Beezaasan Explotech SME IPO Details, Financials, Valuation & Peers
Explore Beezaasan Explotech IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Beezaasan Explotech Limited is a manufacturer and supplier of explosives and explosive accessories, specializing in cartridge explosives like slurry explosives, emulsion explosives, and detonating fuse. Established in 2013, the company has built a strong reputation for providing high-quality products tailored to the specific needs of industries such as mining, cement, and defense. Beezaasan also supplies its products to government organizations like the Border Roads Organization and various Public Sector Undertakings. With advanced manufacturing facilities in Mahisagar District, Gujarat, the company ensures strict quality and safety standards, regulated by the Petroleum Explosive Safety Organization (PESO). Beezaasan’s operations are supported by experienced promoters with over 17 years of industry expertise and hold multiple ISO certifications, ensuring high standards in product quality, environmental responsibility, and workplace safety.
Key Points:
- Product Range: The company manufactures a wide range of explosives, including slurry explosives, emulsion explosives, and detonating fuse, catering to various industrial applications.
- Industry Applications: Beezaasan supplies explosives to sectors like mining, cement, defense, and infrastructure projects, including the Border Roads Organization and Public Sector Undertakings.
- Manufacturing Facilities: The company operates advanced production units in Mahisagar District, Gujarat, equipped with modern machinery and quality assurance systems to ensure consistent product quality.
- Production Capacity: Beezaasan has a licensed capacity of 45,000 metric tons for slurry explosives, 11,400 metric tons for emulsion explosives, and 51 million meters for detonating fuse.
- Quality and Safety Compliance: The company follows stringent safety protocols regulated by PESO and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health management.
- Raw Material Sourcing and Storage: Beezaasan procures key raw materials like ammonium nitrate from Public Sector Undertakings and maintains dedicated licensed storage facilities to ensure safety and supply consistency.
Objects of the Issue
- 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
- 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
- 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
- Purchase of Commercial Vehicle
- Repayment/prepayment of all or certain of the borrowings availed of by the Company
- General corporate purposes.
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 21 Feb - 25 Feb 2025 |
| IPO Price Band | ₹165 - ₹175 per share |
| Fresh Issue | 34,24,800 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹59.93 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 21 Feb 2025 |
| IPO Closing Date | 25 Feb 2025 |
| Basis Of Allotment | 27 Feb 2025 |
| Refunds | 28 Feb 2025 |
| Demat Transfer | 28 Feb 2025 |
| IPO Listing Date | 03 Mar 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 141.91 | 229.17 | 187.90 | 101.44 |
| Total Expenses | 138.13 | 224.98 | 181.38 | 90.36 |
| Net Profit/Loss | 2.74 | 2.94 | 4.87 | 8.33 |
| NPM (*) | 1.95 | 1.29 | 2.61 | 8.27 |
| Total Assets | 42.30 | 61.63 | 68.99 | 82.09 |
| Total Liabilities | 30.90 | 47.29 | 45.76 | 50.53 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 4.13 | 3.98 | 6.04 | 8.35 |
| ROE (%) | 32.05 | 23.69 | 25.93 | 30.67 |
| ROCE (%) | 15.42 | 12.90 | 16.20 | 17.79 |
| D/E Ratio | 2.29 | 3.02 | 1.59 | 1.27 |
| Current Ratio | 7.39 | 9.47 | 5.79 | 2.83 |
| EBITDA MARGIN (%) | 4.10 | 3.45 | 5.67 | 13.31 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Beezaasan Explotech Limited | 186.36 | 28.97 | 6.04 | 20.89 | 28.94 |
| Premier Explosives Limited | 271.72 | 73.57 | 5.27 | 12.91 | 40.95 |
| Solar Industries India Limited | 6,069.52 | 95.43 | 92.38 | 26.48 | 365.26 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 11.52 |
| Non-Institutional Investor (NII/HNI) | 4.65 |
| Retail Individual Investor (RII) | 2.26 |
| Total | 5.43 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. NAVNEETKUMAR RADHESHYAM SOMANI
- MR. SUNILKUMAR RADHESHYAM SOMANI
- MR. RAJAN SUNILKUMAR SOMANI
- M/S. NAVNEET R SOMANI HUF
- M/S. SUNIL R. SOMANI HUF
Lead Managers
- SMART HORIZON CAPITAL ADVISORS PRIVATE LIMITED (Formerly Known as Shreni Capital Advisors Private Limited)
Company Address
Beezaasan Explotech Limited
5th Floor, 511, Pramukh Tangent Complex, Sargasan Cross Road, S.G. Highway, Gandhinagar, Gujarat 382421, India.
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: www.beezaasan.com
FAQs
- What is the issue size of the Beezaasan Explotech SME IPO?The Beezaasan Explotech SME IPO has an issue size of ₹59.93 crore. This includes a fresh issue of 34,24,800 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Beezaasan Explotech IPO?The price band for the Beezaasan Explotech IPO is ₹165 - ₹175 per share.
- What are the bidding dates for the Beezaasan Explotech IPO?The Beezaasan Explotech IPO will open for bidding on 21 Feb 2025 and close on 25 Feb 2025.
- What is the allotment date for the Beezaasan Explotech IPO?The allotment date for the Beezaasan Explotech IPO is 27 Feb 2025.
- What is the minimum lot size and investment required for the Beezaasan Explotech IPO?The minimum lot size for the Beezaasan Explotech IPO is 800 shares and the minimum investment required is ₹1,40,000.
- What is the listing date for the Beezaasan Explotech IPO?The listing date for the Beezaasan Explotech IPO is 03 Mar 2025.
- What is the Beezaasan Explotech IPO grey market premium?The grey market premium (GMP) for the Beezaasan Explotech IPO is currently at ₹1, with an expected listing gain of approximately 0.57%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.