The Beezaasan Explotech IPO is set to open on February 21, 2025, and will close on February 25, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹59.93 crores through the IPO. This consists of a fresh issue of ₹59.93 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Beezaasan Explotech IPO is ₹165 to ₹175 per share. The allocation for different investor categories is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). The IPO is expected to list on the Bombay Stock Exchange (BSE) on March 3, 2025. The allotment date is February 27, 2025.
For the financial year 2024, Beezaasan Explotech reported a revenue of ₹187.9 crores, down from ₹229.17 crores in 2023. However, the company saw an increase in profit, reporting ₹4.87 crores in 2024 compared to ₹2.94 crores in 2023. Based on these financials, investors are advised to consider applying for the IPO with a long-term perspective.
Beezaasan Explotech IPO Details
- IPO Open Date: February 21, 2025
- IPO Close Date: February 25, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹165 to ₹175 per share
- Total Issue Size: Approximately ₹59.93 crores
- Fresh Issue: Approximately ₹59.93 crores
- Issue Type: Book Built Issue
- Listing Exchange: BSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
Beezaasan Explotech IPO Market Lot
The minimum market lot for the Beezaasan Explotech IPO is 800 shares, with an application amount of ₹1,40,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹1,40,000 |
| Retail Maximum | 1 | 800 | ₹1,40,000 |
| S-HNI Minimum | 2 | 1,600 | ₹2,80,000 |
Beezaasan Explotech IPO Dates
The Beezaasan Explotech IPO will open on February 21, 2025, and close on February 25, 2025. Allotment details will be finalized on February 27, 2025, with refunds processed and shares credited to demat accounts by February 28, 2025. The IPO will list on the BSE on March 3, 2025.
- IPO Open Date: February 21, 2025
- IPO Close Date: February 25, 2025
- Basis of Allotment: February 27, 2025
- Refunds: February 28, 2025
- Credit to Demat Account: February 28, 2025
- IPO Listing Date: March 3, 2025
Promoters of Beezaasan Explotech IPO
The promoters of Beezaasan Explotech are Mr. Navneetkumar Radheshyam Somani, Mr. Sunilkumar Radheshyam Somani, Mr. Rajan Sunilkumar Somani, M/s. Navneet R Somani HUF, and M/s. Sunil R Somani HUF.
About Beezaasan Explotech IPO
Beezaasan Explotech Limited, founded in August 2013, is a prominent company engaged in the manufacturing and supply of a wide range of explosives and explosive accessories. The company offers products such as cartridge explosives, slurry, emulsion, and detonating explosives, primarily serving industries like cement, mining, and defense.
Initially, in 2018, Beezaasan Explotech expanded its operations by setting up a slurry explosive manufacturing unit in Bhanthala Village, Mahisagar District, Gujarat. Between 2020 and 2024, the company further expanded by adding an emulsion explosive unit, an additional slurry explosive unit, and a detonating fuse unit at the same location.
As of March 31, 2024, the company operates across 11 states and 2 union territories in India. By September 30, 2024, Beezaasan Explotech employed a workforce of 188 people.
Beezaasan Explotech IPO Company Financial Report
Beezaasan Explotech reported a revenue of ₹187.9 crores in 2024, compared to ₹229.17 crores in 2023. The company’s profit for 2024 stood at ₹4.87 crores, up from ₹2.94 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹141.91 | ₹138.13 | ₹2.74 | ₹42.3 |
| 2023 | ₹229.17 | ₹224.98 | ₹2.94 | ₹61.63 |
| 2024 | ₹187.9 | ₹181.38 | ₹4.87 | ₹68.99 |
| June 2024 | ₹66.04 | ₹60.89 | ₹3.83 | ₹70.02 |
Beezaasan Explotech IPO Valuation – FY2024
Here are the key financial metrics for Beezaasan Explotech IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 25.93% |
| Return on Capital Employed (ROCE) | 16.20% |
| EBITDA Margin | 5.67% |
| Profit After Tax (PAT) Margin | 2.61% |
| Debt to Equity Ratio | 1.59 |
| Earnings Per Share (EPS) | ₹6.04 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.89% |
| Net Asset Value (NAV) | ₹28.94 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Premier Explosives Limited | ₹5.27 | 87.63 | 12.91 | ₹40.95 | – Cr. |
| Solar Industries India Limited | ₹92.38 | 115.62 | 26.48 | ₹365.26 | – Cr. |
Objects of the Issue
The funds raised through the Beezaasan Explotech IPO will be used for the following purposes:
- Capital Expenditure for Expansion: To fund civil construction for expanding the existing manufacturing unit, including the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and Detonating Fuse Plant at the company’s facility in Bhanthala, Mahisagar, Gujarat.
- Purchase of Machinery: To finance the purchase of plant and machinery for expanding the existing manufacturing units at the same facility in Bhanthala, Mahisagar, Gujarat.
- Additional Magazine Construction: To fund capital expenditure for constructing an additional storage facility (magazine) for emulsion cartridge explosives and detonating fuses at the Felsani, Gujarat site.
- Purchase of Commercial Vehicle: To finance the purchase of commercial vehicles for operational requirements.
- Repayment of Borrowings: To use funds for the repayment or prepayment of certain borrowings availed by the company.
- General Corporate Purposes: To meet other corporate needs.
Beezaasan Explotech IPO Review
The following financial institutions are reviewing the Beezaasan Explotech IPO:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Beezaasan Explotech IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222 / +91 40 7961 1000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers (Merchant Bankers)
- Smart Horizon Capital Advisors Private Limited
Company Address
Beezaasan Explotech Limited
5th Floor, 511, Pramukh Tangent Complex
Pramukh Tangent Complex, Sargasan Cross Road
S.G. Highway, Gandhinagar, Gujarat – 382421
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: http://www.beezaasan.com/
Beezaasan Explotech IPO FAQs
What is Beezaasan Explotech IPO?
Beezaasan Explotech IPO is an SME IPO offering ₹59.93 Crores at a price band of ₹165 to ₹175 per equity share. The IPO will be listed on the BSE.
When will Beezaasan Explotech IPO open for subscription?
The IPO opens for subscription on February 21, 2025, and closes on February 25, 2025.
What is the Beezaasan Explotech IPO Investors’ Portion?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to Apply for the Beezaasan Explotech IPO?
You can apply for the Beezaasan Explotech IPO online via ASBA through your bank account or UPI via your stock broker. Alternatively, you can apply through your stock broker by filling out the offline form.
What is the Beezaasan Explotech IPO Issue Size?
The issue size of Beezaasan Explotech IPO is ₹59.93 Crores.
What is the Beezaasan Explotech IPO Price Band?
The price band for Beezaasan Explotech IPO is ₹165 to ₹175.
What is the Beezaasan Explotech IPO Lot Size?
The minimum bid for Beezaasan Explotech IPO is 800 shares, with an application amount of ₹1,40,000.
What is the Beezaasan Explotech IPO Allotment Date?
The allotment date for the Beezaasan Explotech IPO is February 27, 2025.
What is the Beezaasan Explotech IPO Listing Date?
The IPO will be listed on BSE on March 3, 2025.
