HVAX Technologies IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 27 Sep 2024
Close Date
Tue, 01 Oct 2024
Price Band
₹ 435 – 458
Lot Size
300
Issue Size
₹ 33.53 Cr
Minimum Investment
₹ 274,800 (600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
HVAX Technologies IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹33.53 Crore, comprising a fresh issue of 7.32 Lakh equity shares aggregating to ₹33.53 Crore.
The HVAX Technologies IPO remained open for subscription from September 27, 2024, to October 01, 2024. The basis of allotment was finalized on October 03, 2024, and the company's shares were listed on NSE SME Platform on October 07, 2024.
The company had fixed the price band at ₹435 to ₹458 per share, with a lot size of 300 shares. Retail investors were required to make a minimum investment of ₹274,800 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Fedex Securities Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, HVAX Technologies Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
HVAX Technologies IPO Timeline (Tentative)
- IPO Open Date
- Fri, 27 Sep 24
- IPO Close Date
- Tue, 01 Oct 24
- Basis of Allotment
- Thu, 03 Oct 24
- Initiation of Refunds
- Fri, 04 Oct 24
- Credit of Shares to Demat
- Fri, 04 Oct 24
- Listing Date
- Mon, 07 Oct 24 — NSE & BSE
Open Date
27 September 2024
Close Date
01 October 2024
Basis Of Allotment
03 October 2024
Listing Date
07 October 2024
IPO Subscription
Check Live Subscription →The HVAX Technologies IPO has received bids for 1,67,02,200 shares against 4,87,800 shares offered, resulting in an overall subscription of 34.24x. the NII category is subscribed 78.27x, Retail Investors 26.69x, and QIBs 14.02x.
QIB
14.02x
NII
78.27x
RII
26.69x
Total
34.24x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 2,44,500 shares, representing 33.4% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,38,000 shares (18.85%), while Non-Institutional Investors (NIIs) receive 1,05,300 shares (14.39%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 207,000 | 28.28% |
| Market Maker | 37,200 | 5.08% |
| Qualified Institutions | 138,000 | 18.85% |
| Non-Institutional | 105,300 | 14.39% |
| Retail Investors | 244,500 | 33.4% |
| Total | 732,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 6366.32 | 7825.59 | 5386.78 |
| Revenue | 10746.99 | 9613.86 | 6879.13 |
| Profit After Tax | 939.07 | 520.37 | 418.15 |
| Net Worth | 3059.83 | 1720.77 | 1200.4 |
| Reserve & Surplus | 2991.67 | 1659.08 | 1138.71 |
| Total Borrowings | 2437.29 | 1692.21 | 1010.03 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
HVAX Technologies Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 39.29 |
| ROCE % | 25.17 |
| Debt / Equity | 0.8 |
| RoNW % | 30.69 |
| PbW | 3.06 |
| Pat Margin % | 8.85 |
Peers Comparison
No Peer Comparision Available
About HVAX Technologies Limited
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
HVAX Technologies IPO Promoters
1. Nirbhaynarayan Singh
2. Prayagdatt Mishra
Promoters Holding
Holding Pre Issue
90.50%
Holding Post Issue
66.65%
HVAX Technologies IPO Objective
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
HVAX Technologies Limited Address / Contact Details
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
HVAX Technologies IPO Lot Size
The HVAX Technologies IPO has a lot size of 300 shares. Retail investors require a minimum investment of ₹1,37,400 by applying for 1 lot (300 shares). The maximum application allowed for the retail category is 1 lots (300 shares), requiring an investment of ₹1,37,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 300 | 137,400.00 |
| Retail (Max) | 1 | 300 | 137,400.00 |
| S-HNI (Min) | 2 | 600 | 274,800.00 |
Issue Reservation
- Anchor Investors — 28.28%
- Market Maker — 5.08%
- QIB — 18.85%
- NII — 14.39%
- RII — 33.4%
Book Running Lead Managers
- Fedex Securities Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the HVAX Technologies IPO?
HVAX Technologies IPO is a Book-building IPO with a total issue size of ₹33.53 crore. The HVAX Technologies IPO price band is ₹435 to 458 per share. The HVAX Technologies IPO subscription opens on Fri, Sep 27, 2024, and closes on Tue, Oct 1, 2024. The HVAX Technologies IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the HVAX Technologies IPO.
When will the HVAX Technologies IPO open for subscription?
The HVAX Technologies IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024
What is HVAX Technologies IPO Price Band?
HVAX Technologies IPO Price Band is ₹435 to 458 per share.
What is HVAX Technologies IPO Lot Size?
HVAX Technologies IPO lot size is 300 shares, Retail investors need a minimum investment of ₹274800 based on the upper price band
What is the minimum investment for HVAX Technologies IPO?
The minimum investment for HVAX Technologies IPO is ₹274800, based on one lot of 300 shares at the upper price band of ₹458 per share.
How to apply for HVAX Technologies IPO?
Investors can apply for the HVAX Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Oct 1, 2024. The application amount remains blocked until the HVAX Technologies IPO allotment is finalized.
What is HVAX Technologies IPO Issue Size?
HVAX Technologies IPO issue size is ₹33.53 crores.
What is the HVAX Technologies IPO Allotment Date?
HVAX Technologies IPO allotment date is Thu, Oct 3, 2024.
Who is the HVAX Technologies IPO Registrar?
The registrar for HVAX Technologies IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check HVAX Technologies IPO allotment status, refund processing, and other IPO-related information.
What is the HVAX Technologies IPO GMP?
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 5.46% over the issue price.
Who is the HVAX Technologies IPO Lead Manager?
The book-running lead managers (BRLMs) for the HVAX Technologies IPO are Fedex Securities Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the HVAX Technologies IPO Red Herring Prospectus (RHP).