September 27, 2024 - October 1, 2024
RHP
HVAX Technologies IPO is a book built issue of Rs 33.53 crores. The issue is entirely a fresh issue of 7.32 lakh shares.
HVAX Technologies IPO opens for subscription on September 27, 2024 and closes on October 1, 2024. The allotment for the HVAX Technologies IPO is expected to be finalized on Thursday, October 3, 2024. HVAX Technologies IPO will list on NSE SME with tentative listing date fixed as Monday, October 7, 2024.
HVAX Technologies IPO price band is set at ₹435 to ₹458 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹137,400. The minimum lot size investment for HNI is 2 lots (600 shares) amounting to ₹274,800.
Fedex SecuritiesPvtLtd is the book running lead manager of the HVAX Technologies IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for HVAX Technologies IPO is Aftertrade Broking.
Refer to HVAX Technologies IPO RHP for detailed information.
HVAX Technologies IPO Details
| IPO Date | September 27, 2024 to October 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹435 to ₹458 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 732,000 shares (aggregating up to ₹33.53 Cr) |
| Fresh Issue | 732,000 shares (aggregating up to ₹33.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,044,875 |
| Share holding post issue | 2,776,875 |
| Market Maker portion | 37,200 shares Aftertrade Broking |
HVAX Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
HVAX Technologies IPO Anchor Investors Details
HVAX Technologies IPO raises Rs 9.48 crore from anchor investors. HVAX Technologies IPOAnchor bid date is September 26, 2024.
| Bid Date | September 26, 2024 |
| Shares Offered | 207,000 |
| Anchor Portion Size (In Cr.) | 9.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 1, 2025 |
HVAX Technologies IPO Timeline (Tentative Schedule)
HVAX Technologies IPO opens on September 27, 2024, and closes on October 1, 2024.
| IPO Open Date | Friday, September 27, 2024 |
| IPO Close Date | Tuesday, October 1, 2024 |
| Basis of Allotment | Thursday, October 3, 2024 |
| Initiation of Refunds | Friday, October 4, 2024 |
| Credit of Shares to Demat | Friday, October 4, 2024 |
| Listing Date | Monday, October 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2024 |
HVAX Technologies IPO Lot Size
Investors can bid for a minimum of 300 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹137,400 |
| Retail (Max) | 1 | 300 | ₹137,400 |
| HNI (Min) | 2 | 600 | ₹274,800 |
| Lot Size Calculator | |||
HVAX Technologies IPO Promoter Holding
Nirbhaynarayan Singh and Prayagdatt Mishra are the company's promoters.
| Share Holding Pre Issue | 90.50% |
| Share Holding Post Issue | 66.65% |
About HVAX Technologies Limited
Established in 2010, 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.
Competitive Strengths:
- Experienced promoters and an experienced management team
- Consistent implementation expertise
- Visible growth thanks to a solid order backlog
- Strong and consistent financial performance supported by a solid internal control and risk management system
On August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers.
Company Financials
HVAX Technologies Limited Financial Information (Restated)
HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of HVAX Technologies IPO is Rs 127.18 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 39.29% |
| ROCE | 25.17% |
| Debt/Equity | 0.8 |
| RoNW | 30.69% |
| P/BV | 3.06 |
| PAT Margin (%) | 8.85 |
Check HVAX Technologies IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 45.92 | 33.82 |
| P/E (x) | 9.97 | 13.54 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of March 31, 2024 that is available in RHP.
Objects of the Issue (HVAX Technologies IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding the working capital requirements; and
- General Corporate Purpose.
HVAX Technologies IPO Prospectus
HVAX Technologies IPO Rating
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HVAX Technologies Limited 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/
HVAX Technologies IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hvax.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
HVAX Technologies IPO - Buy or Not
HVAX Technologies IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 0 | 0 | 0 |
| Members | 0 | 0 | 0 |
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HVAX Technologies IPO Lead Manager(s)
- Fedex SecuritiesPvtLtd (Past IPO Performance)
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HVAX Technologies IPO FAQs
HVAX Technologies IPO is a SME IPO of 732,000 equity shares of the face value of ₹10 aggregating up to ₹33.53 Crores. The issue is priced at ₹435 to ₹458 per share. The minimum order quantity is 300 Shares.
The IPO opens on September 27, 2024, and closes on October 1, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HVAX Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in HVAX Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HVAX Technologies IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'HVAX Technologies IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The HVAX Technologies IPO opens on September 27, 2024 and closes on October 1, 2024.
HVAX Technologies IPO lot size is 300 Shares, and the minimum amount required is ₹137,400.
You can apply in HVAX Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HVAX Technologies IPO will be done on Thursday, October 3, 2024, and the allotted shares will be credited to your demat account by Friday, October 4, 2024. Check the HVAX Technologies IPO allotment status.
The HVAX Technologies IPO listing date is not yet announced. The tentative date of HVAX Technologies IPO listing is Monday, October 7, 2024.
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