Beezaasan Explotech IPO: All particulars together with IPO, value band of the corporate that makes the explosive firm on 21 February – INA NEWS

Beezaan Explosch SME IPO: The IPO of Bijasan Explotech Restricted goes to open on February 21 for subscription. It’s an SME IPO, for which a value band of Rs 165-175 per share has been mounted. This would be the second SME IPO approaching Dalal Avenue subsequent week with HP Telecom India. The corporate intends to boost Rs 59.93 crore by means of IPO. Buyers can have a possibility to put money into it until 25 February.

About Beezaasan Explotech IPO

Beneath this IPO, 34.24 lakh recent fairness shares price Rs 59.93 crore might be issued. On the similar time, there might be no sale by means of the supply on the market (offs). Because of this your complete revenue from the IPO will go to the corporate. Good Horizon Capital Advisors are working as the one ebook operating lead supervisor for this difficulty.

After subscription, profitable traders are anticipated to be allotted shares on February 27. Buyers can begin buying and selling within the shares of Bijasan Explotech on BSE SME from March 3. Half of the general public difficulty has been reserved for certified institutional consumers, 15 per cent for non-institutional traders and the remaining 35 per cent for retail traders.

The place to make use of Fund

The quantity acquired from the Gujarat -based firm IPO might be used to develop its present manufacturing unit situated in Mahisagar, Gujarat. This contains the growth of Emalation Explosive-3 plant, Emulsion Bulk Explosive Plant and Detoning Fuse Plant.

As well as, the quantity acquired from the IPO might be used for the growth of an extra journal (storage) facility for Emalation Cartrid Explosive and Dateonating Fuse in Falsani (Gujarat), buy of economic autos, reimbursement of debt and basic company functions.

Beezaasan Explotech’s Enterprise and Monetary

The corporate makes explosive and explosive equipment. The corporate primarily makes Carties Explosive and provides cement, mining and protection industries. The corporate’s manufacturing facility is situated in Gujarat.

Speaking about monetary, the corporate’s PAT FY22 was Rs 2.74 crore, which elevated to Rs 2.94 crore in FY23 and Rs 4.87 crore in FY24. On the similar time, the corporate’s income elevated from Rs 141.91 crore to Rs 229.17 crore in FY23. Nevertheless, it declined to Rs 187.9 crore in FY23.

Disclaimer: Right here data offered is being given just for data. It’s vital to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.