Beezaasan Explotech Limited IPO
BSE SMEListed On: Mar 3, 2025 at ₹ 146.0
₹ 280000 /1600 Shares
*Min Investment
21 Feb, 2025
Open Date25 Feb, 2025
Close Date27 Feb, 2025
Allotment Date03 Mar, 2025
Listing DateBeezaasan Explotech IPO Issue Details
- Issue Price ₹165-175 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 34,24,800 shares(aggregating up to ₹59.93 crore)
- Fresh Share 34,24,800 shares(aggregating up to ₹59.93 crore)
- Listing at BSE SME
- List Price 146.0
- Listing Date 2025-03-03
- Lead Manager Smart Horizon Capital Advisors Private Limited
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,40,000 |
| Retail(max) | 1 | 800 | ₹1,40,000 |
| NII (min) | 2 | 1,600 | ₹2,80,000 |
Beezaasan Explotech IPO Reservation
Beezaasan Explotech IPO offers total 34,24,800 shares. Out of which 6,53,600 (19.08%) allocated to QIB, 4,88,800 (14.27%) allocated to NII,11,38,400 (33.24%) allocated to RII, NA (NA%) allocated to employees and 9,68,000 (28.26%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 9,68,000 (28.26%) | |
| Market Maker Shares Offered | 1,76,000 (5.14%) | |
| QIB Shares Offered | 6,53,600 (19.08%) | |
| NII (HNI) Shares Offered | 4,88,800 (14.27%) | |
| Retail Shares Offered | 11,38,400 (33.24%) | |
| Total Shares Offered | 34,24,800 (100%) |
Beezaasan Explotech IPO Details
Beezaasan Explotech Limited IPO is an SME IPO, priced at ₹165-175 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 34,24,800 equity shares, aggregating up to ₹59.93 crores..
The IPO bidding window is open from Feb 21, 2025 to Feb 25, 2025. The allotment is expected to be finalized on Feb 27, 2025, and the tentative listing date is Mar 3, 2025.
The minimum lot size for retail investors is 800 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Smart Horizon Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Rikhav Securities Limited will act as the market maker for this issue.
Beezaasan Explotech IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 6,53,600 / 4,88,800 | 11,38,400 | 22,80,800 |
Day 1 21-02-25 06:00 PM | 0.61 / 0.44 x | 0.33 x | 0.43 x |
Day 2 24-02-25 06:00 PM | 1.56 / 0.18 x | 0.71 x | 0.84 x |
Day 3 25-02-25 06:00 PM | 11.52 / 4.65 x | 2.26 x | 5.43 x |
Beezaasan Explotech Valuations
Beezaasan Explotech Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 68.99 | 61.63 | 42.3 |
| Revenue | 187.9 | 229.17 | 141.91 |
| Profit After Tax | 4.87 | 2.94 | 2.74 |
| Net Worth | 23.2 | 14.34 | 10.45 |
| Reserves & Surplus | 13.7 | 6.95 | 3.7 |
| Total Borrowing | 36.94 | 43.29 | 23.93 |
About Beezaasan Explotech Company
Beezaasan Explotech Limited incorporated in August 2013 manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives.
The company is primarily involved in the manufacturing of explosives and explosives accessories used in the cement, mining, and defence industries.
The company focuses on producing high-quality cartridge explosives, which include slurry explosives, emulsion explosives, and detonating explosives.
The company's manufacturing facility is situated in Gujrat. The company's explosive manufacturing units hold multiple quality certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management.
The company's product portfolio consists of chemical explosives.
As of 31 March 2024, the company has a PAN India presence, with the client base spanning 11 states and 2 Union territories for its domestic market.
As of September 30, 2024, the company employed 188 people at its Manufacturing Plant, corporate office, and Registered Office.
Beezaasan Explotech - Promoter(s)
Mr Navneetkumar Radheshyam Somani
Mr Sunilkumar Radheshyam Somani
Mr Rajan Sunilkumar Somani
M/s. Navneet R Somani HUF
M/s. Sunil R Somani HUF
Pre Issue Share Holding : 96.02%
Post Issue Share Holding : 70.57%
Beezaasan Explotech IPO - Issue Objectives
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 IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Beezaasan Explotech Limited | 6.04 | 6.04 | 28.94 | 34.15 | 20.89 | 6.25 | Consolidated |
| Premier Explosives Ltd. | 5.27 | 5.27 | 40.95 | 73.57 | 12.91 | 37.95 | Consolidated |
| Solar Industries India Ltd. | 92.38 | 92.38 | 365.26 | 95.43 | 26.48 | 24.07 | Consolidated |
Notes:
- The figures for the company are based on Restated Consolidated Financial Statements for the year ended March 31, 2024, after considering the bonus issue.
- The P/E Ratio has been computed based on their respective closing market price on November 29, 2024, as divided by the Basic EPS as on March 31, 2024.
- Restated Profit for the year attributable to equity shareholders divided by Net Worth of our Company.
- Net asset value per equity share is calculated as net worth at the end of the relevant year divided by the weighted average number of equity shares outstanding at the end of the year.
Contact Details
Beezaasan Explotech
5th Floor, 511, Pramukh Tangent Complex, Pramukh Tangent Complex, Sargasan Cross Road, S.G. Highway, Gandhinagar, -382421
+91 6359607701
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Beezaasan Explotech IPO - FAQs
Ans. Beezaasan Explotech Limited IPO is a SME IPO. The issue is priced at ₹165-175 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Feb 21, 2025, and closes on Feb 25, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Beezaasan Explotech Limited IPO opens on Feb 21, 2025 and closes on Feb 25, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Beezaasan Explotech Limited IPO is 34,24,800 shares(aggregating up to ₹59.93 Cr).
Ans. The Beezaasan Explotech Limited IPO price band is set between ₹165-175 per equity share.
Ans. To apply for Beezaasan Explotech Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Beezaasan Explotech Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Beezaasan Explotech Limited IPO is Feb 27, 2025.
Ans. The Beezaasan Explotech Limited IPO will be listed on Mar 3, 2025.
Ans. Follow the steps to check the Beezaasan Explotech Limited IPO allotment status online.
