Beezaasan Explotech IPO Subscription started on Friday, February 21, 2025, and will close on February 25, 2025, as per the schedule. The price band is set at ₹165 to ₹175 per share with a face value of ₹10.
Beezaasan Explotech IPO Subscription Status
Beezaasan Explotech IPO Subscribed over 0.84x on its second day till 5.00 PM on 24th February 2025.
- Beezaasan Explotech IPO subscription QIB investors portion is 1.56x, while NII subscribed 0.18x, and RII investors subscribed 0.71x.
- The company has received bids for 19,13,600 shares against 22,80,800 shares on offer on the second day of subscription.
- Beezaasan Explotech IPO subscribed over 0.84x on its second day.
- Beezaasan Explotech IPO subscribed over 0.43x on its First day.
About Beezaasan Explotech Company
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 second, 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 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.
Beezaasan Explotech IPO GMP:
Beezaasan Explotech IPO GMP was ₹0 as of Monday, 24th february 2025. That indicates the IPO is trading at ₹175 with ₹0 premium in the grey market against the issue price of ₹175.
