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Beezaasan Explotech IPO is a book build issue of ₹59.93 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹59.93 crore.
Beezaasan Explotech IPO bidding started from Feb 21, 2025 and ended on Feb 25, 2025. The allotment for Beezaasan Explotech IPO was finalized on Feb 27, 2025. The shares got listed on BSE SME on Mar 3, 2025.
Beezaasan Explotech IPO price band is set at ₹175.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,40,000 (800 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,80,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Beezaasan Explotech IPO RHP for detailed Information.
| IPO Date | February 21, 2025 to February 25, 2025 |
| Listing Date | March 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹165 to ₹175 per share |
| Issue Price Final | ₹175 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
| Reserved for Market Maker | 1,76,000 shares Rikhav Securities Ltd. (aggregating up to ₹3.08 Cr) |
| Net Offered to Public | 32,48,800 shares (aggregating up to ₹56.85 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 94,96,333 shares |
| Share Holding Post Issue | 1,29,21,133 shares |
Beezaasan Explotech IPO offers total 34,24,800 shares. Out of which 16,21,600 (47.35%) allocated to QIB, 6,53,600 (19.08%) allocated to QIB (Ex- Anchor), 4,88,800 (14.27%) allocated to NII, 11,38,400 (33.24%) allocated to RII and 9,68,000 (28.26%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,76,000 (5.14%) |
| QIB Shares Offered | 16,21,600 (47.35%) |
| − Anchor Investor Shares Offered | 9,68,000 (28.26%) |
| − QIB (Ex. Anchor) Shares Offered | 6,53,600 (19.08%) |
| NII (HNI) Shares Offered | 4,88,800 (14.27%) |
| Retail Shares Offered | 11,38,400 (33.24%) |
| Total Shares Offered | 34,24,800 (100.00%) |
Beezaasan Explotech IPO raises ₹16.94 crore from anchor investors. Beezaasan Explotech IPO Anchor bid date is February 20, 2025. Beezaasan Explotech IPO Anchor Investors list
| Bid Date | February 20, 2025 |
| Shares Offered | 9,68,000 |
| Anchor Portion Size (In Cr.) | 16.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 27, 2025 |
Beezaasan Explotech IPO opens on February 21, 2025, and closes on February 25, 2025.
| IPO Open Date | Fri, Feb 21, 2025 |
| IPO Close Date | Tue, Feb 25, 2025 |
| Tentative Allotment | Thu, Feb 27, 2025 |
| Initiation of Refunds | Fri, Feb 28, 2025 |
| Credit of Shares to Demat | Fri, Feb 28, 2025 |
| Tentative Listing Date | Mon, Mar 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 25, 2025 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,40,000 |
| Retail (Max) | 1 | 800 | ₹1,40,000 |
| HNI (Min) | 2 | 1,600 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 82.09 | 68.99 | 61.63 | 42.3 |
| Total Income | 101.44 | 187.9 | 229.17 | 141.91 |
| Profit After Tax | 8.33 | 4.87 | 2.94 | 2.74 |
| Net Worth | 31.12 | 23.2 | 14.34 | 10.45 |
| Reserves and Surplus | 21.63 | 13.7 | 6.95 | 3.7 |
| Total Borrowing | 39.66 | 36.94 | 43.29 | 23.93 |
| Amount in ₹ Crore | ||||
The market capitalization of Beezaasan Explotech IPO is ₹226.12 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25.93% |
| ROCE | 16.20% |
| Debt/Equity | 1.59 |
| RoNW | 20.89% |
| PAT Margin | 2.61% |
| Price to Book Value | 6.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.12 | 12.89 |
| P/E (x) | 34.15 | 13.57 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] BEL is engaged in the business of manufacturing and supplying a wide array of explosives and related accessories. It marked growth in its top and bottom lines. Spectacular performance for H1 of FY25 not only raises eyebrows, but also concern over its sustainability going forward. Based on its recent financials, the issue appears fully priced. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | March 3, 2025 |
| BSE Script Code | 544369 |
| NSE Symbol | |
| ISIN | INE13VU01016 |
| Final Issue Price | ₹175 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹175.00 |
| Open | ₹146.00 |
| Low | ₹146.00 |
| High | ₹153.30 |
| Last Trade | ₹153.30 |
Beezaasan Explotech Ltd.
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/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Beezaasan Explotech IPO is a SME IPO of 34,24,800 equity shares of the face value of ₹10 aggregating up to ₹59.93 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 800.
The IPO opens on February 21, 2025, and closes on February 25, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Beezaasan Explotech IPO using UPI as a payment gateway. Zerodha customers can apply in Beezaasan Explotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Beezaasan Explotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Beezaasan Explotech IPO opens on February 21, 2025 and closes on February 25, 2025.
Beezaasan Explotech IPO lot size is 800, and the minimum amount required for application is ₹1,40,000.
You can apply in Beezaasan Explotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Beezaasan Explotech IPO will be done on Thursday, February 27, 2025, and the allotted shares will be credited to your demat account by Friday, February 28, 2025. Check the Beezaasan Explotech IPO allotment status.
The Beezaasan Explotech IPO listing date is on Monday, March 3, 2025.
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