Beacon Trusteeship IPO booked over 31 times on day 1 so far; check GMP, subscription status, key dates, more
₹57 and ₹60 per share. Each lot in the Beacon IPO is worth 2,000 shares.50% of the net offer is allocated to qualified institutional buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors as equity shares in the initial public offering (IPO).
In 2015, the debenture trustee Beacon Trusteeship Limited was established. It offers trustee services in several domains, such as escrow, bond Trusteeship, safekeeping, debenture, security, and so on.
It also serves as trustee for securitisation, an alternate investment fund (AIF), and an employee stock purchase program (ESOP).The client chooses the company to serve as both an escrow and monitoring agent in order to ensure that outbound remittances from the escrow account are credited only to the Special Purpose Collection Account or any other account as stipulated in the contractual agreement. The firm offers prompt monitoring services, paperwork, setting up an escrow system, and creating and reviewing escrow agreements.The Beacon Trusteeship IPO basis for share allocation is expected to be finalised on Friday, May 31.
Refunds will be initiated by the firm on Monday, June 3, and the shares will be credited to the allottees' demat accounts on the same day. On Tuesday, June 4, Beacon Trusteeship IPO shares are likely going to be listed on NSE SME.Also Read: Beacon Trusteeship IPO to open for subscription tomorrow; check GMP, price band, issue size, key dates, more.Beacon Trusteeship IPO subscription status is 31.40 times, on day 1, so far.The retail portion was subscribed 50.70 times, and NII portion was booked 26.93 times.
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