The IPO of Beacon Trusteeship is a book-built issue valued at ₹32.52 crores. It comprises a fresh issue of 38.72 lakh shares, aggregating to ₹23.23 crores, and an offer for sale of 15.48 lakh shares, totaling ₹9.29 crores. Beacon Trusteeship operates in the financial services sector.
Subscription for the IPO of Beacon Trusteeship opens on May 28, 2024, and closes on May 30, 2024. The allotment process is expected to be finalized by Friday, May 31, 2024. The IPO will be listed on the NSE SME with a tentative listing date set for Tuesday, June 4, 2024.
The price band for the IPO of Beacon Trusteeship is ₹57 to ₹60 per share. Retail investors can apply for a minimum lot size of 2000 shares, requiring an investment of at least ₹120,000. High Net Worth Individuals (HNIs) can invest in 2 lots (4,000 shares), amounting to ₹240,000.
Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager for the Beacon Trusteeship IPO, while Kfin Technologies Limited acts as the registrar for the issue.
Check the GMP of Beacon Trusteeship IPO below:
Beacon Trusteeship IPO Details :
| Company Name | Beacon Trusteeship |
| Sector | Financial Services |
| IPO Type | SME |
| IPO Open date | 28th May 2024 |
| IPO Close date | 30th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Beacon Trusteeship IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,20,000 |
| HNI (Min) | 2 | 3000 | 2,40,000 |
Beacon Trusteeship IPO Timeline:
| IPO Open Date | 28th May 2024 |
| IPO Close Date | 30th May 2024 |
| Basis of Allotment | 21st May 2024 |
| Refund Initiation Date | 03rd June 2024 |
| Shares Credit to Demat | 03rd June 2024 |
| Listing Date | 04th Jun 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
