Last updated on October 7, 2024
HVAX Technologies IPO description – 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.
Promoters of HVAX Technologies – Mr. Nirbhaynarayan Singh, and Mr. Prayagdatt Mishra
Table of Contents
HVAX Technologies IPO Details
| HVAX Technologies IPO Dates | 27 Sep – 1 Oct 2024 |
| HVAX Technologies Issue Price | INR 435 – 458 per share |
| Fresh issue | 7,32,000 shares (INR 31.84 – 33.53 crore) |
| Offer For Sale | NIL |
| Total IPO size | 7,32,000 shares (INR 31.84 – 33.53 crore) |
| Minimum bid (lot size) | 300 shares (INR 1,37,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
HVAX Technologies Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 68.26 | 95.93 | 106.06 |
| Expenses | 63.21 | 89.15 | 94.88 |
| Net income | 4.18 | 5.20 | 9.39 |
HVAX Technologies Offer News
- HVAX Technologies RHP
- HVAX Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
HVAX Technologies Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 22.59 | 28.12 | 47.36 |
| PE ratio | – | – | 9.18 – 9.67 |
| RONW (%) | 34.83 | 30.24 | 30.69 |
| NAV | 64.86 | 92.98 | 149.63 |
| ROCE (%) | 26.91 | 22.20 | 25.17 |
| EBITDA (%) | 10.09 | 8.92 | 13.04 |
| Debt/Equity | 0.84 | 0.98 | 0.80 |
HVAX Technologies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 October 2024 | 20 | – | 4,700 |
| 4 October 2024 | 15 | – | 3,500 |
| 3 October 2024 | 10 | – | 7,000 |
HVAX Technologies IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,38,000 | 1,05,300 | 2,44,500 | 4,87,800 |
| 1 Oct 2024 | 14.02 | 78.27 | 26.69 | 34.24 |
| 30 Sep 2024 | 0.00 | 1.95 | 4.07 | 2.46 |
| 27 Sep 2024 | 0.00 | 1.07 | 1.72 | 1.09 |
The market maker reservation portion of 37,200 shares and anchor allocation of 2,07,000 shares are not included in the above calculations.
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 Dates & Listing Performance
| IPO Opening Date | 27 September 2024 |
| IPO Closing Date | 1 October 2024 |
| Finalization of Basis of Allotment | 3 October 2024 |
| Initiation of refunds | 4 October 2024 |
| Transfer of shares to demat accounts | 4 October 2024 |
| IPO Listing Date | 7 October 2024 |
| Opening Price on NSE SME | INR 486 per share (up 6.11%) |
| Closing Price on NSE SME | INR 490.35 per share (up 7.06%) |
HVAX Technologies Offer Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone:Â +91 81049 85249
Email:Â [email protected]
Website:Â www.fedsec.in
HVAX Technologies Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone:Â +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com
HVAX Technologies Issue Contact Details
HVAX TECHNOLOGIES LIMITED
601, Lodha Supremus, I-Think Techno Campus,
Kanjurmarg (East), Mumbai – 400042, Maharashtra
Phone: 022 4972 5039
E-mail: [email protected]
Website: www.hvax.in
IPO FAQs
What is HVAX Technologies offer size?
HVAX Technologies offer size is INR 31.84 – 33.53 crores.
What is HVAX Technologies offer price band?
HVAX Technologies public offer price is INR 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 IPO GMP today?
HVAX Technologies IPO GMP today is INR 20 per share.
What is HVAX Technologies kostak rate today?
HVAX Technologies kostak rate today is INR NA per application.
What is HVAX Technologies IPO Subject to Sauda rate today?
HVAX Technologies’s Subject to Sauda rate today is INR 4,700 per application.
