IPO Details
Bidding Dates
28 May 24 - 30 May 24
Price Range ₹
57 - 60
Total Equity
₹ 32.52Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
28 May 2024
Offer end
30 May 2024
Allotment
31 May 2024
Refund initiation
03 Jun 2024
Demat transfer
03 Jun 2024
Listing
04 Jun 2024
Offer start
28 May 2024
Offer end
30 May 2024
Allotment
31 May 2024
Refund initiation
03 Jun 2024
Demat transfer
03 Jun 2024
Listing
04 Jun 2024
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 Funds (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping, and related services. The company provides due diligence, custodial services, compliance monitoring, documentation, disclosure, and record retention. Key services include assisting with debenture issuance, appointing investment managers, ensuring compliance with SEBI regulations, making timely declarations and disbursements for AIFs, and managing securitization and escrow accounts as per formal agreements. As of September 30, 2023, Beacon Trusteeship Limited employed 69 staff members.
Year Founded
23-12-2015
Promotor Details
Pratapsingh Indrajitsingh Nathani
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 67.88 | 46.14 |
| Share Capital | 9634553 | 8336553 |
Offer to Public
54,20,000.00 Cr
Project Details
- Building Up Technology Infrastructure for our existing business. - 70cr
- Acquisition of Beacon RTA Services Private Limited and Making it wholly owned subsidiary company - 69.9cr
- General Corporate Purpose - 28.778cr
- Purchase of New Office Premises. - 32.5cr
Objectives
- Building Up Technology Infrastructure for our existing business.Acquisition of Beacon RTA Services Private Limited and Making it wholly owned subsidiary company thereon to commence the services of Depository Participant and Registrar & Share Transfer Agent.Purchase of New Office Premises.General Corporate Purpose.
Highlights
- Beacon Trusteeship Limited holds an ISO/IEC 27001:2022 certification for its Information Security Management System, ensuring high standards of information security and management.
- The company has a presence in over 15 cities across India, including major locations like Mumbai, Delhi, Chennai, and Bangalore, along with an office in Singapore, enhancing its reach and operational capabilities. Additionally, the recent opening of an office at Gujarat International Finance Tec-City (GIFT) provides regulatory advantages.
- The company has demonstrated consistent revenue growth over the past three years, with revenue from operations increasing from Rs. 10.03 crore in FY 2021 to Rs. 19.92 crore in FY 2023. Profit after tax also increased from Rs. 3.62 crore to Rs. 5.16 crore during the same period.
- Beyond debenture trusteeship, the company offers a variety of services including Security Trustee Services, Facility Agent, Securitization Trustee, Share Pledge Trustee, and Escrow and Monitoring Agency services, diversifying its revenue streams.
- Beacon Trusteeship Limited is a SEBI-registered debenture trustee (Registration No. IND000000569), which adds credibility and regulatory compliance to its operations.
Challenges
- There are outstanding litigations against the company, its directors, promoter, and group company. Any adverse outcomes from these legal proceedings could negatively impact the company’s business and reputation.
- A significant portion of the company’s revenue comes from debenture trusteeship fees, especially from the Maharashtra region. This segment contributed 46.06%, 56.10%, and 59.99% of total revenue in FY 2021-22, 2022-23, and 2023-24 respectively. Any slowdown in this area could adversely affect overall revenue.
- The top 10 customers contributed 44.39%, 41.99%, and 34.38% of the total revenue from operations in FY 2022, 2023, and 2024 respectively. Any reduction in business from these key customers could significantly impact the company’s financial performance.
- There are discrepancies and non-compliances noted in the company's financial reporting and records related to the filing of returns and deposit of statutory dues with taxation and other statutory authorities. This could lead to regulatory scrutiny and potential penalties.
- The company’s performance is closely tied to the economic conditions affecting the financial and investment sectors. An economic downturn could reduce the demand for trusteeship services, impacting revenue and profitability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 867.97 | 262.25 | 518.11 | 518.11 | 3.6505 |
| 2024 | 2,696.03 | 1,419.29 | 518.11 | 518.11 | 3.6505 |
| 2022 | 1,685.14 | 301.98 | 518.11 | 518.11 | 3.6505 |
| 2023 | 2,253.76 | 301.98 | 95.00 | 95.00 | 0.7707 |
