Beezaasan Explotech IPO: Key Details and Summary
Beezaasan Explotech IPO is scheduled to open for subscription on February 21, 2025, and will close on February 25, 2025. This IPO follows a Book Built Issue format, aiming to raise approximately ₹59.93 crores. The offering includes a fresh issue of ₹59.93 crores, while the number of shares for sale under the Offer for Sale (OFS) is yet to be disclosed.
The price band for the IPO is set between ₹165 to ₹175 per share, with investor quotas distributed as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NII or HNIs): 15%
Beezaasan Explotech is set to be listed on the BSE SME platform on March 3, 2025. The allotment date for shares is scheduled for February 27, 2025.
Beezaasan Explotech IPO Details
| IPO Details | Information |
|---|---|
| IPO Open Date | February 21, 2025 |
| IPO Close Date | February 25, 2025 |
| Face Value | ₹10 per Equity Share |
| IPO Price Band | ₹165 to ₹175 per Share |
| Issue Size | ₹59.93 Crores (Approx) |
| Fresh Issue | ₹59.93 Crores (Approx) |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
For further details, investors can check the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
Market Lot and Investment Details
The minimum lot size for Beezaasan Explotech IPO is 800 shares, requiring a minimum investment of ₹1,40,000.
| Investor Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹1,40,000 |
| Retail Maximum | 1 | 800 | ₹1,40,000 |
| S-HNI Minimum | 2 | 1,600 | ₹2,80,000 |
Important Dates for Beezaasan Explotech IPO
| Event | Date |
|---|---|
| IPO Open Date | February 21, 2025 |
| IPO Close Date | February 25, 2025 |
| Allotment Finalization | February 27, 2025 |
| Refunds Initiation | February 28, 2025 |
| Shares Credit to Demat | February 28, 2025 |
| IPO Listing Date | March 3, 2025 |
Company Promoters
The key promoters of Beezaasan Explotech Limited include:
- Mr. Navneetkumar Radheshyam Somani
- Mr. Sunilkumar Radheshyam Somani
- Mr. Rajan Sunilkumar Somani
- M/s. Navneet R Somani HUF
- M/s. Sunil R Somani HUF
Company Overview
Founded in August 2013, Beezaasan Explotech Limited is engaged in the manufacturing and supply of a wide range of explosives and explosive accessories. The company’s product line includes:
- Cartridge Explosives
- Slurry Explosives
- Emulsion Explosives
- Detonating Explosives
The company serves various industries, such as:
✔ Cement Industry
✔ Mining Industry
✔ Defense Sector
Beezaasan Explotech has expanded its business operations in Gujarat, with manufacturing units in Bhanthala Village, Mahisagar District. Between 2020 and 2024, the company established additional facilities for emulsion explosives, slurry explosives, and detonating fuses. As of March 31, 2024, Beezaasan Explotech operates in 11 states and 2 union territories across India and employs 188 staff members as of September 30, 2024.
Financial Performance of Beezaasan Explotech
| Year | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | 141.91 | 138.13 | 2.74 | 42.3 |
| 2023 | 229.17 | 224.98 | 2.94 | 61.63 |
| 2024 | 187.9 | 181.38 | 4.87 | 68.99 |
| June 2024 | 66.04 | 60.89 | 3.83 | 70.02 |
IPO Valuation Metrics – FY2024
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 25.93% |
| Return on Capital Employed (ROCE) | 16.20% |
| EBITDA Margin | 5.67% |
| Profit After Tax (PAT) Margin | 2.61% |
| Debt to Equity Ratio | 1.59 |
| Earnings Per Share (EPS) | ₹6.04 (Basic) |
| Return on Net Worth (RoNW) | 20.89% |
| Net Asset Value (NAV) | ₹28.94 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV |
|---|---|---|---|---|
| Premier Explosives Ltd. | 5.27 | 87.63 | 12.91 | 40.95 |
| Solar Industries India Ltd. | 92.38 | 115.62 | 26.48 | 365.26 |
Utilization of IPO Proceeds
The funds raised from the IPO will be used for:
✔ Expansion of manufacturing units in Gujarat
✔ Purchase of machinery for new production lines
✔ Civil construction for storage and safety enhancements
✔ Purchase of commercial vehicles
✔ Repayment of outstanding loans
✔ General corporate purposes
Registrar and Lead Manager Details
- Registrar:KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: bel.ipo@kfintech.com
- Website: KFinTech IPO Status
- Lead Manager: Smart Horizon Capital Advisors Private Limited
- Company Address:
Beezaasan Explotech Limited
5th Floor, 511, Pramukh Tangent Complex
S.G. Highway, Gandhinagar – 382421
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: Beezaasan Explotech
Frequently Asked Questions (FAQs)
1. What is the Beezaasan Explotech IPO price band?
The IPO price band is set between ₹165 and ₹175 per share.
2. When is the Beezaasan Explotech IPO listing date?
The IPO is set to list on the BSE SME platform on March 3, 2025.
3. What is the minimum investment required for retail investors?
Retail investors must purchase a minimum lot of 800 shares, requiring an investment of ₹1,40,000.
4. How to apply for the Beezaasan Explotech IPO?
You can apply through ASBA via your bank account or through UPI-based applications provided by stock brokers.
5. Is Beezaasan Explotech a profitable company?
Yes, the company reported a profit of ₹4.87 crores in 2024, showing growth compared to ₹2.94 crores in 2023.