Beezaasan Explotech Limited

Company Name	Beezaasan Explotech Limited
Open Date	21-02-2025
Close Date	25-02-2025
Exchange	BSE SME
Lot Size	600 Shares
Issue Price	₹165 to ₹175 per share
Issue Size	34,24,800 shares
Application Amount	₹1,32,000
Recommendation	Neutral

Company Background – Incorporation: Incorporated in August 2003. The company’s registered office is located at Gandhinagar, Gujrat. Business Activity: 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. Revenue Stream: FY24: FY24: Slurry Explosives product 70.8% of total revenue, with Gujarat contributing 47.58% of total revenue. Order Book as of Dec 24: 18.10 Cr. Human Resource: As of September 30, 2024, the company employed 185 people at its Manufacturing Plant, corporate office, and Registered Office

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Financial Summary in Lakhs

For the Period Ended	Mar-22	Mar-23	Mar-24	Sep-24
Revenue	14,094.90	22,791.80	18,635.85	10,068.72
EBITDA	577.64	785.39	1,057.21	1,340.33
Net Profit	274.26	293.56	486.62	832.88
RoCE	18.22%	22.15%	22.57%	22.42%*
ROE	26.24%	20.47%	20.98%	16.76%*
P/E	42.37	43.97	28.97	13.57*

Tentative Timeline

Opening Date	21-02-2025
Closing Date	25-02-2025
Basis of Allotment	27-02-2025
Initiation of Refunds	28-02-2025
Credit of Shares to Demat	28-02-2025
Listing Date	03-03-2025

Objects of the Issue

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;

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;

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;

Purchase of Commercial Vehicle;

Repayment/prepayment of all or certain of the borrowings availed of by the Company

General Corporate Purposes

Contact Information

Registered Office	Beezaasan Explotech Limited 5th Floor, 511, Pramukh Tangent Complex Pramukh Tangent Complex, Sargasan Cross Road S.G. Highway, Gandhinagar, -382421
Phone	+91 6359607701
Email	investors@beezaasan.in
Website	http://www.beezaasan.com/

IPO Reservation

Anchor Investor Shares Offered	9,68,000 (28.26%)
Market Maker Shares Offered	1,76,000 (5.14%)
QIB Shares Offered	6,53,600 (19.08%)
Retail Shares Offered	11,38,400 (33.24%)
NII (HNI) Shares Offered	4,88,800 (14.27%)

Shareholding Pattern

Shareholding Pre Issue (Promoters)	96.02%
Shareholding Post Issue (Promoters)	70.57%