Beezaasan Explotech IPO is a book-built issue worth ₹59.93 crores, consisting entirely of a fresh issue of 34.25 lakh shares.
The IPO will open for subscription on February 21, 2025, and close on February 25, 2025. The allotment is expected to be finalized on February 27, 2025, with the listing scheduled on BSE SME on March 3, 2025.
The price band for Beezaasan Explotech IPO is set between ₹165 and ₹175 per share. The minimum lot size for retail investors is 800 shares, requiring an investment of ₹1,32,000. However, to mitigate the risk of oversubscription, investors are advised to bid at the cutoff price, which would amount to approximately ₹1,40,000. For High Net-worth Individuals (HNIs), the minimum investment is 2 lots (1,600 shares), totaling ₹2,80,000.
The Red Herring Prospectus (RHP) for Beezaasan Explotech Limited’s IPO RHP provides comprehensive details about the company’s operations, financials, and the specifics of the IPO.
Beezaasan Explotech IPO Details
| IPO Date | February 21, 2025 to February 25, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹165 to ₹175 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
| Fresh Issue | 34,24,800 shares (aggregating up to ₹59.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 94,96,333 shares |
| Share Holding Post Issue | 1,29,21,133 shares |
Beezaasan Explotech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Beezaasan Explotech IPO Anchor Investors Details
Beezaasan Explotech IPO has raised ₹16.94 crores from anchor investors ahead of its public issue. The anchor investor bidding date is set for February 20, 2025.
| Bid Date | February 20, 2025 |
| Shares Offered | 9,68,000 |
| Anchor Portion Size (In Cr.) | 16.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 28, 2025 |
Beezaasan Explotech IPO Timeline
Beezaasan Explotech IPO will open for subscription on February 21, 2025, and close on February 25, 2025.
| IPO Open Date | Fri, Feb 21, 2025 |
| IPO Close Date | Tue, Feb 25, 2025 |
| Tentative Allotment | Thu, Feb 27, 2025 |
| Initiation of Refunds | Fri, Feb 28, 2025 |
| Credit of Shares to Demat | Fri, Feb 28, 2025 |
| Tentative Listing Date | Mon, Mar 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 25, 2025 |
Beezaasan Explotech IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereafter. The table below outlines the minimum and maximum investment requirements for retail investors and HNIs in terms of shares and investment amount:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,40,000 |
| Retail (Max) | 1 | 800 | ₹1,40,000 |
| HNI (Min) | 2 | 1,600 | ₹2,80,000 |
About Beezaasan Explotech Limited
Incorporated in August 2013, Beezaasan Explotech Limited specializes in the manufacturing and supply of explosives and explosive accessories. The company primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives.
Beezaasan Explotech serves industries such as cement, mining, and defense, focusing on delivering high-quality explosive solutions.
Its manufacturing facility, located in Gujarat, is equipped with multiple quality certifications, including:
- ISO 9001:2015 – Quality Management Systems
- ISO 14001:2015 – Environmental Management
- ISO 45001:2018 – Occupational Health and Safety Management
Frequently Asked Questions (FAQs)
What is the Beezaasan Explotech IPO size?
The IPO is a book-built issue worth ₹59.93 crores, consisting entirely of a fresh issue of 34.25 lakh shares
When will the Beezaasan Explotech IPO open and close?
The IPO will be open for subscription from February 21, 2025, to February 25, 2025.
What is the price band for Beezaasan Explotech IPO?
The price band is set at ₹165 to ₹175 per share
What is the minimum investment required for retail investors?
Retail investors must apply for at least 800 shares, requiring an investment of ₹1,32,000 to ₹1,40,000 (depending on the bidding price).
What is the minimum investment required for HNIs?
HNIs need to apply for a minimum of 1,600 shares (2 lots), amounting to ₹2,80,000
When will the Beezaasan Explotech IPO allotment be finalized?
The allotment is expected to be finalized on February 27, 2025
When will Beezaasan Explotech IPO be listed?
The tentative listing date is March 3, 2025, on the BSE SME exchange.
Has Beezaasan Explotech raised funds from anchor investors?
Yes, the company raised ₹16.94 crores from anchor investors on February 20, 2025.
Which industries does Beezaasan Explotech cater to
The company serves the cement, mining, and defense industries.
