What are the important dates for the HVAX Technologies IPO?

The HVAX Technologies IPO opens for subscription on September 27, 2024, and closes on October 1, 2024. The allotment is expected to be finalized on October 3, 2024, and the listing on the NSE SME platform is scheduled for October 7, 2024.

What is the price band and minimum investment for retail investors in the HVAX Technologies IPO?

The price band for the HVAX Technologies IPO is set between ₹435 and ₹458 per share. Retail investors must make a minimum investment of ₹137,400 for purchasing one lot of 300 shares.

What are the financial highlights of HVAX Technologies Limited for the financial year ending March 31, 2024?

For the financial year ending March 31, 2024, HVAX Technologies Limited reported a revenue increase of 12% to ₹107.47 crores and an 80% rise in profit after tax (PAT) to ₹9.39 crores compared to the previous year.

What are the objectives of the HVAX Technologies IPO?

The proceeds from the HVAX Technologies IPO will be utilized to fund working capital requirements and for general corporate purposes, supporting the company’s growth and operational needs.

HVAX Technologies Limited IPO (HVAX Technologies IPO) Detail, IPO Date, Price, GMP & Allotment 2024

Q: What is the size and structure of the HVAX Technologies Limited IPO?

The HVAX Technologies Limited IPO is a book-built issue with a total size of ₹33.53 crores, offering 7.32 lakh fresh shares to the public.

HVAX Technologies Limited IPO Overview

HVAX Technologies Limited is launching its IPO as a book-built issue with a total size of ₹33.53 crores, offering 7.32 lakh fresh shares. The IPO opens for subscription on September 27, 2024, and closes on October 1, 2024. Allotment is anticipated to be finalized on October 3, 2024, with the listing on the NSE SME platform scheduled for October 7, 2024. The price band for the HVAX Technologies IPO is set between ₹435 and ₹458 per share, requiring a minimum investment of ₹137,400 for retail investors purchasing a lot of 300 shares.

For High Net Worth Investors (HNIs), the minimum investment is ₹274,800 for two lots (600 shares). Fedex Securities Pvt Ltd is the book running lead manager for this IPO, while Kfin Technologies Limited serves as the registrar. Aftertrade Broking will act as the market maker for the HVAX Technologies IPO, ensuring a smooth trading experience for investors.

HVAX Technologies Limited IPO Important dates

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 Limited Financial Performance

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.

Metric	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets (in Crores)	63.66 crores	78.26 crores	53.87 crores
Revenue (in Crores)	107.47 crores	96.14 crores	68.79 crores
Profit After Tax (in Crores)	9.39 crores	5.20 crores	4.18 crores
Net Worth (in Crores)	30.60 crores	17.21 crores	12.00 crores
Reserves and Surplus (in Crores)	29.92 crores	16.59 crores	11.39 crores
Total Borrowing (in Crores)	24.37 crores	16.92 crores	10.10 crores

HVAX Technologies Limited IPO 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

	Pre IPO	Post IPO
EPS (Rs)	45.92	33.82
P/E (x)	9.97	13.54

HVAX Technologies Limited 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 Limited IPO Lot Size

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

Application	Lots	Shares	Amount
Retail (Min)	1	300	₹137,400
Retail (Max)	1	300	₹137,400
HNI (Min)	2	600	₹274,800

HVAX Technologies Limited IPO Details

IPO Date	September 27, 2024 to October 1, 2024
Listing Date	[October 7, 2024]
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

HVAX Technologies Limited Company Overview and Services

Founded in 2010, HVAX Technologies Limited specializes in providing comprehensive engineering, procurement, and execution services for controlled environments and cleanroom infrastructure. The company caters primarily to the pharmaceutical and healthcare sectors, offering a range of design, engineering, and consulting services tailored to meet the stringent requirements of these industries.

Product Offerings

HVAX Technologies supplies a variety of high-quality products manufactured by third parties, 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

Clientele and Global Reach

The company serves a diverse clientele, which includes pharmaceutical companies, chemical manufacturers, hospitals, healthcare organizations, and FMCG enterprises. HVAX Technologies has successfully completed approximately 200 projects across India and in 15 countries, including Algeria, Ethiopia, the UAE, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda, and Zimbabwe.

In recent years, HVAX Technologies has demonstrated strong project execution capabilities, completing 53 projects in FY 2024, 48 in FY 2023, and 52 in FY 2022. This performance resulted in significant revenue from turnkey projects, amounting to ₹84.46 crores in FY 2024, ₹93.44 crores in FY 2023, and ₹66.32 crores in FY 2022.

