Beacon Trusteeship Limited, a SEBI-registered debenture trustee, is set to launch its SME IPO to raise Rs. 32.52 crores. The subscription period for this IPO is from May 28, 2024, to May 30, 2024. The price band is set between Rs. 57 and Rs. 60 per share, with a minimum lot size of 2,000 shares.
The company provides a comprehensive range of trusteeship services across various sectors, including debenture trustee, security trustee and alternate investment funds, showcasing its diverse expertise and industry reach.
If you are interested in investing in the upcoming Beacon Trusteeship Limited IPO, make sure to read this blog. Here, we will walk you through crucial details about the IPO, the company's background, its strengths, potential risks and more.
Additional Read: How to Invest in an IPO Online
IPO Details
Here is a brief overview of Beacon Trusteeship Limited IPO.
IPO Launch Date
| May 28, 2024, to May 30, 2024
|
Issue Type
| Book Built IPO
|
Listed at
| NSE Emerge
|
Price Band
| Rs. 57 to Rs. 60 per share
|
Face Value
| Rs. 10 per share
|
Minimum Lot Size
| 2,000 shares (Retail Investors)
|
Fresh Issue Size
| 38,72,000 shares
|
OFS Size
| 15,48,000 shares
|
Total Issue Size
| Rs. 32.52 crore
|
Shareholding Pre-Issue
| 1,41,92,913
|
Shareholding Post-Issue
| 1,80,64,913
|
About the Company
Incorporated in 2015, Beacon Trusteeship Limited is a SEBI-registered Debenture Trustee offering a wide range of trusteeship services. Acting as an intermediary between the issuer and investors, the company’s services encompass custodial services, compliance monitoring, documentation, disclosures and record keeping.
Beacon Trusteeship Ltd operates in over 15 Indian cities, including a strategic office in GIFT City. The company is led by a team of seasoned professionals with extensive expertise in investment banking, finance, debt syndication and broader financial services. As of March 31, 2024, Beacon boasted a workforce of 76 employees and completed 589 assignments, demonstrating its robust operational capacity and industry leadership.
To expand its reach in the trustee industry, Beacon Trusteeship Limited is now launching its inaugural IPO through the book-building route, offering 54,20,000 equity shares at Rs. 10 each to raise Rs. 32.52 crore. The net proceeds from its IPO will be allocated towards building up technology infrastructure and investing in its wholly-owned subsidiary Beacon Investor Holdings Private Limited. The funds will be also used to purchase new office premises and for general corporate purposes.
Additional Read: Difference Between NFO and IPO
IPO Timeline
Beacon Trusteeship Limited has recently announced the tentative timeline with some key dates associated with the launch of its IPO. Take a look.
Open Date
| Tuesday, May 28, 2024
|
Close Date
| Thursday, May 30, 2024
|
Cut-off Time for UPI Mandate Confirmation
| 5 PM on May 30, 2024
|
Basis of Allotment Date
| Friday, May 31, 2024
|
Initiation of Refunds Date
| Monday, June 3, 2024
|
Date of Credit of Shares to Demat
| Monday, June 3, 2024
|
Listing Date
| Tuesday, June 4, 2024
|
IPO Lot Sizes
To participate in the upcoming Beacon Trusteeship Limited IPO, retail investors must purchase a minimum of one lot consisting of 2,000 shares. The table below outlines the lot sizes for various types of investors:
Application
| Lots
| Shares
| Amount
|
Retail (Minimum)
| 1
| 2,000
| Rs. 1,20,000
|
Retail (Maximum)
| 1
| 2,000
| Rs. 1,20,000
|
HNI (Minimum)
| 2
| 4,000
| Rs. 2,40,000
|
Company Financials
Let us take a look at the financial summary of Beacon Trusteeship Limited for the past three years before investing in its IPO.
Particulars
| For the Financial Year Ending (In Rs. Lakhs)
|
| March 31, 2024
| March 31, 2023
| March 31, 2022
|
Total Assets
| 2,696.56
| 2,254.30
| 1,685.14
|
Total Liabilities
| 779.03
| 853.13
| 668.61
|
Total Expenses
| 1,385.93
| 1,039.20
| 560.78
|
Total Revenue
| 2,091.20
| 1,572.36
| 1,049.02
|
Profit/Loss After Tax
| 516.36
| 384.64
| 361.58
|
EBITDA
| 689.29
| 499.86
| 487.67
|
EPS (Basic and Diluted)
| 3.64
| 2.71
| 2.74
|
Strengths of the Company
The following points outline the strengths of Beacon Trusteeship Limited, highlighting why its IPO could be a valuable investment opportunity:
Beacon Trusteeship Limited has been in business for 8 years, backed by promoters with extensive experience. The company's legacy and strong background are among its key strengths.
One of the most significant strengths of the company lies in its in-house professional team. Its in-depth and specialised knowledge of the business sets it apart.
It boasts a pan-India presence with a network spanning across various Indian states, as well as a global presence in Singapore.
The company has established a robust performance track record and is renowned for its integrity and reliability.
Risks Involved
When considering an investment in an IPO, it is crucial to analyse the associated risks. Explore the risk factors associated with the business of Beacon Trusteeship Limited.
A few ongoing litigations can pose a risk to the business, potentially impacting its reputation, operations and financial results.
Trustee companies frequently encounter competition from established firms and newcomers. If the competition increases, it may exert downward pressure on fees and margins.
As a trustee company, it has to safeguard the interests of debenture holders. Failure to fulfil obligations and duties adequately may harm its reputation and make it difficult to onboard new clients.
Summing Up
Beacon Trusteeship Limited IPO is all set to launch with the company having received SEBI’s nod. Make sure to have your demat and trading accounts ready by May 28, 2024, and gain detailed insights into the IPO before putting in your money. The IPO full form stands for Initial Public Offering, which is the process through which a company offers its shares to the public for the first time. For all such latest information on upcoming IPOs, stay tuned to our website.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here https//bit.ly/3Tcsfuc