5.23x
subscribed
Beezaasan Explotech IPO
Mining & Minerals
listed
5.23x
subscribed
₹1.32LMin. investment
About Beezaasan Explotech Limited
Issue size
₹59Cr
IPO type
SME
Market Cap
₹226.12CrLower than sector avg
Price range
₹165 – ₹175
Listing ExchangeBSE
RevenueApr 2023 - Mar 2024
₹186.35CrLower than sector avg
Lot size
800 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
9.76%
SectorMining & Minerals
Price range₹165 – ₹175
IPO type
SME
Lot size800 shares
Issue size₹59Cr
Red Herring Prospectus
Read
Market Cap
₹226.12CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹186.35CrLower than sector avg
Growth rate3Y CAGR
9.76%
Checklist
Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Coal India Ltd
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KIOCL LtdObjectives
Purchase of plant and machineries
38.44%
Repayment or prepayment of borrowings
30.03%
Expansion of existing manufacturing unit
6.45%
Expansion of additional storage facility
3.37%
Purchase of commercial vehicle
2.40%
About Beezaasan Explotech Limited
Beezaasan Explotech Limited, founded in 2013, specializes in manufacturing explosives and accessories, including slurry and emulsion explosives, and detonating fuses. Serving industries like cement, mining, and defense, the company is known for high-quality products and adherence to safety standards. Operating state-of-the-art facilities in Gujarat, Beezaasan is licensed for large-scale production and follows strict safety protocols. With a focus on quality, safety, and raw material management, the company is a trusted supplier, poised for continued growth.
IPO Subscription Status
Latest News on IPO
Explosives and explosives accessories maker Beezaasan Explotech has decided to launch its initial public offering on February 21, with a price band at Rs 165-175 per share, aiming to raise Rs 59.93 crore for expansion and debt repayment, with shares to be listed on the BSE SME on March 3.. This would be the second SME IPO hitting Dalal Street next week along with HP Telecom India.
Beezaasan Explotech IPO consists exclusively of a fresh issue of 34.24 lakh equity shares, aggregating to an amount of ₹59.93 crore. The company has fixed the price band at ₹165 to ₹175 per share for the IPO.
4 min read
Beezaasan Explotech IPO was a 100% book-built issue comprising a fresh issuance of 34.24 lakh equity shares, aggregating to ₹59.93 crore. The price band for the IPO was fixed at ₹165 to ₹175 per share. Beezaasan Explotech shares are scheduled to be listed on the BSE SME platform on March 3.
5 min read
IPO investors could have made losses of ₹23,200 per lot as the minimum investment in a single lot was ₹1,40,000 (₹175 x 800) at the upper price band. Beezaasan Explotech shares started trading at ₹146 per share, down 16.57% over the issue price of ₹175 apiece. However, soon after listing the stock rallied as much as 5% to hit the upper circuit limit at ₹153.3 apiece on the BSE.
3 min read
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Beezaasan Explotech IPO ?
The issue size of the Beezaasan Explotech IPO is 59 Cr.
What is 'pre-apply' for Beezaasan Explotech IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Beezaasan Explotech IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Pre-apply19 Feb 2025
- Bidding starts21 Feb 2025
- Bidding ends25 Feb 2025
- Allotment finalisation27 Feb 2025
- Release of funds28 Feb 2025
- Demat transfer28 Feb 2025
- Listing3 Mar 2025