Beezaasan Explotech IPO Details
The Beezaasan Explotech IPO is a book build issue with a total issue size of ₹59.93 cr, comprising of fresh issue of 3424800 equity shares. Beezaasan Explotech IPO opened for subscription on Feb 21, 2025 and closed on Feb 25, 2025. Beezaasan Explotech IPO is set price band at ₹165 to ₹175 per share, with a lot size of 800 shares. Minimum investment for Retail investors was ₹280,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 27, 2025, and listed on both the NSE and BSE on Mar 03, 2025.
Kfin Technologies Limited has been appointed as the registrar. Smart Horizon Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Beezaasan Explotech IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 165 – 175
- Lot Size
- 800
- Issue Size
- ₹59.93 Cr
- Minimum Investment
- ₹280000 (1600 Shares)
- Listing Date
- 03 March 2025
Current GMP
₹1 (+0.57%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
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 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.
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 per share.
Beezaasan Explotech IPO lot size is 800 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
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.
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.
Beezaasan Explotech IPO issue size is ₹59.93 crores.
Beezaasan Explotech IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.