Beacon Trusteeship Ltd - IPO

Beacon Trusteeship Ltd IPO Details

Initial public offer of 5420000 equity shares of face value of Rs. 10/- each of Beacon Trusteeship Limited (BTL or the Company or the Offeror) for cash at a price of Rs. 60/- per equity share including a share premium of Rs. 50/- per equity share (the Offer Price) aggregating to Rs. 32.52 crores (The Offer) comprising of a fresh issue 3872000 equity shares aggregating to Rs. 23.23 crores (the Fresh Issue) and an offer for sale of 1548000 equity shares by promoter selling shareholder-Prasana Analytics Private Limited and selling shareholder - Kaustubh Kulkarni aggregating to Rs. 9.29 crores (Offer for Sale), of which 272000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 60/- per equity share including a share premium of Rs. 50/- per equity share aggregating to Rs. 1.63 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 5148000 equity shares of face value of Rs. 10/- each at a price of Rs. 60/- per equity share including a share premium of Rs. 50/- per equity share aggregating to Rs. 30.89 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 30.00 % and 28.50 %, respectively, of the post offer paid up equity share capital of the company.

Objective of issue

Building up technology infrastructure for its existing business. Acquisition of Beacon RTA Services Pvt Ltd and making it wholly ownded subsidiary company theron to commerce the services of depository participant and register & share transfer agent. Purchase of New Office Premises. General Corporate Purposes.

Beacon Trusteeship Ltd Contact Details

Beacon Trusteeship Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - ipo@beacontrustee.co.in

Website - www.beacontrustee.co.in