
Financial Services · NSE
Beacon Trusteeship Limited has been providing trusted trustee services since 2015, offering a wide range of solutions like Debenture Trustee Services, Security Trustee Services, AIF Trustee Services, ESOP Trustee Services, Securitization Trustee Services, Escrow Services, and more. The company helps businesses with due diligence, documentation, compliance monitoring, custodial services, and record-keeping for various financial transactions like non-convertible debentures (NCDs) and loan security management. As a Security Trustee, they manage trust funds, ensure confidentiality, and follow SEBI regulations. For Alternative Investment Funds (AIFs), they handle declarations, disbursements, and accounting as per agreements. In Securitization and Escrow Services, they set up accounts, draft agreements, and monitor transactions. With 69 employees as of September 30, 2023, Beacon Trusteeship is committed to delivering transparent, secure, and efficient trustee services to its clients.
Price Band
₹57 – ₹60
Issue Size
₹32.52 Cr
Lot Size
2000 shares
GMP
+120.0%
Est. Listing
₹132
at current GMP
Subscribed
465.08x
overall
Open
28 May 2024
Close
30 May 2024
Allotment
31 May 2024
Refund
1 Jun 2024
Demat Credit
2 Jun 2024
Listing
4 Jun 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
31 May 2024
Basis finalization
Refunds Initiate
1 Jun 2024
Mandate release
Demat Credit
2 Jun 2024
Shares in demat
Listing Debut
4 Jun 2024
Trading begins
Beacon Trusteeship Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹32.52 Crores. The shares are offered at a price band of ₹57 to ₹60 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-02, while un-allotted funds or UPI block mandates will be released on 2024-06-01.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.