October 7, 2024
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HVAX Technologies listing Review
The scrip is listed at Rs. 486, premium of 6.11% over the issue price.
HVAX Technologies IPO allotment Link
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Subscription status of HVAX Technologies IPO
Will update once the IPO opens for subscription
What is the business of HVAX Technologies?
HVAX Technologies Limited: Partner in Cleanroom Solutions
Founded in 2010, HVAX Technologies Limited specializes in providing turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure. Our comprehensive design, engineering, and consulting services cater specifically to the pharmaceutical and healthcare industries.
Comprehensive Product Offerings
It offers a wide range of high-quality products sourced from trusted third-party manufacturers, including:
- 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
Diverse Clientele
Its esteemed clients include leading pharmaceutical companies, chemical manufacturers, hospitals, healthcare providers, and FMCG companies. HVAX Technologies has successfully completed approximately 200 projects in India and across 15 countries, including Algeria, Ethiopia, the United Arab Emirates, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda, and Zimbabwe.
Proven Project Success
In recent fiscal years, it has demonstrated significant growth in project execution:
- FY 2024: 53 projects completed, generating revenue of Rs. 8,445.73 lakhs
- FY 2023: 48 projects completed, with revenue of Rs. 9,343.63 lakhs
- FY 2022: 52 projects completed, yielding Rs. 6,632.27 lakhs
Competitive Advantages
HVAX Technologies stands out in the industry due to its:
- Experienced Management Team: Led by seasoned promoters with deep industry knowledge.
- Implementation Expertise: Consistent track record of successful project execution.
- Strong Order Backlog: Ensuring visible growth and sustained operations.
- Financial Stability: Robust performance supported by effective internal controls and risk management systems.
Its Workforce
As of August 31, 2024, HVAX Technologies employs 125 permanent staff alongside 21 temporary and agency workers, all dedicated to maintaining its high standards of service and quality.
Get more information about the company @ http://www.hvax.in/
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HVAX Technologies IPO Details |
|
| IPO opens on | 27 September 2024 |
| IPO closes on | 1 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7,32,000 Shares / Rs 33.53 Crore |
| * Fresh Issue | 732,000 Shares / Rs 33.53 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 37,200 Shares |
| Net offer to Public | 694800 Shares/ Rs.31.82 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.435-458 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 300 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | 347400 | 15.91 |
| NII (50%) | 104220 | 4.77 |
| RII (50%) | 243180 | 11.14 |
| Total Shares | 694800 | 31.82 |
| Retail portion will be oversubscribed by |
811 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 300 Shares | Rs.137400 |
| Min HNI Application | 600 Shares | Rs.274800 |
Who are the Promoters of HVAX Technologies?
Nirbhaynarayan Singh and Prayagdatt Mishra are the company’s promoters
What are the Objects of HVAX Technologies IPO?
The Offer comprises of fresh issue of shares.
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.
Tentative timetable |
|
| IPO opens on | 27 September 2024 |
| IPO Closes on | 1 October 2024 |
| IPO Allotment on | 3 October 2024 |
| Refund Initiation | 4 October 2024 |
| Credit of Shares | 4 October 2024 |
| Listing on | 7 October 2024 |
| Registered Office of the Company HVAX Technologies Limited 601, Lodha Supremus, I-Think Techno Campus, Kanjurmarg (East), Mumbai – 400042 |
| Who is the Lead Manager of this IPO? Fedex Securities Pvt Ltd |
|
Who is the Registrar to IPO? Kfin Technologies Limited |
HVAX Technologies IPO GMP grey market premium, review, Subscription, allotment, listing estimate
HVAX Technologies IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 68.79 | 4.18 | 22.59 | |
| 2022-23 | 96.14 | 5.20 | 28.12 | |
| 2023-24 | 107.47 | 9.39 | 47.36 | 30.69 |
| Book Value of the Share on 31.03.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 458 | ||
IPO
|
|
| Price/EPS of 23-24 | 9.97 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How HVAX Technologies IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| HVAX Technologies | 10 | 106 | 9.97 |
| Ahlada Engineers | 10 | 260 | 23.10 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
HVAX Technologies IPO Review
Founded in 2010, HVAX Technologies Limited specializes in providing turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure. Our comprehensive design, engineering, and consulting services cater specifically to the pharmaceutical and healthcare industries.
Size: Net size of the IPO is Rs.31.82 crore, comprising of 694800 shares. IPO size is not very large considering the recent trends. However due to large number of IPOs opening now, huge oversubscription may not be possible
Financial Snapshot: The company has good profitability.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
HVAX Technologies IPO GMP today allotment, review?
HVAX Technologies IPO GMP grey market premium
HVAX TechnologiesIPO FAQs
What is HVAX Technologies IPO?
This is a SME IPO of 7,32,000 equity shares of the face value of Rs. 10 aggregating up to Rs.33.53 Crores. The issue is priced at Rs.458 per share. The minimum order quantity is 300 Shares.
When will HVAX Technologies IPO subscription open?
HVAX Technologies IPO opens on September 27, 2024, and closes on October 1, 2024.
What is the lot size of HVAX Technologies IPO?
HVAX Technologies IPO lot size is 300 Shares, and the minimum amount required is Rs.137400
How to apply for HVAX Technologies IPO?
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.
When is HVAX Technologies IPO allotment?
The finalization of Basis of Allotment for HVAX Technologies IPO will be done on October 3, 2024, and the allotted shares will be credited to your demat account by October 4, 2024.
When is HVAX Technologies IPO listing date?
HVAX Technologies IPO listing date is October 7, 2024.
