Beacon Trusteeship Limited IPO

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28th – 30th May 2024
04 Jun 2024
₹57 – ₹60
2000 shares (₹120000)

About


Beacon Trusteeship Limited is launching its IPO. The offer opens for subscription on 28 May 2024 and will close on May 30, 2024.

Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.

What does Beacon Trusteeship Limited do?

Beacon Trusteeship Limited, incorporated on December 23, 2015, is a SEBI-registered Debenture Trustee offering services like Debenture Trustee, Security Trustee, AIF Trustee, ESOP Trustee, Securitization Trustee, Bond Trustee, and Escrow Services. Managed by finance professionals, it ensures due diligence, compliance, documentation, and transparency.

Certified with ISO/IEC 270001:2022 for information security, Beacon operates in over 15 Indian cities, including an office at GIFT City. The company has developed an ERP system and specialized platforms for securitization and covenant monitoring. Beacon ensures regulatory compliance, maintains confidentiality, and manages trust funds and securitization processes. It is expanding operations and acquiring Beacon RTA Services Private Limited to enhance its offerings.

Schedule/Timeline of Beacon Trusteeship Limited IPO

Issue Period 28th May to 30th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 31, 2024
Initiation of Refunds June 03, 2024
Credit of Shares June 03, 2024
Date of Listing June 04, 2024
Mandate end date June 14, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 30, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 29, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Beacon Trusteeship Limited IPO?

You can apply for the Beacon Trusteeship Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Beacon Trusteeship Limited IPO?

You can check the allotment status for the Beacon Trusteeship Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.