Beacon Trusteeship IPO vs Rulka Electricals IPO

Comparision between Beacon Trusteeship IPO and Rulka Electricals IPO.

IPO Details

Beacon Trusteeship IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Beacon Trusteeship IPO	Rulka Electricals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of Beacon Trusteeship IPO is ₹60.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

	Beacon Trusteeship IPO	Rulka Electricals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹57.00 per share	₹223.00 per share
Issue Price (Upper)	₹60.00 per share	₹235.00 per share
Issue Price (Final)	₹60.00 per share	₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	38,72,000 shares	8,42,400 shares
Fresh Issue Size (Amount)	up to ₹23.23 Cr	up to ₹19.80 Cr
OFS Issue Size	15,48,000 shares	2,80,800 shares
OFS Issue Size (Amount)	up to ₹9.29 Cr	up to ₹6.60 Cr
Issue Size Total	54,20,000 shares	11,23,200 shares
Issue Size Total (Amount)	up to ₹32.52 Cr	up to ₹26.40 Cr

IPO Timetable

Beacon Trusteeship IPO opens on May 28, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Beacon Trusteeship IPO and Rulka Electricals IPO is May 30, 2024, and May 21, 2024, respectively.

	Beacon Trusteeship IPO	Rulka Electricals IPO
Anchor Bid Date	May 27, 2024	May 15, 2024
Issue Open	May 28, 2024	May 16, 2024
Issue Close	May 30, 2024	May 21, 2024
Basis Of Allotment (Tentative)	May 31, 2024	May 22, 2024
Initiation of Refunds (Tentative)	Jun 03, 2024	May 23, 2024
Credit of Share (Tentative)	Jun 03, 2024	May 23, 2024
Listing date (Tentative)	Jun 04, 2024	May 24, 2024
Anchor Lockin End date 1	Jun 30, 2024	Jun 21, 2024
Anchor Lockin End date 2	Aug 29, 2024	Aug 20, 2024

Financials

Beacon Trusteeship IPO P/E ratio is 16.49, as compared to Rulka Electricals IPO P/E ratio of 28.62.

Beacon Trusteeship IPO

Rulka Electricals 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

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.88%

86.28%

Promoter Shareholding (Post-Issue)

46.14%

69.22%

P/E Ratio

16.49

28.62

Market Cap

₹108.39 Cr.

₹100.07 Cr.

ROE

31.12%%

61.25%%

ROCE

33.67%%

Debt/Equity

2.16

EPS

₹3.64

₹8.21

RoNW

26.95%%

43.85%%

Shares Offered

In the Beacon Trusteeship IPO retail investors (RII) are offered 18,02,000 shares while in Rulka Electricals IPO retail investors are offered 18,02,000 shares. Qualified institutional buyers (QIB) are offered 10,30,000 shares in Beacon Trusteeship IPO and 2,13,600 shares in Rulka Electricals IPO.

	Beacon Trusteeship IPO	Rulka Electricals IPO
Anchor Investor Reserveration	15,42,000 shares	3,19,200 shares
Market Maker Reserveration	2,72,000 shares	56,400 shares
QIB	10,30,000 shares	2,13,600 shares
NII	7,74,000 shares	1,60,200 shares
RII	18,02,000 shares	3,73,800 shares
Employee	0 shares	0 shares
Others
Total	36,06,000 shares	7,47,600 shares

Bids Received (Subscription)

Beacon Trusteeship IPO subscribed 465.20x in total, whereas Rulka Electricals IPO subscribed 676.83x.

	Beacon Trusteeship IPO	Rulka Electricals IPO
QIB (times)	163.86x	204.22x
NII (times)	779.38x	1,350.15x
Big NII (times)
Small NII (times)
RII (times)	502.49x	658.32x
Employee (times)
Other (times)
Total (times)	465.20x	676.83x

Compare with others

Beacon Trusteeship IPO	Rulka Electricals IPO
Sattrix IPO	Aimtron Electronics IPO
Associated Coaters IPO	Beacon Trusteeship IPO
TBI Corn IPO	GSM Foils IPO
Ztech India IPO	Vilas Transcore IPO
Aimtron Electronics IPO	Hariom Atta & Spices IPO
GSM Foils IPO	Quest Laboratories IPO
Vilas Transcore IPO	Piotex Industries IPO
Hariom Atta & Spices IPO	Veritaas Advertising IPO
Rulka Electricals IPO	Indian Emulsifier IPO
Quest Laboratories IPO	Aztec Fluids & Machinery IPO

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