Beezaasan Explotech IPO
Open SmeCurrent GMP
₹1 (+0.57%)
Price Band
₹ 165 – 175
Lot Size
800
Issue Size
₹59.93 Cr
Minimum Investment
₹280000 (1600 Shares)
Listing Date
03 March 2025
Subscription
5.11x
About the Company
Beezaasan Explotech Limited, founded in 2013, specializes in the manufacturing and supply of explosives and explosive accessories, primarily focusing on cartridge explosives such as Slurry Explosives, Emulsion Explosives, and Detonating Fuse. The company caters to diverse industries like cement, mining, defense, and supplies to Border Roads Organization and Public Sector Undertakings.
The company’s manufacturing facilities are strategically located in Mahisagar District, Gujarat, covering a total area of 40,68,876.50 sq. ft., and are equipped with advanced machinery for seamless production. Beezaasan is strictly regulated by PESO (Petroleum Explosive Safety Organization) for manufacturing and storage. Their facilities are licensed for producing Slurry Explosives (45,000 MT), Emulsion Explosives (11,400 MT), and Detonating Fuse (51 million meters).
With a focus on safety and quality, Beezaasan Explotech operates under stringent quality standards and holds certifications like ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company follows best safety practices with regular audits and ensures the health and safety of its workforce and the environment.
The promoters, with over 17 years of industry experience, manage the company’s operations. The company’s primary raw material, Ammonium Nitrate, is procured from Public Sector Undertakings, with price fluctuations managed through stockpiling. Beezaasan Explotech aims to offer quality products while maintaining competitive pricing through effective raw material management.
Promoters
- Mr Navneetkumar Radheshyam Somani
- Mr Sunilkumar Radheshyam Somani
- Mr Rajan Sunilkumar Somani
- M/s. Navneet R Somani HUF
- M/s. Sunil R Somani HUF
Promoters Holding
Holding Pre Issue
96.02%
Holding Post Issue
70.57%
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding the Capital expenditure towards civil construction required for the Expansion of the existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat;
- Funding of Capital expenditure towards the purchase of Plant and machinery for Expansion of existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat;
- Funding of capital expenditure towards civil construction is required for the expansion of an additional magazine (Storage) facility for the emulsion cartridge explosives and detonating fuse at the existing location situated at Felsani, Gujarat;
- Purchase of Commercial Vehicle;
- Repayment/prepayment of all or certain of the borrowings availed of by the Company
- General corporate purposes.
Address / Contact Info
Beezaasan Explotech Limited
5th Floor, 511, Pramukh Tangent Complex,
Sargasan Cross Road, S.G. Highway,
Gandhinagar, Gujarat-382421
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: http://www.beezaasan.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 21 February 2025
IPO Close Date
Tuesday, 25 February 2025
Basis of Allotment
Thursday, 27 February 2025
Initiation of Refunds
Friday, 28 February 2025
Credit of Shares to Demat
Friday, 28 February 2025
Listing Date
Monday, 03 March 2025 — NSE & BSE
Important Dates
Open Date
21 February 2025
Close Date
25 February 2025
Basis Of Allotment
27 February 2025
Listing Date
03 March 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 70.02 | 68.99 | 61.63 | 42.3 |
| Revenue | 66.04 | 187.9 | 229.17 | 141.91 |
| Profit After Tax | 3.83 | 4.87 | 2.94 | 2.74 |
| Net Worth | 26.8 | 23.2 | 14.34 | 10.45 |
| Reserve & Surplus | 17.3 | 13.7 | 6.95 | 3.7 |
| Total Borrowings | 35.81 | 36.94 | 43.29 | 23.93 |
EPS Pre
5.12%
EPS Post
5.93%
P/E Pre
34.15
P/E (Post Issue)
29.51x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 25.93 |
| ROCE % | 16.2 |
| Debt / Equity | 1.59 |
| RoNW % | 20.89 |
| PbW | 6.05 |
| Pat Margin % | 2.61 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 653600 | 26.6 | 0 |
| Non-Institutional | 664800 | 27.06 | 0 |
| Retail Investors | 1138400 | 46.34 | 0 |
| Total | 2456800 | 100 | 0 |
Subscription Status ( Tue, 25 Feb 25 01:02 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 653600 | 7530400 | 11.52x |
| Non-Institutional | 664800 | 2450400 | 3.69x |
| Retail Investors | 1138400 | 2568800 | 2.26x |
| Total | 2456800 | 12549600 | 5.11x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 140,000.00 |
| Retail (Max) | 1 | 800 | 140,000.00 |
| S-HNI (Min) | 2 | 1,600 | 280,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Beezaasan Explotech IPO is a Book-building IPO worth ₹59.93 crores. The price band is ₹165 to 175 per share. The IPO opens on Fri, Feb 21, 2025 and closes on Tue, Feb 25, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Beezaasan Explotech IPO opens on Fri, Feb 21, 2025 and closes on Tue, Feb 25, 2025
Beezaasan Explotech IPO Price Band is ₹165 to 175.
Beezaasan Explotech IPO lot size is 800, and the minimum amount required for application is ₹280000.
The minimum investment for Beezaasan Explotech IPO is approximately ₹280000 based on the upper price band.
To apply for the Beezaasan Explotech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Feb 25, 2025. After submission, funds are blocked until the basis of allotment of Beezaasan Explotech IPO is finalised.
Beezaasan Explotech IPO issue size is ₹59.93 crores.
Beezaasan Explotech IPO allotment date is Sat, Jun 27, 2026.
The registrar for Beezaasan Explotech IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Beezaasan Explotech IPO through their official website or helpline.
The Beezaasan Explotech IPO GMP (Grey Market Premium) is ₹1 as of Mon, Mar 3, 2025. Based on the upper price band of ₹175 per share, the estimated Beezaasan Explotech IPO listing price is ₹176, indicating a potential listing gain of approximately 31% over the issue price.