The Beezaasan Explotech IPO is scheduled to open for subscription on February 21, 2025, and will close on February 25, 2025. This Book Built Issue aims to raise ₹59.93 crores, consisting entirely of a fresh issue of 34.25 lakh equity shares with a face value of ₹10 each.
The IPO price band is set at ₹165 to ₹175 per share, with a retail investor quota of 35%, QIB at 50%, and HNI at 15%. Investors can apply with a minimum lot size of 800 shares, requiring an investment of ₹1,32,000, while HNIs must bid for at least two lots (1,600 shares), amounting to ₹2,80,000.
The IPO allotment is expected to be finalized on February 27, 2025, and the company is set to list on the BSE SME platform on March 3, 2025. With reported revenue of ₹187.9 crores in 2024 and a profit growth from ₹2.94 crores in 2023 to ₹4.87 crores in 2024, Beezaasan Explotech IPO presents a potential long-term investment opportunity.
Overview of Contents
Beezaasan Explotech IPO Overview
| Key Information | Details |
|---|---|
| Subscription Window | February 21, 2025 – February 25, 2025 |
| Stock Exchange Listing | BSE SME |
| Face Value per Share | ₹10 |
| Price Range | ₹165 – ₹175 per share |
| Minimum Lot Size | 800 Shares |
| Total Equity Offered | 34,24,800 Shares |
| Total IPO Size | ₹59.93 Crores |
| Fresh Equity Issuance | ₹59.93 Crores (34,24,800 shares) |
| Issue Structure | Book Built Issue |
| Retail Investor Allocation | Not exceeding 35% |
| Qualified Institutional Buyers (QIBs) | Not exceeding 50% |
| Non-Institutional Investors (NIIs) | Not exceeding 15% |
| Pre-Issue Shareholding | 94,96,333 Shares |
| Post-Issue Shareholding | 1,29,21,133 Shares |
| Market Maker Reserve | 1,76,000 Shares |
Beezaasan Explotech IPO Lot Size
Investors can place bids in fixed lot sizes, with the minimum requirement being 800 shares. Retail investors can apply for only one lot, whereas High Net-worth Individuals (HNI) must apply for at least two lots.
| Investor Type | Number of Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail (Minimum & Maximum) | 1 Lot | 800 Shares | ₹1,40,000 |
| HNI (Minimum) | 2 Lots | 1,600 Shares | ₹2,80,000 |
Beezaasan Explotech IPO Dates
| Event | Date |
|---|---|
| Opening Date for Bidding | February 21, 2025 (Friday) |
| Closing Date for Bidding | February 25, 2025 (Tuesday) |
| UPI Mandate Confirmation Deadline | February 25, 2025 (Tuesday) – 5:00 PM |
| Share Allotment (Tentative) | February 27, 2025 (Thursday) |
| Refund Process Begins | February 28, 2025 (Friday) |
| Shares Credited to Demat Accounts | February 28, 2025 (Friday) |
| Expected Listing on BSE SME | March 3, 2025 (Monday) |
Beezaasan Explotech IPO Reservation
| Investor Category | Allocation Percentage |
|---|---|
| Retail Investors | Not less than 35% of the Net Issue |
| Non-Institutional Investors (HNI) | Not less than 15% of the Net Issue |
| Qualified Institutional Buyers (QIBs) | Not more than 50% of the Net Issue |
Beezaasan Explotech IPO Promoter Holding
Beezaasan Explotech is backed by strong promoters who hold a significant stake in the company. However, their shareholding will reduce post-IPO due to the fresh issue of shares.
| Holding Type | Percentage |
|---|---|
| Pre-Issue Shareholding | 96.02% |
| Post-Issue Shareholding | 70.57% |
About Beezaasan Explotech IPO
Beezaasan Explotech Limited, incorporated in August 2013, specializes in manufacturing and supplying a wide range of explosives and accessories primarily used in the cement, mining, and defense industries. The company produces high-quality cartridge explosives, including slurry, emulsion, and detonating explosives. Its manufacturing facility is located in Gujarat and holds multiple quality certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
With a PAN India presence across 11 states and 2 Union Territories, Beezaasan Explotech serves a diverse client base. As of September 30, 2024, the company employs 188 personnel across its manufacturing plant, corporate office, and registered office. Its competitive strengths include being a one-stop solution for explosives, maintaining strong relationships with key customers and suppliers, an experienced management team, and a continuous focus on innovation.
Beezaasan Explotech IPO Anchor Investors Details
Beezaasan Explotech IPO secured ₹16.94 crore from anchor investors ahead of its public offering. The anchor bidding took place on February 20, 2025.
| Particulars | Details |
|---|---|
| Anchor Bid Date | February 20, 2025 |
| Total Shares Allotted | 9,68,000 |
| Total Anchor Investment | ₹16.94 crore |
| Lock-in Period (50% Shares) | Ends on March 29, 2025 |
| Lock-in Period (Remaining 50%) | Ends on May 28, 2025 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Premier Explosives Limited | 5.27 | 87.63 | 12.91 | 40.95 | – Cr. |
| Solar Industries India Limited | 92.38 | 115.62 | 26.48 | 365.26 | – Cr. |
Beezaasan Explotech Limited Financial Performance (₹ in Crores)
The financial performance of Beezaasan Explotech Limited over recent years highlights steady growth in revenue, net worth, and profitability.
| Financial Metrics | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | 82.09 | 68.99 | 61.63 | 42.30 |
| Total Revenue | 101.44 | 187.90 | 229.17 | 141.91 |
| Profit After Tax (PAT) | 8.33 | 4.87 | 2.94 | 2.74 |
| Net Worth | 31.12 | 23.20 | 14.34 | 10.45 |
| Reserves & Surplus | 21.63 | 13.70 | 6.95 | 3.70 |
| Total Borrowings | 39.66 | 36.94 | 43.29 | 23.93 |
Beezaasan Explotech IPO Valuation – FY2024
Explore key financial metrics of Beezaasan Explotech IPO, including Return on Equity (ROE), EBITDA Margin, and Debt-to-Equity Ratio.
| Financial Metric | Value |
|---|---|
| Return on Net Worth (RoNW) | 20.89% |
| Return on Equity (ROE) | 25.93% |
| EBITDA Margin | 5.67% |
| PAT Margin | 2.61% |
| Debt-to-Equity Ratio | 1.59 |
| Net Asset Value (NAV) | ₹28.94 |
| Earnings Per Share (EPS) | ₹6.04 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Capital Employed (ROCE) | 16.20% |
Beezaasan Explotech IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Address
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/
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Beezaasan Explotech IPO FAQs
What is the Beezaasan Explotech IPO open and close date?
The IPO opens on February 21, 2025, and closes on February 25, 2025.
What is the IPO price band?
The price band is set between ₹165 to ₹175 per share.
What is the lot size for the IPO?
Investors can bid for a minimum of 800 shares.
How much is the total issue size?
The IPO size is approximately ₹59.93 crores, consisting of a fresh issue.
Where will the IPO be listed?
The shares will be listed on the BSE SME.
What is the allocation quota for different investor categories?
Retail investors get 35%, QIBs 50%, and NIIs (HNIs) 15% of the net issue.
What is the allotment and listing date?
The allotment is expected on February 27, 2025, and the listing on March 3, 2025.
What is the anchor investor allocation?
The company raised ₹16.94 crores from anchor investors on February 20, 2025.
What is the financial performance of the company?
Beezaasan Explotech reported ₹187.9 crores in revenue and ₹4.87 crores in profit for FY 2024.