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HVAX Technologies Ltd IPO

Since our incorporation in 2010, we have evolved from our origins of acting as a HVAC project contractor and have developed expertise in undertaking turnkey projects on engineering, procurement and execution of controlled environment infrastructure and cleanrooms; design, engineering and consultancy services for pharma and healthcare companies; and sale and supply of equipment. While our primary customers are pharmaceutical companies, our customers also include chemical companies, hospitals, healthcare companies, and FMCG companies.

HVAX Technologies Ltd IPO Details

Total Shares Offered

₹ 7,32,000

Offer to Public

TBA

Retail Max (Shares)

₹ 2,44,500

Pre Issue Promoters Holding

₹ 18,50,703

Exchange

NSE

Issue size

₹ 33.53 Cr

IPO Open Date

Sep 27, 2024

Close Date

Oct 1, 2024

Lot Size

300

Min Investment

₹ 1,30,500

Issue Type

Book Building - SME

Listing Date

Oct 7, 2024

HVAX Technologies Ltd IPO Dates

Sep 27, 2024

Opening date

Oct 1, 2024

Closing date

Oct 3, 2024

Basis of Allotment

Oct 4, 2024

Initiation of Refunds

Oct 4, 2024

Credit of Shares

Oct 7, 2024

Listing date

Details

Sector	Type
Sector	Engineering - Turnkey Services
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	345000
NII	0x	105300
Retail	0x	244500
Employee	0x	0
Total	0x	732000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

345000

105300

244500

732000

HVAX Technologies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	16.50	12.49	8.06
EBITDA	18.04	13.56	9.13
PAT	11.04	8.52	5.20
Total Assets	112.99	53.46	70.02
Share Capital	2.78	0.68	0.62
Total Borrowings	34.35	27.85	24.43
Operating Activities (Net Cash)	12.58	9.59	6.27
Investing Activities (Net Cash)	0.03	0.37	0.72
Financing Activities (Net Cash)	34.35	27.85	24.43
Net Cashflow	14.27	4.67	8.71

About HVAX Technologies Ltd

Our Company was originally incorporated as HVAX Technologies Private Limited as a private limited company under the Companies Act, 1956 vide certificate of incorporation dated November 26, 2010 issued by Deputy Registrar of Companies, Maharashtra, Mumbai. Further, our Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of our Company dated December 11, 2023 and consequently, the name of our Company was changed from HVAX Technologies Private Limited to HVAX Technologies Limited and a fresh certificate of incorporation dated January 8, 2024 was issued to our Company by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U74999MH2010PLC210329.

Real GDP or GDP at Constant (2011-12) Prices in the year 2023-24 is estimated at Rs. 172.90 lakh crores (US$ 2.07 trillion), against the First Revised Estimates (FRE) of GDP for the year 2022-23 of Rs. 160.71 lakh crores (US$ 1.92 trillion). The growth in real GDP during 2023-24 is estimated at 7.6% as compared to 7.0% in 2022-23. There are 113 unicorn startups in India, with a combined valuation of over US$ 350 billion. With India presently has the third-largest unicorn base in the world. The government is also focusing on renewable sources by achieving 40% of its energy from non-fossil sources by 2030.

Peer Comparison:

Ahlada Engineers Ltd

HVAX Technologies Ltd Key Points

Strengths

Experienced Promoters and Management Team.

End-to-end execution capabilities.

Visible growth through a robust order book.

Scalable Business Model.

Risk

The Company is dependent on few numbers of customers for sales. The loss of any of this large customer may affect its revenues and profitability.

The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

Significant portion of its supply are from the company related parties being HVAX Engineering and Isovax Technologies.

Strategy

Continue to enhance our project execution capabilities and increase our turnkey business.

Maximizing Opportunities in Existing Markets and Expanding Footprint in Overseas Markets.

Selectively Pursue Large Value and Complex Projects.

How To Apply for HVAX Technologies Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the HVAX Technologies Ltd IPO?

HVAX Technologies Ltd's IPO offers shares for up to 33.53 It begins on Sep 27, 2024 and ends on Oct 1, 2024.

What is the price of the HVAX Technologies Ltd IPO?

The price of HVAX Technologies Ltd IPO ranges between ₹435 to ₹458 per share.

What are the open and close dates for the HVAX Technologies Ltd IPO?

The HVAX Technologies Ltd IPO opens on Sep 27, 2024 and closes on Oct 1, 2024.

When will the HVAX Technologies Ltd IPO be allotted?

The allotment for the HVAX Technologies Ltd IPO will be finalised on Oct 3, 2024. The shares will be listed on BSE and NSE on Oct 7, 2024.

What is the minimum lot size required for HVAX Technologies Ltd IPO?

The minimum lot size for HVAX Technologies Ltd IPO is 300 shares, priced between ₹435 to ₹458 per share.

What is the GMP of HVAX Technologies Ltd IPO?

The GMP (Grey Market Premium) of HVAX Technologies Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of HVAX Technologies Ltd IPO?

To check the allotment status of HVAX Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the HVAX Technologies Ltd IPO getting listed?

The HVAX Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 27, 2024, and closes on Oct 1, 2024. The allotment is finalised on Oct 3, 2024.

How do you apply for the HVAX Technologies Ltd IPO?

To apply for the HVAX Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.