Beezaasan Explotech IPO is a SME IPO of 59.93 crore. Company is issuing fresh new equity shares and there is no OFS(offer for sale) portion in this IPO. Under this IPO, 34.93 lakh fresh new shares worth of Rs. 59.93 crore will be issued.

Beezaasan Explotech IPO will open for subscription on Friday, 21 February 2025 in next week. IPO

IPO opens on Friday, 21 February 2025 and closes on Tuesday, 25 February 2025. Allotment will be finalized on Thursday, 27 February. Credit of shares/refund will be initiated on Friday, 28 February 2025 and expected tentative day of listing of Beezaasan Explotech IPO is Monday, 3 March 2025.

Price-band of Beezaasan Explotech IPO is fixed between Rs. 165 to Rs. 175. Minimum lot size for an application is 800 shares. A retail investor need minimum Rs. 1,40,000 at the higher price-band of Rs. 175 to participate in this IPO with one lot. In the HNI category a investor can apply with minimum two lot which has 1600 shares amounting to Rs. 2,80,000. The face value of Beezaasan Explotech’s share has been fixed at Rs. 10 per equity share.

Not less than 50 percent of the net issue will be reserved for QIBs(Qualified Institutional Buyers), 35 percent of the net issue has been allotted for retailers and quota for HNIs is not less than 15 percent of the total issue.

Mr Navneetkumar Radheshyam Somani, Mr Sunilkumar Radheshyam Somani, Mr Rajan Sunilkumar Somani, M/s Navneet R Somani HUF and M/s Sunil R somani HUF are the promoters of the company and before this IPO promoters have 96.02 percent stake in the company while after this IPO promoters Drake’s will be reduced to 70.57 percent.

Beezaasan Explotech is primarily involved in manufacturing of explosives and explosives related product which is used in cement, mining and defence sectors.

Company Incorporated in August 2013 and company is supplier of comprehensive range of explosives and explosive accessories like slurry, emulsion and detonating explosives. Company’s manufacturing facility is situated in Gujrat and company hold multiple quality certification. Company Richard on producing high quality cateridge explosives.

As of 31 March 2024 company’s client base spanning more than 10 states and union territories for its domestic market.

In the financial year of 2022, company’s revenue stood at Rs. 141.91 crore and Rs. 2.74 crore was the number of PAT(profit after tax). End of FY 2023 company’s revenue and PAT rose from Rs. 141.91 crore to Rs. 229.17 crore and Rs 2.74 crore to 2.94 crore respectively. Company generated the revenue of Rs. 187.9 crore and PAT of 4.87 crore in financial year 2024.

Smart Horizon Capital Advisors Private Limited is the book running lead manager of the IPO of Beezaasan Explore and Kfin Technologies Ltd. is the registrar of this IPO. Allotment of this IPO will be published on the website of registrar. Market maker of this IPO is Rikhav Securities Limited.

This IPO is fully Fresh issue so all the money raise from the IPO will use to fulfill the company’s requirements. Funding the capital expenditure towards the purchase of plant and machinery for expansion of existing manufacturing unit, Funding the capital expenditure towards civil construction required for the expansion of the existing manufacturing unit, company also wants to purchase commercial vehicle by this fund, this fund will use to reduce the borrowing and last for the general corporate purpose.

Currently, there is no data available for the GMP of Beezaasan Explotech.

Here we are giving the information only about the company’s performance. You should take advice from your financial adviser before investing.