Beezaasan Explotech SME IPO
ListedBSE SMEOpens 21 February 2025Closes 25 February 2025
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a wide range of explosives and explosive accessories. The company specializes in cartridge explosives, including slurry, emulsion, and…
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a wide range of explosives and explosive accessories. The company specializes in cartridge explosives, including slurry, emulsion, and detonating explosives, which are primarily used in the cement, mining, and defense industries. Beezaasan Explotech plays a crucial role in providing reliable explosive solutions for industrial and defense applications.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
21 Feb 2025
IPO Closes
25 Feb 2025
Allotment
27 Feb 2025
Listing
3 Mar 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 21 February 2025 |
| IPO Close Date | 25 February 2025 |
| Allotment Date | 27 February 2025 |
| Listing Date | 3 March 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,80,000 |
SHNI (Min) | 3 | ₹4,20,000 |
SHNI (Max) | 7 | ₹9,80,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,20,000 |
IPO Objectives
- 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 of by the Company
- General Corporate Purposes.
Strengths
- Wide range of cartridge explosives and related accessories.
- Strong market reach across 11 states and 2 Union Territories.
- Certified factory ensuring high safety, quality, and environmental standards.
- Well-established partnerships with key customers and suppliers.
- Experienced leadership team focused on innovation and growth.
Weaknesses
- Strict industry regulations requiring high compliance standards.
- Business relies on a small group of key customers.
- Profitability affected by changing raw material costs.
- Faces strong competition from bigger, well-known companies.
- Safety and environmental risks associated with the industry.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 82.09 | 68.99 | 61.63 | 42.3 |
| Revenue (₹ Cr.) | 101.44 | 187.9 | 229.17 | 141.91 |
| PAT (₹ Cr.) | 8.33 | 4.87 | 2.94 | 2.74 |
| Net Worth (₹ Cr.) | 31.12 | 23.2 | 14.34 | 10.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Beezaasan Explotech Ltd. | 6.25 | 34.15 | 20.89% | 31.12 |
| Premier Explosives Ltd. | 37.95 | 73.57 | 12.91% | 221 |
| Solar Industries India Ltd. | 24.07 | 95.43 | 26.48% | 3,427 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.61x | 1.56x | 11.52x |
| NII | 0.44x | 0.18x | 4.65x |
| RII | 0.33x | 0.71x | 2.24x |
| Total | 0.43x | 0.84x | 5.41x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 6,53,600 | 75,30,400 | 131.78 |
| NII | 4,88,800 | 22,72,000 | 39.76 |
| RII | 11,38,400 | 25,48,000 | 44.59 |
| Total | 22,80,800 | 1,23,50,400 | 216.13 |
Company Details
- Beezaasan Explotech Limited
- 5th Floor, 511, Pramukh Tangent Complex Pramukh Tangent Complex, Sargasan Cross Road S.G. Highway, Gandhinagar, -382421
- +91 6359607701
- investors@beezaasan.in
- http://www.beezaasan.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- bel.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
Frequently Asked Questions
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Sources
We match Beezaasan Explotech SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.