31 Mar 2022
Assets42.30
Total Income141.91
Profit After Tax2.74
NET Worth10.45
Reserves and Surplus3.70
Total Borrowing23.93
At a glance
Updated 2026-09-12Beezaasan Explotech is a SME IPO with an issue size of ₹59.93 crore, proposed for listing on BSE SME. The offer opens on 21st Feb 2025 and closes on 25th Feb 2025. The issue structure includes a fresh issue of ₹56.85 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹59.93 Cr
Fresh issue₹56.85 Cr
Face value₹10
Price band₹165.00–₹175.00
Allotment27th Feb 2025
Listing3rd Mar 2025
Grey market
GMP page ↗Latest GMP₹1.00
GMP / upper price0.57%
Est. listing₹176.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens21st Feb 2025
Closes25th Feb 2025
Allotment27th Feb 2025
Refund28th Feb 2025
Demat28th Feb 2025
Listing3rd Mar 2025
Subscription demand
Full bidding ↗Total5.43×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 800 | ₹140,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| 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 | ₹3.87 Cr |
| 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 | ₹23.04 Cr |
| 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 | ₹2.03 Cr |
| Purchase of Commercial Vehicle | ₹1.44 Cr |
| Repayment/prepayment of all or certain of borrowings availed of by Company | ₹18.00 Cr |
| General Corporate Purposes | ₹3.95 Cr |
| Issue Expenses | ₹7.60 Cr |
| Total | ₹59.93 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue101.44₹ Cr · -46.0% vs prior year
PAT8.33₹ Cr · +71.0% vs prior year
Assets82.09₹ Cr · +19.0% vs prior year
Net Worth31.12₹ Cr · +34.1% vs prior year
Borrowing39.66₹ Cr · +7.4% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets61.63
Total Income229.17
Profit After Tax2.94
NET Worth14.34
Reserves and Surplus6.95
Total Borrowing43.29
31 Mar 2024
Assets68.99
Total Income187.90
Profit After Tax4.87
NET Worth23.20
Reserves and Surplus13.70
Total Borrowing36.94
30 Sep 2024
Assets82.09
Total Income101.44
Profit After Tax8.33
NET Worth31.12
Reserves and Surplus21.63
Total Borrowing39.66
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 25.93% |
| ROCE | 16.20% |
| Debt / Equity | 1.59% |
| RoNW | 20.89% |
| PAT Margin | 2.61% |
| Price to Book Value | 6.05 |
Valuation & shareholding
Pre-IPO EPS5.12
Post-IPO EPS12.89
Pre-IPO P/E34.15
Post-IPO P/E13.57
Promoter holding pre96.02%
Promoter holding post70.57%
Market cap₹226.12 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Beezaasan Explotech IPO | — | 13.57 x | — | — |
| Shanti Inorganic IPO | — | 16.63 x | — | — |
| Devson Catalyst IPO | — | 12.81 x | — | — |
| Biopol Chemicals IPO | — | 14.58 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| 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 | ₹3.87 Cr |
| 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 | ₹23.04 Cr |
| 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 | ₹2.03 Cr |
| Purchase of Commercial Vehicle | ₹1.44 Cr |
| Repayment/prepayment of all or certain of borrowings availed of by Company | ₹18.00 Cr |
| General Corporate Purposes | ₹3.95 Cr |
| Issue Expenses | ₹7.60 Cr |
| Total | ₹59.93 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Smart Horizon Capital Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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