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Beezaasan Explotech Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹175
Per Share
GMP
NIL
Grey Market
Est. Listing
₹175
Expected Price
Min. Application
₹280,000
2 lots × 800 shares
IPO Issue Details
Issue Price / Price Band₹175 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size34,24,800 shares (aggregating up to ₹59.93 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 21 Feb 2025
Subscription CloseTue, 25 Feb 2025
Anchor AllotmentThu, 20 Feb 2025
Basis of AllotmentThu, 27 Feb 2025
Initiation of RefundsFri, 28 Feb 2025
Credit of Shares to DematFri, 28 Feb 2025
Listing DateMon, 03 Mar 2025
UPI Mandate Deadline2025-02-25
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 800 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 1,600 shares
EPS (Pre-IPO)₹5.12
EPS (Post-IPO)₹12.89
P/E Ratio (Pre-IPO)34.15x
P/E Ratio (Post-IPO)13.57x
Net Offer to Public32,48,800 shares (aggregating up to ₹56.85 Cr)
Reserved for Market Maker1,76,000 shares (aggregating up to ₹3.08 Cr)
Pre-IPO Promoter Holding94,96,333 shares
Post-IPO Promoter Holding1,29,21,133 shares
About Beezaasan Explotech Ltd

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 StrengthOne-Stop Solution for Explosives Product.Long Standing Relationship with key Customers & Supplier.Experienced Management team.Continuous focus on developing novel and innovative products.

Objects of the Issue

Beezaasan Explotech Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
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;
2
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;
3
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;
4
Purchase of Commercial Vehicle;
5
Repayment/prepayment of all or certain of the borrowings availed of by the Company
6
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding 94,96,333 shares
Post-IPO Promoter Holding 1,29,21,133 shares
Check AllotmentCheck Status →
Beezaasan Explotech Ltd — Live Price LIVE
₹175.00
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Issue ₹175.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹175
GMPNIL
Est. Listing₹175
Lot Size800 shares
Min Amount₹280,000
Listing Date03 Mar 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹175
Listing Date03 Mar 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 176,000 ₹3.08 Cr
TOTAL 3,424,800 100.00% ₹59.93 Cr
* Based on ₹175.00 (upper price band)
Lot Size & Investment Details
Lot Size
800
Shares
Issue Price
₹175.00
Per Share
Min Investment
₹140,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 800 ₹140,000
Retail (Max) 13 10,400 ₹1,820,000
sNII (Min) 14 11,200 ₹1,960,000
bNII (Min) 68 54,400 ₹9,520,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 101.44 187.90 229.17
EBITDA N/A N/A N/A
Profit After Tax (PAT) 8.33 4.87 2.94
Net Worth 31.12 23.20 14.34
Total Assets 82.09 68.99 61.63
Reserves & Surplus 21.63 13.70 6.95
Total Borrowings 39.66 36.94 43.29
Key Ratios & Valuation
Issue Price ₹175
Face Value ₹10 Per Share
P/BV 6.05
RoE 25.93%
RoCE 16.20%
RoNW 20.89%
PAT Margin (%) 2.61%
EBITDA Margin (%) N/A
Debt / Equity 1.59
Company Details
Company
Beezaasan Explotech Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
5th Floor, 511, Pramukh Tangent Complex Pramukh Tangent Complex, Sargasan Cross Road S.G. Highway Gandhinagar, Gujarat, 382421
Book Running Lead Managers
Smart Horizon Capital Advisors Pvt.Ltd
Book Running Lead Manager (BRLM)