Beacon Trusteeship’s share price saw a remarkable debut on NSE SME today. Vilas Transcore share price opened at ₹90, a staggering 50% higher than the issue price of ₹60. Following its impressive debut, the stock was locked in a 5% upper circuit.
The Beacon Trusteeship IPO subscription window opened on Tuesday, May 28, and closed on Thursday, May 30. Priced at ₹60 per equity share with a face value of ₹10 each, the IPO received overwhelming demand, with the subscription status reaching 465.20 times on the final day of bidding.
Established in 2015, Beacon Trusteeship Limited specializes in various trustee services, including escrow, bond trusteeship, safekeeping, and more. It also acts as a trustee for employee stock purchase plans (ESOPs), alternative investment funds (AIFs), and securitization.
The Beacon Trusteeship IPO, valued at approximately ₹32.52 crore, comprised a fresh issuance of 3,872,000 equity shares and an offer-for-sale component of 1,548,000 equity shares. The company raised ₹9.25 crore from anchor investors.
Proceeds from the fresh issue will be utilized for expanding technological infrastructure, acquiring Beacon RTA Services Private Limited, purchasing new office space, and general corporate purposes.
The Beacon Trusteeship IPO’s book running lead manager is Beeline Capital Advisors Pvt Ltd, with Kfin Technologies Limited serving as the issue’s registrar. Spread X Securities is the market maker for the IPO.
The grey market premium (GMP) for Beacon Trusteeship today stands at +72, indicating a premium of ₹72 in the grey market. Based on this premium and the upper end of the IPO price band, the estimated listing price of Beacon Trusteeship shares is expected to be around ₹132 apiece, marking a 120% increase over the IPO price of ₹60.
