Beacon Trusteeship share price makes a strong debut, stock opens with 50% premium at ₹90 apiece on NSE SME

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₹90, which is 50% higher than the issue price of ₹60. Following a bumper debut, the stock was locked in 5% upper circuit. Beacon Trusteeship IPO started for subscriptions on Tuesday, May 28, and ended on Thursday, May 30.

Beacon Trusteeship IPO price band was set at ₹60 per equity share with a face value of ₹10 each. The lot size for the Beacon Trusteeship IPO was 2,000 shares. A minimum of 2,000 equity shares was applied for, with further shares applied for in multiples of 2,000.

Beacon Trusteeship IPO subscription status of 465.20 tines on the last day of bidding.The establishment of Beacon Trusteeship Limited as a debenture trustee occurred in 2015. In a number of areas, including escrow, bond Trusteeship, safekeeping, debenture, security, and more, it provides trustee services. In addition, it acts as trustee for employee stock purchase plans (ESOPs), alternative investment funds (AIFs), and securitisation.In order to guarantee that outgoing remittances from the escrow account are credited solely to the Special Purpose Collection Account or any other account as specified in the contractual agreement, the client selects the firm to operate as both an escrow and monitoring agent.