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Objective of the Issue
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 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.
IPO Details, Price, Market Lot
| Beezaasan Explotech SME IPO Details | |
| IPO Open Date | 21 February 2025 |
| IPO Close Date | 25 February 2025 |
| IPO Issue Size | 34,24,800 shares (Aggregating up to ₹59.93 Cr) |
| Fresh Issue | 34,24,800 shares (Aggregating up to ₹59.93 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35% of the offer |
| NII Portion | Not less than 15% of the offer |
| QIB Portion | Not more than 50% of the offer |
| Listing At | BSE SME |
| Beezaasan Explotech SME IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹165 to ₹175 Per Share |
| IPO Issue Type | Book Built Issue |
| Beezaasan Explotech SME IPO Time Table (Tentative) | |
| IPO Open Date | 21 February 2025 |
| IPO Close Date | 25 February 2025 |
| Basis of Allotment Date | 27 February 2025 |
| Initiation of Refunds | 28 February 2025 |
| Credit of Share to Demat Account | 28 February 2025 |
| IPO Listing Date | 3 March 2025 |
| Beezaasan Explotech’s Promotor & Promotor’s Holding | |
| Mr Navneetkumar Radheshyam Somani, Mr Sunilkumar Radheshyam Somani, and Mr Rajan Sunilkumar Somani, M/s. Navneet R Somani HUF and M/s. Sunil R Somani HUF are the promoter of the company. | |
| Pre Issue Promotor Holding | 96.02% |
| Post Issue Promotor Holding | 70.57% |
| Beezaasan Explotech Contact & Address | |
| Beezaasan Explotech Limited 5th Floor, 511, Pramukh Tangent Complex, Pramukh Tangent Complex, Sargasan Cross Road, S.G. Highway, Gandhinagar, -382421 Phone: +91 6359607701 Email: investors@beezaasan.in Website: https://www.beezaasan.com/ |
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| Beezaasan Explotech SME IPO Registrar, Lead Manager, Prospectus | |
| Beezaasan Explotech SME IPO Prospectus | |
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| Beezaasan Explotech SME IPO Registrar | |
| Kfin Technologies Limited | |
| Beezaasan Explotech SME IPO Lead Manager | |
| Smart Horizon Capital Advisors Private Limited | |
Beezaasan Explotech SME IPO Lot Size
| Number of Shares Per Lot = 800 Shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | 1 | 800 | ₹1,40,000 |
| Retail (Maximum) | 1 | 800 | ₹1,40,000 |
| HNI (Minimum) | 2 | 1600 |
₹2,80,000 |
| Number of Shares Per Lot = 800 Shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹1,40,000 |
| Retail (Max) | 1 | 800 | ₹1,40,000 |
| HNI (Mini) | 2 | 1600 | ₹2,80,000 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 September 2024 | 8,209.06 | 10,144.44 | 832.86 | 3,112.22 | 3965.71 |
| 31 March 2024 | 6,899.07 | 18,789.64 | 486.62 | 2,319.71 | 3693.67 |
| 31 March 2023 | 6,162.77 | 22,917.41 | 293.57 | 1,433.76 | 4329.08 |
| 31 March 2022 | 4,230.21 | 14,190.54 | 274.25 | 1,045.19 | 2392.74 |
| Period Ended | 30 Sept. 2024 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 8,209.06 | 6,899.07 | 6,162.77 | 4,230.21 |
| Revenue | 10,144.44 | 18,789.64 | 22,917.41 | 14,190.54 |
| P A T | 832.86 | 486.62 | 293.57 | 274.25 |
| Net Worth | 3,112.22 | 2,319.71 | 1,433.76 | 1,045.19 |
| Borrowings | 3965.71 | 3693.67 | 4329.08 | 2392.74 |
| Amount in ₹ Lakh | ||||