Beezaasan Explotech Limited Unveils IPO Plans for February 2025

Beezaasan Explotech Limited is set to open its Initial Public Offering (IPO) from February 21 to February 25, 2025, intending to raise Rs. 59.93 Crores by listing on the BSE SME platform. The proceeds will finance expansion projects, vehicle purchases, debt repayment, and general corporate purposes.

Beezaasan Explotech Limited, a key player in the explosive manufacturing sector, has announced its upcoming Initial Public Offering (IPO) scheduled for February 21 to 25, 2025. The company aims to raise up to Rs. 59.93 Crores by listing its shares on the BSE SME platform.

The IPO involves 34.25 lakh equity shares valued at Rs. 10 each, with a price band set between Rs. 165 to Rs. 175 per share. The initiative aims to fund the expansion of Beezaasan's manufacturing units, purchase plant machinery, and repay existing borrowings.

Chairman and Managing Director Navneetkumar Radheshyam Somani views this as a strategic phase in the company's growth, emphasizing its commitment to a sustainable future. Smart Horizon Capital Advisors leads the IPO, with Rikhav Securities as market maker.

(With inputs from agencies.)