Beacon Trusteeship IPO vs Sattrix IPO

Comparision between Beacon Trusteeship IPO and Sattrix IPO.

IPO Details

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

	Beacon Trusteeship IPO	Sattrix IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Isk 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
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 Sattrix IPO is up to ₹21.78 Cr. The final issue price of Beacon Trusteeship IPO is ₹60.00 per share and of Sattrix IPO is ₹121.00 per share.

	Beacon Trusteeship IPO	Sattrix 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	₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	38,72,000 shares	18,00,000 shares
Fresh Issue Size (Amount)	up to ₹23.23 Cr	up to ₹21.78 Cr
OFS Issue Size	15,48,000 shares
OFS Issue Size (Amount)	up to ₹9.29 Cr
Issue Size Total	54,20,000 shares	18,00,000 shares
Issue Size Total (Amount)	up to ₹32.52 Cr	up to ₹21.78 Cr

IPO Timetable

Beacon Trusteeship IPO opens on May 28, 2024, while Sattrix IPO opens on Jun 05, 2024. The closing date of Beacon Trusteeship IPO and Sattrix IPO is May 30, 2024, and Jun 07, 2024, respectively.

	Beacon Trusteeship IPO	Sattrix IPO
Anchor Bid Date	May 27, 2024
Issue Open	May 28, 2024	Jun 05, 2024
Issue Close	May 30, 2024	Jun 07, 2024
Basis Of Allotment (Tentative)	May 31, 2024	Jun 10, 2024
Initiation of Refunds (Tentative)	Jun 03, 2024	Jun 11, 2024
Credit of Share (Tentative)	Jun 03, 2024	Jun 11, 2024
Listing date (Tentative)	Jun 04, 2024	Jun 12, 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 Sattrix IPO P/E ratio of 15.12.

Beacon Trusteeship IPO

Sattrix 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

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% 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	2,462.28	2,567.06	1,449.07	950.32
Revenue	3,061.61	3,775.65	2,348.69	2,120.23
Profit After Tax	250.71	400.12	214.13	193.83
Net Worth	1,446.96	1,194.02	776.51	557.12
Reserves and Surplus	946.96	1,193.02	775.51	556.12
Total Borrowing	384.77	194.55	235.88	44.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.88%

100.00%

Promoter Shareholding (Post-Issue)

46.14%

P/E Ratio

16.49

15.12

Market Cap

₹108.39 Cr.

₹82.28 Cr.

ROE

31.12%%

18.99%%

ROCE

20.93%%

Debt/Equity

0.27

EPS

₹3.64

₹8.00

RoNW

26.95%%

17.33%%

Shares Offered

In the Beacon Trusteeship IPO retail investors (RII) are offered 18,02,000 shares while in Sattrix 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 Sattrix IPO.

	Beacon Trusteeship IPO	Sattrix IPO
Anchor Investor Reserveration	15,42,000 shares
Market Maker Reserveration	2,72,000 shares	92,000 shares
QIB	10,30,000 shares	0 shares
NII	7,74,000 shares	8,54,000 shares
RII	18,02,000 shares	8,54,000 shares
Employee	0 shares	0 shares
Others
Total	36,06,000 shares	17,08,000 shares

Bids Received (Subscription)

Beacon Trusteeship IPO subscribed 465.20x in total, whereas Sattrix IPO subscribed 70.44x.

	Beacon Trusteeship IPO	Sattrix IPO
QIB (times)	163.86x
NII (times)	779.38x	87.88x
Big NII (times)
Small NII (times)
RII (times)	502.49x	37.76x
Employee (times)
Other (times)
Total (times)	465.20x	70.44x

Compare with others

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Hariom Atta & Spices IPO	Ztech India IPO
Rulka Electricals IPO	Aimtron Electronics IPO
Quest Laboratories IPO	Beacon Trusteeship IPO

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