The Beezaasan Explotech IPO is scheduled to open on February 21, 2025, and will close on February 25, 2025. This book-built issue aims to raise approximately ₹59.93 crores through a fresh issue of ₹59.93 crores and an offer for sale of up to 34,24,800 equity shares, each with a face value of ₹10.
The Beezaasan Explotech IPO is priced within a band of ₹165 to ₹175 per share, with allocations divided as 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The company is set to list on the BSE on March 3, 2025, while the allotment is scheduled for February 27, 2025.
Financially, the company reported revenues of ₹187.9 crores in 2024, down from ₹229.17 crores in 2023, but showed an improvement in profitability, with profits rising from ₹2.94 crores in 2023 to ₹4.87 crores in 2024. These financial indicators suggest that the IPO may be best suited for long-term investors.
Beezaasan Explotech IPO Details
| IPO Open Date: | February 21, 2025 |
| IPO Close Date: | February 25, 2025 |
| Listing Date: | March 3, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Price: | ₹165 to ₹175 Per Share |
| Lot Size: | 800 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE SME |
| Total Issue Size: | 34,24,800 Shares (₹59.93 Crores) |
| Fresh Issue: | 34,24,800 Shares (₹59.93 Crores) |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII (HNI) Quota: | Not more than 15% |
Beezaasan Explotech IPO Market Lot
The minimum market lot for the Swasth Foodtech IPO is 800 shares, with an application amount of ₹1,40,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹1,40,000 |
| Retail Maximum | 1 | 800 | ₹1,40,000 |
| S-HNI Minimum | 2 | 1,600 | ₹2,80,000 |
Beezaasan Explotech IPO Dates
The Beezaasan Explotech IPO will open on February 21, 2025, and close on February 25, 2025. Allotments will be finalized on February 28, 2025, with the shares listed on March 3, 2025.
| IPO Open Date: | February 21, 2025 |
| IPO Close Date: | February 25, 2025 |
| Basic of Allotment: | February 27, 2025 |
| Refund: | February 28, 2025 |
| Credit of Shares to Demat Account: | February 28, 2025 |
| IPO Listing Date: | March 3, 2025 |
Beezaasan Explotech IPO Promoters
The following are the promoters of the company:
- Mr. Navneetkumar Radheshyam Somani
- Mr Sunilkumar Radheshyam Somani
- Mr Rajan Sunilkumar Somani
- M/s. Navneet R Somani HUF
- M/s. Sunil R Somani HUF
| Promoter Holding Pre IPO: | 96.02% |
| Promoter Holding Post IPO: | 70.57% |
About Beezaasan Explotech
Beezaasan Explotech Limited, a renowned manufacturer and supplier of a comprehensive range of explosives and explosive accessories, was established in August 2013.
The company offers a diverse product portfolio that includes cartridge explosives, slurry explosives, emulsion explosives, and detonating explosives, all produced using a specialized nitrate blend. This process enables the company to serve key sectors such as cement, mining, and defense.
In 2018, Beezaasan Explotech expanded its operations by launching a slurry explosives manufacturing facility in Bhanthala Village, Mahisagar District, Gujarat. Between 2020 and 2024, further growth was achieved with the addition of an emulsion explosives unit, a second slurry explosives unit, and a detonating fuse unit at the same site.
As of March 31, 2024, the company was operational across India, catering to clients in 11 states and 2 union territories. By September 30, 2024, Beezaasan Explotech’s team had grown to 188 employees.
Beezaasan Explotech Financial Report
In 2024, the company generated revenues of ₹187.9 crores, down from ₹229.17 crores in 2023, while its profit increased to ₹4.87 crores from ₹2.94 crores in the previous year.
