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Beezaasan Explotech Ltd

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Beezaasan Explotech Ltd IPO Details

IPO Date

21 Feb 2025 - 25 Feb 2025

Listing Date

03 Mar 2025

Face Value

10

Price

₹165 - ₹175 per share

Lot Size

1 Lot (800 Shares)

Listing At

BSE-SME

Employee Discount

₹0 per share

Issue Type

Book Building - SME

Minimum Investment

₹1,40,000 / 2 Lot

Maximum Investment

₹1,40,000 / 2 Lot

Total Issue Size

₹59.93 Crores

Fresh Issue

₹59.93 Crores

Offer For Sale

NA

Retail Discount

₹0

Shareholding Pre Issue

94,96,333 Shares

Shareholding Post Issue

1,29,21,133 Shares

info

About Beezaasan Explotech Ltd IPO

Beezaasan Explotech Ltd is a leading manufacturer and supplier of explosives and explosive accessories, primarily used in industries such as mining, cement, and defense. Established in 2013, the company has developed a strong reputation for producing high-quality products like slurry, emulsion, and detonating explosives. With a manufacturing facility in Gujarat, the company focuses on maintaining high safety standards and quality certifications, including ISO 9001:2015 for Quality Management and ISO 14001:2015 for Environmental Management.
 

The company is now looking to expand its operations through the Beezaasan Explotech IPO, aiming to raise ₹59.93 crores to fund its growth initiatives. These include upgrading its manufacturing facilities, purchasing new machinery, and reducing its existing borrowings. The IPO represents a fresh issue of 34.25 lakh shares, and the proceeds will support the company’s long-term growth strategy while enhancing its capabilities to meet increasing demand in its core industries.

Founding Year: 2013

Managing Director: Navneet Radheshyam Somani

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Bidding starts

21st Feb

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Bidding ends

25th Feb

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Allotment of shares

27th Feb

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Initiation of refund

28th Feb

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Credit of shares to Demat account

28th Feb

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Listing date

3rd Mar

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 96.02% 70.57%
Public Group 3.98% 29.43%

Beezaasan Explotech Ltd IPO Reservation

QIB Shares Offered 6,53,600 (19.08%)
NII (HNI) Shares Offered 4,88,800 (14.27%)
Retail Shares Offered 11,38,400 (33.24%)
Anchor Investor Shares Offered 9,68,000 (28.26%)
Total Shares Offered 34,24,800
Total Shares With Anchor Investor 34,24,800

Beezaasan Explotech Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 ₹1,40,000
Retail (Max) 1 800 ₹1,40,000
S HNI (Min) 2 1,600 ₹2,80,000
S HNI (Max) 7 5,600 ₹9,80,000
B HNI (MIN) 8 6,400 ₹11,20,000

Beezaasan Explotech Ltd IPO Anchor Investor Details

Bid Date February 20, 2025
Shares Offered 9,68,000
Anchor Investment Details 16.94

Beezaasan Explotech Ltd IPO registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Beezaasan Explotech Ltd IPO Lead Manager

1. Smart Horizon Advisors Pvt Ltd

Beezaasan Explotech Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹96.04 ₹23.8 ₹14.7
Reserves and Surplus ₹83.12 ₹14.31 ₹7.32
Total Borrowing ₹22.42 ₹33.55 ₹43.53

Beezaasan Explotech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 6,53,600 75,30,400 11.5214
Non Institutional Investors (NIIs) 4,88,800 24,50,400 5.0131
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 4,88,800 0 0
Retail Individual Investors (RIIs) 11,38,400 25,68,800 2.2565
Total 34,24,800 1,25,49,600 3.6643

Strength of Beezaasan Explotech Ltd

  • One Stop Solution for Explosives Product.
  • Long Standing Relationship with key Customers & Suppliers.
  • Experienced Management team.
  • Technical manpower.
  • Continuous focus on developing novel and innovative products
  • Quality products.

