Beezaasan Explotech IPO Details
The key details of Beezaasan Explotech’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹59.93 Cr |
| Price Range | ₹165 - ₹175 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 800 |
| Investment (cut-off price) | ₹1,40,000 |
| Pre IPO Promotor Holding | 96.02% |
| Post IPO Promotor Holding | 70.57% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Beezaasan Explotech IPO Timelines
The IPO process for Beezaasan Explotech includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
21/02/2025
Start Date25/02/2025
End Date28/02/2025
Refund Initiation28/02/2025
Credit of Shares to Demat Ac03/03/2025
Listing DateBeezaasan Explotech IPO Lot Size
The Beezaasan Explotech IPO has a fixed lot size of 800 shares, at an upper price band of ₹175 per share, requiring ₹140,000 per lot for retail investors. For HNI investors, the minimum application is 1,600 shares (2 lots) amounting to ₹280,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹1,40,000 |
| Retail Maximum | 1 | 800 | ₹1,40,000 |
| HNI Minimum | 2 | 1600 | ₹2,80,000 |
Beezaasan Explotech IPO Subscription Status
The subscription status for Beezaasan Explotech IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 11.52x | 4.65x | 2.26x | -- | 5.43x |
IPO Performance on Listing Day
On the listing day (March 3, 2025), Beezaasan Explotech made a disappointing debut on the stock exchange. The stock opened at ₹146, recording a significant discount of 16.6% from its issue price of ₹175. During the trading session, despite some recovery that took it to a high of ₹153.50, the stock remained under pressure, with its low at the opening price. The shares concluded their first trading day at ₹153.30, closing with a loss of 12.4% from the issue price, indicating weak market sentiment towards this explosives technology company.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹146.00 | ₹153.30 | ₹153.30 | ₹146.00 |
Beezaasan Explotech IPO Company Financials
Beezaasan Explotech reports robust performance in FY2024 with Total Income of ₹187.9 crores, managing expenses at ₹181.38 crores, and achieving a strong PAT (Profit After Tax) of ₹4.87 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹141.91 | ₹138.13 | ₹2.74 |
| FY 2023 | ₹229.17 | ₹224.98 | ₹2.94 |
| FY 2024 | ₹187.9 | ₹181.38 | ₹4.87 |
| FY 2025 (6 M) | ₹66.04 | ₹60.89 | ₹3.83 |
About Company
Beezaasan Explotech Limited, incorporated in August 2013, specializes in manufacturing and supplying a wide range of explosives and explosive accessories, primarily cartridge explosives such as slurry, emulsion, and detonating explosives. These products cater to industries like cement, mining, and defense, including supplies to the Border Roads Organization and Public Sector Undertakings. The company’s manufacturing facility in Gujarat is equipped with advanced quality assurance systems and holds multiple certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, ensuring high-quality production standards.
With a PAN India presence, Beezaasan Explotech serves clients across 11 states and 2 Union Territories. The company leverages the expertise of its promoters to design products that meet industry-specific requirements. As of September 30, 2024, it employed 188 people across its manufacturing plant, corporate office, and registered office. Initially incorporated as Beezaasan Explotech Private Limited, the company was converted into a public limited entity and renamed Beezaasan Explotech Limited on July 30, 2024.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Manufacturing | NAVNEET SOMANI |
Know Before Investing
Beezaasan Explotech IPO Strengths
- Their offer a wide array of explosives and explosive accessories, including Slurry Explosives, Emulsion Explosives, and Detonating Fuse.
- Beezaasan Explotech’s products meet stringent requirements across the cement, mining, and defense industries.
- Their supply to the Border Roads Organization and Public Sector Undertakings.
- Their manufacturing units are equipped with technologically advanced Quality Assurance Systems.
- Beezaasan Explotech provides a one-stop solution for explosive products.
- The company has long-standing relationships with key customers and suppliers.
Beezaasan Explotech IPO Risks
- Beezaasan Explotech serves the cement, mining, and defense industries, making it vulnerable to downturns or regulatory changes in these sectors.
- The company can be susceptible to economic downturn and other events that can affect the economy.
- Certain historical corporate and secretarial records are untraceable and regulatory proceedings or actions could be initiated against it in the future which may impact its financial condition.
- Regulatory requirements and changes may have an affect on the ability to create profit and operate the company effectively.
- The company is exposed to potential risks related to compliance and internal controls, which could lead to operational errors.
- Electrical equipment manufacturing can be cyclical, affecting the company’s revenue during economic downturns.
- There could be accidents involving injuries to persons, property, or the environment could result from their use of hazardous materials and activities.
Swot Analysis for Beezaasan Explotech IPO
Strengths
Wide product range, Relationships with key customers, Quality assurance systems
Weaknesses
High competition, Potential overreliance on key clients, Dependent on raw materials
Opportunities
Infrastructure growth, Expansion in mining sector, Technological advancements
Threats
Intense competition, Fluctuating material prices, Regulatory risks, Economic slowdown
Company Details
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/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Beezaasan Explotech IPO are:
- Capital expenditure for civil construction to expand Emulsion Explosive-3, Emulsion Bulk Explosive, and Detonating Fuse plants in Bhanthala, Gujarat.
- Capital expenditure for plant and machinery to expand the same manufacturing units in Bhanthala, Gujarat.
- Capital expenditure for civil construction to expand magazine (storage) for Emulsion Cartridge Explosives and Detonating Fuse in Felsani, Gujarat.
- Purchase of commercial vehicles.
- Repayment/prepayment of certain borrowings.
- General corporate purposes.
Smart Horizon Capital Advisors Private Limited is the book-running lead managers for the Beezaasan Explotech IPO.
Beezaasan Explotech’s growth potential is strong, fueled by infrastructure and mining sector expansion. Government initiatives and increasing construction activities drive demand for industrial explosives. The global explosives market is expected to reach $61.8 billion by 2027.
The issue price for the Beezaasan Explotech IPO is set between ₹165 and ₹175 per share.
To invest in one lot of Beezaasan Explotech IPO, you need ₹1,32,000 at the lower price band (₹165 per share) or ₹1,40,000 at the upper price band (₹175 per share) for a lot size of 800 shares.
Beezaasan Explotech IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on March 3, 2025.
Refund/unblocking of funds for Beezaasan Explotech IPO will begin on February 28, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Beezaasan Explotech IPO shares on listing day (March 3, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.