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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹59.93 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹59.93 Cr |
| Fresh Issue | ₹56.85 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹165.00-175.00 per share |
| Discount | Retail: 0.00,Employee: 0.00,ShareHolder: 0.00 |
| BSE Code | 544369 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 800 shares and in multiples thereof
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives.
The company is primarily involved in the manufacturing of explosives and explosives accessories used in the cement, mining, and defence industries.
The company focuses on producing high-quality cartridge explosives, which include slurry explosives, emulsion explosives, and detonating explosives.
The company's manufacturing facility is situated in Gujrat. The company's explosive manufacturing units hold multiple quality certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management.
The company's product portfolio consists of chemical explosives.
As of 31 March 2024, the company has a PAN India presence, with the client base spanning 11 states and 2 Union territories for its domestic market.
As of September 30, 2024, the company employed 188 people at its Manufacturing Plant, corporate office, and Registered Office.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Capital expenditure towards civil construction required for Expansion of existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat | 3.87 |
| 2 | Funding of Capital expenditure towards purchase of Plant and Machineries for Expansion of existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat | 23.04 |
| 3 | Funding of Capital expenditure towards civil construction required for Expansion of additional magazine (Storage) facility required for Emulsion Cartridge Explosives and Detonating Fuse at the existing location situated at Felsani, Gujarat | 2.03 |
| 4 | Purchase of Commercial Vehicle | 1.44 |
| 5 | Repayment/prepayment of all or certain of borrowings availed of by Company | 18.00 |
| 6 | General Corporate Purposes | 3.95 |
| 7 | Issue Expenses | 7.60 |
| Total | 59.93 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 82.09 | 68.99 | 61.63 | 42.30 |
| Total Income | 101.44 | 187.90 | 229.17 | 141.91 |
| Profit After Tax | 8.33 | 4.87 | 2.94 | 2.74 |
| NET Worth | 31.12 | 23.20 | 14.34 | 10.45 |
| Reserves and Surplus | 21.63 | 13.70 | 6.95 | 3.70 |
| Total Borrowing | 39.66 | 36.94 | 43.29 | 23.93 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.93% |
| ROCE | 16.20% |
| Debt / Equity | 1.59% |
| RoNW | 20.89% |
| PAT Margin | 2.61% |
| Price to Book Value | 6.05 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.12 | 12.89 |
| P/E (x) | 34.15 | 13.57 |
| Promoter Holding | 96.02% | 70.57% |
| Market Cap | ₹226.12 Cr. | |
