Beezaasan Explotech Limited IPO (Beezaasan Explotech IPO) Detail
Beezaasan Explotech IPO is a book built issue of Rs 59.93 crores. The issue is entirely a fresh issue of 34.25 lakh shares.
Beezaasan Explotech IPO bidding started from February 21, 2025 and ended on February 25, 2025. The allotment for Beezaasan Explotech IPO was finalized on Thursday, February 27, 2025. The shares got listed on BSE SME on March 3, 2025.
Beezaasan Explotech IPO price band is set at ₹175 per share. The minimum lot size for an application is 800. The minimum amount of investment required by retail investors is ₹1,32,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,40,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹2,80,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Beezaasan Explotech IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Beezaasan Explotech IPO is Rikhav Securities Limited.
Refer to Beezaasan Explotech IPO RHP for detailed information.
Beezaasan Explotech Ltd Stock Quote & Charts
- Open: ₹168.00
- High – Low: ₹189.90 – ₹168.00
- Previous Close: ₹162.90
- Total Traded Value: 3,04,800.00
- 52 Weeks High: ₹179.85 (Mar 21, 2025)
- 52 Weeks Low: ₹146.00 (Mar 03, 2025)
- Updated On: Mar 03, 2025 4:00 PM
Beezaasan Explotech IPO Details
| IPO Date | February 21, 2025 to February 25, 2025 |
| Listing Date | March 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹175 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
| Fresh Issue | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 94,96,333 shares |
| Share Holding Post Issue | 1,29,21,133 shares |
| Market Maker Portion | 1,76,000 shares Rikhav Securities Limited |
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 and 9,68,000 (28.26%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 Anchor Investors Details
Beezaasan Explotech IPO raises Rs 16.94 crore from anchor investors. Beezaasan Explotech IPO Anchor bid date is February 20, 2025. Beezaasan Explotech IPO Anchor Investors list
| Bid Date | February 20, 2025 |
| Shares Offered | 9,68,000 |
| Anchor Portion Size (In Cr.) | 16.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 27, 2025 |
Beezaasan Explotech IPO Timeline (Tentative Schedule)
Beezaasan Explotech IPO opens on February 21, 2025, and closes on February 25, 2025.
| IPO Open Date | Fri, Feb 21, 2025 |
| IPO Close Date | Tue, Feb 25, 2025 |
| Tentative Allotment | Thu, Feb 27, 2025 |
| Initiation of Refunds | Fri, Feb 28, 2025 |
| Credit of Shares to Demat | Fri, Feb 28, 2025 |
| Tentative Listing Date | Mon, Mar 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 25, 2025 |
Beezaasan Explotech IPO 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 |
| HNI (Min) | 2 | 1,600 | ₹2,80,000 |
| Lot Size Calculator | |||
Beezaasan Explotech IPO Promoter Holding
| Share Holding Pre Issue | 96.02% |
| Share Holding Post Issue | 70.57% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Beezaasan Explotech Limited
Incorporated in August 2013, Beezaasan Explotech Limited 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.
Competitive Strength
- One-Stop Solution for Explosives Product.
- Long Standing Relationship with key Customers & Supplier.
- Experienced Management team.
- Continuous focus on developing novel and innovative products.
Company Financials
Beezaasan Explotech Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 82.09 | 68.99 | 61.63 | 42.3 |
| Revenue | 101.44 | 187.9 | 229.17 | 141.91 |
| Profit After Tax | 8.33 | 4.87 | 2.94 | 2.74 |
| Net Worth | 31.12 | 23.2 | 14.34 | 10.45 |
| Reserves and Surplus | 21.63 | 13.7 | 6.95 | 3.7 |
| Total Borrowing | 39.66 | 36.94 | 43.29 | 23.93 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Beezaasan Explotech IPO is Rs 226.12 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25.93% |
| ROCE | 16.20% |
| Debt/Equity | 1.59 |
| RoNW | 20.89% |
| PAT Margin | 2.61 |
| Price to Book Value | 6.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.12 | 12.89 |
| P/E (x) | 34.15 | 13.57 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Beezaasan Explotech IPO Objectives)
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 IPO Review May apply
[Dilip Davda] BEL is engaged in the business of manufacturing and supplying a wide array of explosives and related accessories. It marked growth in its top and bottom lines. Spectacular performance for H1 of FY25 not only raises eyebrows, but also concern over its sustainability going forward. Based on its recent financials, the issue appears fully priced. Well-informed investors may park funds for medium to long term. Read detail review…
Beezaasan Explotech IPO Subscription Status (Bidding Detail)
The Beezaasan Explotech IPO is subscribed 5.43 times on February 25, 2025 5:55:50 PM (Day 3). The public issue subscribed 2.26 times in the retail category, 11.52 times in the QIB category, and 4.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 11.52 | 6,53,600 | 75,30,400 | 0 |
| NII* | 4.65 | 4,88,800 | 22,74,400 | 0 |
| Retail | 2.26 | 11,38,400 | 25,68,800 | 0 |
| Total | 5.43 | 22,80,800 | 1,23,73,600 | 4,645 |
Total Application : 4,645
*Market Maker portion is not included to NII/HNI.
Beezaasan Explotech IPO Prospectus
Beezaasan Explotech IPO Listing Details
| Listing Date | March 3, 2025 |
| BSE Script Code | 544369 |
| NSE Symbol | |
| ISIN | INE13VU01016 |
| Final Issue Price | ₹175 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹175.00 |
| Open | ₹146.00 |
| Low | ₹146.00 |
| High | ₹153.30 |
| Last Trade | ₹153.30 |
Check IPO Performance…
Beezaasan Explotech Limited Contact Details
Beezaasan Explotech Limited
5th Floor, 511, Pramukh Tangent Complex
Pramukh Tangent Complex, Sargasan Cross Road
S.G. Highway, Gandhinagar, -382421
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: http://www.beezaasan.com/
Beezaasan Explotech IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
About The Author
