Beacon Trusteeship, a company offering trustee services in India, has opened its initial public offering (IPO) for subscription today, May 28th, 2024. This means that interested investors can now apply to buy shares in the company. The IPO will close on Thursday, May 30th.
Here’s a breakdown of the key details you need to know about the Beacon Trusteeship IPO in easy-to-understand terms:
Beacon Trusteeship – What Do They Do?
Beacon Trusteeship acts as a trusted third party in various financial transactions. They handle important tasks like:
- Bond Trusteeship: They ensure that companies issuing bonds (loans) repay investors according to the agreed terms.
- Escrow Services: They hold onto money or assets until certain conditions are met, protecting both parties involved in a transaction.
- Safekeeping: They securely store valuable documents or assets on behalf of clients.
- Debenture and Security Trusteeship: They act as a neutral party in issuing and managing debentures (similar to bonds) and other financial instruments.
Beacon Trusteeship IPO – Price and Investment Details
The price of Beacon Trusteeship shares in the IPO is set between ₹57 and ₹60 per share. This means the minimum investment amount depends on how many shares you want to buy.
- Lot Size: The minimum number of shares you can buy is called a “lot.” In this IPO, one lot is 2,000 shares.
- Minimum Investment: At the lower end of the price range (₹57 per share), a minimum investment would be 2,000 shares * ₹57 per share = ₹114,000.
- Reservation for Different Investors: The total number of shares offered in the IPO is divided among different types of investors:
- Retail Investors (like you and me): 35% of the shares are reserved for regular people like us.
- Qualified Institutional Buyers (big investors): 50% of the shares are for large institutions like banks and insurance companies.
- Non-Institutional Investors: 15% of the shares are for other investors.
Important Dates to Remember
- Subscription Period: May 28th (today) to May 30th, 2024
- Allotment of Shares: Expected to be finalized on May 31st, 2024
- Refund for Unsuccessful Applications: Expected on June 3rd, 2024
- Listing on Stock Exchange: Tentatively scheduled for June 4th, 2024
Should You Invest in Beacon Trusteeship IPO?
This is a decision you should make based on your own financial situation and investment goals. It’s important to do your research and understand the company’s business model, financials, and future prospects before making any investment decisions.
Additional Resources:
- You can find more information about the IPO in the company’s prospectus, which is a legal document available from the company or the stock exchange website.
- Consulting a financial advisor can be helpful for making informed investment decisions.