The initial public offering of Beezaasan Explotech Ltd. was subscribed 5.43 times on its third and last day of bidding on Tuesday. According to Chittorgarh, the Rs 59.93-crore SME IPO received bids for 1,23,73,600 shares against 22,80,800 on offer.

Qualified institutional investors led the interest with an overall subscription of 11.52 times. Non-institutional investors subscribed 4.65 times the offer, while the Retail Individual Investors (RIIs) portion was subscribed 2.26 times.

The SME IPO of Beezaasan Explotech saw tepid response from the investors during its first few days but was fully subscribed on its final day.

The allotment for the Beezaasan Explotech IPO will be finalised on Thursday, February 27 and the company will list on Monday, March 3.

Smart Horizon Capital Advisors Pvt. is the book-running lead manager and Kfin Technologies Ltd. is the registrar for the Beezaasan Explotech IPO.

Investors can check the Beezaasan Explotech IPO allotment status on KFin Technologies and the BSE website by following the step-by-step guide provided below.

How to check Beezaasan Explotech IPO allotment status on KFinTech.com

  • Go to the official KFin Technologies website here: https://ris.kfintech.com/ipostatus/

  • Click on any link that shows “IPO Allotment Status.”

  • Choose “Beezaasan Explotech Limited‘ from the dropdown menu. (Name will be populated only after the allotment is finalised).

  • Pick one of the following options: Application number, Demat Account number, or PAN ID, and add the required details.

  • Enter the Captcha code.

  • Click “Submit.”

  • Allotment details will be displayed on the screen.

  • You can download or print the allotment status for your records.

How To Check Beezaasan Explotech IPO Allotment Status On BSE Website

  • Go to the official BSE website at https://www.bseindia.com/investors/appli_check.aspx

  • Select the issue type as ‘Equity.’

  • Choose ‘Beezaasan Explotech Limited’ from the dropdown menu.

  • Enter your application number or PAN (Permanent Account Number).

  • Complete the ‘Captcha’ for verification.

  • Click on the ‘Search’ button to view your allotment status.

Beezaasan Explotech IPO GMP Today

The latest GMP of Beezaasan Explotech IPO was Rs 0 recorded at 8:34 a.m. on February 27, indicating a flat listing. Unlisted shares of Beezaasan Explotech were trading at Rs 175 apiece in the grey market.

According to InvestorGain, the shares of Beezaasan Explotech IPO were trading as high as Rs 179, when the IPO opened for subscription.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use of Proceeds

Beezaasan Explotech Ltd. has proposed to use the net proceeds from the IPO to expand its manufacturing unit in Gujarat. The money will also be used to repay or prepay all or certain borrowings and for general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.The allotment for the Beezaasan Explotech IPO will be finalised on Thursday, February 27.  Read MoreIPOs 

​NDTV Profit