HVAX Technologies IPO

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 nameHVAX Technologies Limited
SectorOther
IndustryEngineering Consultancy
Company Websitehttps://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 date27 September 2024
IPO Closing01 October 2024
Basis of Allotment03 October 2024
Initiation Refund04 October 2024
Credit to Demat Account04 October 2024
Listing Date07 October 2024
(Cut-off time for UPI mandate confirmation – 5 PM on October 1, 2024)

HVAX Technologies IPO details

Issue typeBook Built Issue IPO
IPO issue size₹33.53 Cr – 732,000 shares
Fresh Issue₹33.53 Cr – 732,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹435 to ₹458 per share
Lot size300 Shares
Market Maker portion37,200 shares
Shareholding pre-issue2,044,875
Shareholding post-issue2,776,875
Listing ExchangeNSE SME

HVAX Technologies IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)1300₹137,400
Retail (Max)1300₹137,400
HNI (Min)2600₹274,800

HVAX Technologies Offer Documents


HVAX Technologies IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered2,07,000 (28.28%)
Market Maker Shares Offered37,200 (5.08%)
QIB Shares Offered1,38,000 (18.85%)
NII (HNI) Shares Offered1,05,300 (14.39%)
Retail Shares Offered2,44,500 (33.4%)
Total Shares Offered7,32,000 (100%)

HVAX Technologies Financial Performance

 FY 2022FY 2023FY 2024
Revenue68.2695.93106.06
Expenses63.2189.1594.88
Net income4.185.209.39
(Amount in ₹ Crores)

HVAX Technologies Valuations & Margins

FY 2022FY 2023FY 2024
EPS22.5928.1247.36
PE ratio9.18 – 9.67
RONW (%)34.8330.2430.69
NAV64.8692.98149.63
ROCE (%)26.9122.2025.17
EBITDA (%)10.098.9213.04
Debt/Equity0.840.980.80

Company Promoters

  • Nirbhaynarayan Singh
  • Prayagdatt Mishra

Promoter Holding

Pre Issue Share Holding90.50%
Post Issue Share Holding66.65%

HVAX Technologies Offer GMP Update

Coming Soon


HVAX Technologies IPO Subscription Update

CategoryQIBNIIRetailTotal
Shares Offered1,38,0001,05,3002,44,5004,87,800
1 Oct 202414.0278.2726.6934.24
30 Sep 20240.001.954.072.46
27 Sep 20240.001.071.721.09
(The market maker reservation portion of 37,200 shares and anchor allocation of 2,07,000 shares are not included)

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 Date07 October 2024
BSE Scrip CodeComing Soon
NSE Symbol
ISIN
Final Issue Price

Listing Day Update

Listing ExchangeNSE SME
Final Issue PriceComing 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

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