Beezaasan Explotech Limited IPO is opening on 21 February 2025 and will close on 25 February 2025. This SME IPO is raising ₹59.93 crore from a fresh issue of 34.25 lakh equity shares.
The Beezaasan Explotech IPO allotment date will be finalized on Thursday, 27 February 2025. Beezaasan Explotech shares will probably be listed on BSE SME on Monday, 3 March 2025.
As Beezaasan Explotech IPO price band has been set between ₹165 to ₹175 per share. The minimum number of shares or the lot size is 800 indicating the minimum investment requirement for retail investors is ₹132000. Still, to avoid the oversubscription rush, it is better to bid at the cutoff price which is ₹175; in that scenario, the minimum investment required to subscribe to the IPO is ₹140000. The minimum lot size and investment amount for the HNIs is 2 lots which amounts to a minimum investment of ₹280000.
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Beezaasan Explotech BSE SME IPO Details
| Detail | Information |
| IPO Opening Date | February 21, 2025 |
| IPO Closing Date | February 25, 2025 |
| Tentative IPO Listing Date | March 3, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹165 to ₹175 per share |
| Lot Size | 800 shares |
| Total Issue Size | 3424800 Shares (₹59.93Cr) |
| Fresh Issue | 3424800 Shares (₹59.93Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre-Issue | 9496333 shares |
| Share Holding Post-Issue | 12921133 shares |
Beezaasan Explotech Limited | Company Overview
Beezaasan Explotech Limited is engaged in manufacturing and supplying of wide and comprehensive array of explosives and accessories related to explosives. It was established in the year 2013 and is known for its cartridge explosives which include high-quality emulsion, slurry, and detonating explosives.
The firm caters to the mining industry, cement, and most importantly the Defence industry.
It has manufacturing units located in Gujrat and it is an ISO 9001:2015 certified explosive manufacturer and has other certifications as well for quality management, environmental management, and factors which are required to be considered in explosive making.
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Beezaasan Explotech Limited IPO | Key Details
- Beezaasan Explotech IPO Opening Date: February 21, 2025,
- Beezaasan Explotech IPO Closing Date: February 25, 2025.
- Allotment Date: February 27, 2025
- Price Band: ₹ 165 – ₹175 per share
- Lot Size: 800 shares
- Refunds Initiated: February 28, 2025
- Shares Credited to Demat: February 28, 2025
- Listing Date: March 3, 2025
Beezaasan Explotech Ltd: Financial Overview
Beezaasan Explotech Limited’s profits surged by around 66% in FY24 even though, its revenue declined from FY23 by 18%. It also managed to reduce its total borrowing by 14.66% during the period.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | 31-Mar-24 | 31-Mar-23 | Change | Change (%) |
| Assets | 68.99 | 61.63 | 7.36 | 11.94223592 |
| Revenue | 187.9 | 229.17 | -41.27 | -18.0084653 |
| Profit After Tax | 4.87 | 2.94 | 1.93 | 65.6462585 |
| Net Worth | 23.2 | 14.34 | 8.86 | 61.78521618 |
| Reserve & Surplus | 13.7 | 6.95 | 6.75 | 97.12230216 |
| Total Borrowing | 36.94 | 43.29 | -6.35 | -14.6685147 |
Beezaasan Explotech Ltd IPO | FAQs
Beezaasan Explotech Ltd manufactures explosives and accessories for explosives required in the mining, Defence, and cement industries.
The tentative IPO listing date of Beezaasan Explotech has been fixed as Monday, March 3, 2025.
The bidding date for the Beezaasan Explotech IPO is February 21, 2025, and it will continue until February 25, 2025.
The minimum IPO lot size for Beezaasan Explotech is 800 shares and for HNIs, it is 2 lots.
The IPO allotment is expected to be finalized on Thursday, February 27, 2025.
The IPO face value is set at ₹10 per share.
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