Beezaasan Explotech Ltd - IPO

Beezaasan Explotech Ltd IPO Details

Initial public offer of upto 34,24,800 equity shares of face value of Rs. 10/- each (The Equity Shares) of Beezaasan Explotech Limited (The Company or Beezaasan Explotech or The Issuer) for cash at a price of Rs. 175 per equity share including a share premium of Rs. 165 per equity share (The Issue Price) aggregating to Rs. 59.93 crores (The Issue), of which upto 1,76,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 175 per equity share including a share premium of Rs. 165 per equity share aggregating to Rs. 3.08 crores will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of upto 32,48,800 equity shares of face value of Rs. 10/- each at a price of Rs. 175 per equity share including a share premium of Rs. 165 per equity share aggregating to Rs. 56.85 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.51% and 25.14% Respectively of the post issue paid up equity share capital of the Company.The face value of the equity share is Rs. 10 each. The issue price is 17.5 times the face value of the equity shares.

Objective of issue

Funding the capitel exp towards civil construction required for expansion of existing mfg unit for emulsion explosive-3 plant, emulsion explosive plant and detonating fuse plant at the existing mfg facility at. Funding of capital exp towards purchase of plant and machinery for expansion of existing mfg unit for emulsion explosive-3 plant emulsion bulk explosive plant and detonating fuse plant at the existing mfg facility at. Funding of capital exp towards civil construction required for expansion of additional magazine (storage) facility required for emulsion cartridge explosives and detonating fuse at the existing location at. Purchase of commercial vehicle. Repayment/prepayment of all or its borrowings availed by the company. General corporate purposes.

Beezaasan Explotech Ltd Contact Details

Beezaasan Explotech Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investors@beezaasan.in

Website - www.beezaasan.com