How To Check Beacon Trusteeship IPO Allotment Status

Beacon Trusteeship IPO received an overwhelming response from investors, who bought 167.7 crore equity shares, which is 432.46 times higher than the offer size of 38.78 lakh shares on May 30, the final day of bidding. The Mumbai-based company will finalise the basis of allotment of IPO shares by May 31.

If you applied for the IPO, here is how you can check the Beacon Trusteeship IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Beacon Trusteeship IPO allotment status

1. Visit the registrar's website.
2. Pick a server to check your IPO Allotment Status.
3. Select "Beacon Trusteeship" from the companies listed in the drop-down menu
4. In the Selection Type dropdown, choose either Application number, Beneficiary ID, or PAN ID.
5. Enter your ID as per your selection.
6. Complete the ‘captcha' to verify that you are not a robot.
7. Click ‘Search' to retrieve your Beacon Trusteeship IPO allotment status.

The Beacon Trusteeship IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

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Beacon Trusteeship IPO Subscription Status

Non-institutional investors led the surge, subscribing 781.5 times their allotted quota, while retail investors were close behind, bidding for 502.2 times the portion reserved for them. Qualified institutional buyers booked 163.5 times their reserved portion.

Beacon Trusteeship IPO GMP

The Beacon Trusteeship IPO GMP is currently reported at ₹90. Considering the upper price band of the IPO, the stock is expected to list at 150, indicating a potential gain of approximately 150% on listing. However, it is important to remember that while GMPs can provide some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

Beacon Trusteeship IPO Details

The company launched its ₹32.52-crore public issue on May 28, with a price band set at ₹57-60 per share. The IPO consisted of a fresh issue of 38.72 lakh equity shares worth ₹23.23 crore at the upper price band, and an offer-for-sale of 15.48 lakh shares worth ₹9.29 crore.

Beacon Trusteeship’s shares will be available for trading on the NSE Emerge platform starting June 4. Beacon Trusteeship offers a range of trustee services across various segments, including Debenture Trustee, Security Trustee, Trustee to Alternate Investment Funds (AIF), Trustee to ESOP, Securitization Trustee, Bond Trusteeship, and Escrow Services.

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