Beezaasan Explotech Share Price Trades 12.57% Down from IPO Price on Listing Day

Beezaasan Explotech IPO opened for subscription on February 21, 2025 and closed on February 25, 2025.

It was a book-built issue of ₹59.93 crore. The issue is entirely a fresh issue of 34.25 lakh shares. The Beezaasan Explotech IPO price band was set at ₹175 per share.

On Day 3 of subscription, February 25, 2025, as of 5:55 PM, Swasth Foodtech IPO was subscribed 5.43 times. QIBs subscribed 11.52x, NIIs subscribed 4.65x, and retail investors subscribed 2.26x.

The share allotment was finalised on Thursday, February 27, 2025, and the shares were listed on BSE SME on March 3, 2025.

Beezaasan Explotech Share Price

On the listing day, on the BSE, Beezaasan Explotech share price opened at ₹146.00, down from its issue price of ₹175.00. At 10:06 AM, Beezaasan Explotech share price was trading at ₹153.00, up by 4.79% from its opening price of ₹146.00 and 12.57% down from its issue price of ₹175.00. As of the same time, the stock touched its day’s high at ₹153.30. The company’s market cap was ₹197.69 crore.

About Beezaasan Explotech Limited

Beezaasan Explotech Limited is involved in the manufacturing and supplying a wide range of explosives and explosive accessories, primarily focusing on cartridge explosives, including slurry explosives, emulsion explosives, and detonating fuse. Its products are made using a nitrate mixture to cater to diverse industry requirements.

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