Beacon Trusteeship IPO GMP – Timeline, Details, Lot Size, and Reservation 

Beacon Trusteeship IPO is a book-built issue of Rs. 32.52 cr. The issue is a combination of fresh issue of 38.72 lakh share and aggregating to Rs. 23.23 cr. offer for the sale of 15.48 lakh share aggregating to Rs. 9.29 cr.

Beacon Trusteeship IPO GMP

Beacon Trusteeship IPO price band is set at Rs. 57 to Rs. 60 per share. The minimum lot size for an application is 2000 shares and the minimum amount of investment is required by the retail investors is Rs. 120,000. The minimum lot size investment for HNI is 2 lots amounting to Rs. 240,000. 

They updated GMP on a daily basis and based on the last 7 sessions GMP, today IPO GMP points upward and expects a strong listing. The lowest GMP is Rs. 10, while the highest GMP is Rs. 90. 

Date IPO Price GMP Sub2 Sauda Rate Subject to
Today 60 Rs. 90 1,36,800 Rs. 60,000
27 May 60 Rs. 90 1,36,800 Rs. 60,000

Beacon Trusteeship IPO GMP Details

Beacon Trusteeship IPO opens for subscription on 28 May, 2024 and closes on 30 May, 2024. The allotment for the Beacon Trusteeship IPO is to be finalised on 31 May, Friday 2024. Beacon Trusteeship IPO will be listed on NSE SME with a tentative listing date fixed on 4 June 2024.

Face Value Rs. 10 per share
Price Band Rs. 57 to Rs. 60 per share
Lot Size 2000 share
Total issue size 5,420,000 shares up to Rs. 32.52 cr.
Fresh issue 3,872,000 shares up to Rs. 23.23 cr.
Offer for sale 1,548,000 shares of Rs. 10
Issue type Book built issue IPO
Listing At NSE SME
Shareholding pre issue 14,192,913
Shareholding post issue 18,064,913
Market Maker portion 271,000 shares

Beacon Trusteeship IPO GMP Timeline

Beacon Trusteeship IPO opens on 28 May, 2024 and closes on 30 May, 2024. Beacon Trusteeship revenue increased by 33% and profit after tax by 34.25% between the financial year ending with 31 March, 2024 and 31 March, 2023.

IPO Date 28 May, 2024 Tuesday
IPO Close Date 30 May, 2024 Thursday
Basis of Allotment 31 May, 2024 Friday
Initiation of Refunds 3 June, 2024 Monday
Credit of shares to Demat 3 June, 2024 Monday
Listing Date 4 June, 2024 Tuesday
Cut off time for UPI mandate confirmation 30 May, 2024 at 5 p.m.

Beacon Trusteeship IPO GMP Lot Size

Investors can bid for a minimum of 2000 shares and multiple thereof. The following table shows the minimum and maximum investment by the retail investors and HNI in terms of share and amount. 

Application  Lots Shares Amount
Retail (Min) 1 2000 Rs. 120,000
Retail (Max) 1 2000 Rs. 120,000
HNI (Min) 2 4000 Rs. 120,000

Beacon Trusteeship IPO GMP Reservation

Investors can share offered not more than 50% and other retail shares offered is not less than 35%. HNI shares offered are not less than 15%.

Investors Category Shared Offered
QIB Share Offered Not more than 50% of net offer
Retail Share Offered  Not less than 35% of the offer
NII or HNI shares offered Not less than 15% of the offer

Beacon Trusteeship IPO Object of the Issue

The Net issue is proceeds from the fresh issue it will be utilised towards the following objects:

  • Build up the technology infrastructure for existing business.
  • Acquisition of Beacon RTA Service pvt. And making it a owned subsidiary company to commence the service of Depository Participant and Registrar and Share transfer agent.
  • Purchasing of the New Office Premises.
  • For the general corporate purpose.

How to Apply for Beacon Trusteeship IPO?

There are steps to apply for the Beacon Trusteeship IPO:

  • Firstly visit the official website and login to the console.
  • Go to the portfolio and click the link.
  • Then go to the Beacon Trusteeship IPO row and click on the Bid button.
  • Enter your UPI ID, investment Quantity and the price.
  • Then submit the IPO application form.
  • You can apply in Beacon Trusteeship IPO online using either UPI or ASBA as a payment method. 
  • ASBA IPO application is available in the net banking of your bank account. 
  • Visit the UPI App to approve the mandate.
  • You can also apply to your stock broker by filling the offline form to the nearest broker office. 

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