Beezaasan Explotech IPO

Beezaasan Explotech Limited manufactures and supplies a diverse range of explosives and accessories, primarily focusing on cartridge explosives, including slurry and emulsion explosives, as well as detonating fuse. The company, established in 2013, operates advanced manufacturing units in Gujarat, adhering to stringent industry standards and PESO regulations. With a licensed capacity of 45,000 metric tons for slurry explosives and 11,400 metric tons for emulsion explosives, it ensures high-quality production. The company employs robust safety measures, maintains ISO certifications, and is managed by experienced promoters with 17 years of industry expertise.

IPO Strengths

• Provides personalized assistance, ensuring tailored solutions for explosive products based on specific applications.

• Offers a wide range of explosives and accessories while optimizing transportation costs, ensuring timely supplies, and guaranteeing product performance.

• Develops and supplies specialized explosive products as per customer requirements approved by PESO.

• Maintains strong relationships with key customers and suppliers, ensuring business stability and growth.

• Led by an experienced management team with expertise in chemical engineering and industrial explosives.

• Focuses on continuous innovation and product development to meet customer demands.

• Ensures high-quality standards through rigorous testing and industry certifications.

Beezaasan Explotech IPO Key Financials (in ₹ lakhs)

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6899.07	6162.77	4230.21
Revenue	18,635.85	22,791.80	14,094.90
Profit After Tax	486.62	293.57	274.25
Reserves and Surplus	1370.08	695.43	370.19
Total Borrowings	3693.67	4329.08	2392.74

Beezaasan Explotech Limited Upcoming IPO Details

Category	Details
Issue Type	Book Built Issue IPO
Total Issue Size	Fresh Issue: 34,24,800 shares (aggregating up to ₹59.93 Cr) Offer for Sale: NA
Price Range	₹165 to ₹175 per share
Lot Size	800 Shares
Face Value	₹10 per share
Listing Exchange	SME, BSE
Pre-IPO Shareholding	94,96,333 shares
Post-IPO Shareholding	1,29,21,133 shares
Market Marker	1,76,000 shares

Beezaasan Explotech IPO Important Dates

IPO Activity	Date
IPO Open Date	21 February 2025
IPO Close Date	25 February 2025
Basis of Allotment	27 February 2025
Refunds Initiation	28 February 2025
Credit of Shares to Demat	28 February 2025
Listing Date	3 March 2025

Beezaasan Explotech IPO Lots

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹1,40,000
Retail (Max)	1	800	₹1,40,000
HNI (Min)	2	1600	₹2,80,000

Beezaasan Explotech IPO Lead Managers

Lead Managers

Smart Horizon Capital Advisors Private Limited

Beezaasan Explotech Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	6.04
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	20.89%
Net Asset Value (NAV)	28.94
Return on Equity	25.93%
Return on Capital Employed (ROCE	16.20%
EBITDA Margin	5.67%
PAT Margin	2.61%
Debt to Equity Ratio	1.59

Beezaasan Explotech IPO Peer Group Comparison

Name of Company	Face Value (₹)	Basic & Diluted EPS (₹)	PE Ratio (times)	RoNW (%)	NAV (₹)
Beezaasan Explotech Limited	10	6.04	[●]	20.89	28.94
Peer Group
Premier Explosives Limited	2	5.27	87.63	12.91	40.95
Solar Industries India Limited	2	92.38	115.62	26.48	365.26

Objectives of the Proceeds

• Funding for civil construction to expand the existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and Detonating Fuse Plant at Bhanthala, Mahisagar, Gujarat – ₹387.47 lakh.

• Funding for plant and machinery for the expansion of Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and Detonating Fuse Plant at Bhanthala, Mahisagar, Gujarat – ₹2,304.30 lakh.

• Funding for civil construction to expand an additional magazine (storage) facility for Emulsion Cartridge Explosives and Detonating Fuse at Felsani, Gujarat – ₹202.56 lakh.

• Purchase of a commercial vehicle – ₹144.40 lakh.

• Repayment/prepayment of borrowings availed by the company – ₹1,800.00 lakh.

• To meet general corporate expenses