Beezaasan Explotech IPO

Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives. The company is primarily involved in the manufacturing of explosives and explosives accessories used in the cement, mining, and defence industries. The company focuses on producing high-quality cartridge explosives, which include slurry explosives, emulsion explosives, and detonating explosives. The company's manufacturing facility is situated in Gujrat. The company's explosive manufacturing units hold multiple quality certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management. The company's product portfolio consists of chemical explosives. As of 31 March 2024, the company has a PAN India presence, with the client base spanning 11 states and 2 Union territories for its domestic market. As of September 30, 2024, the company employed 188 people at its Manufacturing Plant, corporate office, and Registered Office. Competitive Strength One-Stop Solution for Explosives Product. Long Standing Relationship with key Customers & Supplier. Experienced Management team. Continuous focus on developing novel and innovative products.

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: Funding the Capital expenditure towards civil construction required for the Expansion of the existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat; Funding of Capital expenditure towards the purchase of Plant and machinery for Expansion of existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat; Funding of capital expenditure towards civil construction is required for the expansion of an additional magazine (Storage) facility for the emulsion cartridge explosives and detonating fuse at the existing location situated at Felsani, Gujarat; Purchase of Commercial Vehicle; Repayment/prepayment of all or certain of the borrowings availed of by the Company General corporate purposes.

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