Beezaasan Explotech came to market through an SME IPO that opened on 21 February 2025 and closed on 25 February 2025, and the shares listed on 3 March 2025 on BSE SME. The price band was ₹165 to ₹175 per share and one lot was 800 shares, so the minimum application was ₹1,40,000. The issue size was ₹59.93 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Smart Horizon Capital Advisors Private Limited was the lead manager.
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Beezaasan Explotech Limited incorporated in August 2013 manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives. The company is primarily involved in the manufacturing of explosives and explosives accessories used in the cement, mining, and defence industries. The company focuses on producing high-quality cartridge explosives, which include slurry explosives, emulsion explosives, and detonating explosives. The company's manufacturing facility is situated in Gujrat.
The company's explosive manufacturing units hold 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. The company's product portfolio consists of chemical explosives. As of 31 March 2024, the company has a PAN India presence, with the client base spanning 11 states and 2 Union territories for its domestic market.
As of September 30, 2024, the company employed 188 people at its Manufacturing Plant, corporate office, and Registered Office.
As described in the offer document.
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s. Sunil R Somani HUF. Promoter holding 96.02% before the issue and 70.57% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Beezaasan Explotech IPO was a ₹59.93 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹165–₹175 per share with a lot size of 800 shares (₹1,40,000). The IPO was open from February 21 to February 25, 2025. Shares listed on BSE SME on March 3, 2025 at ₹146, a 16.6% discount to the issue price of ₹175. Kfin Technologies Limited is the registrar. Smart Horizon Capital Advisors Private Limited is the book running lead manager.
The price band of Beezaasan Explotech IPO is ₹165 to ₹175 per share.
The lot size of Beezaasan Explotech IPO is 800 shares.
The minimum investment for Beezaasan Explotech IPO is approximately ₹1,40,000 based on the upper price band.
The allotment date of Beezaasan Explotech IPO is Feb 27, 2025.
You can check Beezaasan Explotech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Beezaasan Explotech IPO allotment status on Rupix for quick and easy access.
₹165 to ₹175 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,40,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,40,000, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 21 February 2025 and closed on 25 February 2025.
The basis of allotment was published on 27 February 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 March 2025 on BSE SME.
The issue size was ₹59.93 crore. The fresh issue was 34,24,800 shares (aggregating up to ₹59.93 crore).