Beezaasan Explotech SME: Check IPO Date, Live Subscription and Key Details
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a wide range of explosives and explosive accessories. The company specializes in cartridge explosives, including slurry, emulsion, and detonating explosives, which are primarily used in the cement, mining, and defense industries. Beezaasan Explotech plays a crucial role in providing reliable explosive solutions for industrial and defense applications.
Min Investment
₹140000
Price Range
₹165.00-175.00
Issue Size
₹59.93 Cr
IPO Type
BSE SME
Key Metrics
Face Value
₹10
EPS
12.89
P/E Ratio
13.57
RoNW
20.89%
ROE
25.93%
Debt to Equity
1.59
Timeline
IPO Opens
21 Feb
IPO Closes
25 Feb
Allotment
27 Feb
Listing
3 Mar
IPO Objectives
- Funding the Capital expenditure towards civil construction required for the Expansion of the existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat
- Funding of Capital expenditure towards the purchase of Plant and machinery for Expansion of existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat
- Funding of capital expenditure towards civil construction is required for the expansion of an additional magazine (Storage) facility for the emulsion cartridge explosives and detonating fuse at the existing location situated at Felsani, Gujarat
- Purchase of Commercial Vehicle
- Repayment/prepayment of all or certain of the borrowings availed of by the Company
- General Corporate Purposes.
Strengths
- Wide range of cartridge explosives and related accessories.
- Strong market reach across 11 states and 2 Union Territories.
- Certified factory ensuring high safety, quality, and environmental standards.
- Well-established partnerships with key customers and suppliers.
- Experienced leadership team focused on innovation and growth.
Weaknesses
- Strict industry regulations requiring high compliance standards.
- Business relies on a small group of key customers.
- Profitability affected by changing raw material costs.
- Faces strong competition from bigger, well-known companies.
- Safety and environmental risks associated with the industry.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 82.09 | 68.99 | 61.63 | 42.3 |
| Revenue (₹ Cr.) | 101.44 | 187.9 | 229.17 | 141.91 |
| PAT (₹ Cr.) | 8.33 | 4.87 | 2.94 | 2.74 |
| Net Worth (₹ Cr.) | 31.12 | 23.2 | 14.34 | 10.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Beezaasan Explotech Ltd. | 6.25 | 34.15 | 20.89 | 31.12 |
| Premier Explosives Ltd. | 37.95 | 73.57 | 12.91 | 221 |
| Solar Industries India Ltd. | 24.07 | 95.43 | 26.48 | 3427 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.61x | 1.56x | 11.52x |
| NII | 0.44x | 0.18x | 4.65x |
| RII | 0.33x | 0.71x | 2.24x |
| Total | 0.43x | 0.84x | 5.41x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 6,53,600 | 75,30,400 | 131.78 |
| NII | 4,88,800 | 22,72,000 | 39.76 |
| RII | 11,38,400 | 25,48,000 | 44.59 |
| Total | 22,80,800 | 1,23,50,400 | 216.13 |
Company Details
- 5th Floor, 511, Pramukh Tangent Complex Pramukh Tangent Complex, Sargasan Cross Road S.G. Highway, Gandhinagar, -382421
- +91 6359607701
- investors@beezaasan.in
- http://www.beezaasan.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- bel.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/