Beacon Trusteeship Shares Rocket 50% on NSE SME Debut, Lists at ₹90, Hit 5% Upper Circuit!Beacon Trusteeship Shares Rocket 50% on NSE SME Debut, Lists at ₹90, Hit 5% Upper Circuit!

Beacon Trusteeship’s share price soared on its NSE SME debut, opening at ₹90, a 50% premium over the issue price of ₹60. After a strong opening, the stock quickly hit a 5% upper circuit limit.

The Beacon Trusteeship IPO opened for subscription from May 28 to May 30, priced at ₹60 per share with a face value of ₹10. Offering lots of 2,000 shares, it achieved a subscription rate of 465.20 times on the final day.

Beacon Trusteeship Limited specialises as a Debenture Trustee, ensuring investor protection through diligent compliance, monitoring, and record-keeping. Utilising advanced technology and a dedicated legal team, they provide comprehensive services like AIF and securitization, along with escrow and monitoring. The company aims to expand its technology-driven services both domestically and internationally.

Beacon Trusteeship Limited aims to upgrade technology, invest in Beacon Investor Holdings for depository services, and acquire new office premises to boost efficiency and growth. Remaining funds will support global expansion and general corporate needs.