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Beezaasan Explotech IPO

  • Status: Closed
  • RHP:
  • ₹ 132,000 / 800 shares

    Minimum Investment

IPO Details

  • Bidding starts

    21 Feb 2025

  • Bidding ends

    25 Feb 2025

  • Listing

    03 Mar 2025

  • IPO Price Range

    ₹ 165 to ₹175

  • IPO Size

    ₹ 59.93 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Beezaasan Explotech IPO Subscription Status

Last Updated: 25 February 2025 6:33 PM by 5Paisa

Beezaasan Explotech is set for its Rs 59.93 crore IPO, offering 0.34 Cr. fresh shares. The company manufactures cartridge explosives like slurry, emulsion, and detonating explosives, serving cement, mining, and defense industries. With a Gujarat-based facility and ISO certifications, it has a PAN India presence across 11 states and 2 Union Territories. Strengths include a diverse product range, strong client relationships, experienced management, and a focus on innovation.

Established in: 2013
MD: Mr. Navneet Somani

Peers

Premier Explosives Ltd
Solar Industries India Ltd
 

Objectives

1. Funding civil construction for expanding the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and 2. Detonating Fuse Plant in Gujarat.
3. Funding plant and machinery for expanding the same manufacturing unit in Gujarat.
4. Funding civil construction for an additional magazine (storage) facility for emulsion cartridge explosives and detonating fuse at Felsani, Gujarat.
5. Purchase of a commercial vehicle.
6. Repayment/prepayment of certain borrowings.
7. General corporate purposes.
 

Beezaasan Explotech IPO Size

Types Size
Total IPO Size ₹59.93 Cr.
Offer For Sale -
Fresh Issue ₹59.93 Cr.

 

Beezaasan Explotech IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 132,000
Retail (Max) 1 800 132,000
HNI (Min) 2 1,600 264,000

Beezaasan Explotech IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 11.52 6,53,600 75,30,400 131.782
NII (HNI) 4.65     4,88,800 22,74,400 39.802
Retail 2.26 11,38,400 25,68,800 44.954
Total** 5.43 22,80,800 1,23,73,600 216.538

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

Beezaasan Explotech IPO Anchor Allocation

Anchor Bid Date 20 February, 2025
Shares Offered 9,68,000
Anchor portion Size (In ₹ Cr.) 16.94
Anchor lock-in period end date for 50% shares (30 Days) 29 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 28 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 141.91 229.17 187.90
EBITDA 5.78 7.85 10.57
PAT 2.74 2.94 4.87
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 42.30 61.63 68.99
Share Capital 6.75 7.38 9.49
Total Borrowings 23.93 43.29 36.94
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -1.19 2.19 10.03
Net Cash Generated From / (used in) investing activities -4.67 -9.91 -8.48
Net Cash Generated From / (used in) financing activities 6.15 14.26 -5.86
Net Increase (Decrease) In Cash And Cash Equivalents 0.28 6.54 -4.30


Strengths

1. Comprehensive product portfolio of cartridge explosives and accessories.
2. Strong presence across 11 states and 2 Union Territories.
3. Certified manufacturing facility ensuring quality, safety, and environmental compliance.
4. Established relationships with key customers and suppliers.
5. Experienced management with a focus on innovation.
 

Risks

1. Highly regulated industry with strict compliance requirements.
2. Dependence on a limited number of key customers.
3. Exposure to fluctuations in raw material prices.
4. Competition from larger, well-established players.
5. Industry risks related to safety and environmental concerns.
 

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FAQs

Beezaasan Explotech IPO opens from 21 February 2025 to 25 February 2025.

The size of Beezaasan Explotech IPO is ₹59.93 Cr.

The price of Beezaasan Explotech IPO is fixed at ₹165 to ₹175 per share. 

To apply for Beezaasan Explotech IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Beezaasan Explotech  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Beezaasan Explotech IPO is 800 shares and the investment required is ₹132,000.
 

The share allotment date of Beezaasan Explotech IPO is 27 February 2025

The Beezaasan Explotech IPO will be listed on 3 March 2025.

Smart Horizon Capital Advisors Pvt Ltd is the book running lead manager for Beezaasan Explotech IPO.
 

Beezaasan Explotech plans to utilise the raised capital from the IPO for:
1. Funding civil construction for expanding the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and Detonating Fuse Plant in Gujarat.
2. Funding plant and machinery for expanding the same manufacturing unit in Gujarat.
3. Funding civil construction for an additional magazine (storage) facility for emulsion cartridge explosives and detonating fuse at Felsani, Gujarat.
4. Purchase of a commercial vehicle.
5. Repayment/prepayment of certain borrowings.
6. General corporate purposes.