Beezaasan Explotech Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Beezaasan Explotech Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹175
Per ShareLot Size
800 Shares
Minimum Investment
₹1,40,000
Issue Size
₹59.93 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Beezaasan Explotech Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.02%
Promoter Holding (Post-Issue)
70.57%
Issue Type
Book Building - SME
ISIN
INE13VU01016
About the Company
We deal in manufacturing and supplying the wide array of Explosives and Explosive accessories covering mainly cartridge explosives which includes Slurry Explosives, Emulsion Explosives and Detonating Fuse. Our Products are manufactured using mixture of nitrate catering to diverse requirement. Through the expertise of our promoters in diversified field application knowledge, we have designed products that meet the stringent requirements of varied Industries.
Industry Overview
A significant volume of explosives is consumed by the construction industry and in miscellaneous applications. Metal mining has overtaken coal mining to become the largest consuming sector for industrial explosives, accounting for 38% of total consumption. Demand growth for this application is estimated at 1.7% per year during 2024-29. Metallic minerals are generally low-grade ores found only in geologically favourable areas of the world. Consequently, the consumption of explosives by this mining sector follows their geographical distribution.
Company History
Beezaasan Explotech Limited was originally formed as Private Limited Company under the name "Beezaasan Explotech Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 21, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the status of the Company was changed to Public Limited and the name of the Company was changed to "Beezaasan Explotech Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on May 15, 2024. The fresh certificate of incorporation consequent to conversion was issued on July 30, 2024 by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of the Company is U24111GJ2013PLC076499.
Products & Services
- The Company deals in manufacturing and supplying the wide array of Explosives and Explosive accessories covering mainly cartridge explosives which includes Slurry Explosives, Emulsion Explosives and Detonating Fuse.
Growth Strategy
- Continue to invest in our manufacturing capabilities and Storage facilities.
- Improve Debt - Equity Ratio.
- Increasing Operational efficiency.
- Introduce Innovative techniques.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 34,24,800 equity shares of face value of Rs. 10/- each (The "Equity Shares") of Beezaasan Explotech Limited ("The Company" or "Beezaasan Explotech" or "The Issuer") for cash at a price of Rs. 175 per equity share including a share premium of Rs. 165 per equity share (The "Issue Price") aggregating to Rs. 59.93 crores ("The Issue"), of which upto 1,76,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 175 per equity share including a share premium of Rs. 165 per equity share aggregating to Rs. 3.08 crores will be reserved for subscription by market maker to the issue (The "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of upto 32,48,800 equity shares of face value of Rs. 10/- each at a price of Rs. 175 per equity share including a share premium of Rs. 165 per equity share aggregating to Rs. 56.85 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.51% and 25.14% Respectively of the post issue paid up equity share capital of the Company. The face value of the equity share is Rs. 10 each. The issue price is 17.5 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- One Stop Solution for Explosives Product.
- Long Standing Relationship with key Customers & Suppliers.
- Experienced Management team.
- Technical manpower.
- Continuous focus on developing novel and innovative products
- Products manufactured by the company is operated in highly regulated sector. Any failures to obtain registrations for its products or the company inability to comply with the regulations or in case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may adversely affect the company business, results of operations, cash flows and financial condition.
- Few of the raw materials used and products manufactured by the Company are hazardous in nature. If any accidents occur involving such hazardous raw materials and products, its may be held liable for consequent damages and litigation.
- Its Registered Office and Corporate office are not owned by the company. In the event its lose such rights, the company Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company depends on a certain supplier for its raw materials required for the company operations and the company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.