Beezaasan Explotech Limited IPO is fully book build issue and total IPO size is ₹59.93 crores. The total offering consists of 34,24,800 shares.
The subscription period for the Beezaasan Explotech Limited IPO starts on Fabruary 21, 2025 and ends on Fabruary 25, 2025.
The allotment process is expected to be finalized by Fabruary 27, 2025 .
The Beezaasan Explotech Limited IPO is scheduled to list on SME Platform of BSE, with a listing date of March 03, 2025.
The price band for the Beezaasan Explotech Limited IPO is ₹165 to ₹175 per share and lot size is 800 shares.
Registrar for this IPO is KFIN Technologies Limited and lead managers for Beezaasan Explotech Limited IPO are Smart Horizon Capital Advisors (Shreni Capital Advisors).
IPO Schedule
| IPO Open Date | Friday, 21 Feb, 2025 |
|---|---|
| IPO Close Date | Tuesday, 25 Feb, 2025 |
| IPO Allotment Date | Thursday, 27 Feb, 2025 |
| Refund Initiation | Friday, 28 Feb, 2025 |
| Share credit in Demat | Friday, 28 Feb, 2025 |
| Listing Date | Monday, 03 Mar, 2025 |
Key Details
| Price Band | ₹165 to ₹175 Per Share |
|---|---|
| Lot Size | 800 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹59.93 Crores |
| Fresh Issue | ₹59.93 Crores |
| Issue Type | Fresh Issue |
| Listing At | BSE SME |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 140,000 |
| Retail (Max) | 1 | 800 | 140,000 |
| S-HNI (Min) | 2 | 1600 | 280,000 |
| S-HNI (Max) | 7 | 5600 | 980,000 |
About Beezaasan Explotech Company
Our company is a leading manufacturer and supplier of a diverse range of explosives and explosive accessories, primarily focusing on cartridge explosives such as slurry explosives, emulsion explosives, and detonating fuses. These products, crafted using a blend of nitrate, cater to the stringent requirements of various industries, including cement, mining, and defense. We also supply to Border Roads Organization and Public Sector Undertakings.
Established in 2013, we operate strategically located manufacturing facilities in Gujarat, equipped with advanced technology and quality assurance systems. Our licensed capacity includes 45,000 Metric Ton for manufacturing Slurry Explosives, 11,400 Metric Ton for Emulsion Explosives and 51 million Mtrs for Detonating Fuse. We are strictly regulated by PESO (Petroleum Explosive Safety Organisation) for manufacturing and storing the explosives for which the license is obtained.
We are committed to maintaining high safety standards and have implemented robust practices to protect our employees, the community, and the environment. Our facilities hold certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
Key Performance Indicators (Consolidated Financial Statements):
- Revenue from Operations (March 31, 2024): ₹186.36 crore
- EBITDA (March 31, 2024): ₹10.57 crore
- PAT (March 31, 2024): ₹4.87 crore
Our dedicated sales team manages PAN India sales, ensuring customer satisfaction and contributing to marketing efforts. We prioritize maintaining a reserve of raw materials, like Ammonium Nitrate, and work to manage price volatility, ensuring consistent pricing for our customers. Our promoters have overall 17 years of work experience in this industry and manage and control the overall affairs of our Business Operations with their considerable experience in our Industry.
Beezaasan Explotech Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 820.91 | 689.91 | 616.28 | 423.02 |
| Revenue | 100.69 | 186.36 | 227.92 | 140.95 |
| Profit After Tax | 79.25 | 48.45 | 29.36 | 27.43 |
| Net Worth | 311.22 | 231.97 | 143.38 | 104.52 |
| Reserves and Surplus | 216.26 | 137.01 | 69.54 | 37.02 |
| Total Borrowing | 396.57 | 369.37 | 432.91 | 239.27 |
₹ In Crore
Key Performance Indicator
| Basic EPS | Return on Net Worth | Net Asset Value | Debt-Equity Ratio | Return on Equity | Return on Capital Employed |
|---|---|---|---|---|---|
| 6.04 | 20.89% | ₹2.89 Cr | - | 25.93% | 16.20% |
Offer Objectives
This document outlines the details concerning the equity shares held by key personnel and the promoters' contribution to the IPO. Mr. Navneetkumar Radheshyam Somani, Chairman and Managing Director, holds 32,92,602 shares (25.48% post-issue). Mr. Sunilkumar Radheshyam Somani, Whole-Time Director, holds 32,75,975 shares (25.35% post-issue), and Mr. Rajan Sunilkumar Somani, Executive Director, holds 3,83,313 shares (2.97% post-issue).
Transactions involving shares by promoters and promoter groups in the last six months are also detailed, including transfers to SRM Ventures, Ms. Nikita Sandeep Shah, Bhavya Jain, Gaurav Singh, and Doshi Sagar Hareshkumar, as well as transfers from Ms. Pushpaben Radheshyam Shah and Shah Radheshyam Madanlal HUF.
Promoters' contribution constitutes at least 20% of the post-issue equity share capital and is locked in for three years. Promoters hold 69,51,910 Equity Shares constituting 53.80% of the Post Issued, Subscribed and Paid -up Equity Share Capital of our Company.
The Fresh Issue aims to raise funds for capital expenditure (civil construction and machinery purchase) towards expansion of existing manufacturing unit, additional storage facility, purchase of commercial vehicle, repayment of borrowings, and general corporate purposes. The total Fresh Issue aggregates to ₹[●] Lakhs, with issue related expenses of ₹759.74 Lakhs. Net proceeds will be allocated as follows: Expansion civil work: ₹387.47 Lakhs, Purchase of Plant & Machineries: ₹2,304.30 Lakhs, Additional magazine civil work: ₹202.56 Lakhs, Commercial Vehicle: ₹144.40 Lakhs, Borrowing Repayment: ₹1,800.00 Lakhs and General Corporate Purposes: ₹[●] Lakhs.
Company Details
Address:
5th Floor, 511, Pramukh Tangent Complex,
Sargasan Cross Road, S.G. Highway,
Gandhinagar, Gujarat 382421, India.
Phone: +91 6359607701
Email: [email protected]
Website: http://www.beezaasan.com
IPO Registrar Details
KFIN Technologies Limited
Phone: +91 40 6716 2222
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Smart Horizon Capital Advisors (Shreni Capital Advisors)
