IPO

HVAX Technologies Limited IPO

NSE SME

Listed On: Oct 7, 2024 at ₹ 486.0

₹ 274800 /600 Shares
*Min Investment

Check Allotment

27 Sep, 2024

Open Date

01 Oct, 2024

Close Date

03 Oct, 2024

Allotment Date

07 Oct, 2024

Listing Date

Exp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.

HVAX Technologies IPO Issue Details
  • Issue Price ₹435-458 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 7,32,000 shares(aggregating up to ₹33.53 crore)
  • Fresh Share 7,32,000 shares(aggregating up to ₹33.53 crore)
  • Listing at NSE SME
  • List Price 486.0
  • Listing Date 2024-10-07
  • Lead Manager Fedex Securities Pvt Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 300 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1300₹1,37,400
Retail(max)1300₹1,37,400
NII (min) 2600₹2,74,800
HVAX Technologies IPO Reservation

HVAX Technologies IPO offers total 732,000 shares. Out of which 138,000 (18.85%) allocated to QIB, 105,300 (14.39%) allocated to NII,244,500 (33.4%) allocated to RII, NA (NA%) allocated to employees and 207,000 (28.28%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered207,000 (28.28%)
Market Maker Shares Offered37,200 (5.08%)
QIB Shares Offered138,000 (18.85%)
NII (HNI) Shares Offered105,300 (14.39%)
Retail Shares Offered244,500 (33.4%)
Total Shares Offered732,000 (100%)
HVAX Technologies IPO Documents
DRHP
RHP
HVAX Technologies IPO Details


HVAX Technologies Limited IPO is an SME IPO, priced at ₹435-458 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 7,32,000 equity shares, aggregating up to ₹33.53 crores..

The IPO bidding window is open from Sep 27, 2024 to Oct 1, 2024. The allotment is expected to be finalized on Oct 3, 2024, and the tentative listing date is Oct 7, 2024.

The minimum lot size for Retail investors is 300 shares, with a minimum investment of ₹1,37,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,74,800.

Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.

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HVAX Technologies IPO Subscription Analysis And Details
Retail
26.69x
Total
34.16x
As onQIB / NIIRetailTotal
Shares Offered / Reserved138,000 / 105,300244,500732,000
Day 1 27-09-24 06:00 PM
0.00 / 1.09 x1.79 x1.13 x
Day 2 30-09-24 06:00 PM
0.00 / 1.61 x4.17 x2.43 x
Day 3 01-10-24 06:00 PM
14.02 / 77.92 x26.69 x34.16 x
Total No of Applications
21,752
HVAX Technologies Valuations
EPS Pre IPO ₹45.92/-
EPS Post IPO ₹33.82/-
P/E Pre IPO 9.97
P/E Post IPO 13.54
ROE 39.29%
ROCE 25.17%
Debt/Equity 0.80
RoNW 30.69%
PAT Margin 8.85
Price to Book Value 3.06
HVAX Technologies Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets6,366.327,825.595,386.78
Revenue10,746.999,613.866,879.13
Profit After Tax939.07520.37418.15
Net Worth3,059.831,720.771,200.4
Reserves & Surplus2,991.671,659.081,138.71
Total Borrowing2,437.291,692.211,010.03
About HVAX Technologies Company

Established in the year 2010, HVAX Technologies Limited has been offering comprehensive turnkey engineering, procurement, and execution services of controlled environment and cleanroom infrastructure, besides design, engineering, and consulting, to pharmaceutical and healthcare companies.

The company sells the following products made 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 pharmaceutical companies, chemical companies, hospitals, healthcare companies, and FMCG companies are some of the company's customers. HVAX Technologies has successfully completed almost 200 projects in India and in 15 countries, such as Algeria, Ethiopia, United Arab Emirates, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda, and Zimbabwe. In addition, the Company has completed 53 projects, 48 projects, and 52 projects in FY 2024, FY 2023, and FY 2022 respectively, generating revenue from turnkey projects of Rs. 8445.73 lakhs, Rs. 9,343.63 lakhs, and Rs. 6,632.27 lakhs respectively.

As of August 31, 2024, the company had 125 permanent employees and 21 temporary and agency workers.

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HVAX Technologies - Promoter(s)

Nirbhaynarayan Singh

Prayagdatt Mishra

Pre Issue Share Holding : 90.50%

Post Issue Share Holding : 66.65%

HVAX Technologies IPO - Issue Objectives
1

Funding the working capital requirements

2

General Corporate Purpose.

HVAX Technologies IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
HVAX Technologies Limited47.3647.36149.6N/A30.693.07Restated
Ahlada Engineers Limited10.5610.56106.4210.649.93N/AStandalone

Notes:

  1. Earnings per Equity Share (Basic & Diluted) = Restated profit for the period/year attributable to the Equity Shareholders / Weighted average number of Equity Shares outstanding during the period/year.
  2. Net Asset Value per Equity Share is calculated as net worth attributable to the Equity Shareholders of HVAX Technologies Limited at the end of the financial period/year divided by the weighted average number of Equity Shares used in calculating basic earnings per share.
  3. Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of HVAX Technologies Limited divided by restated average Net Worth for Equity Shareholders.
Contact Details

HVAX Technologies

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

022 4972 5039

compliance@hvax.in

http://www.hvax.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

hvax.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/