Beacon Trusteeship IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Beacon Trusteeship IPO listing Review:
The scrip is listed at Rs. 214, @ premium of 46.26% over the issue price of Rs. 147. The listing has been very much below the expectations of the grey market players.
Beacon Trusteeship IPO Post listing Guidance:
The current Valuation appears to be okay, till the results of Q1 of 2024-25 are announced. The company earned EPS of Rs. 3.64 during the year 2023-24 and the listing price indicate PE multiple of 24.65.
The company has strong business and profitability. If the company can maintain the profitability which it showed in the last financial year, the share price is expected to show strong rise in the next few months.
Hold/Accumulate
What is the latest GMP of Beacon Trusteeship IPO?*
Latest GMP & Subject to rates: Click
Check Subscription status of Beacon Trusteeship IPO
On 30 May 2024 @ 5.00 (Day 3) (Closed)
Review: Strong trend seen in all categories
QIB: 163.86 T
NII: 779.38 T
RII: 502.49 T
Total: 465.20 T
Application: 452742 (502.49X)
Amount wise Subscription: Rs. 14370.03 Crore
What is the business of Beacon Trusteeship?
Beacon Trusteeship is a SEBI registered Debenture Trustee vide Registration No. IND000000569, which provides wide range of trusteeship service 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, Safe keeping and other allied services. The company is currently managed by group of professionals having extensive experience in the field of Investment Banking, Finance, Debt Syndication and financial services at large. The company provides trusteeship services by acting as intermediary between the issuer company or entity and investors.
The company as a Debenture Trustee plays a pivotal role in its Scope of work under trusteeship services includes Due diligence, Custodial services, Monitoring compliance, Documentation, Disclosures, Record keeping etc. As a trustee, the company plays a crucial role in maintaining investor confidence by safeguarding their interests and promoting transparency and accountability.
The Company with the help of a technology, a dedicated legal and compliance team for each of its products viz. Debenture Trusteeship, Security Trustee for Loans, Alternative Investment Funds, Securitization and Escrow, it is able to execute transactions as per its clients’ needs. The company has built its own client-facing ERP System, a dedicated platform for Securitization & a Covenant Monitoring Tech Platform, demonstrating our adaption and flexibility to the new age business and ease of doing business for its customers.
Get more information about the company @ https://beacontrustee.co.in/
| Beacon Trusteeship IPO Details | |
| IPO opens on | 28 May 2024 |
| IPO closes on | 30 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 54200000 Shares / Rs 32.52 Crore |
| * Fresh Issue | 3872000 Shares / Rs 23.23 Crore |
| * Offer for Sale | 1548000 Shares / Rs 9.29 Crore |
| Market Maker Portion | 272000 Shares |
| Net offer to Public | 5248000 Shares/ Rs.30.89 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.57-60 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in Beacon Trusteeship IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2574000 | 15.45 |
| NII (15%) | 772200 | 4.63 |
| RII (35%) | 1801800 | 10.81 |
| Total Shares | 5148000 | 30.89 |
| Retail portion will be oversubscribed by | 901 | |
| Forms | ||
| How much Shares to Apply in Beacon Trusteeship IPO? | ||
| Min Retail Application | 2000 Shares | Rs. 120000 |
| Min HNI Application | 4000 Shares | Rs.240000 |
Who are the Promoters of Beacon Trusteeship IPO?
The promoters of the company are PRASANA ANALYTICS PRIVATE LIMITED AND MR. PRATAPSINGH INDRAJITSINGH NATHANI
What are the Objects of Beacon Trusteeship IPO?
The Offer comprises of a Fresh Issue as well as offer for sale of Equity shares.
The objects of the present issue of Equity Shares are:
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 Tentative timetable | |
| IPO opens on | 28 May 2024 |
| IPO Closes on | 30 May 2024 |
| IPO Allotment on | 31 May 2024 |
| Refund Initiation | 3 June 2024 |
| Credit of Shares | 3 June 2024 |
| Listing on | 4 June 2024 |
| Registered Office of the Company Beacon Trusteeship Limited 7A & B, Siddhivinayak Chambers, Opp MIG Cricket Club, Gandhi Nagar, Bandra (East) Mumbai, Bandra – 400051 |
| Who is the Lead Manager of Beacon Trusteeship IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Beacon Trusteeship IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 5.60 | 0.95 | 0.77 | 22.89 |
| 2021-22 | 10.49 | 3.62 | 2.74 | 35.57 |
| 2022-23 | 15.72 | 3.85 | 2.71 | 27.48 |
| Book Value of the Share on | 31.03.2023 | Rs 9.89 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 60 | |||
| Beacon Trusteeship IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 22.14 |
| Price/BV Ratio | 6.07 |
| Upper price/BV after IPO | – |
How Beacon Trusteeship IPO compares with the Peers?
Given the business model and its diversified product portfolio, there are no direct listed companies, whose business portfolio is comparable with that of the Company business and comparable to its scale of operations.
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Beacon Trusteeship IPO To the point Guidance
Beacon Trusteeship is a SEBI registered Debenture Trustee vide Registration No. IND000000569, which provides wide range of trusteeship service 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, Safe keeping and other allied services. The company is currently managed by group of professionals having extensive experience in the field of Investment Banking, Finance, Debt Syndication and financial services at large.
Size: The net offer is of Rs. 30.89 Crore/5148000 shares. Retail portion is Rs. 10.81 crore and it can get one time subscribed with 901 applications. The size of the IPO is normal and not very large. Getting over subscription may not be an issue.
Financial Snapshot: The company has strong and growing business. It has established itself in the business of Trusteeship and created a name. Sales and profits are okay. The shares are offered at attractive valuation and there is room for listing gain. Apply.
Quicklinks
Beacon Trusteeship IPO GMP today details?
Beacon Trusteeship IPO
Beacon Trusteeship IPO FAQs
What is Beacon Trusteeship IPO?
Beacon Trusteeship is a SME IPO of 5420000 equity shares of the face value of Rs. 10 aggregating up to Rs.32.52 Crores. The issue is priced at Rs.60 per share. The minimum order quantity is 2000 Shares.
When will Beacon Trusteeship IPO open?
Beacon Trusteeship IPO opens on May 29, 2024, and closes on May 30, 2024.
What is the lot size of Beacon Trusteeship IPO?
Beacon Trusteeship IPO lot size is 2000 Shares, and the minimum amount required is Rs.120000.
How to apply for Beacon Trusteeship IPO?
You can apply in Beacon Trusteeship IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Beacon Trusteeship IPO allotment?
The finalization of Basis of Allotment for Beacon Trusteeship IPO will be done on May 31, 2024, and the allotted shares will be credited to your demat account by June 3, 2024.
When is Beacon Trusteeship IPO listing date?
Beacon Trusteeship IPO listing date is June 4, 2024.
