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. Beezaasan Explotech 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.
Beezaasan Explotech IPO – Details
| IPO Opening Date | 21 February 2025 |
| IPO Closing Date | 25 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 34,24,800 Shares Worth ₹59.93 Crore Fresh Issue: 34,24,800 Shares Worth ₹59.93 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹165 – ₹175 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Beezaasan Explotech IPO – Date Schedule
| IPO Open Date | 21 February 2025 |
| IPO Close Date | 25 February 2025 |
| Basis of Allotment | 27 February 2025 |
| Initiation of Refund | 28 February 2025 |
| Credit of Shares to Demat Account | 28 February 2025 |
| IPO Listing Date | 03 March 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 25, 2025 |
Beezaasan Explotech IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,40,000 |
| Retail (Max) | 1 | 800 | ₹1,40,000 |
| HNI (Min) | 2 | 1600 | ₹2,80,000 |
Competitive Strengths
- One-Stop Solution for Explosives Product.
- Long Standing Relationship with key Customers & Supplier.
- Experienced Management team.
- Continuous focus on developing novel and innovative products.
Company Promoters
- 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 Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 141.90 | 138.12 | 2.74 | 23.93 |
| 31 March 2023 | 229.17 | 224.98 | 2.93 | 43.29 |
| 31 March 2024 | 187.89 | 181.38 | 4.86 | 36.94 |
| 30 September 2024 | 66.03 | 60.89 | 3.83 | 35.81 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 25.93% |
| ROCE | 16.20% |
| Debt/Equity | 1.59 |
| RoNW | 20.89% |
| PAT Margin | 2.61 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.12 | 5.93 |
| P/E (x) | 34.15 | 29.51 |
Object Of The Issue
- Funding the Capital expenditure towards civil construction required for the Expansion of the existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat;
- Funding of Capital expenditure towards the purchase of Plant and machinery for Expansion of existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat;
- Funding of capital expenditure towards civil construction is required for the expansion of an additional magazine (Storage) facility for the emulsion cartridge explosives and detonating fuse at the existing location situated at Felsani, Gujarat;
- Purchase of Commercial Vehicle;
- Repayment/prepayment of all or certain of the borrowings availed by the Company;
- General corporate purposes.
Beezaasan Explotech IPO Promoter Holding
| Pre Issue Share Holding | 96.02% |
| Post Issue Share Holding | – |
Beezaasan Explotech IPO Prospectus
- Beezaasan Explotech IPO DRHP
- Beezaasan Explotech IPO RHP
Company Contact Information
| Beezaasan Explotech Limited 5th Floor, 511, Pramukh Tangent Complex Pramukh Tangent Complex, Sargasan Cross Road S.G. Highway, Gandhinagar, -382421 Phone: +91 6359607701 Email: investors@beezaasan.in Website: http://www.beezaasan.com/ |
Beezaasan Explotech IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bel.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Beezaasan Explotech IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Private Limited |
Beezaasan Explotech IPO FAQs
| What is Beezaasan Explotech IPO? Beezaasan Explotech IPO is a SME IPO. The issue is priced at ₹165 to ₹175 per equity share. The IPO is to be listed on BSE SME. |
| When Beezaasan Explotech IPO will open? The IPO is to open on 21 February 2025 for QIB, NII, and Retail Investors. |
| What is Beezaasan Explotech IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Beezaasan Explotech IPO? You can apply Beezaasan Explotech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Beezaasan Explotech IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Beezaasan Explotech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Beezaasan Explotech IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Beezaasan Explotech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Beezaasan Explotech IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Beezaasan Explotech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Beezaasan Explotech IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Beezaasan Explotech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Beezaasan Explotech IPO Size? Beezaasan Explotech IPO size is ₹59.93 Crore. |
| What is the Beezaasan Explotech IPO Price Band? Beezaasan Explotech IPO Price Band is ₹165 to ₹175. |
| What is Beezaasan Explotech IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹1,40,000 amount while the maximum bid is 800 Shares with ₹1,40,000. |
| What is the Beezaasan Explotech IPO Allotment Date? Beezaasan Explotech IPO allotment date is 27 February 2025. |
| What is the Beezaasan Explotech IPO Listing Date? Tejas Cargo IPO listing date is 03 March 2025. The IPO is to be listed on BSE SME. |