Risks Involved

  • Products manufactured by the company is operated in highly regulated sector. Any failures to obtain registrations for its products or the company inability to comply with the regulations or in case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may adversely affect the company business, results of operations, cash flows and financial condition.
  • Few of the raw materials used and products manufactured by the Company are hazardous in nature. If any accidents occur involving such hazardous raw materials and products, its may be held liable for consequent damages and litigation.
  • Its Registered Office and Corporate office are not owned by the company. In the event its lose such rights, the company Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
  • The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The company depends on a certain supplier for its raw materials required for the company operations and the company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.
  • The company is highly dependent on certain key customers for a substantial portion of its revenues and the company does not have long term contracts with all of these customers. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
  • The Restated Consolidated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.
  • Manufacturing and supply of commercial explosives are subject to strict quality requirements and any failure to comply with quality standards may lead to cancellation of existing and future orders.
  • The company also operate on a tender based business. There are several inherent risks associated with a tender-based business which could affect its profit margins thereby materially affecting the company business and results of operations.
  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
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Industry Outlook of Beezaasan Explotech IPO

 

  • Explosives Demand in Key Sectors: The demand for explosives is driven by industries such as mining, cement manufacturing, and defense. With the continued growth of infrastructure projects and the expansion of mining operations, the need for high-quality explosives is expected to rise.
  • Mining Sector Growth: India’s mining sector has seen steady growth, with government initiatives to boost mining production. As a result, the requirement for industrial explosives, such as those produced by Beezaasan Explotech, is anticipated to grow in the coming years.
  • Defense Industry Opportunities: The defense sector is another key driver for the explosives market. As defense projects increase, the demand for high-quality explosives and accessories used in defense applications is expected to grow.
  • Government Policies and Initiatives: The Indian government's focus on infrastructure development, including road construction, mining expansion, and defense modernization, is expected to support long-term growth in the explosives industry.
  • Regulatory and Environmental Standards: Compliance with stringent environmental and safety regulations is a key aspect for companies in the explosives manufacturing sector. Companies like Beezaasan Explotech, which hold ISO certifications, are well-positioned to meet these standards and gain market trust.
  • Market Expansion: With a PAN India presence and a focus on innovation, Beezaasan Explotech is well-placed to capitalize on the expanding demand in both domestic and international markets.

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Frequently Asked Questions

What is Beezaasan Explotech Ltd IPO?

Answer Field

Beezaasan Explotech Ltd IPO is a SME IPO of 34,24,800 equity shares of a face value of ₹10 aggregating up to ₹59.93 Crores. The issue is priced at ₹165 to ₹175 per share. The minimum order quantity is 800 Shares. The IPO opens on February 21, 2025, and closes on February 25, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Beezaasan Explotech Ltd IPO will open?

Answer Field

The Beezaasan Explotech Ltd IPO opens on February 21, 2025 and closes on February 25, 2025.

What is the lot size of Beezaasan Explotech Ltd?

Answer Field

Beezaasan Explotech Ltd lot size is 800 shares, and the minimum amount required is ₹1,40,000.

How to apply for Beezaasan Explotech Ltd IPO?

Answer Field

You can apply in Beezaasan Explotech Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Beezaasan Explotech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Beezaasan Explotech Ltd IPO will be done on February 27, 2025, and the allotted shares will be credited to your demat account by February 28, 2025.

When is Beezaasan Explotech Ltd IPO listing date?

Answer Field

The Beezaasan Explotech Ltd listing date is March 03, 2025.

Who is the registrar of Beezaasan Explotech Ltd IPO?

Answer Field

The registrar of Beezaasan Explotech Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Smart Horizon Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Beezaasan Explotech Ltd IPO?

Answer Field

The fresh issue size is ₹59.93 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Beezaasan Explotech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,40,000 amount.

How can I approve the UPI mandate request for Beezaasan Explotech Ltd IPO?

Answer Field

To apply for Beezaasan Explotech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Beezaasan Explotech Ltd?

Answer Field

The price of each Beezaasan Explotech Ltd share will be ranging in between ₹165 to ₹175 per share.

What is the cut-off time for the UPI mandate for Beezaasan Explotech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 25, 2025.

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