Beezaasan Explotech IPO

Beezaasan Explotech IPO

  • IPO Date21 Feb, 2025 to 25 Feb, 2025
  • Listing Date03 Mar, 2025
  • Face Value₹10 per share
  • Issue Price₹165 to ₹175 per share
  • Lot Size800 Shares
  • Minimum Investment₹1,40,000
  • Listing AtBSE SME
  • Total Issue Size34,24,800 Shares
    (aggregating up to ₹59.93 Cr)
  • Fresh Issue34,24,800 Shares
    (aggregating up to ₹59.93 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue94,96,333
  • Shareholding post issue1,29,21,133
IPO Dates

Closing Date

25 Feb, 2025

Initiation of Refunds

28 Feb, 2025

Listing Date

03 Mar, 2025

21 Feb, 2025

Opening Date

27 Feb, 2025

Basis of Allotment

28 Feb, 2025

Credit of Shares

UPI Mandate Expiry Date:25 Feb, 2025

Beezaasan Explotech Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Max)1800₹1,40,000
Retail (Min)1800₹1,40,000
B-HNI (Min)---
S-HNI (Max)---
S-HNI (Min)21600₹2,80,000

Beezaasan Explotech Promoter Holding

The company's promoters 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.

Pre Issue Share HoldingPost Issue Share Holding
96.02%70.57%

Beezaasan Explotech COMPANY INFORMATION

Beezaasan Explotech IPO is a book built issue of Rs 59.93 crores. The issue is entirely a fresh issue of 34.25 lakh shares. Beezaasan Explotech IPO opens for subscription on February 21, 2025 and closes on February 25, 2025. The allotment for the Beezaasan Explotech IPO is expected to be finalized on Thursday, February 27, 2025. Beezaasan Explotech IPO will be list on BSE SME with a tentative listing date fixed as Monday, March 3, 2025. Beezaasan Explotech IPO price band is set at ₹165 to ₹175 per share. The minimum lot size for an application is 800. The minimum amount of investment required by retail investors is ₹1,32,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,40,000.The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹2,80,000. Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Beezaasan Explotech IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Beezaasan Explotech IPO is Rikhav Securities Limited.

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

  • One-Stop Solution for Explosives Product.
  • Long Standing Relationship with key Customers & Supplier.
  • Experienced Management team.
  • Continuous focus on developing novel and innovative products.

 Beezaasan Explotech IPO

IPO Overview and Key Highlights

Beezaasan Explotech, a Gujarat-based manufacturer of industrial explosives, is launching its Initial Public Offering (IPO). The IPO comprises a fresh issue of up to 34,24,800 equity shares with a face value of ₹10 each. The proceeds will be used for business expansion, working capital needs, and general corporate purposes. The shares will be listed on the BSE SME exchange​.

Key IPO Details

  • Type of Issue: 100% Book Built Issue
  • Total Issue Size: 34,24,800 equity shares
  • Face Value: ₹10 per share
  • Offer Price: Yet to be determined
  • Offer Opens: February 21, 2025
  • Offer Closes: February 25, 2025
  • Listing Exchange: BSE SME​

Company Overview

Established in 2013, Beezaasan Explotech is engaged in manufacturing and supplying a range of explosives, including slurry explosives, emulsion explosives, and detonating fuse. These products cater to industries such as mining, cement, and defense. The company also supplies to government bodies like the Border Roads Organization and public sector undertakings. Its manufacturing units are equipped with advanced quality assurance systems​.

Financial Overview

Beezaasan Explotech has demonstrated consistent growth in revenue. The IPO proceeds will be utilized for expanding production capacity, introducing new products, and strengthening its financial position.

  • Revenue (FY 2024): ₹18,635.85 lakhs
  • Profit (FY 2024): ₹484.49 lakhs
  • Earnings Per Share (FY 2024): ₹6.04​

Key Strengths of Beezaasan Explotech

  • Established Market Presence: A decade of experience in the industrial explosives sector.
  • Strong Promoter Backing: Experienced leadership with deep industry knowledge.
  • Technological Edge: Advanced manufacturing and quality assurance processes.

IPO Pros and Cons

Pros

Expanding industrial and mining sector demand.
IPO proceeds directed towards business growth and operational efficiency.
Established supplier for key government and industrial sectors.

Cons

Industry-dependent revenue streams.
Regulatory and environmental compliance risks.
Volatility in raw material prices may affect profit margins​.

Risk Factors

Investors should consider the following risks:

  • Market Sensitivity: Demand for explosives is linked to mining and infrastructure activities.
  • Regulatory Approvals: Compliance with stringent safety and environmental regulations is crucial.
  • Litigation Risks: The company has pending tax disputes and regulatory proceedings​.

Conclusion

The Beezaasan Explotech IPO presents an opportunity to invest in a well-established industrial explosives manufacturer. With a strong industry presence and a clear growth strategy, the company is well-positioned for expansion. However, investors should evaluate risks related to regulatory compliance, raw material price fluctuations, and industry dependence before making an investment decision.

FAQs About Beezaasan Explotech Ipo

Beezaasan Explotech IPO will open on 21 Feb, 2025 and close on 25 Feb, 2025. Investors must apply within this period to participate.

The Beezaasan Explotech IPO price band is set between ₹165.00 and ₹175.00 per share. The minimum lot size is 800, requiring an investment of at least ₹140000.00.

The Beezaasan Explotech IPO shares are expected to be listed on 03 Mar, 2025, subject to regulatory approvals and final allotment.

You can track your Beezaasan Explotech IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Beezaasan Explotech IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.