Beacon IPO

Beacon Trusteeship Ltd

₹1,14,000 /2000 sharesMinimum Investment

Beacon IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹60.00₹90.00₹30.00 (50.00%)

Beacon IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 May ‘24 - 30 May ‘24₹1,14,0002,000₹57 - ₹60
Issue SizeIPO Doc
32.52Cr
RHP PDF

About Beacon

Beacon Trusteeship Limited is a SEBI-registered debenture trustee as per registration No. IND000000569. It provides a wide range of trusteeship services, such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Funds (AIFs), Trustee to ESOPs, Securitisation Trustee, Bond Trusteeship Services, Escrow Services, Safekeeping, and other allied services across sectors. The company provides trusteeship services by acting as an intermediary between the issuer company or entity and investors. The company’s scope of work includes due diligence, custodial services, monitoring compliance, documentation, disclosures, record keeping, etc.;
Parent Organisation
Beacon Trusteeship Ltd
Founded
2015
Managing Director
Mr. Pratapsingh Indrajitsingh Nathani

Strengths & Risks

  • The company has an ISO/IEC 270001:2022 certification for its Information Security Management System.
  • The company has presence in over 15 cities in India, including Mumbai, Delhi, Chennai, Hyderabad, Jaipur, Bangalore, Chandigarh, Indore, Kolkata, Lucknow, and Gandhinagar through regional offices or signatories. Recently, the company opened an office at Gujarat International Finance Tec-City (GIFT), an International Financial Services Centre (IFSC), in order to increase its reach and gain from regulatory advantages.
  • The company also has presence in Singapore.
  • The company’s revenue from operations has increased in the last three years. The company reported revenue from operations of Rs. 10.03 cr, Rs. 14.81 cr, and Rs. 19.92 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, the company reported Profit after tax of Rs. 3.62 cr, Rs. 3.85 cr and Rs. 5.16 cr respectively.
  • There is outstanding litigation against the company, its directors, promoter, and group company. Any adverse outcome of these litigations could negatively impact its business.
  • Though the company has diversified its business into Security Trustee Services, Facility Agent, Securitisation Trustee, Share Pledge Trustee, Alternate Investment Fund/Family Trust, Escrow and Monitoring Agency services, the largest chunk of revenue comes from debenture trusteeship fees, especially from the Maharashtra region. Revenue from debenture trusteeship fees contributed 46.06%, 56.10%, and 59.99% of total revenue for the financial years 2023-24, 2022-23 and 2021-22 respectively. Any slowdown in revenue inflow from Debenture trustee fees could adversely affect the company.
  • The company’s top 10 customers contributed 44.39%, 41.99%, and 34.38% of its total revenue from operations for the financial years ended March 31, 2024, 2023 and 2022, respectively. Any slowdown in business from these customers could adversely affect the company.
  • As per the RHP, there are certain discrepancies and non-compliances noticed in the company's financial reporting and records related to the filing of returns and the deposit of statutory dues with taxation and other statutory authorities.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular57 - 60₹2 Lakh
High Networth Individual57 - 60₹2 - 5 Lakh
For Beacon IPO, eligible investors can apply as Regular.
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