Beacon Trusteeship IPO vs GSM Foils IPO

Comparision between Beacon Trusteeship IPO and GSM Foils IPO.

IPO Details

Beacon Trusteeship IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while GSM Foils IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Beacon Trusteeship IPO	GSM Foils IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Shreni Shares Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Beacon Trusteeship IPO is up to ₹32.52 Cr whereas the issue size of the GSM Foils IPO is up to ₹11.01 Cr. The final issue price of Beacon Trusteeship IPO is ₹60.00 per share and of GSM Foils IPO is ₹32.00 per share.

	Beacon Trusteeship IPO	GSM Foils IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹57.00 per share
Issue Price (Upper)	₹60.00 per share
Issue Price (Final)	₹60.00 per share	₹32.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	38,72,000 shares	34,40,000 shares
Fresh Issue Size (Amount)	up to ₹23.23 Cr	up to ₹11.01 Cr
OFS Issue Size	15,48,000 shares
OFS Issue Size (Amount)	up to ₹9.29 Cr
Issue Size Total	54,20,000 shares	34,40,000 shares
Issue Size Total (Amount)	up to ₹32.52 Cr	up to ₹11.01 Cr

IPO Timetable

Beacon Trusteeship IPO opens on May 28, 2024, while GSM Foils IPO opens on May 24, 2024. The closing date of Beacon Trusteeship IPO and GSM Foils IPO is May 30, 2024, and May 28, 2024, respectively.

	Beacon Trusteeship IPO	GSM Foils IPO
Anchor Bid Date	May 27, 2024
Issue Open	May 28, 2024	May 24, 2024
Issue Close	May 30, 2024	May 28, 2024
Basis Of Allotment (Tentative)	May 31, 2024	May 29, 2024
Initiation of Refunds (Tentative)	Jun 03, 2024	May 30, 2024
Credit of Share (Tentative)	Jun 03, 2024	May 30, 2024
Listing date (Tentative)	Jun 04, 2024	May 31, 2024
Anchor Lockin End date 1	Jun 30, 2024
Anchor Lockin End date 2	Aug 29, 2024

Financials

Beacon Trusteeship IPO P/E ratio is 16.49, as compared to GSM Foils IPO P/E ratio of 20.98.

Beacon Trusteeship IPO

GSM Foils IPO

Financial

Beacon Trusteeship Limited Financial Information (Restated Consolidated)

Beacon Trusteeship Limited's revenue increased by 33% and profit after tax (PAT) rose by 34.25% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,696.56	2,254.30	1,685.14	868.62
Revenue	2,091.20	1,572.36	1,049.02	559.85
Profit After Tax	516.36	384.64	361.58	95.00
Net Worth	1,916.29	1,399.53	1,016.53	414.94
Reserves and Surplus	498.24	1,099.19	714.55	152.70
Total Borrowing				200.00
Amount in ₹ Lakhs

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,208.18	1,438.18	1,050.65	720.57
Revenue	2,717.87	6,588.69	7,185.04	3,646.23
Profit After Tax	124.79	142.97	63.65	33.93
Net Worth	126.99	835.73	659.06	657.82
Reserves and Surplus	124.79
Total Borrowing	1,412.95	242.43	219.20
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.88%

99.99%

Promoter Shareholding (Post-Issue)

46.14%

73.14%

P/E Ratio

16.49

20.98

Market Cap

₹108.39 Cr.

₹41.00 Cr.

ROE

31.12%%

23.62%%

ROCE

1.60%%

Debt/Equity

11.13

EPS

₹3.64

₹1.53

RoNW

26.95%%

98.27%%

Shares Offered

In the Beacon Trusteeship IPO retail investors (RII) are offered 18,02,000 shares while in GSM Foils IPO retail investors are offered 18,02,000 shares. Qualified institutional buyers (QIB) are offered 10,30,000 shares in Beacon Trusteeship IPO and 0 shares in GSM Foils IPO.

	Beacon Trusteeship IPO	GSM Foils IPO
Anchor Investor Reserveration	15,42,000 shares
Market Maker Reserveration	2,72,000 shares	1,76,000 shares
QIB	10,30,000 shares	0 shares
NII	7,74,000 shares	16,32,000 shares
RII	18,02,000 shares	16,32,000 shares
Employee	0 shares	0 shares
Others
Total	36,06,000 shares	32,64,000 shares

Bids Received (Subscription)

Beacon Trusteeship IPO subscribed 465.20x in total, whereas GSM Foils IPO subscribed 257.30x.

	Beacon Trusteeship IPO	GSM Foils IPO
QIB (times)	163.86x
NII (times)	779.38x	259.51x
Big NII (times)
Small NII (times)
RII (times)	502.49x	247.10x
Employee (times)
Other (times)
Total (times)	465.20x	257.30x

Compare with others

Beacon Trusteeship IPO	GSM Foils IPO
Sattrix IPO	Associated Coaters IPO
Associated Coaters IPO	TBI Corn IPO
TBI Corn IPO	Ztech India IPO
Ztech India IPO	Aimtron Electronics IPO
Aimtron Electronics IPO	Beacon Trusteeship IPO
GSM Foils IPO	Vilas Transcore IPO
Vilas Transcore IPO	Hariom Atta & Spices IPO
Hariom Atta & Spices IPO	Rulka Electricals IPO
Rulka Electricals IPO	Quest Laboratories IPO
Quest Laboratories IPO	Piotex Industries IPO

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