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.
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.
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 3, 2025, 10:13 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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