The Beacon Trusteeship IPO started on May 28, 2024, and ended on May 30, 2024. Shares were allocated on May 31, 2024, and refund processes began on June 3, 2024. On June 3, 2024, the shares were credited to investors demat accounts. Beacon Trusteeship was officially listed on the stock exchange on June 4, 2024.
During the IPO, Beacon Trusteeship offered shares at a price range of ₹57 to ₹60 per share, and the lot size was 2000 shares. The total issue size was ₹32.52 crores, with ₹29.29 crores from new shares and ₹9.29 crores from shares for sale. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Beacon Trusteeship IPO Subscription Update Video
Beacon Trusteeship IPO Subscription Status
The Beacon Trusteeship IPO on May 30, 2024 was subscribed 465.20 times, with the retail category being subscribed 502.49 times, the NII (Non-Institutional Investor) category being subscribed 779.38 times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed 163.86 times.
| Category | Subscription |
| QIB | 163.86x |
| NII | 779.38x |
| Retail | 502.49x |
| Total | 465.20x |
Beacon Trusteeship IPO Basic Details
| Company Name | Beacon Trusteeship Limited |
| Beacon Trusteeship IPO Open Date | May 28, 2024 |
| Beacon Trusteeship IPO Close Date | May 30, 2024 |
| Beacon Trusteeship IPO Allotment Date | May 31, 2024 |
| Beacon Trusteeship IPO Listing Date | June 4, 2024 |
| Face Value | ₹10 per share |
| Price | ₹57 to ₹60 per share |
| Lot Size | 2000 Shares |
| Issue Size | 5,420,000 shares of ₹10 (aggregating up to ₹32.52 Cr) |
| Fresh Issue | 3,872,000 shares of ₹10 (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 |
| Company Promoters | Prasana Analytics Private Limited and Mr. Pratapsingh Indrajitsingh Nathani |
About Beacon Trusteeship Limited
Beacon Trusteeship Limited, founded in 2015, offers a wide range of trustee services including Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Funds (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, and Safekeeping.
Beacon Trusteeship provides thorough due diligence, custodial services, compliance monitoring, documentation, disclosure, and record retention. Here’s an overview of their key services:
- Debenture Trusteeship: Assisting companies in issuing all types of debentures, including non-convertible debentures.
- Security Trustee for Loans: Appointing investment managers, managing trust funds for beneficiaries, applying for SEBI registration certificates, maintaining books of accounts, and ensuring confidentiality as per agreements.
- Alternative Investment Funds (AIF): Making timely declarations and disbursements to investors, ensuring investments comply with agreements, segregating assets, and accurately accounting for all transactions.
- Securitization and Escrow Services: Managing transfers from escrow accounts to designated accounts as specified in agreements, drafting and reviewing escrow agreements, setting up escrow mechanisms, and ensuring timely monitoring.
As of September 30, 2023, Beacon Trusteeship employs 69 people.
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Beacon Trusteeship IPO FAQs
What is the start and end date of Beacon Trusteeship IPO Subscription?
The Beacon Trusteeship IPO started on May 28, 2024, and ended on May 30, 2024.
When does Beacon Trusteeship IPO Subscription open?
The Beacon Trusteeship IPO open on May 28, 2024.
When does Beacon Trusteeship IPO Subscription close?
The Beacon Trusteeship IPO Close on May 30, 2024.
What is the allotment date of Beacon Trusteeship IPO?
The allotment date for Beacon Trusteeship IPO is May 31, 2024.
When is the initial refund date of Beacon Trusteeship IPO?
The initial Refund date for Beacon Trusteeship IPO is June 3, 2024.
When were the shares credited to investors demat accounts for the Beacon Trusteeship IPO?
The shares for the Beacon Trusteeship IPO were credited to investors demat accounts on June 3, 2024.
When will Beacon Trusteeship IPO be listed on the stock market?
Beacon Trusteeship IPO stock market will be listed on June 4, 2024 at 10 am.
What was the price range of the Beacon Trusteeship IPO shares?
The Beacon Trusteeship IPO shares were offered at a price range of ₹57 to ₹60 per share.
What was the lot size for the Beacon Trusteeship IPO shares?
The lot size for the Beacon Trusteeship IPO shares was 2000 shares.
What was the total issue size of the Beacon Trusteeship IPO?
The total issue size of the Beacon Trusteeship IPO was ₹32.52 crores.
How were the shares allocated among different types of investors for the Beacon Trusteeship IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Beacon Trusteeship IPO listed?
The Beacon Trusteeship IPO was listed on the NSE SME.
What is the Beacon Trusteeship IPO Subscription Status?
Beacon Trusteeship IPO is subscribed 465.20 Times.
