Bookbuilding IPO | ₹60 Cr | Listed at BSE SME | Fri, Feb 21, 2025 - Tue, Feb 25, 2025
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 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 for investment in 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 Open
Fri, Feb 21, 2025
IPO Close
Tue, Feb 25, 2025
Issue Price
₹175 per share
Market Cap (Pre-IPO)
₹226.12 Cr
| IPO Date | 21 to 25 Feb, 2025 |
| Listed on | Mon, Mar 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹175 |
| Issue Price | ₹175 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,24,800 shares (agg. up to ₹60 Cr) |
| Reserved for Market Maker | 1,76,000 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 32,48,800 shares (agg. up to ₹57 Cr) |
| Net Offered to Public | 32,48,800 shares (agg. up to ₹57 Cr) |
| Share Holding Pre Issue | 94,96,333 shares |
| Share Holding Post Issue | 1,29,21,133 shares |
| BSE Script Code | 544369 |
| ISIN | INE13VU01016 |
Beezaasan Explotech IPO comprises a total issue size of 34,24,800 shares. The net offer to the public is 32,48,800 shares, after excluding 1,76,000 shares allotted on a firm basis. Of the Net offer 16,21,600 (49.91%) are allocated to QIB, 4,88,800 (15.05%) allocated to NII 11,38,400 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 16,21,600 | 49.91% | 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 | 15.05% | 14.27% |
| Retail Shares Offered | 11,38,400 | 35.04% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,76,000 | 5.14% | |
| Total Shares Offered | 34,24,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
Beezaasan Explotech IPO raises ₹16.94 crore from anchor investors. Beezaasan Explotech IPO Anchor bid date is February 20, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Feb 20, 2025 |
| Shares Offered | 9,68,000 |
| Anchor Portion (₹ Cr.) | 16.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, May 27, 2025 |
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 | 42.30 |
| Total Income | 101.44 | 187.90 | 229.17 | 141.91 |
| Profit After Tax | 8.33 | 4.87 | 2.94 | 2.74 |
| NET Worth | 31.12 | 23.20 | 14.34 | 10.45 |
| Reserves and Surplus | 21.63 | 13.70 | 6.95 | 3.70 |
| Total Borrowing | 39.66 | 36.94 | 43.29 | 23.93 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital expenditure towards civil construction required for Expansion of existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat | 3.87 |
| 2 | Funding of Capital expenditure towards purchase of Plant and Machineries for Expansion of existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat | 23.04 |
| 3 | Funding of Capital expenditure towards civil construction required for Expansion of additional magazine (Storage) facility required for Emulsion Cartridge Explosives and Detonating Fuse at the existing location situated at Felsani, Gujarat | 2.03 |
| 4 | Purchase of Commercial Vehicle | 1.44 |
| 5 | Repayment/prepayment of all or certain of our borrowings availed of by our Company | 18.00 |
| 6 | General Corporate Purpose | 3.95 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 5.12 | 12.89 |
| P/E (x) | 34.15 | 13.57 |
| Promoter Holding | 96.02% | 70.57% |
| Market Cap | ₹226.12 Cr. |
The Beezaasan Explotech IPO is subscribed 5.43 times on February 25, 2025 5:55:50 PM (Day 3). The public issue subscribed 2.26 times in the retail category, 11.52 times in the QIB category, and 4.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 11.52 | 6,53,600 | 75,30,400 | 0 |
| NII* | 4.65 | 4,88,800 | 22,74,400 | 0 |
| Retail | 2.26 | 11,38,400 | 25,68,800 | 0 |
| Total | 5.43 | 22,80,800 | 1,23,73,600 | 4,645 |
Total Application : 4,645
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.25 |
| 2 | Fees payable to the Registrar to the Offer, Legal Advisors, Advisor to the Offer, Advertisement Expenses, Printing and Distribution of issue stationery Brokerage, Selling, Commission and upload fees for SCSBs, and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 0.95 |
| 3 | Regulators including Stock Exchange 20.00 5.56% 0.56% | 0.20 |
| 4 | Others, if any (including Underwriting Commission, Market making, advisory fees, marketing expenses, fees payable to auditor, chartered engineer, concurrent auditor, miscellaneous expenses and others etc.) | 2.20 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹175.00 |
| Open | ₹146.00 |
| Low | ₹146.00 |
| High | ₹153.30 |
| Last Trade | ₹153.30 |
Lead Manager Reports
Beezaasan Explotech IPO is a SME IPO of 34,24,800 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹175 per share. The minimum order quantity is 800.
The IPO opens on Fri, Feb 21, 2025, and closes on Tue, Feb 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 Fri, Feb 21, 2025 and closes on Tue, Feb 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 Fri, Feb 28, 2025. Check the Beezaasan Explotech IPO allotment status.
The Beezaasan Explotech IPO listing date is on Mon, Mar 3, 2025.
