Beacon Trusteeship IPO vs TBI Corn IPO

Comparision between Beacon Trusteeship IPO and TBI Corn IPO.

IPO Details

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

	Beacon Trusteeship IPO	TBI Corn 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	Swastika Investmart Ltd Ekadrisht Capital Private Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Spread X Securities Private Limited	Ss Corporate Securities 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 TBI Corn IPO is up to ₹44.94 Cr. The final issue price of Beacon Trusteeship IPO is ₹60.00 per share and of TBI Corn IPO is ₹94.00 per share.

	Beacon Trusteeship IPO	TBI Corn IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹57.00 per share	₹90.00 per share
Issue Price (Upper)	₹60.00 per share	₹94.00 per share
Issue Price (Final)	₹60.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	38,72,000 shares	47,80,800 shares
Fresh Issue Size (Amount)	up to ₹23.23 Cr	up to ₹44.94 Cr
OFS Issue Size	15,48,000 shares
OFS Issue Size (Amount)	up to ₹9.29 Cr
Issue Size Total	54,20,000 shares	47,80,800 shares
Issue Size Total (Amount)	up to ₹32.52 Cr	up to ₹44.94 Cr

IPO Timetable

Beacon Trusteeship IPO opens on May 28, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of Beacon Trusteeship IPO and TBI Corn IPO is May 30, 2024, and Jun 04, 2024, respectively.

	Beacon Trusteeship IPO	TBI Corn IPO
Anchor Bid Date	May 27, 2024	May 30, 2024
Issue Open	May 28, 2024	May 31, 2024
Issue Close	May 30, 2024	Jun 04, 2024
Basis Of Allotment (Tentative)	May 31, 2024	Jun 05, 2024
Initiation of Refunds (Tentative)	Jun 03, 2024	Jun 06, 2024
Credit of Share (Tentative)	Jun 03, 2024	Jun 06, 2024
Listing date (Tentative)	Jun 04, 2024	Jun 07, 2024
Anchor Lockin End date 1	Jun 30, 2024	Jul 05, 2024
Anchor Lockin End date 2	Aug 29, 2024	Sep 03, 2024

Financials

Beacon Trusteeship IPO P/E ratio is 16.49, as compared to TBI Corn IPO P/E ratio of 18.33.

Beacon Trusteeship IPO

TBI Corn 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

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% 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	9,511.50	12,162.04	4,317.63	4,254.86
Revenue	10,196.53	14,042.63	10,097.26	6,776.38
Profit After Tax	766.45	686.09	45.16	23.93
Net Worth	4,067.70	2,677.81	683.24	512.42
Reserves and Surplus	2,729.94	1,677.49
Total Borrowing	5,137.13	6,352.82	2,549.48	2,300.94
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.88%

76.65%

Promoter Shareholding (Post-Issue)

46.14%

57.71%

P/E Ratio

16.49

18.33

Market Cap

₹108.39 Cr.

₹170.69 Cr.

ROE

31.12%%

18.84%%

ROCE

18.65%%

Debt/Equity

0.43

EPS

₹3.64

₹5.13

RoNW

26.95%%

18.84%%

Shares Offered

In the Beacon Trusteeship IPO retail investors (RII) are offered 18,02,000 shares while in TBI Corn IPO retail investors are offered 18,02,000 shares. Qualified institutional buyers (QIB) are offered 10,30,000 shares in Beacon Trusteeship IPO and 9,08,800 shares in TBI Corn IPO.

	Beacon Trusteeship IPO	TBI Corn IPO
Anchor Investor Reserveration	15,42,000 shares	13,58,400 shares
Market Maker Reserveration	2,72,000 shares	2,40,000 shares
QIB	10,30,000 shares	9,08,800 shares
NII	7,74,000 shares	6,81,600 shares
RII	18,02,000 shares	5,92,000 shares
Employee	0 shares	0 shares
Others
Total	36,06,000 shares	31,82,400 shares

Bids Received (Subscription)

Beacon Trusteeship IPO subscribed 465.20x in total, whereas TBI Corn IPO subscribed 231.21x.

	Beacon Trusteeship IPO	TBI Corn IPO
QIB (times)	163.86x	81.41x
NII (times)	779.38x	516.50x
Big NII (times)
Small NII (times)
RII (times)	502.49x	523.29x
Employee (times)
Other (times)
Total (times)	465.20x	231.21x

Compare with others

Beacon Trusteeship IPO	TBI Corn IPO
Sattrix IPO	United Cotfab IPO
Associated Coaters IPO	3C IT IPO
TBI Corn IPO	Magenta Lifecare IPO
Ztech India IPO	Sattrix IPO
Aimtron Electronics IPO	Associated Coaters IPO
GSM Foils IPO	Ztech India IPO
Vilas Transcore IPO	Aimtron Electronics IPO
Hariom Atta & Spices IPO	Beacon Trusteeship IPO
Rulka Electricals IPO	GSM Foils IPO
Quest Laboratories IPO	Vilas Transcore IPO

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