HVAX Technologies IPO will open for subscription from 27 September 2024. The company aims for an issue size of ₹33.53 Cr through this IPO.
Company Overview
Full name | HVAX Technologies Limited |
Sector | Other |
Industry | Engineering Consultancy |
Company Website | https://www.hvax.in/ |
About Company
HVAX Technologies specializes in turnkey projects for the engineering, procurement, and execution of controlled environment infrastructure and cleanrooms, as well as providing design, engineering, and consultancy services to pharma and healthcare companies. As part of these projects, the company supplies a range of third-party manufactured products, including cleanroom wall and ceiling panels, covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, prefabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) equipment, and utility generation and distribution equipment.
HVAX Technologies serves a diverse range of clients, including pharmaceutical, chemical, healthcare, hospital, and FMCG companies. The company has completed around 200 projects in India and 15 other countries, including Algeria, Ethiopia, the UAE, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda, and Zimbabwe. In FY 2024, FY 2023, and FY 2022, HVAX Technologies completed 53, 48, and 52 projects, respectively. As of 31 August 2024, the company employs 125 permanent staff members and 21 temporary workers.
The Objectives of the Issue
- Funding the working capital requirements; and
- General Corporate Purpose.
HVAX Technologies IPO Timetable
IPO Opening date | 27 September 2024 |
IPO Closing | 01 October 2024 |
Basis of Allotment | 03 October 2024 |
Initiation Refund | 04 October 2024 |
Credit to Demat Account | 04 October 2024 |
Listing Date | 07 October 2024 |
HVAX Technologies IPO details
Issue type | Book Built Issue IPO |
IPO issue size | ₹33.53 Cr – 732,000 shares |
Fresh Issue | ₹33.53 Cr – 732,000 shares |
Offer for sale | Nil |
Face value | ₹10 per share |
Price Band | ₹435 to ₹458 per share |
Lot size | 300 Shares |
Market Maker portion | 37,200 shares |
Shareholding pre-issue | 2,044,875 |
Shareholding post-issue | 2,776,875 |
Listing Exchange | NSE SME |
HVAX Technologies IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 300 | ₹137,400 |
Retail (Max) | 1 | 300 | ₹137,400 |
HNI (Min) | 2 | 600 | ₹274,800 |
HVAX Technologies Offer Documents
HVAX Technologies IPO Reservation Details
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | 2,07,000 (28.28%) |
Market Maker Shares Offered | 37,200 (5.08%) |
QIB Shares Offered | 1,38,000 (18.85%) |
NII (HNI) Shares Offered | 1,05,300 (14.39%) |
Retail Shares Offered | 2,44,500 (33.4%) |
Total Shares Offered | 7,32,000 (100%) |
HVAX Technologies Financial Performance
FY 2022 | FY 2023 | FY 2024 | |
Revenue | 68.26 | 95.93 | 106.06 |
Expenses | 63.21 | 89.15 | 94.88 |
Net income | 4.18 | 5.20 | 9.39 |
HVAX Technologies Valuations & Margins
FY 2022 | FY 2023 | FY 2024 | |
EPS | 22.59 | 28.12 | 47.36 |
PE ratio | – | – | 9.18 – 9.67 |
RONW (%) | 34.83 | 30.24 | 30.69 |
NAV | 64.86 | 92.98 | 149.63 |
ROCE (%) | 26.91 | 22.20 | 25.17 |
EBITDA (%) | 10.09 | 8.92 | 13.04 |
Debt/Equity | 0.84 | 0.98 | 0.80 |
Company Promoters
- Nirbhaynarayan Singh
- Prayagdatt Mishra
Promoter Holding
Pre Issue Share Holding | 90.50% |
Post Issue Share Holding | 66.65% |
HVAX Technologies Offer GMP Update
Coming Soon
HVAX Technologies IPO Subscription Update
Category | QIB | NII | Retail | Total |
---|---|---|---|---|
Shares Offered | 1,38,000 | 1,05,300 | 2,44,500 | 4,87,800 |
1 Oct 2024 | 14.02 | 78.27 | 26.69 | 34.24 |
30 Sep 2024 | 0.00 | 1.95 | 4.07 | 2.46 |
27 Sep 2024 | 0.00 | 1.07 | 1.72 | 1.09 |
HVAX Technologies IPO Allotment Status
HVAX Technologies IPO allotment status is now available on Kfin Technologies’ website. Click on this link to get allotment status.
HVAX Technologies IPO Listing Details
Listing Date | 07 October 2024 |
BSE Scrip Code | Coming Soon |
NSE Symbol | |
ISIN | |
Final Issue Price |
Listing Day Update
Listing Exchange | NSE SME |
Final Issue Price | Coming Soon |
Open | |
Low | |
High | |
Last Trade |
HVAX Technologies IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
HVAX Technologies Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: hvax.ipo@kfintech.com
Website: www.kfintech.com
HVAX Technologies Contact Details
HVAX TECHNOLOGIES LIMITED
601, Lodha Supremus, I-Think Techno Campus,
Kanjurmarg (East), Mumbai – 400042, Maharashtra
Phone: 022 4972 5039
E-mail: compliance@hvax.in
Website: www.hvax.in
HVAX Technologies IPO FAQs
What is HVAX Technologies offer size?
HVAX Technologies offer size is ₹ 31.84 – 33.53 crores.
What is HVAX Technologies offer price band?
HVAX Technologies public offer price is ₹ 435 – 458 per share.
What is the lot size of HVAX Technologies IPO?
HVAX Technologies offer lot size is 300 shares.
What is HVAX Technologies Offer GMP today?
HVAX Technologies IPO GMP today is ₹ 15 per share.
What is HVAX Technologies kostak rate today?
HVAX Technologies kostak rate today is ₹ NA per application.
What is HVAX Technologies IPO Subject to Sauda rate today?
HVAX Technologies’s Subject to Sauda rate today is ₹ 3,500 per application.
Final thoughts
HVAX Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing