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.
On August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers.
HVAX Technologies IPO – Details
| IPO Opening Date | 27 September 2024 |
| IPO Closing Date | 01 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 7,32,000 Shares Worth ₹33.53 Crore Fresh Issue: 7,32,000 Shares Worth ₹33.53 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹435 – ₹458 |
| Market Lot | 300 Shares |
| Min Order | 300 Shares |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
HVAX Technologies IPO – Date Schedule
| IPO Open Date | 27 September 2024 |
| IPO Close Date | 01 October 2024 |
| Basis of Allotment | 03 October 2024 |
| Initiation of Refund | 04 October 2024 |
| Credit of Shares to Demat Account | 04 October 2024 |
| IPO Listing Date | 07 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 01, 2024 |
HVAX Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹1,37,400 |
| Retail (Max) | 1 | 300 | ₹1,37,400 |
| HNI (Min) | 2 | 600 | ₹2,74,800 |
Competitive Strengths
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Visible growth through a robust order book.
- Scalable Business Model.
Company Promoters
- Nirbhaynarayan Singh
- Prayagdatt Mishra
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 68.79 | 63.21 | 4.18 | 10.10 |
| 31 March 2023 | 96.13 | 89.14 | 5.20 | 16.92 |
| 31 March 2024 | 107.46 | 94.88 | 9.39 | 24.37 |
Key Performance Indicator
| 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 |
Object Of The Issue
- Funding the working capital requirements; and
- General Corporate Purpose.
HVAX Technologies IPO Promoter Holding
| Pre Issue Share Holding | 90.50% |
| Post Issue Share Holding | 66.65% |
HVAX Technologies IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Fedex Securities Pvt Ltd |
HVAX Technologies IPO FAQs
| What is HVAX Technologies IPO? HVAX Technologies IPO is an SME IPO. The issue is priced at ₹435 and ₹458 per equity share. The IPO is to be listed on NSE SME. |
| When HVAX Technologies IPO will open? The IPO is to open on 27 September 2024 for QIB, NII, and Retail Investors. |
| What is HVAX Technologies IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the HVAX Technologies IPO? You can apply HVAX Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the HVAX Technologies IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “HVAX Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the HVAX Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “HVAX Technologies IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the HVAX Technologies IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “HVAX Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the HVAX Technologies IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “HVAX Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is HVAX Technologies IPO Size? HVAX Technologies IPO size is ₹33.53 Crore. |
| What is HVAX Technologies IPO Price Band? HVAX Technologies IPO Price Band is ₹435 – ₹458. |
| What is HVAX Technologies IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 300 Shares with ₹1,37,400 amount while the maximum bid is 300 Shares with ₹1,37,400. |
| What is the HVAX Technologies IPO Allotment Date? HVAX Technologies IPO allotment date is 03 October 2024. |
| What is the HVAX Technologies IPO Listing Date? HVAX Technologies IPO listing date is 07 October 2024. The IPO is to be listed on NSE SME. |
