Beezaasan Explotech Ltd. was established on August 21, 2013. The company manufactures and supplies a range of explosives and accessories, including slurry explosives, emulsion explosives, and detonating fuses. These products, made from nitrate mixtures, cater to industries like cement, mining, and defense, meeting stringent requirements through expert-designed solutions
| Bidding Dates |
|---|
| 21 Feb 2025 - 25 Feb 2025 |
| Subscription |
|---|
| 5.11x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 800 | 3.4 M | ₹165 - ₹175 | 70.57 % | ₹565.1 M - ₹599.3 M | RHP DOC |
Beezaasan Explotech IPO SUBSCRIPTION STATUS
25 Feb '25Beezaasan Explotech IPO overall subscription rate was 5.11 times the total available shares
Beezaasan Explotech IPO retail subscription rate was 2.99 times in the retail segment
Beezaasan Explotech IPO non-institutional investor subscription rate was 6.65 times in the non-institutional investor category
Beezaasan Explotech IPO Qualified Institutional Bidder subscription rate was 6.13 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Feb 2025 (Day 3) | 2.99x | 6.65x | 6.13x |
24 Feb 2025 (Day 2) | 0.94x | 0.71x | 0.83x |
21 Feb 2025 (Day 1) | 0.44x | 0.58x | 0.33x |
Beezaasan Explotech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 79.3 | 1,006.9 | 19.8 | -30.9 | 13.3% |
| FY24 | 48.4 | 1,863.6 | 100.3 | 15.4 | 5.7% |
| FY23 | 29.4 | 2,279.2 | 21.9 | -77.3 | 3.5% |
| FY22 | 27.4 | 1,409.5 | -11.9 | -58.8 | 4.1% |
Beezaasan Explotech IPO SUBSCRIPTION STATUS DETAILS
Beezaasan Explotech had 3.4 M shares on offer
Beezaasan Explotech IPO offer price was in the range ₹165 - ₹175
Beezaasan Explotech IPO minimum Investment was ₹132000
Beezaasan Explotech IPO issue size was ₹ 565.1 M - ₹ 599.3 M
Beezaasan Explotech had a minimum lot size of 800 Shares per application
Beezaasan Explotech NUMBER OF SHARES ON OFFER
Beezaasan Explotech IPO IMPORTANT DATES
| Issue Open Date | 21 Feb 2025 |
| Issue close Date | 25 Feb 2025 |
| Allotment Date | 27 Feb 2025 |
| Refund Date | 28 Feb 2025 |
| Demat Account Credit Date | 28 Feb 2025 |
| Listing Date | 03 Mar 2025 |
| Listing on Exchange(s) | BSE |
| Beezaasan Explotech Allotment Status | Exchange |
Beezaasan Explotech IPO subscription opened on 21 Feb 2025, and closed on 25 Feb 2025
IPO allotment for Beezaasan Explotech was finalized on Thursday, 27 Feb 2025
IPO listing for Beezaasan Explotech was on BSE on Monday, 03 Mar 2025
Beezaasan Explotech IPO LISTING GAINS
| Issue Price (adjusted) | 175.0 |
| Listing Open Price | 146.0 |
| Listing Close Price | 153.3 |
| Listing Gain% | -16.6% |
| Current Gain% | 132.6% |
Beezaasan Explotech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beezaasan Explotech Ltd. | 407 | 525.9 | 45.9 | -3.6 | 2.5 | 8.6 | 6.6 | 213.2 | -1.5 | 13.4 | 2.4 | 8.9 | -12.7 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Beezaasan Explotech INFORMATION ON IPO ISSUE
About Beezaasan Explotech
Beezaasan Explotech Ltd. was established on August 21, 2013. The company manufactures and supplies a range of explosives and accessories, including slurry explosives, emulsion explosives, and detonating fuses. These products, made from nitrate mixtures, cater to industries like cement, mining, and defense, meeting stringent requirements through expert-designed solutions
Object of the Issue
- Funding the capital expenditure towards civil construction required 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
- Funding of Capital expenditure towards the purchase of plant and machinery for expansion of existing manufacturing units for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing manufacturing facility at Bhanthala, Mahisagar, Gujarat
- Funding of capital expenditure towards civil construction required for expansion of additional magazine (storage) facility required for Emulsion Cartridge Explosives and Detonating Fuse at the existing location situated at Felsani, Gujarat
- Purchase of commercial vehicles
- Repayment/prepayment of all or certain borrowings availed by the company
- General corporate purposes
Beezaasan Explotech - PROMOTERS
| Name |
|---|
| Navneetkumar Radheshyam Somani |
| Sunilkumar Radheshyam Somani |
| Rajan Sunilkumar Somani |
| Navneet R Somani HUF |
| Sunil R. Somani HUF |
Beezaasan Explotech Lead Manager of the Issue
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Beezaasan Explotech Registrar to the issue
KFin Technologies Limited
bel.ipo@kfintech.com
Beezaasan Explotech Strengths
One stop solution
The company provides personalized assistance, offering customized explosive products based on specific applications. It ensures comprehensive support, including a wide product range, reduced transportation costs, timely supply, performance guarantees, and the capability to develop special products approved by PESO
Client relationship
The company has long-standing relationships with key customers and suppliers due to its commitment to quality, timely delivery, prompt payments, and adaptability. Maintaining these relationships is crucial for business growth, providing a competitive advantage in the industry
Developing novel & innovative products
The company encourages innovation and product development to meet customer demands. Continuous feedback helps improve product performance, leading to the creation of advanced explosive products and services
Beezaasan Explotech Risks
Permits & approvals
The company's products operate in a highly regulated sector. Failure to obtain or renew necessary licenses and approvals may negatively impact business operations, cash flow, and financial condition
Risks of mishandling
Some raw materials and products are hazardous. Any accidents involving them could result in liability, damages, and litigation
Dependent on certain suppliers for raw materials
The company usually does not enter into long-term supply contracts with any of its raw material suppliers. If its suppliers cut or halt deliveries in required quantities or at expected prices, its ability to meet demand may suffer, impacting earnings and business
IPO FAQs
The promoters of the company are Navneetkumar Radheshyam Somani, Sunilkumar Radheshyam Somani, Rajan Sunilkumar Somani, Navneet R Somani HUF and Sunil R. Somani HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 165.0 - 175.0.
The IPO application opens on Feb 21, 2025 and closes on Feb 25, 2025.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Feb 27, 2025.
The refund will be credited to your account on Feb 28, 2025.
The allotted shares will be credited to your demat on Feb 28, 2025.
Beezaasan Explotech Ltd.’s shares listed on the stock exchanges on Mar 03, 2025.