Beezaasan Explotech IPO GMP Live, Open Date, Close Date, Price Band

Beezaasan Explotech IPO open date is February 21, 2025 and closing date is February 25, 2025. This new IPO is a book-built issue worth up to Rs 59.93 crores. This upcoming IPO is offering entirely a fresh issue of 34.25 lakh equity shares; there are no offers for sale part included in this IPO. 

Beezaasan Explotech IPO price band is Rs 165 to Rs 175 per share. As of now, Beezaasan Explotech IPO live GMP is at 0, indicating neutral sentiment among investors for this IPO.

Beezaasan Explotech IPO lot size is 800 shares, and the allotment status will be finalised on Thursday, February 27, 2025, the minimum investment for retail investors is 1 lot, which is Rs 1,40,000. The registrar for Beezaasan Explotech IPO is Kfin Technologies Limited. The listing date is Monday, March 3, 2025.

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Beezaasan Explotech IPO GMP Live

Beezaasan Explotech IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 175 per share. You can check the latest IPO Grey Market Premium today online.

If the subscription is oversubscribed, then Beezaasan Explotech IPO GMP might rise in the coming days. Beezaasan Explotech IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% to 15% or above, then the possibility of the oversubscription increases.

However, if the Live IPO GMP quotes are below 10% premium, then most investors tend to lose interest in applying for the IPO and the probability of the under-subscription increases. Here, in the Beezaasan Explotech IPO, GMP is expected to quote the initial ticks at a premium of 10% or above.

Beezaasan Explotech IPO Price Band

Beezaasan Explotech IPO price band is Rs 165 to Rs 175 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,40,000 (175 x 800 shares). However, for the HNI category, the minimum investment amount required is 2,80,000 (175 x 1600 shares).

Beezaasan Explotech Allotment Status

Beezaasan Explotech IPO Allotment status will be available on its registrar Kfin Technologies Limited website on Thursday, February 27, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

Beezaasan Explotech Listing Date

Beezaasan Explotech IPO listing date has been decided on Monday, March 3, 2025. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Beezaasan Explotech IPO: Listing Date, Lot Size, Issue Size, Price Band

Beezaasan Explotech IPO: About the Company

Beezaasan Explotech Limited, established on August 21, 2013, initially operated as a private limited company before converting in to a public limited entity in July 2024. Based in Gandhinagar, Gujarat, the company specialises in manufacturing a diverse range of explosives, including slurry and emulsion explosives, as well as detonating fuses. 

With over 60 years of cumulative industry experience, Beezaasan Explotech has developed a reputation for delivering high-quality products tailored to sectors such as mining, construction, and defense.

The company emphasises safety and innovation, holding multiple ISO certifications for quality and environmental management. Its commitment to sustainable practices is evident through its ZED Bronze Certification under the MSME Sustainable Certification Scheme. 

As it continues to expand its manufacturing capabilities, Beezaasan Explotech is poised to meet the growing demands of the explosive industry while maintaining a focus on customer satisfaction and operational excellence.

Beezaasan Explotech IPO Objectives

Beezaasan Explotech IPO's objective is to utilize the net proceeds for expanding its existing manufacturing unit at Bhanthala, Mahisagar, Gujarat, through civil construction and the purchase of plant and machinery for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant, and Detonating Fuse Plant. Furthermore, the funds will be allocated for constructing an additional magazine (storage) facility at Felsani, Gujarat, purchasing a commercial vehicle, repaying or prepaying borrowings, and general corporate purposes.

Beezaasan Explotech IPO: Key Dates, Allotment, Listing Date

Beezaasan Explotech IPO Subscription status, IPO Reservation

Beezaasan Explotech IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved.

Beezaasan Explotech IPO Lot Size Details

Beezaasan Explotech IPO lot size is set at 800 shares per lot. The minimum amount required for retail investors to participate in this IPO is Rs 1,40,000 (175 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (175 x 1600 shares).

Beezaasan Explotech IPO Promoter Holdings

Beezaasan Explotech IPO promoters are Mr Navneetkumar Radheshyam Somani, Mr Sunilkumar Radheshyam Somani, and Mr Rajan Sunilkumar Somani, M/s. Navneet R Somani HUF and M/s. Sunil R Somani HUF. The promoter's combined shareholdings before the IPO was 96.02%; however, post-IPO, their shareholdings will decline to 70.57%.

Beezaasan Explotech Limited Financials (Amt in Rs Cr)

Lead Manager and Registrar of Beezaasan Explotech IPO

Beezaasan Explotech's lead manager is Smart Horizon Capital Advisors Private Limited. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

How to apply to the Beezaasan Explotech IPO

Interested investors who want to apply to the Beezaasan Explotech IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

Beezaasan Explotech IPO FAQs

1. What are the core details available of the Beezaasan Explotech IPO?

Beezaasan Explotech IPO is a book-built issue worth up to Rs 59.93 crores. The price band for this IPO is Rs 165 to Rs 175 per share. This upcoming IPO is offering entirely a fresh issue of up to 34.25 lakh equity shares.

2. What is the Beezaasan Explotech IPO open date and close date?

Beezaasan Explotech IPO subscription opens on February 21, 2025, and closes on February 25, 2025.

3. What is Beezaasan Explotech IPO GMP Live?

Beezaasan Explotech IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 175 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

Beezaasan Explotech IPO Allotment status is available on its registrar, Kfin Technologies Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers of Beezaasan Explotech IPO?

Beezaasan Explotech's IPO lead manager is Smart Horizon Capital Advisors Private Limited. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

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