Beezaasan Explotech Limited was established in August 2013 and specializes in the manufacturing and supply of a diverse range of explosives and explosive accessories. Its product portfolio primarily includes cartridge explosives such as slurry explosives, emulsion explosives, and detonators. The company has developed products that adhere to the strict standards required by industries like cement, mining, and defense. Its production facilities are equipped with advanced machinery, including KP machines, strapping machines, and PLC controls, ensuring high-quality output.
The IPO of Beezaasan Explotech is scheduled to open on February 21, 2025, and will close on February 25, 2025. The price band for the IPO is set between ₹165 and ₹175 per share. The allocation includes a 35% retail quota, 50% for QIBs, and 15% for HNIs. The shares are expected to be listed on the BSE on March 3, 2025. The allotment date for the IPO is February 27, 2025.
In terms of financial performance, the company reported revenue of ₹187.9 crores in 2024, a decrease from ₹229.17 crores in 2023. However, its profit saw an increase, rising to ₹4.87 crores in 2024 compared to ₹2.94 crores in the previous year.
