₹57 to ₹60 per equity share.
-
What is Beacon Trusteeship IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Beacon Trusteeship IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹120,000.
-
What is Beacon Trusteeship IPO Allotment Date?
Beacon Trusteeship IPO allotment date is May 31, 2024.
-
What is the Beacon Trusteeship IPO Listing Date?
Beacon Trusteeship IPO listing date is June 4, 2024. The IPO to list on NSE SME.
RHP:
RHP of Beacon Trusteeship Limited IPO
DRHP:
DRHP of Beacon Trusteeship Limited IPO
-
What is Beacon Trusteeship IPO Size?
Beacon Trusteeship IPO size is ₹32.52 crores.
-
What is Beacon Trusteeship IPO Price Band?
Beacon Trusteeship IPO Price Band is ₹57 to ₹60 per equity share.
-
What is Beacon Trusteeship IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Beacon Trusteeship IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹120,000.
-
What is Beacon Trusteeship IPO Allotment Date?
Beacon Trusteeship IPO allotment date is May 31, 2024.
-
What is the Beacon Trusteeship IPO Listing Date?
Beacon Trusteeship IPO listing date is June 4, 2024. The IPO to list on NSE SME.
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