Competitive Strengths

Experienced Leadership: HVAX Technologies boasts a team of seasoned promoters and management professionals with extensive industry knowledge.
Proven Implementation Expertise: The company has consistently delivered complex projects, showcasing its operational capabilities.
Strong Order Backlog: Visible growth prospects are backed by a robust order backlog, indicating future revenue streams.
Financial Stability: HVAX Technologies maintains a strong financial performance, supported by effective internal control and risk management systems.

As of August 31, 2024, HVAX Technologies employs 125 permanent staff and an additional 21 temporary and agency workers, reinforcing its commitment to operational excellence and quality service delivery.

HVAX Technologies Limited IPO SWOT Analysis

Strengths:

Innovative Technology: HVAX Technologies focuses on cutting-edge technology solutions, enhancing its competitive edge in the tech industry.
Strong R&D Capabilities: The company invests significantly in research and development, fostering innovation and the development of new products.
Experienced Management Team: A seasoned management team with a proven track record in the technology sector drives strategic growth.
Diverse Product Portfolio: HVAX Technologies offers a wide range of products and services, catering to various market segments, which helps mitigate risks associated with dependency on a single product line.

Weaknesses:

High Operating Costs: The technology sector often involves high operational expenses, which may impact profitability, especially during periods of low revenue.
Limited Brand Recognition: As a relatively new player in the market, HVAX may struggle with brand recognition compared to established competitors.
Vulnerability to Market Fluctuations: The company’s performance is closely tied to market demand for technology solutions, making it susceptible to economic downturns.

Opportunities:

Growing Technology Demand: With increasing reliance on technology across industries, there is significant potential for growth and expansion.
Strategic Partnerships: Collaborations with other tech firms or industries can enhance product offerings and market reach.
Expansion into Emerging Markets: Tapping into emerging markets can provide new revenue streams and customer bases.
Digital Transformation Trends: The ongoing digital transformation across various sectors presents opportunities for HVAX to offer innovative solutions.

Threats:

Intense Competition: The technology sector is highly competitive, with numerous players vying for market share, which can pressure pricing and margins.
Rapid Technological Changes: The fast-paced nature of technology can render products obsolete quickly, requiring continuous innovation.
Regulatory Challenges: Compliance with regulations related to technology and data privacy can increase operational costs and complexity.
Economic Instability: Economic downturns may lead to reduced spending on technology solutions, affecting revenue.

HVAX Technologies Limited IPO GMP Details

HVAX Technologies SME IPO last GMP is ₹0, last updated Sep 26th 2024. With the price band of 458.00, HVAX Technologies SME IPO’s estimated listing price is ₹458 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

Stay with us to know the daily price trend of HVAX Technologies SME IPO GMP with expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
26-09-2024	458.00	₹0	—	₹458 (0%)	26-Sep-2024
25-09-2024	458.00	₹0	—	₹458 (0%)	25-Sep-2024
24-09-2024	458.00	₹0	—	₹458 (0%)	24-Sep-2024

HVAX Technologies Limited IPO subscription status

HVAX Technologies IPO subscribed 4.13 times. The public issue subscribed 6.78 times in the retail category, 0.00 times in QIB, and 3.38 times in the NII category by October 1, 2024.

Investor Category	Subscription (times)	Shares Offered*	Shares bid for	Total Amount (Rs Cr.)*
Anchor Investors	1	2,07,000	2,07,000	9.48
Market Maker	1	37,200	37,200	1.70
Qualified Institutions	0.00	1,38,000	0	0
Non-Institutional Buyers***	3.38	1,05,300	3,56,100	16.31
Retail Investors	6.78	2,44,500	16,58,700	75.97
Total **	4.13	4,87,800	20,14,800	92.28

Total Application : 5,529

Note:

*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
***: Market Maker portion is not included to NII/HNI.

HVAX Technologies IPO Subscription Details (times)

Date	NII*	Retail	Total
Day 1 Sep 27, 2024	1.09	1.79	1.13
Day 2 Sep 30, 2024	1.61	4.17	2.43
Day 3 Oct 1, 2024	3.38	6.78	4.13

HVAX Technologies Limited IPO Allotment status

The allotment status of HVAX Technologies IPO is expected to be available on October 3, 2024.

HVAX Technologies IPO allotment status is not available at this time. HVAX Technologies IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for HVAX Technologies Limited IPO allotment status.

To check HVAX Technologies IPO allotment status, follow the steps below:

Click on the below allotment status check button.
Select Company Name.
Enter your PAN Number, Application Number or DP Client ID (Anyone).
Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to hvax.ipo@kfintech.com.

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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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