Beacon Trusteeship IPO Subscription Status

Beacon Trusteeship

Beacon Trusteeship is a firm offering trustee services in India. It serves as a trustee for different financial agreements. They collaborate with banks, financial institutions, insurance companies, mutual funds, and other entities.

They have a dedicated team of professionals who ensure the highest standards of service. Their role is to ensure compliance with legal requirements and uphold 

Beacon Trusteeship IPO Subscription

An Initial Public Offering (IPO) refers to the first time a company offers its shares to the public. One example of such an offering is the Beacon Trusteeship IPO.

Before the IPO officially starts, investors can say they want to buy shares. This is called "subscription." The subscription status shows how many people want to buy shares compared to the total available.

The IPO for Beacon Trusteeship was open for subscription from May 28 to May 30. The shares were priced in the range of ₹57 to ₹60 per share. Within just an hour of opening, more people wanted to buy shares than there were available. This is called being "oversubscribed."

This high demand for shares means investors are interested in buying shares of Beacon Trusteeship. It's a good sign for the company because it shows investors believe in its future.

Beacon Trusteeship IPO Subscription Status

The Beacon Trusteeship IPO generated a significant amount of investor interest and was highly sought after. Here is a detailed explanation of its subscription status:

Overall Subscription: The initial public offering (IPO) received 30.57 times more demand than the available shares Investors were seeking to purchase more than 30 times the number of shares that were actually available.

Retail Investors: Small individual investors subscribed to 49.20 times more shares than were available for them. This shows very high interest from regular people.

Non-Institutional Investors: These investors are larger and small companies. They purchased 26.59 times the amount of shares that were available to them.

Qualified Institutional Buyers (QIBs): These are big investors like banks and mutual funds. They subscribed to 98% of the shares available to them, which is just a bit less than the total amount allocated for them.

Who is Involved In Managing The Beacon Trusteeship IPO?

These are the main individuals and companies playing crucial roles in overseeing the Beacon Trusteeship IPO.

Promoters: Pratapsingh Indrajitsingh Nathani and Prasana Analytics Private Limited.

Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd is the main company managing the IPO process. 

Registrar: Kfin Technologies Limited is responsible for handling the paperwork and records related to the IPO.

Market Maker: Spread X Securities is the company responsible for maintaining liquidity in the market for Beacon Trusteeship IPO shares.

Types of Investors in Beacon Trusteeship IPO