Beacon Trusteeship Limited
listed
₹1.14LMin. investment
Beacon Trusteeship Limited IPO Details
Issue size
₹32.52Cr
IPO type
SME
Price range
₹57.00 – ₹60.00
Listing date
4 Jun 2024
Lot size
2000 shares
Price range₹57.00 – ₹60.00
IPO type
SME
Lot size2000 shares
Issue size₹32.52Cr
Beacon Trusteeship Limited Timeline
- Bid start28 May 2024
- Bid end30 May 2024
- Allotment30 May 2024
- Release of funds3 Jun 2024
- Demat transfer31 May 2024
- Listing4 Jun 2024
About Beacon Trusteeship Limited
Beacon Trusteeship provides wide range of trusteeship service across various sectors such as Debenture Trustee Services, Security Trustee Services, Trustee to Alternate Investment Fund (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship Services, Escrow Services, Safe keeping and other allied services. Beacon Trusteeship as a Debenture Trustee plays a pivotal role in scope of work under trusteeship services includes Due diligence, Custodial services, Monitoring compliance, Documentation, Disclosures, Record keeping etc. As a trustee, they plays a crucial role in maintaining investor confidence by safeguarding their interests and promoting transparency and accountability. They have built their own client-facing ERP System, a dedicated platform for Securitization & a Covenant Monitoring Tech Platform, demonstrating adaptation and flexibility to the new age business and ease of doing business for customers.
The company is currently managed by a group of professionals having extensive experience in the field of Investment Banking, Finance, Debt Syndication and financial services at large. They provide trusteeship services by acting as intermediary between the issuer company or entity and investors.
The company provides service as an Escrow and Monitoring agent, whereby the client appoints them as the monitoring agent to ensure outward remittance from the Escrow Account are credited only to the Special Purpose Collection Account or any other account as specified in the formal agreement. Their scope of work includes Drafting & Vetting of Escrow Agreement, Set up of Escrow Mechanism, Documentation and timely monitoring services.
They have recently expanded locational presence by opening a Business office at Gujarat International Finance Tec-City (GIFT) which is an International Financial Services Centre (IFSC) in order to increase reach and to obtain various regulatory advantages. They have a local presence in more than 15 cities in India including major cities such as Mumbai, Delhi, Chennai, Hyderabad, Jaipur, Bangalore, Chandigarh, Indore, Kolkata, Lucknow and Gandhinagar whether through regional offices or signatories.The registered Office of the Company is presently situated at Mumbai , Maharashtra, India.
Beacon Trusteeship Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:
- Building Up Technology Infrastructure for our existing business.
- Investment in Wholly owned subsidiary i.e. Beacon Investor Holdings Private Limited, to commence the services of Depository Participant and Registrar & Share Transfer Agent.
- Purchase of New Office Premises
- General Corporate Purpose.
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Beacon Trusteeship Limited Contact Details
Company NameBeacon Trusteeship Limited
How to apply for Beacon Trusteeship Limited?
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- Step 2
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- Step 3
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- Step 4
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- Step 5
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