Beezaasan Explotech SME IPO: Key Details, Subscription Dates, and Financial Insights
Beezaasan Explotech SME IPO : Beezaasan Explotech Limited is set to launch its SME IPO on February 21, 2025. With a price band fixed at Rs 165-175 per share, this IPO aims to raise Rs 59.93 crore. Investors will have the opportunity to subscribe until February 25, marking it as the second SME IPO to hit Dalal Street next week, alongside HP Telecom India.
Beezaasan Explotech IPO Details
The company will issue 34.24 lakh fresh equity shares worth Rs 59.93 crore through this IPO. Notably, there will be no Offer for Sale (OFS), ensuring that the entire proceeds from the IPO go directly to the company for growth and expansion. Smart Horizon Capital Advisors is the sole book-running lead manager for this IPO.
The share allotment for successful investors is expected on February 27, 2025, with trading on BSE SME set to begin from March 3, 2025. The public issue allocation is as follows:
- 50% reserved for Qualified Institutional Buyers (QIBs)
2. 15% reserved for Non-Institutional Investors (NIIs)
3. 35% reserved for Retail Investors
Utilization of IPO Proceeds
Beezaasan Explotech, a Gujarat-based manufacturer of explosives and explosive accessories, plans to use the funds for expanding its manufacturing unit in Mahisagar, Gujarat. The expansion includes:
1 . Enhancement of Emulsion Explosive-3 Plant
2 . Expansion of Emulsion Bulk Explosive Plant
3 . Expansion of Detonating Fuse Plant
Additionally, the funds will support:
1 . Development of an additional magazine (storage) facility for emulsion cartridge explosives and detonating fuses at Felsani, Gujarat
2. Purchase of commercial vehicles
3. Repayment of existing debt
4. General corporate purposes
Beezaasan Explotech’s Business and Financial Performance
Beezaasan Explotech specializes in manufacturing cartridge explosives, which are supplied to the cement, mining, and defense industries. The company operates a manufacturing facility in Gujarat.
Financial Highlights:
1. Profit After Tax (PAT): Rs 2.74 crore in FY22 → Rs 2.94 crore in FY23 → Rs 4.87 crore in FY24
2. Revenue: Rs 141.91 crore in FY22 → Rs 229.17 crore in FY23 → Rs 187.9 crore in FY24
Should You Invest?
With a strong market presence in the explosives industry and a clear expansion strategy, Beezaasan Explotech’s IPO presents an opportunity for investors. However, potential investors should consider market risks and consult financial experts before making any investment decisions.
Disclaimer: This article is for informational purposes only. Stock market investments are subject to market risks. Always consult a financial expert before making investment decisions.bindaasbola.com will not be responsible for any financial loss.
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