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Beezaasan Explotech IPO
Price Band
₹165.0–175.0
Issue Size
₹59.93 Cr
Lot Size
800 shares
Min Investment
₹140,000
GMP
+₹1.0 (0.57%)
Issue Price
₹175.0
Subject to Sauda
₹600
Paid only if allotted
Beezaasan Explotech IPO AI Summary
- Beezaasan Explotech IPO is listed on BSE SME.
- Price band: ₹165.0–₹175.0 per share, lot size 800 shares (min. investment ₹140,000).
- Subscription window: 21 Feb–25 Feb 2025, listing on 03 Mar 2025.
- Current GMP is +₹1.0 (0.57%), an estimated listing price of ₹176 — unofficial and can change daily.
Beezaasan Explotech Limited is set to offer its shares to the public with a focus on expanding its manufacturing capabilities in the explosives sector. With a competitive pricing strategy and a solid operational foundation, the company aims to attract investors looking for growth opportunities in this niche market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Beezaasan Explotech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Beezaasan Explotech IPO Grey Market Premium (GMP) Today
GMP
+₹1.0
GMP %
+0.57%
Est. Listing
₹176.0
Updated: 25 Jul 2026 14:30
About the Company
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 One-Stop Solution for Explosives Product. Long Standing Relationship with key Customers & Supplier. Experienced Management team. Continuous focus on developing novel and innovative products.
Company Financials (₹ Cr)
As of 2024-09-30
| 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 |
Key Ratios
EPS
₹5.12
NAV
₹28.94
ROE
25.93%
ROCE
16.20%
RoNW
20.89%
P/B Value
6.05
P/E Ratio
34.15
Market Cap
₹226.12 Cr
PAT Margin
2.61%
Debt/Equity
1.59
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Solar Industries India Ltd. | 365.26 | 26.48% | 95.43 | 92.38 | 92.38 |
| Premier Explosives Ltd. | 40.95 | 12.91% | 73.57 | 5.27 | 5.27 |
| Beezaasan Explotech Limited This IPO | 28.94 | 20.89% | 34.15 | 6.04 | 6.04 |
Promoters
Navneetkumar Radheshyam Somani, Sunilkumar Radheshyam Somani, Rajan Sunilkumar Somani, Navneet R Somani (HUF) and Sunil R Somani (HUF)
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹141.91 Cr in the year ending 31 Mar 2022, rising to ₹229.17 Cr by 31 Mar 2023. However, it decreased to ₹187.90 Cr in the year ending 31 Mar 2024, and further declined to ₹101.44 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹2.74 Cr in the year ending 31 Mar 2022, increasing to ₹2.94 Cr by 31 Mar 2023. It then rose to ₹4.87 Cr in the year ending 31 Mar 2024, and further increased to ₹8.33 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Beezaasan Explotech Limited's implied P/E at the issue price is 34.15, compared to peers trading at P/E ratios of 73.57 to 95.43.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, where shares are traded before they are officially listed on the stock exchange. A positive GMP indicates higher demand, while a negative GMP suggests lower demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors with a low risk appetite or those seeking guaranteed returns may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on February 21, 2025, and closes on February 25, 2025. Allotment of shares will occur on February 27, 2025, with the listing date set for March 3, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make by selling shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Beezaasan Explotech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Beezaasan Explotech IPO GMP today?
Beezaasan Explotech IPO GMP today is +₹1.0 (0.57%), indicating an estimated listing price of ₹176. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Beezaasan Explotech IPO?
The price band of Beezaasan Explotech IPO is ₹165.0–₹175.0 per share.
When does Beezaasan Explotech IPO open and close?
Beezaasan Explotech IPO opens on 21 February 2025 and closes on 25 February 2025.
When does Beezaasan Explotech IPO list on the stock exchange?
Beezaasan Explotech IPO listed on 03 March 2025 at ₹176.0.
What is the lot size for Beezaasan Explotech IPO?
The lot size for Beezaasan Explotech IPO is 800 shares, requiring a minimum investment of ₹140,000.
What is the price band for the IPO?
The price band for the IPO is ₹165.0 to ₹175.0.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the lot size for this IPO?
The lot size for this IPO is 800 shares.
When does the IPO open and close?
The IPO opens on February 21, 2025, and closes on February 25, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Feb 2025
Close
25 Feb 2025
Allotment
27 Feb 2025
Listing
03 Mar 2025
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