Beacon Trusteeship IPO listed @ Rs. 90

    Beacon Trusteeship IPO GMP

    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.

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    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.