HVAX Technologies Ltd IPO
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HVAX Technologies Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 7.32 L | TBA | ₹ 2.45 L | ₹ 18.51 L | NSE | ₹ 33.53 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Sep, 24 | 01 Oct, 24 | 300 | ₹ 1,30,500 | Book Building - SME | 07 Oct, 24 |
HVAX Technologies Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 5.61x | 345000 | 1934400 |
| NII | 78.28x | 105300 | 8243100 |
| Retail | 26.72x | 244500 | 6533700 |
| Employee | 0x | 0 | 0 |
| Total | 22.83x | 732000 | 16711200 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
HVAX Technologies Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.66 | 8.06 | 6.79 |
| EBITDA | 14.73 | 9.13 | 8.01 |
| PAT | 9.39 | 5.20 | 4.18 |
| Total Assets | 53.46 | 70.02 | 45.13 |
| Share Capital | 0.68 | 0.62 | 0.62 |
| Total Borrowings | 27.85 | 24.43 | 12.91 |
| Operating Activities (Net Cash) | 10.46 | 6.27 | 5.40 |
| Investing Activities (Net Cash) | 0.37 | 0.72 | 0.41 |
| Financing Activities (Net Cash) | 27.85 | 24.43 | 12.91 |
| Net Cashflow | 4.67 | 8.71 | 6.45 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Ahlada Engineers Ltd
HVAX Technologies Ltd IPO 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.
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Visible growth through a robust order book.
- Scalable Business Model.
How To Apply for HVAX Technologies Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.