IPO

HVAX Technologies Limited IPO

NSE SME

Listed On: Oct 7, 2024 at ₹ 486.0

₹ 137400 /300 Shares

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HVAX Technologies IPO Details

27 Sep, 2024

Open Date

01 Oct, 2024

Close Date

03 Oct, 2024

Allotment Date

07 Oct, 2024

Listing Date

Issue Price

₹435-458 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

486.0

Listing Date

2024-10-07

Market Lot

300 Shares (₹137,400/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

732,000 shares(aggregating up to ₹33.53 Cr)

Retail Portion

35%

Subscription

34.16 times

IPO Docs

DRHP RHP

HVAX Technologies IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved138,000 / 105,300244,500732,000
Day 1 - 27-09-24 06:00 PM0.00 / 1.09 x1.79 x1.13 x
Day 2 - 30-09-24 06:00 PM0.00 / 1.61 x4.17 x2.43 x
Day 3 - 01-10-24 06:00 PM14.02 / 77.92 x26.69 x34.16 x
Total No. of Applications: 21,752 (Approx)

HVAX Technologies Valuations

EPS Pre IPO

₹45.92/-

EPS Post IPO

₹33.82/-

P/E Pre IPO

9.97

P/E Post IPO

13.54

RoNW

30.69%

HVAX Technologies Company Financials All values are in ₹ Lakh

31-Mar-2431-Mar-2331-Mar-22
Assets6,366.327,825.595,386.78
Revenue10,746.999,613.866,879.13
Profit After Tax939.07520.37418.15

About The Company

HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.

The company supplies the following products manufactured by third parties: - Cleanroom wall panels, Cleanroom ceiling panels, Covings, Riser panels, Cleanroom doors, Flooring systems, Pass boxes, Air showers, LT/HT electrical panels, Pre-fabricated galvanized iron (GI) ducts, Air handling units, Chillers, Building Management Systems (BMS) Equipment, Utility generation and distribution Equipment.

The company's customers include pharmaceutical companies, chemical companies, hospitals, healthcare companies, and FMCG companies. HVAX Technologies has completed around 200 projects in India and in 15 countries, namely Algeria, Ethiopia, the United Arab Emirates, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda and Zimbabwe. Further, the Company has executed 53 projects, 48 projects, and 52 projects in FY 2024, FY 2023, and FY 2022 respectively, representing revenue from turnkey projects of Rs. 8445.73 lakhs, Rs. 9,343.63 lakhs, and Rs. 6,632.27 lakhs respectively.

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HVAX Technologies - Promoter(s)

Pre Issue Share Holding: 90.50%

Post Issue Share Holding: 66.65%

Company Promoter(s)

  1. Nirbhaynarayan Singh
  2. Prayagdatt Mishra

HVAX Technologies IPO - Issue Objectives

  1. Funding the working capital requirements
  2. General Corporate Purpose.

HVAX Technologies IPO - FAQs

Ans. HVAX Technologies Limited IPO is a SME IPO. The issue is priced at ₹435-458 per equity share. The minimum order quantity is 300 Shares. The IPO opens on Sep 27, 2024, and closes on Oct 1, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The HVAX Technologies Limited IPO opens on Sep 27, 2024 and closes on Oct 1, 2024.

Ans. The size of HVAX Technologies Limited IPO is 732,000 shares(aggregating up to ₹33.53 Cr).

Ans. The IPO price band is set between ₹435-458 per equity share.

Ans. To apply for HVAX Technologies Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find HVAX Technologies Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of HVAX Technologies Limited IPO is Oct 3, 2024.

Ans. The HVAX Technologies Limited IPO will be listed on Oct 7, 2024.

Ans. Follow the steps to check the allotment status for HVAX Technologies Limited IPO here.