Is Beezaasan Explotech Limited IPO Halal or Not? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether Beezaasan Explotech Limited IPO meets Shariah Screening guidelines.
Is Beezaasan Explotech Limited IPO Halal or Not?
Beezaasan Explotech Limited, a company in the chemicals sector, has undergone a Shariah compliance screening based on key financial and business criteria.
After thorough research and analysis of its financial data, Beezaasan Explotech Limited is deemed non-halal and non-Shariah compliant due to its high interest-bearing debt, which stands at 48.31% of total assets, exceeding the 33% threshold set by Shariah screening standards.
While the company’s core business activities and other financial ratios meet compliance requirements, its heavy reliance on interest-based financing makes it impermissible for halal investment.
Shariah Compliance Analysis of Beezaasan Explotech Limited
| Criteria | Value | Status |
| Business Activity | TRADING | ✅ PASS |
| Impermissible Income to Total Revenue | 0.00% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 48.31% | ❌ FAIL |
| Illiquid Assets to Total Assets Ratio | 75.89% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Listing Details of Beezaasan Explotech Limited IPO
| IPO Opening Date | Friday, February 21, 2025 |
| IPO Closing Date | Tuesday, February 25, 2025 |
| Expected Allotment Date | Thursday, February 27, 2025 |
| Refund Initiation | Friday, February 28, 2025 |
| Shares Credited to Demat | Friday, February 28, 2025 |
| Expected Listing Date | Monday, March 03, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on February 25, 2025 |
Business Overview of Beezaasan Explotech Limited
Beezaasan Explotech Limited, incorporated in August 2013, is a leading manufacturer and supplier of high-quality explosives and explosive accessories, catering to industries such as mining, cement, defense, and infrastructure.
The company specializes in producing Slurry Explosives, Emulsion Explosives, and Detonating Fuses, ensuring precision, safety, and efficiency in demanding environments. With a strong focus on innovation and quality, Beezaasan Explotech serves prestigious clients, including the Border Roads Organization (BRO), Public Sector Undertakings (PSUs), and defense sectors, supporting critical projects across India.
Over the years, the company has built a reputation for reliability, adhering to stringent safety standards and delivering tailored solutions for diverse applications. Committed to sustainability and technological advancement, Beezaasan Explotech continues to drive growth in the explosives industry, empowering industries with cutting-edge solutions that fuel progress and development. Trusted for its expertise and customer-centric approach, Beezaasan Explotech remains a key player in India’s industrial landscape.
Beezaasan Explotech Limited – Financial Information (Restated Consolidated)
| Category | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | ₹ 82.09 Cr | ₹ 68.99 Cr | ₹ 61.63 Cr | ₹ 42.3 Cr |
| Revenue | ₹ 101.44 Cr | ₹ 187.9 Cr | ₹ 229.17 Cr | ₹ 141.91 Cr |
| Profit After Tax | ₹ 8.33 Cr | ₹ 4.87 Cr | ₹ 2.94 Cr | ₹ 2.74 Cr |
| Net Worth | ₹ 31.12 Cr | ₹ 23.2 Cr | ₹ 14.34 Cr | ₹ 10.45 Cr |
| Reserves & Surplus | ₹ 21.63 Cr | ₹ 13.7 Cr | ₹ 6.95 Cr | ₹ 3.7 Cr |
| Total Borrowing | ₹ 39.66 Cr | 36.94 | ₹ 43.29 Cr | ₹ 29.93 Cr |
Conclusion
Based on the screening process, Beezaasan Explotech Limited IPO appears to be Not Halal and Non-Shariah Compliant (Allah Knows the Best) as it does not meet all major shariah screening guidelines. However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.
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