Beezaasan Explotech Limited
Bookbuilding IPO · BSE
- Price band
- ₹165 - ₹175
- Lot size
- 800 shares
- Issue amount
- ₹59.93 cr
- Total subscription
- 5.5×
- Opens
- 21 Feb 2025
- Closes
- 25 Feb 2025
- Allotment
- 27 Feb 2025
- Listing
- 3 Mar 2025
Offer at a glance
Issue overview
- Issue size
- 34,24,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹59.93 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 94,96,333
- Shares after issue
- 1,29,21,133
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,40,000 |
| HNI | 2 | 1,600 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 11.44 | 0 |
| RETAIL | 19.92 | 1.3 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.35 | 6.04 | 3.98 |
| ROE | 30.67 | 25.93 | 23.69 |
| ROCE | 17.79 | 16.2 | 12.9 |
| RONW | 25.46 | 20.89 | 20.48 |
| PRE IPO(PE) | 0 | 34.15 | 0 |
| POST IPO(PE) | 13.57 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Beezaasan Explotech Limited, incorporated in August 2013, is a specialized manufacturer and supplier of explosives and explosive accessories, serving key sectors such as cement, mining, and defense. The company produces a wide range of high-quality cartridge explosives, including slurry, emulsion, and detonating explosives, supported by a well-equipped manufacturing facility in Gujarat. Its operations adhere to stringent quality and safety standards, holding ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety. With a product portfolio focused on chemical explosives, Beezaasan Explotech has expanded its reach across India, serving clients in 11 states and 2 Union Territories as of March 31, 2024. As of September 30, 2024, the company employed 188 personnel across its plant, corporate office, and registered office, reflecting its growing operational scale and industry presence.
Strengths
- All-in-One Solution: We provide a complete range of explosives and related products, making it easy and reliable for our customers to get everything they need in one place.
- Trusted Partnerships: Our strong, long-standing relationships with customers and suppliers ensure consistent quality and excellent service.
- Experienced Leadership: With years of industry expertise, our management team is dedicated to driving growth and success.
- Innovation at the Core: We focus on creating cutting-edge products to stay ahead of market needs and deliver the best solutions.
Risk factors
- Regulatory Requirements – Since we operate in a highly regulated industry, keeping our licenses, permits, and approvals up to date is essential. Any delays or failures in renewing them could impact our business and financial performance.
- Safety & Hazard Risks – Handling hazardous materials comes with safety challenges. Accidents could lead to legal issues, liabilities, and reputational damage. Prioritizing safety measures helps reduce these risks.
- Supplier Reliability – Depending on a single supplier without a long-term agreement can be risky. Supply chain disruptions, material shortages, or price changes could affect our operations and profitability. Diversifying suppliers can help mitigate these challenges.
Promoters
Mr Navneetkumar Radheshyam Somani
Mr Sunilkumar Radheshyam Somani
Mr Rajan Sunilkumar Somani
M/s. Navneet R Somani HUF
M/s. Sunil R Somani HUF
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
5th Floor, 511, Pramukh Tangent Complex, Pramukh Tangent Complex, Sargasan Cross Road, S.G. Highway, Gandhinagar, -382421
+91 6359607701
[email protected]Company website ↗Understanding BEEZAASAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.