Incorporated in August 2013, Beezaasan Explotech Limited specializes in the manufacturing and supply of a wide range of explosives and explosive accessories. The company primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives, catering to industries such as cement, mining, and defence. Its manufacturing facility, located in Gujarat, is equipped with 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. Beezaasan Explotech’s product portfolio focuses on chemical explosives, ensuring high-quality standards for its clients.
The Beezaasan Explotech IPO is a book-built issue of Rs. 59.93 crores, consisting entirely of a fresh issue of 34.25 lakh shares. The IPO subscription window opened on February 21, 2025, and will close on February 25, 2025. The allotment of shares is expected to be finalized by Thursday, February 27, 2025, with a tentative listing date on the BSE SME platform set for Monday, March 3, 2025.
The IPO price band is set between ₹165 to ₹175 per share. The minimum lot size for retail investors is 800 shares, requiring an investment of ₹1,32,000. However, investors are advised to bid at the cut-off price (approximately ₹1,40,000) to avoid potential oversubscription scenarios. For High Net-Worth Individuals (HNIs), the minimum investment is 2 lots (1,600 shares), amounting to ₹2,80,000.
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 | Approx ₹59.93 Crores |
| Fresh Issue | Approx ₹59.93 Crores |
| 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 Dates
The Beezaasan Explotech IPO will open for subscription on February 21, 2025, and the bidding window will remain active until February 25, 2025. Investors can participate in the IPO during this period.
| IPO Open Date | Fri, Feb 21, 2025 |
| IPO Close Date | Tue, Feb 25, 2025 |
| Tentative Allotment | Thu, Feb 27, 2025 |
| Refunds | Fri, Feb 28, 2025 |
| Credit of Shares to Demat | Fri, Feb 28, 2025 |
| IPO Listing Date | Mon, Mar 3, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on February 25, 2025 |
Beezaasan Explotech IPO Market Lot
The Beezaasan Explotech IPO requires a minimum market lot of 800 shares, with an application amount of ₹1,40,000 for retail investors.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹1,40,000 |
| Retail Maximum | 1 | 800 | ₹1,40,000 |
| S-HNI Minimum | 2 | 1,600 | ₹2,80,000 |
