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HVAX Technologies IPO

Open Sme
NSE 27 September - 01 October 2024
HVAX Technologies Limited IPO is a book build issue of 33.53 Cr. The issue is entirely a fresh issue of 732000 shares aggregating to 33.53 Cr. HVAX Technologies Limited IPO opened for subscription on Sep 27, 2024 and closed on Oct 01, 2024. The allotment for the this IPO was finalized on Oct 03, 2024. IPO was listed on NSE and BSE on Oct 07, 2024. HVAX Technologies Limited IPO is set issue price band at ₹435 to ₹458 per share.

Current GMP

₹25 (+5.46%)

Price Band

₹ 435 – 458

Lot Size

300

Issue Size

₹33.53 Cr

Minimum Investment

₹274800 (600 Shares)

Listing Date

07 October 2024

Subscription

34.24x

About the Company

Since its incorporation in 2010, HVAX Technologies Limited has evolved from its origins as a HVAC project contractor and has developed expertise in undertaking turnkey projects focused on the engineering, procurement, and execution of controlled environment infrastructure and cleanrooms. The company also offers design, engineering, and consultancy services for pharmaceutical and healthcare companies, as well as the sale and supply of equipment. While HVAX Technologies IPO primarily serves pharmaceutical companies, its customer base also includes chemical companies, hospitals, healthcare providers, and FMCG companies.

HVAX Technologies Limited is engaged in the business of turnkey projects related to engineering, procurement, and execution for controlled environment infrastructure and cleanrooms, along with design, engineering, and consultancy services for the pharma and healthcare sectors. As part of these turnkey projects, the company supplies various third-party manufactured products.

As a part of turnkey projects, the company supply following third party manufactured products:
• Cleanroom wall panels,
• Cleanroom celling 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

Promoters

1. Nirbhaynarayan Singh
2. Prayagdatt Mishra

Promoters Holding

Holding Pre Issue

90.50%

Holding Post Issue

66.65%

Objects of the Issue

Our Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding our working capital requirements; and
2. General Corporate Purpose

Address / Contact Info

HVAX Technologies Limited
601, Lodha Supremus,
I-Think Techno Campus,
Kanjurmarg (East), Mumbai - 400042

 Phone: 022 4972 5039
Email: compliance@hvax.in
Website: http://www.hvax.in

IPO Snapshot

Face Value₹10 per share
Price Band₹ 435 – 458
Lot Size300
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 33.53 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 33.53 Cr
Listing AtNSE
Industry
Sector
QIB Quota18.85%
Retail Quota33.4%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

HVAX Technologies IPO is a Book-building IPO worth ₹33.53 crores. The price band is ₹435 to 458 per share. The IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The HVAX Technologies IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024

HVAX Technologies IPO Price Band is ₹435 to 458.

HVAX Technologies IPO lot size is 300, and the minimum amount required for application is ₹274800.

The minimum investment for HVAX Technologies IPO is approximately ₹274800 based on the upper price band.

To apply for the HVAX Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Oct 1, 2024. After submission, funds are blocked until the basis of allotment of HVAX Technologies IPO is finalised.

HVAX Technologies IPO issue size is ₹33.53 crores.

HVAX Technologies IPO allotment date is Sat, Jun 27, 2026.

The registrar for HVAX Technologies IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to HVAX Technologies IPO through their official website or helpline.

The HVAX Technologies IPO GMP (Grey Market Premium) is ₹25 as of Mon, Oct 7, 2024. Based on the upper price band of ₹458 per share, the estimated HVAX Technologies IPO listing price is ₹483, indicating a potential listing gain of approximately 31% over the issue price.