Beezaasan Explotech IPO Allotment Status

Summary

Beezaasan Explotech Limited, established in August 2013, has developed expertise in manufacturing and supplying a comprehensive range of explosives and accessories for the cement, mining, and defense industries. Operating from their facility in Gujarat with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, the company maintains a pan-India presence across 11 states and 2 union territories. With a workforce of 188 employees as of September 2024, they focus on producing high-quality cartridge explosives including slurry, emulsion, and detonating explosives.

Beezaasan Explotech IPO comes with a total issue size of ₹59.93 crore, which is entirely a fresh issue of 34.25 lakh shares. The IPO opened on February 21, 2025, and closed on February 25, 2025. The allotment date for the Beezaasan Explotech IPO is expected to be finalized on Thursday, February 27, 2025.
 

Steps to Check Beezaasan Explotech IPO Allotment Status on Registrar Site

• Visit Kfin Technologies Limited website
• Select "Beezaasan Explotech IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Beezaasan Explotech IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Beezaasan Explotech IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Beezaasan Explotech IPO Subscription Status 

Beezaasan Explotech IPO received strong investor interest, being subscribed 5.43 times overall. Here is a category-wise breakdown of the subscription as of 5:55:50 PM on February 25, 2025:

• Retail Category: 2.26 times
• Qualified Institutional Buyers (QIB): 11.52 times
• Non-Institutional Investors (NII): 4.65 times
   

As of 6:19:54 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Expansion: Funding capital expenditure for expansion of existing manufacturing units
• Infrastructure: Civil construction for additional magazine storage facility
• Equipment: Purchase of commercial vehicles
• Debt Reduction: Repayment of borrowings
• General Corporate Purposes: Supporting various business initiatives

Beezaasan Explotech IPO - Listing Details 

The shares are scheduled to list on March 3, 2025, on BSE SME. The strong subscription rate of 5.43 times demonstrates significant investor confidence in Beezaasan Explotech's business model and growth prospects, particularly among qualified institutional buyers. The company has shown impressive financial performance with revenue of ₹101.44 crore and profit after tax of ₹8.33 crore for the period ended September 30, 2024. Their comprehensive product range, established customer relationships, and experienced management team position them well in the explosives manufacturing sector.