Beacon Trusteeship Ltd. has announced public offering of 5420000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 50.00 per share. The gross proceeds of the issue are expected to be Rs 3,252.00 lakhs.

The company's initial public offer (IPO) will open on 28 May 2024 and is expected to close on 30 May 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 57.00-60.00 per share.

The IPO includes a fresh Issue of 5420000 Equity Shares of the Company at an price of Rs 60.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Beacon Trusteeship Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.