The HVAX Technologies IPO will open on September 27, 2024, and close on October 1, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹33.53 crores through a combination of a fresh issue of ₹33.53 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the HVAX Technologies IPO is set between ₹435 and ₹458 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) have a quota of 50%, and High Net Worth Individuals (HNI) have a quota of 15%. The IPO is expected to list on the NSE on October 7, 2024, with allotments finalized by October 3, 2024.
In terms of financial performance, the company reported revenue of ₹107.47 crores in 2024, up from ₹96.14 crores in 2023. Profits also increased, reaching ₹9.39 crores in 2024 compared to ₹5.20 crores in 2023. Based on these financials, investors may consider applying for the IPO as a long-term investment.
Objects of the Issue
To fund working capital requirements.
For general corporate purposes.
HVAX Technologies IPO Review
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HVAX Technologies IPO Details
| IPO Open Date: | September 27, 2024 |
| IPO Close Date: | October 1, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹435 to ₹458 Per Share |
| Issue Size: | Approx ₹33.53 Crores |
| Fresh Issue: | Approx ₹33.53 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
HVAX Technologies IPO Market Lot
The minimum market lot for the HVAX Technologies IPO is 300 shares, requiring an application amount of ₹1,37,400.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 300 | ₹ 1,37,400 |
| Retail Maximum | 1 | 300 | ₹ 1,37,400 |
| HNI Minimum | 2 | 600 | ₹ 2,74,800 |
HVAX Technologies IPO Dates
The HVAX Technologies IPO will open on September 27, 2024, and close on October 1, 2024. Allotments will be finalized on October 3, 2024, with the IPO listing scheduled for October 7, 2024.
| IPO Open Date: | September 27, 2024 |
| IPO Close Date: | October 1, 2024 |
| Basis of Allotment: | October 3, 2024 |
| Refunds: | October 4, 2024 |
| Credit to Demat Account: | October 4, 2024 |
| IPO Listing Date: | October 7, 2024 |
Promoters of HVAX Technologies IPO
The promoters of HVAX Technologies are Nirbhaynarayan Singh and Prayagdatt Mishra.
About HVAX Technologies IPO
HVAX Technologies Limited was originally established at 601, Lodha Supremus, I-Think Techno Campus, Kanjurmarg (East), Mumbai – 400042, Maharashtra. The company was incorporated as a Private Limited entity under the Companies Act, 1956, with a certificate of incorporation dated November 26, 2010, issued by the Deputy Registrar of Companies, Maharashtra, Mumbai. On December 11, 2023, it was converted from a private limited company to a public limited company through a special resolution passed in an Extraordinary General Meeting, and the name change to Public Limited was officially recorded on January 8, 2024.
HVAX Technologies is engaged in turnkey projects involving engineering, procurement, and execution of controlled environment infrastructure and cleanrooms. The company also provides design, engineering, and consultancy services tailored for pharmaceutical and healthcare firms. Their consultancy services include engineering consultancy, GAP analysis and validation, containment consultancy, technology transfer, and project feasibility studies within the pharma sector.
The company boasts a diversified business model, with a broad customer base both geographically and across various sectors. They provide turnkey solutions, design and engineering services, and the sale and supply of equipment to their clients in the pharmaceutical and healthcare industries.
Key Performance Indicator
As of March 31, 2024, the market capitalization of HVAX Technologies stands at ₹127.18 crores.
| KPI | Values |
| ROE | 39.29% |
| ROCE | 25.17% |
| Debt/Equity | 0.8 |
| RoNW | 30.69% |
| P/BV | 3.06 |
| PAT Margin (%) | 8.85 |
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HVAX Technologies IPO Financial Report
In 2024, HVAX Technologies reported revenue of ₹107.47 crores, compared to ₹96.14 crores in 2023. The company also recorded a profit of ₹9.39 crores in 2024, up from ₹5.20 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 68.79 | ₹ 63.21 | ₹ 4.18 | ₹ 53.87 |
| 2023 | ₹ 96.14 | ₹ 89.15 | ₹ 5.20 | ₹ 78.26 |
| 2024 | ₹ 107.47 | ₹ 94.88 | ₹ 9.39 | ₹ 63.66 |
HVAX Technologies IPO Valuation – FY2024
Check HVAX Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 39.29% |
| ROCE: | 25.17% |
| EBITDA Margin: | 13.04% |
| PAT Margin: | 8.85% |
| Debt to equity ratio: | 0.8 |
| Earning Per Share (EPS): | ₹47.36 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.69% |
| Net Asset Value (NAV): | ₹ 149.63 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ahlada Engineers Limited | 10.56 | 10.64 | 9.93% | 106.42 | 259.52 Cr. |
HVAX Technologies IPO Registrar
- KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: hvax.ipo@kfintech.com
- Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers (Merchant Bankers)
Fedex Securities Pvt Ltd
Company Address
- 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 FAQs
What is the HVAX Technologies IPO?
The HVAX Technologies IPO is an SME IPO through which the company aims to raise ₹33.53 crores. The issue price is set between ₹435 and ₹458 per equity share, and the IPO will be listed on the NSE.
When will the HVAX Technologies IPO open for subscription?
The IPO will open for subscription in October 2024, closing on October 1, 2024, for QIB, NII, and Retail Investors.
What is the investors’ portion in the HVAX Technologies IPO?
The allocation is 50% for QIB, 15% for NII, and 35% for Retail Investors.
How can I apply for the HVAX Technologies IPO?
You can apply for the HVAX Technologies IPO via ASBA online through your bank account or via UPI through your stock brokers. Additionally, you can apply by filling out an offline form with your stock broker.
What is the issue size of the HVAX Technologies IPO?
The issue size of the HVAX Technologies IPO is ₹33.53 crores.
What is the price band for the HVAX Technologies IPO?
The price band for the HVAX Technologies IPO is set between ₹435 and ₹458 per share.