Beacon Trusteeship was incorporated on December 23, 2015. The company is a SEBI-registered debenture trustee, providing a wide range of trusteeship services across various sectors such as debenture trustee services, security trustee services, trustee to alternate investment funds (AIF), trustee to ESOPs, securitization trustee, bond trusteeship services, escrow services, safekeeping, and other allied services.
| Bidding Dates |
|---|
| 28 May 2024 - 30 May 2024 |
| Subscription |
|---|
| 434.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 2000 | 5.4 M | ₹57 - ₹60 | 44.76 % | ₹308.9 M - ₹325.2 M | RHP DOC |
Beacon Trusteeship IPO SUBSCRIPTION STATUS
30 May '24Beacon Trusteeship IPO overall subscription rate was 434.41 times the total available shares
Beacon Trusteeship IPO retail subscription rate was 671.69 times in the retail segment
Beacon Trusteeship IPO non-institutional investor subscription rate was 1038.64 times in the non-institutional investor category
Beacon Trusteeship IPO Qualified Institutional Bidder subscription rate was 87.04 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 May 2024 (Day 3) | 671.69x | 1038.64x | 87.04x |
29 May 2024 (Day 2) | 254.86x | 194.91x | 5.15x |
28 May 2024 (Day 1) | 66.54x | 35.65x | 0.53x |
Beacon Trusteeship FINANCIALS
| Period | Net Profit (Rs in millions) | Net Premium Earned (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 51.6 | 199.2 | 57.7 | 40.7 | 34.6% |
| FY23 | 38.5 | 148.1 | -6.7 | -15.7 | 33.8% |
| FY22 | 36.2 | 100.3 | 6.6 | -2.7 | 48.6% |
Beacon Trusteeship IPO SUBSCRIPTION STATUS DETAILS
Beacon Trusteeship had 5.4 M shares on offer
Beacon Trusteeship IPO offer price was in the range ₹57 - ₹60
Beacon Trusteeship IPO minimum Investment was ₹114000
Beacon Trusteeship IPO issue size was ₹ 308.9 M - ₹ 325.2 M
Beacon Trusteeship had a minimum lot size of 2000 Shares per application
Beacon Trusteeship NUMBER OF SHARES ON OFFER
Beacon Trusteeship IPO IMPORTANT DATES
| Issue Open Date | 28 May 2024 |
| Issue close Date | 30 May 2024 |
| Allotment Date | 31 May 2024 |
| Refund Date | 03 Jun 2024 |
| Demat Account Credit Date | 03 Jun 2024 |
| Listing Date | 04 Jun 2024 |
| Listing on Exchange(s) | NSE |
| Beacon Trusteeship Allotment Status | Exchange |
Beacon Trusteeship IPO subscription opened on 28 May 2024, and closed on 30 May 2024
IPO allotment for Beacon Trusteeship was finalized on Friday, 31 May 2024
IPO listing for Beacon Trusteeship was on NSE on Tuesday, 04 Jun 2024
Beacon Trusteeship IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 94.5 |
| Listing Gain% | 50.0% |
| Current Gain% | 53.3% |
Beacon Trusteeship Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beacon Trusteeship Ltd. | 92 | 166.1 | 23.8 | 0.8 | 4.7 | 13.5 | 11 | 35.2 | 29.9 | 7 | 28.5 | 3.9 | 28.5 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Beacon Trusteeship INFORMATION ON IPO ISSUE
About Beacon Trusteeship
Beacon Trusteeship was incorporated on December 23, 2015. The company is a SEBI-registered debenture trustee, providing a wide range of trusteeship services across various sectors such as debenture trustee services, security trustee services, trustee to alternate investment funds (AIF), trustee to ESOPs, securitization trustee, bond trusteeship services, escrow services, safekeeping, and other allied services.
Object of the Issue
- Building up technology infrastructure for the existing business
- Acquisition of Beacon RTA Services and making it a wholly-owned subsidiary company thereon to commence the services of depository participant and registrar & share transfer agent
- Purchase of new office premises
- General corporate purpose
Beacon Trusteeship - PROMOTERS
| Name |
|---|
| Prasana Analytics Private Limited |
| Pratapsingh Indrajitsingh Nathani |
Beacon Trusteeship Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Beacon Trusteeship Registrar to the issue
Kfin Technologies Private Limited
hoacfoods.ipo@kfintech.com
Beacon Trusteeship Strengths
Legacy advantages
The company has been in the business of trustee services for the last 8 years, while the promoters of the company have been in the service for much longer. This background has contributed to the construction of various strengths
Pan-India presence
The company has a pan-India presence through its network in various states and also has a global presence in Singapore. The multi-state presence, especially in the principal cities, gives it effective access to a larger and finer talent pool with unique skills and mindsets
Credibility
The company is a SEBI-registered trustee and has a deep understanding of trust law and regulatory compliance, which is essential for managing corporate trusts
Beacon Trusteeship Risks
Outstanding litigations
The company has certain outstanding litigations against it, an adverse outcome of which may negatively impact its business, reputation, and operational results
Increasingly competitive industry
The trustee industry in India is becoming increasingly competitive. Trustee companies face competition from both established players and new entrants. Increased competition could put downward pressure on fees and margins
Negative cash flows
The company has experienced negative cash flows from operations in the recent past, and it may have negative cash flows in the future, which may adversely affect its business and financial operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 9.3 crore, of 1,548,000 shares. It also consists of a fresh issue of Rs 23.2 crore.
The promoters of the company are Prasana Analytics Private Limited and Pratapsingh Indrajitsingh Nathani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 57.0 - 60.0.
The IPO application opens on May 28, 2024 and closes on May 30, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on May 31, 2024.
The refund will be credited to your account on Jun 03, 2024.
The allotted shares will be credited to your demat on Jun 03, 2024.
Beacon Trusteeship Ltd.’s shares listed on the stock exchanges on Jun 04, 2024.