Amount ₹ in Crores
| Particulars | Sep 2024 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Assets | ₹82.09 | ₹68.99 | ₹61.63 | ₹42.3 |
| Revenue | ₹101.44 | ₹187.9 | ₹229.17 | ₹141.91 |
| Expenses | ₹90.36 | ₹181.38 | ₹224.98 | ₹138.13 |
| EBITDA | ₹- | ₹10.57 | ₹7.85 | ₹5.78 |
| Profit After Tax (PAT) | ₹8.33 | ₹4.87 | ₹2.94 | ₹2.74 |
| Net Worth | ₹31.12 | ₹23.2 | ₹14.34 | ₹10.45 |
| Reserves and Surplus | ₹21.63 | ₹13.7 | ₹6.95 | ₹3.7 |
| Total Borrowing | ₹39.66 | ₹36.94 | ₹43.29 | ₹23.93 |
Beezaasan Explotech Valuation – FY2024
| KPI (Key Performance Indicator) | Values |
|---|---|
| Return on Equity (RoE): | 25.93% |
| Return on Capital Employed (RoCE): | 16.20% |
| EBITDA Margin: | 5.63% |
| PAT Margin: | 2.61% |
| Debt to equity ratio: | 1.59 |
| Return on Net Worth (RoNW): | 20.89% |
| Price to Book Value: | 6.05 |
| Pre IPO EPS (₹): | 5.12 |
| Post IPO EPS (₹): | 12.89 |
| Pre IPO P/E (x): | 34.15 |
| Post IPO P/E (x): | 13.57 |
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. |
Objects of the Issue
- Fund capital expenditures for civil construction to expand the existing manufacturing units at the Bhanthala, Mahisagar (Gujarat) facility, including:
- Emulsion Explosive-3 Plant
- Emulsion Bulk Explosive Plant
- Detonating Fuse Plant
- Procure plant and machinery to support the expansion of the aforementioned manufacturing units at the Bhanthala facility.
- Establish additional storage infrastructure by funding civil construction for a new magazine facility at the Felsani (Gujarat) site to accommodate emulsion cartridge explosives and detonating fuse inventory.
- Acquire commercial vehicles to enhance logistical and operational capabilities.
- Repay or prepay outstanding borrowings to optimize the company’s debt portfolio and reduce financial liabilities.
- Support general corporate purposes and operational requirements.
Beezaasan Explotech SME IPO Review
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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 Managers
Smart Horizon Capital Advisors Private Limited
Beezaasan Explotech 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: https://beezaasan.com/
Beezaasan Explotech IPO FAQs
What is the Beezaasan Explotech IPO?
The Beezaasan Explotech IPO is an SME offering to raise ₹59.93 crores. Shares are priced within a band of ₹164 to ₹175 per equity share and will be listed on the BSE.
When will the Beezaasan Explotech IPO open for subscription?
The Beezaasan Explotech IPO opens on February 21, 2025, for QIB, NII, and Retail investors, and closes on February 25, 2025.
What is the investor allocation for the Beezaasan Explotech IPO?
The allocation is divided as follows: 50% for QIB, 15% for NII, and 35% for Retail investors.
How can I apply for the Beezaasan Explotech IPO?
You can apply online for the Beezaasan Explotech SME IPO through ASBA using your bank account or via UPI through your stockbroker. Offline applications can also be submitted by filling out the required form with your stockbroker.
What is the issue size of the Beezaasan Explotech IPO?
The total issue size of the Beezaasan Explotech IPO is ₹59.93 crores.
What is the price band for the Beezaasan Explotech IPO?
The Beezaasan Explotech IPO price is ₹165 to ₹175.
What is the lot size for the Beezaasan Explotech IPO?
The minimum market lot is 800 shares, corresponding to an application amount of ₹1,40,000.
When is the allotment date for the Beezaasan Explotech IPO?
The Beezaasan Explotech IPO allotments will be made on February 27, 2025.
When will the Beezaasan Explotech IPO be listed?
The Beezaasan Explotech IPO is set to list on the BSE on March 3, 2025.
Note: The Beezaasan Explotech SME IPO price band and dates are officially announced. (The Beezaasan Explotech IPO GMP details will be added to the IPO GMP page once they become available.)