HVAX Technologies’ IPO will open on September 27, 2024, and will remain available until October 1, 2024. Notably, the IPO is a Book Built Issue, aiming to raise approximately ₹33.53 crores. This amount includes a fresh issue of ₹33.53 crores, along with an offer for sale of equity shares, each having a face value of ₹10.
Table of contents
- HVAX Technologies IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- HVAX Technologies IPO GMP (Grey Market Premium)
- HVAX Technologies IPO Application Form PDF
- HVAX Technologies IPO Subscription Status
- HVAX Technologies IPO Allotment Status
- IPO Review
- HVAX Technologies IPO Registrar
- HVAX Technologies IPO Lead Manager
- HVAX Technologies Limited Contact
- FAQs
HVAX Technologies IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | HVAX Technologies Limited |
| Industry | Engineering and Construction |
| IPO Issue Type | Book Built Issue |
| Open Date | September 27, 2024 |
| Close Date | October 1, 2024 |
| Total Issue Size | ₹33.53 Crores (732,000 Equity Shares) |
| Fresh Issue | ₹33.53 Crores (732,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹435 to ₹458 per share |
| Listing on | NSE SME |
| Lot Size | 300 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Hvax Technologies Limited, initially established at 601, Lodha Supremus, I-Think Techno Campus, Kanjurmarg (East), Mumbai – 400042, Maharashtra, was incorporated as a Private Limited company on November 26, 2010, under the Companies Act, 1956. The conversion from a private limited company to a public limited company was approved during an Extra Ordinary General Meeting held on December 11, 2023, with the official name change to Public Limited occurring on January 8, 2024.
The company specializes in executing turnkey projects related to engineering, procurement, and the creation of controlled environment infrastructure and cleanrooms. Additionally, they provide design, engineering, and consultancy services specifically for pharmaceutical and healthcare sectors. Their consultancy services include engineering guidance, GAP analysis and validation, containment solutions, technology transfer, and project feasibility assessments for clients within the pharmaceutical space.
With a diversified business model that extends across various customers and regions, Hvax Technologies maintains a strong focus on customer satisfaction. Their client base consists of companies that benefit from both turnkey solutions and equipment supply, as well as design, engineering, and consultancy services within the pharma and healthcare industries. On August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 27, 2024 |
| IPO Close Date | October 1, 2024 |
| Basis of Allotment | October 3, 2024 |
| Refunds | October 4, 2024 |
| Credit to Demat Account | October 4, 2024 |
| IPO Listing Date | October 7, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹6,366.32 | ₹7,825.59 | ₹5,386.78 |
| Revenue | ₹10,746.99 | ₹9,613.86 | ₹6,879.13 |
| Profit After Tax | ₹939.07 | ₹520.37 | ₹418.15 |
| Net Worth | ₹3,059.83 | ₹1,720.77 | ₹1,200.4 |
| Reserves and Surplus | ₹2,991.67 | ₹1,659.08 | ₹1,138.71 |
| Total Borrowing | ₹2,437.29 | ₹1,692.21 | ₹1,010.03 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹137,400 |
| Retail (Max) | 1 | 300 | ₹137,400 |
| HNI (Min) | 2 | 600 | ₹274,800 |
The objective of the Issue
- Providing funds to meet working capital requirements.
- As well as addressing broader corporate purposes.
Company Promoters
- Mr. Nirbhaynarayan Singh
- Mr. Prayagdatt Mishra
HVAX Technologies IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the HVAX Technologies IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including HVAX Technologies Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
HVAX Technologies IPO Application Form PDF
To download the HVAX Technologies IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
HVAX Technologies IPO Subscription Status
This IPO subscription kicks off on September 27, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
HVAX Technologies IPO Allotment Status
To check the HVAX Technologies IPO allotment status go to the IPO registrar website Kfin Tech or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, HVAX Technologies has strong expertise in turnkey projects for cleanrooms, positioning it well in high-demand sectors.
- Additionally, the company benefits from a diversified business model, reducing reliance on any single client or region.
- Furthermore, HVAX serves established pharmaceutical and healthcare clients, ensuring consistent demand for its services.
- Moreover, the increasing need for cleanroom infrastructure presents significant growth potential, making the company appealing to investors.
- Lastly, the recent transition to a public limited company may enhance credibility and improve access to capital for expansion.
Risks:
- On the other hand, HVAX is exposed to risks in the pharmaceutical and healthcare sectors, making it vulnerable to industry changes.
- In addition, the company faces intense competition that could pressure its market share and profitability.
- Moreover, HVAX relies heavily on working capital, and disruptions in securing it could hinder project execution.
- Another risk is market volatility, which could affect the company’s stock performance post-IPO.
- Finally, execution risks related to project delays or cost overruns could impact financial results and reputation.
HVAX Technologies IPO 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 IPO Lead Manager
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 Limited Contact
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
FAQs
The issue size for HVAX Technologies’ IPO is set at ₹33.53 crores.
The price band for HVAX Technologies’ IPO ranges from ₹435 to ₹458.
The minimum bid, which totals ₹137,400, consists of 300 shares.
The allotment for HVAX Technologie’s IPO is scheduled for October 3, 2024.
The listing of HVAX Technologie’s IPO is expected to take place on October 7, 2024, on the NSE.
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