HVAX Technologies IPO
IPO Listing Details
- Listing Date
07 Oct 2024
- Listing Price
₹ 486.00
- Listing Change
6.11%
- Last Traded Price
₹ 495.90
IPO Details
- Open Date
27 Sep 2024
- Close Date
01 Oct 2024
- IPO Price Range
₹ 435- ₹ 458
- IPO Size
₹ 33.53 Cr
- Listing Exchange
NSE SME
- Listing Date
07 Oct 2024
IPO Timeline
HVAX Technologies IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
27-Sep-24 | 0.00 | 1.09 | 1.77 | 1.12 |
30-Sep-24 | 0.00 | 1.60 | 4.11 | 2.41 |
01-Oct-24 | 14.02 | 77.92 | 26.69 | 34.16 |
Last Updated: 01 October 2024 6:29 PM by 5Paisa
HVAX Technologies IPO is set to open on 27 September 2024 and will close on 1 October 2024. HVAX Technologies specializes in providing complete solutions for creating controlled environments and cleanroom facilities. They offer services such as engineering, procurement and project execution along with design, engineering and consulting for pharmaceutical and healthcare companies.
The IPO includes a fresh issue of 7.32 lakh shares aggregating ₹33.53 Cr and does not include OFS. The price range is set between ₹435 - ₹458 per share and the lot size is 300 shares.
The allotment is scheduled to be finalized on 3 October 2024. It will go public on NSE SME, with a tentative listing date of 7 October 2024.
Fedex Securities Pvt Ltd is the book running lead manager, while Kfin Technologies Limited is the registrar.
HVAX Technologies IPO Size
Types | Size |
---|---|
Total IPO Size | ₹33.53 Cr |
Offer For Sale | - |
Fresh Issue | ₹33.53 Cr |
HVAX Technologies IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 300 | ₹137,400 |
Retail (Max) | 1 | 300 | ₹137,400 |
HNI (Min) | 2 | 600 | ₹274,800 |
HVAX Technologies IPO Reservation
Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
---|---|---|---|---|
QIB | 14.02 | 1,38,000 | 19,34,400 | 88.60 |
NII (HNI) | 77.92 | 1,05,300 | 82,05,000 | 375.79 |
Retail | 26.69 | 2,44,500 | 65,25,600 | 298.87 |
Total | 34.16 | 4,87,800 | 1,66,65,000 | 763.26 |
HVAX Technologies IPO Anchor Allocation
Anchor Bid Date | 26 September, 2024 |
Shares Offered | 207,000 |
Anchor portion Size (In ₹ Cr.) | 9.48 |
Anchor lock-in period end date for 50% shares (30 Days) | 2 November, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | 1 January, 2025 |
1. For working capital requirements
2. General corporate purposes
Founded in 2010, HVAX Technologies specializes in providing complete engineering, procurement and execution services for controlled environments and cleanroom infrastructure. They also offer design, engineering and consulting services primarily catering to pharmaceutical and healthcare industries.
HVAX supplies products manufactured by third parties such as cleanroom wall and ceiling panels, cleanroom doors, flooring systems, air showers and electrical panels, along with equipment like air handling units, chillers and Building Management Systems (BMS).
The company serves a wide range of clients, including pharmaceutical, chemical, hospital, healthcare and FMCG companies. HVAX has completed around 200 projects in India and 15 other countries like Algeria, Kenya, and Saudi Arabia. In the last three years, they completed 53 projects in FY 2024, 48 in FY 2023 and 52 in FY 2022, generating revenues of ₹8445.73 lakhs, ₹9,343.63 lakhs and ₹6,632.27 lakhs from these turnkey projects, respectively.
Peers
Ahlada Engineers Limited
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Revenue | 107.47 | 96.14 | 68.79 |
EBITDA | 13.83 | 8.56 | 6.89 |
PAT | 9.39 | 5.20 | 4.18 |
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Total Assets | 63.66 | 78.26 | 53.87 |
Share Capital | 0.68 | 0.62 | 0.62 |
Total Borrowings | 24.37 | 16.92 | 10.10 |
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Net Cash Generated From / (used in) operating activities | -12.24 | -3.62 | -0.84 |
Net Cash Generated From / (used in) investing activities | -1.68 | -0.23 | 1.60 |
Net Cash Generated From / (used in) financing activities | 9.87 | 6.12 | 2.49 |
Net Increase (Decrease) In Cash And Cash Equivalents | -4.04 | 2.26 | 3.34 |
Strengths
1. The company is led by a team with deep industry expertise and a proven track record. Their experience helps HVAX navigate complex projects and maintain strong client relationships.
2. HVAX offers a comprehensive range of services, from design to procurement and execution, enabling them to deliver complete solutions to clients. This integrated approach adds value and strengthens client satisfaction.
3. With a solid pipeline of projects, HVAX has demonstrated consistent growth as seen in the increasing number of completed projects and revenue over the past three years.
Risks
1. Since HVAX relies on third party manufacturers for the products they supply any disruptions in their supply chain or quality issues could impact project timelines and client satisfaction.
2. While the company has a growing order book, the revenue from turnkey projects has shown some fluctuations. Economic downturns or delays in project execution could lead to inconsistent cash flow.
3. With projects spread across various countries, HVAX is exposed to geopolitical risks, regulatory changes and currency fluctuations which could affect international operations and profitability.
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FAQs
HVAX Technologies IPO opens from 27 September to 1 October 2024.
The size of the HVAX Technologies IPO is ₹33.53 Cr.
The price of the HVAX Technologies IPO is fixed at ₹435 - ₹458 per share.
To apply for HVAX Technologies IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for HVAX Technologies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of HVAX Technologies IPO is 300 shares and the investment required is ₹1,30,500.
The share allotment date of HVAX Technologies IPO is 3 October 2024.
The HVAX Technologies IPO will be listed on 7 October 2024.
Fedex Securities Pvt Ltd is the book running lead manager for HVAX Technologies IPO.
HVAX Technologies plans to utilize the raised capital from the IPO for:
1. For working capital requirements
2. General corporate purposes
Contact Information
HVAX Technologies
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hvax.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
HVAX Technologies IPO Lead Manager
Fedex Securities Pvt Ltd
HVAX Technologies IPO Launch: Ke...
25 Sep 2024