Beezaasan Explotech Limited IPO

Incorporated in August 2013, 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.

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.

Competitive Strength

  • One-Stop Solution for Explosives Product.
  • Long Standing Relationship with key Customers & Supplier.
  • Experienced Management team.
  • Continuous focus on developing novel and innovative products.

Beezaasan Explotech Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets82.0968.9961.6342.3
Revenue101.44187.9229.17141.91
Profit After Tax8.334.872.942.74
Net Worth31.1223.214.3410.45
Reserves and Surplus21.6313.76.953.7
Total Borrowing39.6636.9443.2923.93
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Beezaasan Explotech IPO is Rs 226.12 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE25.93%
ROCE16.20%
Debt/Equity1.59
RoNW20.89%
PAT Margin2.61
Price to Book Value6.05
 Pre IPOPost IPO
EPS (Rs)5.1212.89
P/E (x)34.1513.57
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Beezaasan Explotech IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  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 purposes.

Beezaasan Explotech IPO Details

IPO DateFebruary 21, 2025 to February 25, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹165 to ₹175 per share
Lot Size800 Shares
Total Issue Size34,24,800 shares
(aggregating up to ₹59.93 Cr)
Fresh Issue34,24,800 shares
(aggregating up to ₹59.93 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue94,96,333 shares
Share Holding Post Issue1,29,21,133 shares
Market Maker Portion1,76,000 shares

Beezaasan Explotech IPO Promoter Holding

The company's promoters are Mr Navneetkumar Radheshyam Somani, Mr Sunilkumar Radheshyam Somani, and Mr Rajan Sunilkumar Somani, M/s. Navneet R Somani HUF and M/s. Sunil R Somani HUF.

Share Holding Pre Issue96.02%
Share Holding Post Issue70.57%

SHARIAH SCREENING for - Beezaasan Explotech Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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