Beezaasan Explotech IPO description – Beezaasan Explotech specializes in the manufacturing and supply of a broad range of explosives and explosive accessories, primarily focusing on cartridge explosives such as slurry explosives, emulsion explosives, and detonating fuse. The company’s products are formulated with nitrate-based mixtures to meet diverse industrial needs. Designed to meet stringent standards, these explosives cater to sectors including the cement, mining, and defense industries. Beezaasan Explotech also supplies the Border Roads Organization and various Public Sector Undertakings.
Beezaasan Explotech has a licensed manufacturing capacity of 45,000 metric tons for slurry explosives, supported by facilities that include a slurry explosives plant, a raw material store, an aluminum store, a blasting shelter, a destruction yard, a quality control lab, and a testing area. The company is also licensed to produce 11,400 metric tons of emulsion explosives across two manufacturing plants, along with associated facilities. Additionally, Beezaasan Explotech holds a license to manufacture 51 million meters of detonating fuse, with infrastructure that includes a transit shed, spinning buildings, and a PETN drying area, all equipped with connected facilities.
Promoters of Beezaasan Explotech – Mr. Navneetkumar Radheshyam Somani, Mr. Sunilkumar Radheshyam Somani, Mr. Rajan Sunilkumar Somani, M/S. Navneet R Somani HUF, and M/S. Sunil R. Somani HUF
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Beezaasan Explotech IPO Details
| Beezaasan Explotech IPO Dates | 21 – 25 February 2025 |
| Beezaasan Explotech Issue Price | INR 165 – 175 per share |
| Fresh issue | 34,24,800 shares (INR 56.51 – 59.93 crore) |
| Offer For Sale | NIL |
| Total IPO size | 34,24,800 shares (INR 56.51 – 59.93 crore) |
| Minimum bid (lot size) | 800 shares (INR 1,40,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Beezaasan Explotech Financial Performance
| FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 | |
| Revenue | 140.95 | 227.92 | 186.36 | 100.69 |
| Expenses | 138.13 | 224.98 | 181.38 | 90.36 |
| Net income | 2.47 | 2.94 | 4.84 | 7.93 |
Beezaasan Explotech Offer News
- Beezaasan Explotech RHP
- Beezaasan Explotech Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Beezaasan Explotech Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.13 | 3.98 | 6.04 |
| PE ratio | – | – | 27.32 – 28.97 |
| RONW (%) | 26.24 | 20.48 | 20.89 |
| NAV | 15.73 | 19.42 | 28.94 |
| ROCE (%) | 15.42 | 12.90 | 16.20 |
| EBITDA (%) | 4.10 | 3.45 | 5.67 |
| Debt/Equity | 2.29 | 3.02 | 1.59 |
Beezaasan Explotech IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 1 March 2025 | 5 | – | 1,800 |
| 28 February 2025 | 5 | – | 1,800 |
| 27 February 2025 | 5 | – | 1,800 |
| 26 February 2025 | 5 | – | 1,800 |
| 25 February 2025 | 5 | – | 1,800 |
| 24 February 2025 | 5 | – | 1,800 |
| 22 February 2025 | 7 | – | 2,000 |
Beezaasan Explotech IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 6,53,600 | 4,88,800 | 11,38,400 | 22,80,800 |
| 25 Feb 2025 | 11.52 | 5.01 | 2.26 | 5.50 |
| 24 Feb 2025 | 1.56 | 0.54 | 0.72 | 0.92 |
| 21 Feb 2025 | 0.61 | 0.44 | 0.37 | 0.46 |
The market maker reservation portion of shares is not included in the above calculations.
Beezaasan Explotech IPO Allotment Status
Beezaasan Explotech IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Beezaasan Explotech IPO Dates & Listing Performance
| IPO Opening Date | 21 February 2025 |
| IPO Closing Date | 25 February 2025 |
| Finalization of Basis of Allotment | 27 February 2025 |
| Initiation of refunds | 28 February 2025 |
| Transfer of shares to demat accounts | 28 February 2025 |
| IPO Listing Date | 3 March 2025 |
| Opening Price on BSE SME | INR 146 per share (down 16.57%) |
| Closing Price on BSE SME | INR 153.3 per share (down 12.4%) |
Beezaasan Explotech Offer Lead Manager
SMART HORIZON CAPITAL ADVISORS PRIVATE LIMITED
B/908, Western Edge II, Kanakia Space, Behind Metro Mall,
off Western Express Highway, Magathane, Borivali East,
Mumbai – 400066, Maharashtra, India
Phone: 022 – 2089 7022
Email: director@shcapl.com
Website: www.shcapl.com
Beezaasan Explotech Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: bel.ipo@kfintech.com
Website: www.kfintech.com
Beezaasan Explotech Contact Details
BEEZAASAN EXPLOTECH LIMITED
Opposite LIC Office, Palace Road Himatnagar
Dist: Sabarkantha, Himatnagar, Gujarat, 383001
Phone: +91 6359607701
E-mail: investors@beezaasan.in
Website: www.beezaasan.com
IPO FAQs
What is Beezaasan Explotech offer size?
Beezaasan Explotech’s offer size is INR 56.51 – 59.93 crores.
What is Beezaasan Explotech’s offer price band?
Beezaasan Explotech’s public offer price is INR 165 – 175 per share.
What is the lot size of Beezaasan Explotech IPO?
Beezaasan Explotech offer lot size is 800 shares.
What is Beezaasan Explotech IPO GMP today?
Beezaasan Explotech IPO GMP today is INR 5 per share.
What is the Beezaasan Explotech kostak rate today?
Beezaasan Explotech kostak rate today is INR NA per application.
What is Beezaasan Explotech IPO Subject to Sauda rate today?
Beezaasan Explotech Subject to Sauda rate today is INR 1,800 per application.