Beezaasan Explotech Ltd

Beezaasan Explotech Ltd IPO

IPO Price Range: ₹165 - 175

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.

Min Investment

₹1,40,000

IPO Size

₹59 Cr

IPO Status

Closed

Quantity in 1 Lot

800

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Beezaasan Explotech Ltd

passed
Open Date21 Feb 2025
passed
Close Date25 Feb 2025
passed
Allotment Date27 Feb 2025
passed
Listing Date3 Mar 2025

IPO subscribed over

🚀 3.6643x

This IPO has been subscribed by 2.2565x in retail and 11.5214x in QIB.

Subscription Rate

Total Subscription3.6643x
Retail Individual Investors2.2565x
Qualified Institutional Buyers11.5214x
Non Institutional Investors5.0131x

Key Statistics

Bid Opening DateBid Opening Date21 Feb 2025
Bid Closing DateBid Closing Date25 Feb 2025
Allotment DateAllotment Date27 Feb 2025
Issue SizeIssue Size₹59.93Cr
Quantity in 1 lotQuantity in 1 lot800

Strengths and Risks of Beezaasan Explotech Ltd IPO

Strengths

Strengths

  • 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

  • Quality products.


Risks

Risks

  • 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.

  • The company is highly dependent on certain key customers for a substantial portion of its revenues and the company does not have long term contracts with all of these customers. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.

  • The Restated Consolidated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

  • Manufacturing and supply of commercial explosives are subject to strict quality requirements and any failure to comply with quality standards may lead to cancellation of existing and future orders.

  • The company also operate on a tender based business. There are several inherent risks associated with a tender-based business which could affect its profit margins thereby materially affecting the company business and results of operations.

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.

Promoters Holding

Investors Holdings %
Naveenkumar Radheshyam Somani34.67%
Sunilkumar Radheshyam Somani34.5%
Rajan Sunilkumar Somani4.04%
Navneet R Somani HUF0%
Sunil R Somani HUF0%

Frequently Asked Questions of Beezaasan Explotech Ltd IPO

  • What is the size of the Beezaasan Explotech Ltd IPO?

    The size of the Beezaasan Explotech Ltd IPO is ₹59.93Cr .

  • What is 'pre-apply' for Beezaasan Explotech Ltd IPO?

    'Pre-apply' for Beezaasan Explotech Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Beezaasan Explotech Ltd IPO order be placed?

    Your Beezaasan Explotech Ltd IPO order will be placed on 21 Feb 2025.

  • What are the open and close dates of the Beezaasan Explotech Ltd IPO?

    The open and close dates of the Beezaasan Explotech Ltd IPO are 21 Feb 2025 to 25 Feb 2025.

  • What is the lot size and minimum order quantity of the Beezaasan Explotech Ltd IPO?

    The lot size and minimum order quantity of the Beezaasan Explotech Ltd IPO are 800 and 800 respectively.

  • What would be the listing gains on the Beezaasan Explotech Ltd IPO?

    The potential listing gains on the Beezaasan Explotech Ltd IPO will depend on various market factors and cannot be predicted with certainty.