Beezaasan Explotech
BSE SME₹140,000 / 800 Shares
IPO Live Subscription Details (times)
IPO Details
Beezaasan Explotech IPO is priced between ₹165-175 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE SME, and Kfin Technologies Limited is managing the issue as the registrar.
The IPO bidding period opened on 21 Feb, 2025, and closed on 25 Feb, 2025. The allotment results will be announced on 27 Feb, 2025, with a tentative listing date set for 3 Mar, 2025.
The total issue comprises 34,24,800 shares, amounting to ₹59.93 Cr.
Beezaasan Explotech IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 21, 2025 - Feb 25, 2025 | 3 Mar, 2025 | ₹10 Per Equity Share | ₹165-175 per equity share | - | Shares | - | BSE SME |
Beezaasan Explotech IPO Timeline
Issue Price
₹165-175 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Kfin Technologies LimitedMarket Lot
800 Shares (₹140,000/-)Lead Manager
Smart Horizon Capital Advisors Private LimitedIssue Size
34,24,800 shares(aggregating up to ₹59.93 Cr)Retail Portion
35%Subscription
5.43 timesBeezaasan Explotech IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 68.99 | 187.9 | 4.87 | 23.2 | 13.7 | 36.94 |
| 31 Mar 23 | 61.63 | 229.17 | 2.94 | 14.34 | 6.95 | 43.29 |
| 31 Mar 22 | 42.3 | 141.91 | 2.74 | 10.45 | 3.7 | 23.93 |
All values are in ₹ Cr.
Beezaasan Explotech IPO Valuations
EPS PRE IPO ₹5.12/- | EPS POST IPO ₹12.89/- | PE PRE IPO 34.15 | PE POST IPO 13.57 | ROE 25.93% |
ROCE 16.20% | DEBT EQUITY 1.59 | RONW 20.89% | PAT MARGIN 2.61 | PRICE TO BOOK VALUE - |
About 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 IPO Subscription 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 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
5th Floor, 511, Pramukh Tangent Complex, Pramukh Tangent Complex, Sargasan Cross Road, S.G. Highway, Gandhinagar, -382421Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com