Upcoming IPOs: Beacon Trusteeship, Vilas Transcore to hit D-Street next week

Upcoming IPOs: The primary market will remain in action as two small and medium enterprises (SMEs) public offers are slated to open next week.

Upcoming IPO's: Here's the complete list

Beacon Trusteeship IPO 

Leading debenture trustee Beacon Trusteeship IPO is a book-built issue of Rs 32.52 crores and the issue is a combination of fresh issue of 38.72 lakh shares aggregating to Rs 23.23 crores and offer for sale of 15.48 lakh shares aggregating to Rs 9.29 crore.

Beacon Trusteeship IPO Open Date: Tuesday, May 28
Beacon Trusteeship IPO Close Date: Thursday, May 30
Beacon Trusteeship IPO Allotment Date: Friday, May 31
Beacon Trusteeship IPO Listing Date: Tuesday, June 4

Beacon Trusteeship IPO price band, Beacon Trusteeship IPO lot size 

The Mumbai-headquartered company has fixed a price band at Rs 57-60 per share for the issue and the lot size will be 2,000 equity shares.

The IPO comprises a fresh issue of 38.72 lakh equity shares worth Rs 23.23 crore and an Offer for Sale (OFS) of up to 15.48 lakh equity shares to the tune of Rs 9.29 crore. This takes the aggregate size to Rs 32.52 crore at the upper end of the price band. Those selling shares in the OFS are Prasana Analytics Private Limited and Kaustubh Kiran Kulkarni.

Beacon Trusteeship IPO: Fund utilisation

Of the IPO proceeds, the company proposes to use Rs 7 crore to build up technology infrastructure for its existing business, Rs 6.99 crore to invest in its arm Beacon Investor Holdings to commence the services of depository participant, Registrar and Share Transfer agent, and Rs 3.25 crore to purchase new office premises at Borivali in Mumbai, besides, a portion will be used for general corporate expenses.

On the financial front, the company registered a revenue of Rs 19.92 crore with a profit (PAT) of Rs 5.16 crore in the financial year 2023-24, compared to a revenue of Rs 14.81 crore and a PAT of Rs 3.84 crore in FY2022-23.

Beacon Trusteeship IPO: Book-running lead manager

Beeline Capital Advisors is the sole book-running lead manager.

Beacon Trusteeship IPO: Registrar

KFIN Technologies is the registrar of the issue.

Vilas Transcore IPO

Vilas Transcore IPO is a book built issue of Rs 95.26 crore and the issue is entirely a fresh issue of 64.8 lakh shares.

Vilas Transcore IPO price band, Vilas Transcore IPO lot size

Vilas Transcore IPO price band is set at Rs139 to Rs147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is Rs147,000. 

Vilas Transcore IPO Open Date: Monday, May 27
Vilas Transcore IPO Close Date: Wednesday, May 29
Vilas Transcore IPO Allotment Date: Thursday, May 30
Vilas Transcore IPO Listing Date: Monday, June 3

What does Vilas Transcore IPO do?

Incorporated in 2006, Vilas Transcore Limited manufactures and supplies power distribution and transmission components, primarily to transformer and other power equipment manufacturers in India and abroad. 

Vilas Transcore IPO Book running lead manager

Hem Securities Limited is the book running lead manager of the Vilas Transcore IPO, while Bigshare Services is the registrar for the issue. 

(This story will be updated shortly.)

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