Beacon Trusteeship IPO: Check Issue Date, Price, Lot Size & Company Financial

Q: When will Beacon Trusteeship Ltd's IPO open for subscription?

The IPO subscription window will open on May 28, 2024 .

IPO Details

Bidding Dates

28 May '24 - 30 May '24

Minimum Investment

₹1,20,000 / 1 Lot ( 2,000 Shares )

Price Range

₹57 - ₹60

Maximum Investment

₹1,20,000 / 1 Lot ( 2,000 Shares )

Retail Discount

To be announced

Issue Size

₹32.52 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 28, 2024

IPO Closing Date

May 30, 2024

Basis of Allotment

May 31, 2024

Initiation of Refunds

Jun 3, 2024

Credit of Shares to Demat

Jun 3, 2024

IPO Listing Date

Jun 4, 2024

Cut-off time for UPI mandate confirmation

May 30, 2024

About Beacon Trusteeship Ltd

Beacon Trusteeship Limited, established in 2015, is a debenture trustee that offers a comprehensive range of services, including Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund (AIF), Trustee to ESOP, Securitisation Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping, and other related services.

The company specialises in due diligence, custodial services, compliance monitoring, documentation, disclosure, and record retention. In its Debenture Trusteeship role, Beacon Trusteeship assists issuers in issuing all types of debentures, including non-convertible debentures.

As a Security Trustee for Loans, the company appoints investment managers, holds beneficiary trust funds, and ensures confidentiality and agreement compliance.

For Alternative Investment Funds, it ensures timely declarations and disbursements to investors, proper asset segregation, and accurate transaction accounting in line with agreements.

In the area of Securitisation and Escrow, Beacon Trusteeship manages the transfer of funds from Escrow accounts, drafts and reviews Escrow agreements, and conducts timely monitoring. As of September 30, 2023, Beacon Trusteeship employs 69 individuals.

Industry Outlook:

India's stock market is poised to surpass the UK by 2024, reaching over US$ 5 trillion, making it the fifth-largest worldwide, driven by robust investor inflow.
The NSE emerged as the world's largest derivatives exchange in 2020, with the highest number of contracts traded, showcasing India's growing dominance in global financial markets.

Beacon Trusteeship Limited IPO Details

Beacon Trusteeship Limited IPO Dates

Beacon Trusteeship IPO is open from May 28, 2024, to May 30, 2024. The IPO will be listed on NSE SME.

Beacon Trusteeship Limited IPO Price Band

Beacon Trusteeship is a book-built issue IPO. The price band is set at ₹57 to ₹60 per share.

Beacon Trusteeship Limited IPO Lot Size

The lot size for Beacon Trusteeship Limited’s IPO is 2,000 shares with a minimum investment of ₹1,20,000.

Beacon Trusteeship Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

Building Up Technology Infrastructure for our existing business.
Investment in a wholly owned subsidiary, Beacon Investor Holdings Private Limited, to commence the services of Depository Participant and Registrar and share Transfer Agent.
Purchase of New Office Premises.
General Corporate Purpose.

Peer Details

There are no listed companies in India or abroad engaged in developing a similar line of product solutions to those of Beacon Trusteeship Limited.

How to Check the Allotment Status of the Beacon Trusteeship Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the Individual order details page of the IPO that you had applied for.
Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Beacon Trusteeship Limited IPO

Registered office: 7A & B, Siddhivinayak Chambers, Opp MIG Cricket Club, Gandhi Nagar, Bandra (East), Mumbai, Bandra, Maharashtra, India, 400051
Phone: +91 95554 49955
E-mail:ipo@beacontrustee.co.in

IPO Financials

Particulars	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue from Operations (in ₹ lakh)	1,991.56	1,480.56	1,002.90
Profit After Tax (PAT) (in ₹ lakh)	516.36	384.64	361.58
Cash & Cash Equivalents (in ₹ lakh)	564.26	60.27	141.30
Net Worth (in ₹ lakh)	1,916.29	1,399.53	1,016.53
Debt to Equity Ratio(x)	0	0	0
Return on Capital Employed (RoCE) (%)	37.31%	39.42%	44.94%
Diluted Earning Per Share (EPS)-in absolute ₹	3.64	2.71	2.74

Know before investing

Strengths

The company ranks among the Top 3 Trustees, leveraging relationships established by its promoter ex-bankers to secure significant debt assignments from notable sectors.
Beacon has developed proprietary technologies like Beacon ERP & Beacon Prosec, enhancing efficiency and reducing costs through significant automation and minimal human intervention.
Expansion into tier-II and tier-III cities could broaden Beacon's client base, tapping into the growing demand for trustee services in these regions.
The company can diversify its offerings, including asset securitisation and structured finance, to meet evolving client needs in a market with a 9% CAGR.

Risks

Beacon Trusteeship faces litigation risks with 5 cases involving ₹51.67 lakh, potentially impacting its business, reputation, and operations if outcomes are adverse.
The company's lease dependency for its registered office at 7A & B, Siddhivinayak Chambers, Mumbai, poses risks of operational disruption and increased costs.
Regulatory changes by SEBI could impact Beacon's business model, potentially limiting service offerings and increasing operational costs for compliance.
Intense competition in the trustee industry may lead to reduced fees and margins, and necessitate costly investments in new technologies and services for Beacon.