Beacon Trusteeship Limited (NSE SME)
May 28, 2024 - May 30, 2024
| Price | ₹57 - ₹60 |
| Premium | ₹72 |
|---|---|
| Lot size | 2000 |
| Allotment | May 31, 2024 |
| Listing | Jun 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 120000 | 901 |
| HNI | 2 | 4000 | 240000 | 387 |
Last updated on 30-May-2024 17:00:08
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1030000 | 168780000 | 163.86 |
| NIB | 774000 | 603496000 | 779.71 |
| RETAIL | 1802000 | 904792000 | 502.1 |
| Total | 3606000 | 1677068000 | 465.08 |
| Retail Apps | 452396 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹62.8 | @8% ₹71.78 | @9% ₹80.75 | @10% ₹89.72 | @11% ₹98.69 | @12% ₹107.66 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| BEACON STONE CAPITAL VCC - BEACON STONE I | 198000 | 12.84% | 1.19 |
| NORTH STAR OPPORTUNITIES FUND VCC-BULL VALUE INCORPORATED VCC SUB-FUND | 168000 | 10.89% | 1.01 |
| NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND | 168000 | 10.89% | 1.01 |
| ZINNIA GLOBAL FUND PCC - NOLANA | 168000 | 10.89% | 1.01 |
| KINGSMAN WEALTH FUND PCC — KIF II | 168000 | 10.89% | 1.01 |
| NEGEN UNDISCOVERED VALUE FUND FUND | 168000 | 10.89% | 1.01 |
| AG DYNAMIC FUNDS LIMITED | 168000 | 10.89% | 1.01 |
| CRAFT EMERGING MARKET FUND PCC- CITADEL CAPITAL FUND | 168000 | 10.89% | 1.01 |
| VISIONARY VALUE FUND | 168000 | 10.89% | 1.01 |
| Total | 1542000 | 100.00% | 9.27 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.25% | 1802000 |
| NII (HNI) | 14.28% | 774000 |
| Anchor | 28.45% | 1542000 |
| QIB | 19.00% | 1030000 |
| Market Maker | 5.02% | 272000 |
| Total | 100.00% | 5420000 |
Beacon Trusteeship IPO Details
| Total Issue Size | 5,420,000 shares (aggregating up to ₹32.52 Cr) |
| Fresh Issue | 3,872,000 shares (aggregating up to ₹23.23 Cr) |
| Offer for Sale | 1,548,000 shares of ₹10 (aggregating up to ₹9.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,192,913 |
| Share holding post issue | 18,064,913 |
| Market Maker portion | 272,000 shares Spread X Securities |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 31.12% | 31.82% | 50.52% |
| RONW | 26.95% | 27.48% | 35.57% |
| EPS (basic & Diluted) | 3.64 | 2.71 | 2.74 |
| P/BV | 4.44 | ||
| P/E Pre IPO | 16.49 |
Financial Statement (Restated)
| Period Ended | Mar24 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 2,696.56 | 2,254.30 | 1,685.14 | 868.62 |
| Revenue | 2,091.20 | 1,572.36 | 1,049.02 | 559.85 |
| Profit After Tax | 516.36 | 384.64 | 361.58 | 95 |
| Net Worth | 1,916.29 | 1,399.53 | 1,016.53 | 414.94 |
| Reserves and Surplus | 498.24 | 1,099.19 | 714.55 | 152.7 |
| Total Borrowing | 200 | |||
| Amount in Lakhs | ||||
About Company
Established in 2015, Beacon Trusteeship Limited offers a comprehensive range of trustee services, including Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping, and other related services. The company provides due diligence, custodial services, compliance monitoring, documentation, disclosure, and record retention, assisting in the issuance of various types of debentures, including non-convertible debentures. As a security trustee for loans, Beacon Trusteeship appoints investment managers, maintains trust funds confidentiality, and ensures compliance with SEBI regulations. For Alternative Investment Funds, the company ensures timely declarations, disbursements, and proper accounting in line with agreements. In Securitization and Escrow services, Beacon Trusteeship manages transfers from Escrow accounts, drafts and reviews agreements, sets up mechanisms, and conducts timely monitoring. As of September 30, 2023, Beacon Trusteeship Limited employs 69 individuals dedicated to delivering these specialized services.
Strength Factors
Legacy Advantages and Networking Capabilities: Established in 2015, Beacon Trusteeship Limited has built a strong network and reputation in the trustee services industry, leveraging its legacy to provide reliable and trusted services.
Technological Proficiency: The Company demonstrates technological proficiency, utilizing advanced systems for due diligence, compliance monitoring, documentation, and record retention, ensuring efficient and secure operations.
Pan-India Presence and Global Reach: With a comprehensive presence across India and a growing global reach, Beacon Trusteeship Limited effectively serves a diverse client base, offering its specialized trustee services on a wide scale.
Risk Factors
Outstanding Litigation: Ongoing litigation poses a significant risk, with potential adverse outcomes that could negatively impact Beacon Trusteeship Limited's business, reputation, and operational results.
Leased Registered Office: The Company does not own its registered office, which could present stability and operational risks related to property leasing arrangements.
Customer Dependency: A substantial portion of revenue is derived from a few top customers, making the company vulnerable to revenue and profitability impacts if any of these major clients are lost.
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