BEEZAASAN EXPLOTECH LIMITED

21 Feb 2025 - 25 Feb 2025 Individual Category SME BSE

Min Investment

₹140000

Price Band

₹165-₹175

Issue Size

34.25 lakhs
Equity Shares

Lot Size

800

IPO Dates
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21 Feb 2025

Open Date

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25 Feb 2025

Close Date

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27 Feb 2025

Allotment Date

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03 Mar 2025

Listing Date

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 34.25 lakhs Equity Shares. 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.

Know Before Investing

Strengths icon

  • Comprehensive explosive product range serving multiple industries.
  • Strong nationwide presence across 11 states and territories.
  • ISO-certified manufacturing facilities with quality management systems.

Weaknesses icon

  • Manufacturing facilities concentrated only in Gujarat state.
  • Small workforce of 188 employees for nationwide operations.
  • Limited operational history since 2013 in specialised sector.

About Beezaasan Explotech Limited

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.

Founded

2013

Managing Director

Navneetkumar Radheshyam Somani

Parent Organization

-

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.

Company Promoters

Navneetkumar Radheshyam Somani

Sunilkumar Radheshyam Somani

Rajan Sunilkumar Somani

Navneet R Somani HUF

M/s Sunil R Somani HUF

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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