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Beezaasan Explotech Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.175.00
Issue Size:
Rs.59.93 Cr
Lot Size:
800 shares
Open Date:
February 21
Beezaasan Explotech Limited IPO Overview
Bidding Dates
February 21 - February 25
Min Investment
₹140,000
Price Range
₹175.00
Issue Size
₹59.93 Cr
IPO DRHP Doc
Company Overview
Beezaasan Explotech Limited, incorporated in August 2013, manufactures and supplies a range of explosives and accessories, primarily for the cement, mining, and defence industries. The company focuses on high-quality cartridge explosives, including slurry and emulsion explosives. Its manufacturing facility in Gujrat holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company has a PAN India presence, serving clients across 11 states and 2 Union territories, and employs 188 people as of September 30, 2024.
IPO Timeline
Opens
Feb 21
Closes
Feb 25
Allotment
Feb 27
Refunds
Feb 28
Shares Credit
Feb 28
Listing
Mar 3
Opens
Feb 21
Closes
Feb 25
Allotment
Feb 27
Refunds
Feb 28
Shares Credit
Feb 28
Listing
Mar 3
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 11.52x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 4.65x | Oversubscribed |
| RII (Retail Individual Investors) | 2.26x | Oversubscribed |
| Total Subscription | 5.43x | Oversubscribed |
Last updated: Feb 25, 2025, 05:57 PM
Current GMP:
Rs.1
Est. Listing:
Rs.176
Est. Gain:
+0.6%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹68.99 Cr | ₹68.99 Cr | ₹61.63 Cr | ₹42.3 Cr |
| Net Worth | ₹23.2 Cr | ₹23.2 Cr | ₹14.34 Cr | ₹10.45 Cr |
| Profit After Tax | ₹4.87 Cr | ₹4.87 Cr | ₹2.94 Cr | ₹2.74 Cr |
| Reserves and Surplus | ₹13.7 Cr | ₹13.7 Cr | ₹6.95 Cr | ₹3.7 Cr |
| Revenue | ₹187.9 Cr | ₹187.9 Cr | ₹229.17 Cr | ₹141.91 Cr |
| Total Borrowing | ₹36.94 Cr | ₹36.94 Cr | ₹43.29 Cr | ₹23.93 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- The company provides tailored explosive products to meet customer-specific applications with performance guarantees.
- Long-standing relationships with key customers (54.54% of revenue) and suppliers (80.07% of purchases) contribute to its stability.
- The management team brings significant industry experience, supporting consistent growth.
- Continuous focus on innovation and product development based on customer feedback drives improvements.
- The company adheres to strict quality control standards, supported by ISO certifications (9001:2015, 14001:2015, 45001:2018).
IPO Details
Beezaasan Explotech IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
| IPO Date | February 21, 2025 to February 25, 2025 |
| Issue Price | ₹175 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | March 3, 2025 |
| Lot Size | 800 Shares |
| Share Holding Post Issue | 1,29,21,133 shares |
| Share Holding Pre Issue | 94,96,333 shares |
| Total Issue Size | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
Beezaasan Explotech IPO Reservation
Share Reservation Distribution
Retail
1,138,400 shares (33.24%)
Anchor Investors
968,000 shares (28.26%)
QIB
653,600 shares (19.08%)
HNI (NII)
488,800 shares (14.27%)
Market Maker
176,000 shares (5.14%)
Beezaasan Explotech IPO Promoter Holding
| Share Holding Post Issue | 70.57% |
| Share Holding Pre Issue | 96.02% |
Beezaasan Explotech IPO Listing Details
| ₹175 per share |
| 544369 |
| INE13VU01016 |
| March 3, 2025 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹175.00 |
| High | ₹153.30 |
| Last Trade | ₹153.30 |
| Low | ₹146.00 |
| Open | ₹146.00 |
Key Dates
Open Date:February 21
Close Date:February 25
Listing Date:March 3
