Beezaasan Explotech IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Fri, 21 Feb 2025
Close Date
Tue, 25 Feb 2025
Price Band
₹ 165 – 175
Lot Size
800
Issue Size
₹ 59.93 Cr
Minimum Investment
₹ 280,000 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Beezaasan Explotech IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹59.93 Crore, comprising a fresh issue of 34.25 Lakh equity shares aggregating to ₹59.93 Crore.
The Beezaasan Explotech IPO remained open for subscription from February 21, 2025, to February 25, 2025. The basis of allotment was finalized on February 27, 2025, and the company's shares were listed on BSE SME Platform on March 03, 2025.
The company had fixed the price band at ₹165 to ₹175 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Smart Horizon Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Beezaasan Explotech Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Beezaasan Explotech IPO Timeline (Tentative)
- IPO Open Date
- Fri, 21 Feb 25
- IPO Close Date
- Tue, 25 Feb 25
- Basis of Allotment
- Thu, 27 Feb 25
- Initiation of Refunds
- Fri, 28 Feb 25
- Credit of Shares to Demat
- Fri, 28 Feb 25
- Listing Date
- Mon, 03 Mar 25 — NSE & BSE
Open Date
21 February 2025
Close Date
25 February 2025
Basis Of Allotment
27 February 2025
Listing Date
03 March 2025
IPO Subscription
Check Live Subscription →The Beezaasan Explotech IPO has received bids for 1,25,49,600 shares against 24,56,800 shares offered, resulting in an overall subscription of 5.11x. the NII category is subscribed 3.69x, Retail Investors 2.26x, and QIBs 11.52x.
QIB
11.52x
NII
3.69x
RII
2.26x
Total
5.11x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 11,38,400 shares, representing 46.34% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 6,53,600 shares (26.6%), while Non-Institutional Investors (NIIs) receive 6,64,800 shares (27.06%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 653,600 | 26.6% |
| Non-Institutional | 664,800 | 27.06% |
| Retail Investors | 1,138,400 | 46.34% |
| Total | 2,456,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Beezaasan Explotech Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Beezaasan Explotech Limited
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.
Beezaasan Explotech IPO 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%
Beezaasan Explotech IPO Objective
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.
Beezaasan Explotech Limited Address / Contact Details
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
Beezaasan Explotech IPO Lot Size
The Beezaasan Explotech IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹1,40,000 by applying for 1 lot (800 shares). The maximum application allowed for the retail category is 1 lots (800 shares), requiring an investment of ₹1,40,000.
| 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 |
Issue Reservation
- QIB — 26.6%
- NII — 27.06%
- RII — 46.34%
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Beezaasan Explotech IPO?
Beezaasan Explotech IPO is a Book-building IPO with a total issue size of ₹59.93 crore. The Beezaasan Explotech IPO price band is ₹165 to 175 per share. The Beezaasan Explotech IPO subscription opens on Fri, Feb 21, 2025, and closes on Tue, Feb 25, 2025. The Beezaasan Explotech IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Beezaasan Explotech IPO.
When will the Beezaasan Explotech IPO open for subscription?
The Beezaasan Explotech IPO opens on Fri, Feb 21, 2025 and closes on Tue, Feb 25, 2025
What is Beezaasan Explotech IPO Price Band?
Beezaasan Explotech IPO Price Band is ₹165 to 175 per share.
What is Beezaasan Explotech IPO Lot Size?
Beezaasan Explotech IPO lot size is 800 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for Beezaasan Explotech IPO?
The minimum investment for Beezaasan Explotech IPO is ₹280000, based on one lot of 800 shares at the upper price band of ₹175 per share.
How to apply for Beezaasan Explotech IPO?
Investors can apply for the Beezaasan Explotech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Feb 25, 2025. The application amount remains blocked until the Beezaasan Explotech IPO allotment is finalized.
What is Beezaasan Explotech IPO Issue Size?
Beezaasan Explotech IPO issue size is ₹59.93 crores.
What is the Beezaasan Explotech IPO Allotment Date?
Beezaasan Explotech IPO allotment date is Thu, Feb 27, 2025.
Who is the Beezaasan Explotech IPO Registrar?
The registrar for Beezaasan Explotech IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Beezaasan Explotech IPO allotment status, refund processing, and other IPO-related information.
What is the Beezaasan Explotech IPO GMP?
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 0.57% over the issue price.
Who is the Beezaasan Explotech IPO Lead Manager?
The book-running lead managers (BRLMs) for the Beezaasan Explotech IPO are Smart Horizon Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Beezaasan Explotech IPO Red Herring Prospectus (RHP).