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15 Days Price Change

Beezaasan Explotech IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 165  to  175 per share
Profile
Min Investment ₹175
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Beezaasan Explotech Limited, established on August 21, 2013, as a private limited company, specializes in manufacturing and supplying a diverse range of explosives and explosive accessories, including Slurry Explosives, Emulsion Explosives, and Detonating Fuse. These products cater to industries such as cement, mining, and defense, as well as government organizations like the Border Roads Organization and Public Sector Undertakings. In 2018, the company obtained a license from the Petroleum & Explosives Safety Organization (PESO) for manufacturing Slurry Explosives, followed by a Factory license in 2019. In 2021, it secured another license from PESO for manufacturing Emulsion Explosives. By 2022, Beezaasan Explotech achieved ISO 9001:2015 certification, underscoring its commitment to quality management standards. Read More

Basic Info

Face Value 10 per share

Price 165  to  175 per share

P/E (x) 13.1

Sales( Cr.) 215

PAT( Cr.) 14

EPS 13.4

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

Mr Navneetkumar Radheshyam Somani Mr Sunilkumar Radheshyam Somani Mr Rajan Sunilkumar Somani M/s. Navneet R Somani HUF

Pre Issue Share Holding 100%

Post Issue Share Holding 66.96%

Listing Details:

Listing Price: 146

Listing Gain: -19.86%

Current Price: 262

Gain On Issue: 262 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 21, 2025
Closing Date Feb 25, 2025
Allotment Feb 26, 2025
Refund Feb 27, 2025
Delivery of Shares Feb 27, 2025
Listing Date Feb 28, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 140,000
Retail (Max) 1 800 140,000
S-HNI (Min) 2 1600 280,000
S-HNI (Max) 7 5600 980,000
B-HNI (Min) 8 6400 1,120,000

Objective of the Issue

1. 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. 2. Funding of Capital expenditure towards the purchase of Plant and machinery for Expansion of 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. 3. 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. 4. Purchase of Commercial Vehicle. 5. Repayment/prepayment of all or certain of the borrowings availed of by the Company. 6. General corporate purpose

Issue

Category Nos Bid Bid (x)
QIB 1712400 19726848 11.5x
NII 513720 2388798 4.7x
Retail 1198680 2709017 2.3x
EMP 0 0 0x
Total 3424800 18596664 5.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Beezaasan Explotech Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 141 228 188 215
Other Income 1 1 0 1
Total Income 142 229 188 216
Total Expenditure 135 220 176 192
Operating Profit 7 9 12 25
Interest 2 3 3 4
Depreciation 1 2 2 3
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 4 4 7 18
Provision for Tax 1 1 2 4
Profit After Tax 3 3 5 14
Adjustments 0 0 -0 -1
Profit After Adjustments 3 3 5 13
Adjusted Earnings Per Share 4.1 4 5.4 10.2

Beezaasan Explotech Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 11 14 24 97
Minority's Interest 0 0 0 1
Borrowings 12 13 13 13
Other Non-Current Liabilities 1 2 1 2
Total Current Liabilities 18 33 33 18
Total Liabilities 42 62 71 131
Fixed Assets 19 24 32 37
Other Non-Current Assets 0 6 4 30
Total Current Assets 23 32 34 62
Total Assets 42 62 71 131

Beezaasan Explotech Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 7 3
Cash Flow from Operating Activities -1 2 7 5
Cash Flow from Investing Activities -5 -10 -9 -35
Cash Flow from Financing Activities 6 14 -2 48
Net Cash Inflow / Outflow 0 7 -4 18
Closing Cash & Cash Equivalent 0 7 3 20

Beezaasan Explotech Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.06 3.98 5.38 10.16
CEPS(Rs) 6.01 6.04 7.65 12.8
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 15.48 19.42 24.85 72.98
Core EBITDA Margin(%) 4.1 3.45 6.53 10.87
EBIT Margin(%) 3.85 3.33 5.42 10.3
Pre Tax Margin(%) 2.68 1.84 3.57 8.56
PAT Margin (%) 1.95 1.29 2.73 6.47
Cash Profit Margin (%) 2.88 1.96 3.87 7.69
ROA(%) 6.48 5.65 7.77 13.8
ROE(%) 26.24 23.69 27.07 23.6
ROCE(%) 15.34 16.32 17.21 24.66
Receivable days 28.26 17.34 16.99 11.05
Inventory Days 29.44 20.37 33.06 38.65
Payable days 12.66 5.17 3.6 1.9
PER(x) 0 0 0 17.35
Price/Book(x) 0 0 0 2.42
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.21 0.19 0.23 1.08
EV/Core EBITDA(x) 4.5 4.8 3.57 9.36
Net Sales Growth(%) 0 61.7 -17.58 14.45
EBIT Growth(%) 0 39.91 34.33 117.48
PAT Growth(%) 0 7.04 74.91 170.93
EPS Growth(%) 0 -2.14 35.43 88.61
Debt/Equity(x) 2.29 3.02 1.57 0.26
Current Ratio(x) 1.28 0.97 1.04 3.45
Quick Ratio(x) 0.64 0.54 0.43 2.03
Interest Cover(x) 3.3 2.24 2.92 5.9
Total Debt/Mcap(x) 0 0 0 0.11

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 15% 0% 0%
Operating Profit CAGR 108% 53% 0% 0%
PAT CAGR 180% 67% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% NA% NA% NA%
ROE Average 24% 25% 25% 25%
ROCE Average 25% 19% 18% 18%

Company Contact Information

Beezaasan Explotech Ltd.

7th Floor, Office No. 701-706 Swagat Twin City Highstreet & Swagat Kingsland Swagat Blossom Road, Sargasan

IPO Lead Manager(s)

Beezaasan Explotech Ltd.

Smart Horizon Capital Advisors Pvt Ltd.

Registrar Info

Beezaasan Explotech Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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