Beezaasan Explotech IPO Details
| IPO Open Date: | February 21, 2025 |
| IPO Close Date: | February 25, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹165 to ₹175 Per Share |
| Issue Size: | Approx ₹59.93 Crores |
| Fresh Issue: | Approx ₹59.93 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Beezaasan Explotech IPO Market Lot
The Beezaasan Explotech IPO minimum market lot is 800 shares with ₹1,40,000 application amount.
| 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 date is February 21 and the close date is February 25. The Beezaasan Explotech IPO allotment will be finalized on February 27 and the IPO listing on March 3.
| 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 the company are Mr Navneetkumar Radheshyam Somani, Mr Sunilkumar Radheshyam Somani, and Mr Rajan Sunilkumar Somani, M/s. Navneet R Somani HUF and M/s. Sunil R Somani HUF.
About Beezaasan Explotech IPO
Beezaasan Explotech Limited, one of the well-known companies active in manufacturing and supplying comprehensive Explosives and Explosive accessories was founded in August 2013. In the Explosive category, they provide a diverse selection of products including cartridge explosives, slurry, emulsion, and detonating explosives. The company uses a mixture of nitrate to manufacture its products serving different industries such as the cement industry, mining industry, and defense industry. At first, in 2018, the company decided to grow its business with the manufacturing of slurry Explosive in Bhanthala Village, Mahisagar District, Gujarat. While in between 2020 and 2024, they planned to expand their business by incorporating an emulsion explosive unit, an additional slurry explosive unit, and a detonating fuse unit at the same location in Mahisagar District. Beezaasan Explotech serves across India, delivering to 11 states and 2 union territories as of March 31, 2024. Whereas, as of September 30, 2024, the company has a staff of 188 people.
Beezaasan Explotech IPO Company Financial Report
The company reported revenue of ₹187.9 crores in 2024 against ₹229.17 crore in 2023. The company reported profit of ₹4.87 crores in 2024 against profit of ₹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 | ₹187.90 | ₹181.38 | ₹4.87 | ₹68.99 |
| September 2024 | ₹101.44 | ₹90.36 | ₹8.33 | ₹82.09 |
Beezaasan Explotech IPO Valuation – FY2024
Check Beezaasan Explotech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 25.93% |
| ROCE: | 16.20% |
| EBITDA Margin: | 5.67% |
| PAT Margin: | 2.61% |
| Debt to equity ratio: | 1.59 |
| Earning Per Share (EPS): | ₹6.04 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.89% |
| Net Asset Value (NAV): | ₹28.94 |
Peer Group Comparison
| Company | EPS | PE 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
- 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;
corporate purposes. - 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
- IPO Watch – May Apply
- 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: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka 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, -382421
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: http://www.beezaasan.com/
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Note: The Beezaasan Explotech IPO price band and date are officially announced. The (Beezaasan Explotech IPO grey market premium) will be added to the IPO GMP page as it will start).
