February 21, 2025
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What was the last grey market premium of beezaasan Explotech IPO?
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Subscription status of beezaasan Explotech IPO
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beezaasan Explotech IPO Price Rs. 175 Lot 800 shares, Rs. ? Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Beezaasan Explotech?
The company deals in manufacturing and supplying a wide array of Explosives and Explosive accessories covering mainly cartridge explosives which includes Slurry Explosives, Emulsion Explosives and Detonating Fuse. Its Products are manufactured using mixture of nitrate, catering to diverse requirements. Through the expertise of its promoters in diversified field application knowledge, it has designed products that meet the stringent requirements of varied Industries which includes cement industry, mining industry and defence industry. it also supplies to Border Roads Organization and Public Sector Undertakings as well. The company has manufacturing units with the technologically equipped Quality Assurance Systems which ensures high standard of inputs and outgoing products.
It has a licensed capacity of 45,000 Metric Ton for manufacturing Slurry Explosives with licensed premises which includes Slurry Explosives Manufacturing plant, 1 Raw Material Stores, 1 Aluminium Store, 1 Blasting Shelter, 1 Destruction yard, 1 Q.C. Lab, 1 Testing Area with connected facilities, 11,400 Metric Ton for Emulsion Explosives with licensed premises which includes Emulsion Explosives Manufacturing Plant 1 & 2 with connected facilities and 51 million Mtrs for Detonating Fuse with licensed premises which includes 1 transit sheds, 1 spinning buildings, 1PETN drying with connected facilities. In authorizing the product in the explosives industry, it needs a lab trial certificate in the presence of a PESO Officer at the manufacturing premises and the same is sent to Nagpur PESO Head-quarters for final testing.
To manage its sales on PAN India basis, we have a dedicated Sales team.
The major raw material which is used in manufacturing explosives is Ammonium Nitrate. This is procured mainly from Public Sector Undertakings. The price of its major raw material is very volatile and can fluctuate but we as a company try to keep a reserve of its raw material. To store the said raw material in an appropriate storage facility, it has obtained the requisite license, since every such purchase of the raw material is being monitored by PESO (Petroleum Explosive Safety Organisation) to average out the price so that our customer can be assured of prices of the finished products.
Get more information about the company @ http://www.beezaasan.com/
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Beezaasan Explotech IPO Details |
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| IPO opens on | 21 February 2025 |
| IPO closes on | 25 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3424800 Shares / Rs 59.93 Crore |
| * Fresh Issue | 3424800 Shares / Rs 59.93 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 176000 Shares |
| Net offer to Public | 3248800 Shares/ Rs 56.85 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 165-175 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1624400 | 28.43 |
| HNI (15%) | 487320 | 8.52 |
| RII (35%) | 1137080 | 19.90 |
| Total Shares | 3248800 | 56.85 |
| Retail portion will be oversubscribed by |
1421 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.140000 |
| Min HNI Application | 1600 Shares | Rs. 280000 |
Who are the Promoters of Beezaasan Explotech?
THE PROMOTERS OF OUR COMPANY ARE MR. NAVNEETKUMAR RADHESHYAM SOMANI, MR. SUNILKUMAR RADHESHYAM SOMANI, MR. RAJAN SUNILKUMAR SOMANI, M/S. NAVNEET R SOMANI HUF AND M/S. SUNIL R. SOMANI HUF
What are the Objects of Beezaasan Explotech IPO?
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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.
Tentative timetable |
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| IPO opens on | 21 February 2025 |
| IPO Closes on | 25 February 2025 |
| IPO Allotment on | 27 February 2025 |
| Refund Initiation | 28 February 2025 |
| Credit of Shares | 28 February 2025 |
| Listing on | 03 March 2025 |
| Registered Office of the Company Beezaasan Explotech Limited 5th Floor, 511, Pramukh Tangent Complex Pramukh Tangent Complex, Sargasan Cross Road S.G. Highway, Gandhinagar, -382421 |
| Who is the Lead Manager of this IPO? Smart Horizon Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? |
Beezaasan Explotech IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Beezaasan Explotech IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 140.95 | 2.74 | 4.13 | 26.24 |
| 2022-23 | 227.92 | 2.94 | 3.98 | 20.48 |
| 2023-24 | 186.36 | 4.87 | 6.04 | 20.89 |
| Book Value of the Share on 30.06.2024 |
28.94 | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 175 | ||
Key Performance
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| Price/EPS of 23-24 | 28.97 |
| Price/BV Ratio | 6.05 |
| Debt/Equity Ratio | ? |
How Beezaasan Explotech IPO compares with the Peers?
| As per RHP | FV | PE | RoNW |
| Ratio | Ratio | ||
| Beezaasan Explotech | 28.97 | 20.89 | |
| Premier Explosives | 73.57 | 12.91 | |
| Solar Industries | 95.43 | 26.48 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Beezaasan Explotech IPO Review by Paresh Gordhandas, CA & Research Analyst.
The company specializes in the manufacturing and supply of a diverse range of explosives and related accessories, with a primary focus on cartridge explosives, including Slurry Explosives, Emulsion Explosives, and Detonating Fuse. These products are crafted using a mixture of nitrates to meet various industry needs. Drawing on the extensive expertise of its promoters in diverse field applications, the company has developed products that satisfy the stringent demands of multiple sectors, including cement, mining, and defense.
The IPO being offered is relatively large, with 1137,080 shares available for retail investors. In contrast, the HNI portion is limited to 487320 shares. Due to a recent sharp decline in the Sensex over the past few weeks, investor sentiment for the IPO has weakened, reducing the likelihood of a massive oversubscription.
The company boasts a robust business with a consistent and positive trend in both its top and bottom lines. The shares in this IPO are priced attractively when compared to the valuations of its peer group companies. An analysis of the financial data reveals no signs of profit manipulation, which is a positive indication for potential investors.
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