| Company | Beezaasan Explotech limited |
| Company Type | SME |
| Sector | Explosive Manufacture |
| Promoter Holding- Pre IPO | 96.02% |
| Promoter Holding – Post IPO | 70.57% |
| Dilution (%) | 25.45% |
| Fresh Issue | 34,24,800 Shares – INR 59.93 Cr |
| OFS | – |
| Offer Size | INR 59.93 Cr. |
| Price Band | INR 165-175 per share |
| Cost for one lot | INR 1,40,000 |
| No. of Share Post-IPO | 1,29,21,133 Shares |
| Market Cap | INR 226 Cr. |
| FY22 Profit | INR 3 Cr. |
| FY23 Profit | INR 3 Cr. |
| FY24 Profit | INR 5 Cr. |
| H1FY25 Profit | INR 8.5 Cr. |
| P/E | 21x |
| Last Year Sales Growth | 8% |
| Opening Date | 21-feb-2025 |
| Closing Date | 25-Feb-2025 |
| Listing Date | 3-Mar-2025 |
| Website link | https://beezaasan.com/ |
Question 1 : What is the Overview of the Company?
- Incorporation: August 2013
- Industry: Manufacturing and supply of industrial explosives
- Products: Cartridge explosives, slurry, emulsion, and detonating fuse
- Manufacturing Facility: Bhanthala Village, Mahisagar District, Gujarat
- Market Presence: Operates across 11 states and 2 union territories in India
- Regulatory Approvals: Licensed for manufacturing and distribution of explosives
- IPO Listing: Planned on BSE SME
The company complies with necessary safety and regulatory standards for explosive manufacturing and aims to expand its operations through its IPO.
Product wise Revenue Bifurcation:
Geography wise Revenue Bufrication:
Capacity and Capacity Utilization:
Question 2: Who are the promoters of the Company?
- Mr Navneetkumar Radheshyam Somani – Leads overall business strategy and expansion.
- Mr. Sunilkumar Radheshyam Somani – Oversees operations and regulatory compliance.
- Mr. Rajan Sunilkumar Somani – Manages production and supply chain.
- M/s. Navneet R Somani HUF & M/s. Sunil R. Somani HUF – Act as financial stakeholder supporting business growth.
They collectively drive the company’s strategic direction, operations, and market expansion.
Question 3: How company performed in the past?
| Particulars (INR Cr) | FY22 | FY23 | FY24 | H1FY25 |
| Total Revenue | 142 | 229 | 188 | 101.5 |
| Net Profit | 3 | 3 | 5 | 8.5 |
Question 4: How much money is the company raising and why?
Amount Raised: ₹59.93 crores
IPO Type: Fresh issue of 34,24,800 equity shares
Price Band: ₹165-₹175 per share
Funding the capital Expenditure towards civil construction required for expansion of the existing manufacturing facility situated at Bhanthala, Mahisagar, Gujrat- INR 3.87 Cr
Funding the capital expenditure towards purchases of Plant and Machineries for expansion of existing manufacturing facility situated at Bhanthala, Mahisagar, Gujrat – INR 23.04 CR
Funding Capital expenditure towards civil construction required for expanding an existing manufacturing facility situated in Felsani, Gujrat—INR 2.02 Cr.
Repayment of Debt -INR 18 Cr.
Purchase of Commercial Vehicle – INR 1.44 Cr.
General Corporate purposes
Question 5. Valuation of the company and Comparison with other companies?
| Particulars | Market Cap (IN Cr.) | P/E |
| Beezaasan Explotech Limited | 226 | 21x |
| Premier Explosives Limited | 2081 | 66x |
| Solar Industries India Limited | 79,631 | 71x |
DISCLAIMER: This document is created for educational and informational purposes only and should not be construed as a Buy/Sell recommendation, investment advice or a research report. Although the document accurately reflects the personal views of the authors, there may be manual human errors in the document. The authors may also have equity shares in the companies mentioned in this report. The investor is advised to consult his/her investment advisor and undertake further due diligence before making any investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due to investments made as per the information written in this document.