How To Check Beacon Trusteeship IPO Allotment Status Online
Investors who are successfully allotted the shares of the company will have their demat accounts credited on June 3. The refund procedure will begin on Monday, as soon as the allotment is finalised.
Beacon Trusteeship IPO recieved a good response from investors with an overall subscription of 465.20 times on the last of bidding. The overall subscription breakdown is as follows: Qualified institutions (QIB) subscribed 163.86 times, non-institutional buyers (NII) subscribed 779.38 times, and retail investors subscribed 502.49 times, as per chittorgarh.com.
The subscription period for the IPO ended on May 30. This SME IPO aims to raise Rs 32.52 crore, with a fresh issue of 38.72 lakh shares totalling Rs 23.23 crore and an offer for sale of 15.48 lakh shares worth Rs 9.29 crore. The price per share was set between Rs 57 and Rs 60, with a minimum lot size of 2000 shares. Retail investors need to invest at least Rs 120,000.
The allotment for Beacon Trusteeship IPO is expected to be finalised on Friday, May 31.
Investors can check Beacon Trusteeship IPO allotment status on the official website of the registrar for the IPO, Kfin Technologies Limited.
Beacon Trusteeship IPO Allotment Status on Kfin Technologies Limited
Visit the Kfin Technologies website here: https://ris.kfintech.com/ipostatus/.
Click on any of the links displayed to view IPO Allotment Status.
Choose "Beacon Trusteeship Limited" from the drop-down list. (Name will be populated once the allotment is finalised).
Choose one of the three options: Application number, Demat Account number, or PAN ID.
Enter your application number or PAN or DPID.
Complete the 'captcha'.
Click the "Submit" button.
View your allotment details.
Download/print the allotment status for your records.
Beacon Trusteeship IPO Listing Date
Shares of Beacon Trusteeship Limited are set to be listed on NSE SME on Tuesday, June 4 as the tentative listing date.
Beacon Trusteeship IPO Timeline (Tentative Schedule)
IPO Open Date: Tuesday, May 28.
IPO Close Date: Thursday, May 30.
Basis of Allotment: Friday, May 31.
Initiation of Refunds: Monday, June 3.
Credit of Shares to Demat: Monday, June 3.
Listing Date: Tuesday, June 4.
About Beacon Trusteeship Limited
Beacon Trusteeship Limited, founded in 2015, offers various trustee services including managing debentures, loans, investment funds, employee stock options, securitizations, bonds, and escrow accounts. They handle due diligence, custodial services, compliance, documentation, and record-keeping.
Key services include:
Debenture Trusteeship: Helping companies issue debentures.
Security Trustee for Loans: Managing trust funds and maintaining confidentiality.
Alternative Investment Funds (AIF): Ensuring timely payments and proper accounting.
Securitization and Escrow: Managing escrow accounts and ensuring proper transfers.
