Beezaasan Explotech IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for Beezaasan Explotech IPO started on February 21, 2025, and concluded on February 25, 2025. The basis of allotment will be finalised today, February 27, 2025. Find the step-by-step procedure for checking the IPO allotment status. 

 Check Beezaasan Explotech IPO Allotment Status Online On BSE

• Visit the application status page here. 
• Select “Equity” in Issue Type. 
• In Issue Name, select “Beezaasan Explotech Limited.”
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a Robot” and “Submit.”

Check Beezaasan Explotech IPO Allotment Status On Kfin Technologies Limited

1. Visit the IPO allotment status page. 
2. Select “Beezaasan Explotech” under “Select IPO.”
3. Enter your Application Number/DP ID/PAN.
4. Enter Captcha and click Submit. 

IPO Details

The ₹59.93-crore Beezaasan Explotech IPO comprises a fresh issue of 34.25 lakh shares. The price band is set at ₹175 per share, and the tentative listing date on BSE SME is March 3, 2025.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the issue, Kfin Technologies Limited is the registrar and Rikhav Securities Limited. is the market maker.

Use of Proceeds

The funds raised from this issue will be deployed towards the following objectives:

• Capital expenditure for civil construction and investment in plant and machinery to expand the manufacturing facility at Bhanthala, Mahisagar, Gujarat.
• Capital expenditure for building additional magazine (storage) facilities required for Emulsion Cartridge Explosives and Detonating Fuse at the Felsani site in Gujarat.
• Acquisition of a commercial vehicle to support operational activities.
• Repayment or prepayment of company’s outstanding borrowings. 
• General corporate purposes. 

Beezaasan Explotech IPO - Overall Subscription Status 

(February 25, 2025, end of the day)

GMP (Grey Market Premium) Details

As of February 27, 2025, the GMP for HP Telecom India Limited IPO stood at nil. This indicates that the expected percentage gain/loss per share is 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: Business Standard dated February 27, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Beezaasan Explotech Business Overview

Beezaasan Explotech Limited is a leading manufacturer and supplier of a wide range of industrial explosives and explosive accessories, specialising in cartridge explosives such as slurry explosives, emulsion explosives, and detonating fuses.

The company is a supplier to the Border Roads Organization and several Public Sector Undertakings. Their manufacturing facilities in Gujarat cover a total area of 40,68,876.50 sq. ft., equipped with state-of-the-art machinery like KP Machines, Strapping Machines, and PLC Control Panels.

They operate with a licensed capacity of 45,000 metric tons for slurry explosives, 11,400 metric tons for emulsion explosives, and 51 million meters for detonating fuses.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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