IPO
Beezaasan Explotech SME IPO subscribed 5x
The INR 59.93 crore SME IPO of Beezaasan Explotech was subscribed 5 times. The IPO opened for bidding on February 21, 2025, and closed on February 27, 2025. QIB investors bid the most with a category subscription of 11 times.The IPO comprises a fresh issue of 34.25 lakh shares with the price band set at INR 175 per share. Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the issue.The proceeds will be used for capital expenditure towards civil construction required for the expansion of various existing manufacturing units and other purposes.Founded in 2013, Beezaasan Explotech manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives.
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