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20 Nov 2024
HVAX Technologies Limited IPO, GMP, Details, Price, And Review
HVAX Technologies Limited, incorporated initially as HVAX Technologies Private Limited under the Companies Act, 1956, was converted from a Private Limited to a Public Limited Company via a Special Resolution passed at the Extra-ordinary General Meetings of the Company, dated December 11, 2023. It was consequently named as HVAX Technologies Limited.
The fresh certificate was issued on January 8, 2024, as issued by the Registrar of Companies, Mumbai. The CIN (Corporate Identification Number) of the company is U74999MH2010PLC210329.
- ● Issue Type: Book Built Issue
- ● Total Issue Size: ₹33.53 crores
- ● Fresh Issue: 7.32 lakh shares Important Dates
- ● Opening Date: September 27, 2024
- ● Closing Date: October 1, 2024 Pricing Details
- ● Price Band: ₹435 to ₹458 per share
- ● Minimum Lot Size: 300 shares Key Participants
- ● Book Running Lead Manager: Fedex Securities Pvt Ltd
- ● Registrar: Kfin Technologies Limited
- ● Market Maker: Aftertrade Broking
HVAX Technologies IPO Overview:
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
HVAX Technologies Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 07-10-2024 | 458 | 25 (5.46%) | 07-Oct-2024 12:15 |
| 04-10-2024 | 458 | 15 (3.28%) | 04-Oct-2024 12:25 |
| 03-10-2024 | 458 | 15 (3.28%) | 03-Oct-2024 12:50 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
HVAX Technologies IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 27, 2024 to October 1, 2024 |
| Listing Date | [.] |
| 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 |
| Shareholding pre issue | 2,044,875 |
| Shareholding post issue | 2,776,875 |
| Market Maker portion | 37,200 shares Aftertrade Broking |
HVAX Technologies IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 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 Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
HVAX Technologies IPO Promoter Holding
| Share Holding Pre Issue | 90.50% |
| Share Holding Post Issue | 66.65% |
HVAX Technologies IPO Anchor Investors Details
| Bid Date | September 26, 2024 |
| Shares Offered | 207,000 |
| Anchor Portion Size (In Cr.) | 9.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 1, 2025 |
Company & Financials
HVAX Technologies Limited was established in 2010. The company offers turnkey engineering along with procurement as well as the execution of controlled environment and cleanroom infrastructure- design, consulting services, and engineering services to healthcare and pharmaceutical companies.
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Company supplies 3rd party manufactured products including,
- ● Cleanroom wall panels
- ● Cleanroom ceiling panels
- ● Covings
- ● Riser panels
- ● Cleanroom doors
- ● Flooring systems
- ● Pass boxes
- ● Air showers
- ● LT/HT electrical panels
- ● Prefabricated galvanized iron (GI) ducts
- ● Air handling units
- ● Chillers
- ● Building Management Systems (BMS) Equipment
- ● Utility generation and distribution Equipment.
The customer list of the company includes pharmaceutical companies, healthcare companies, chemical companies, hospitals, and FMCG companies. HVAX Technologies has completed 200+ projects in India and 15 other countries, including UAE, Nepal, South Africa, New Zealand, Ghana, Zimbabwe, etc. Furthermore, the company has executed,
-
Competitive Strengths:
- ● Team of experienced promoters and management team.
- ● Consistent expertise implementation.
- ● Visible growth; all thanks to the solid order backlog.
- ● Stronger and consistent financial performance which is supported by the solid risk management and internal control system.
HVAX Technologies Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 6,366.32 | 7,825.59 | 5,386.78 | |||||||||||||||||||||||||||||||||||||
| Revenue | 10,746.99 | 9,613.86 | 6,879.13 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 939.07 | 520.37 | 418.15 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 3,059.83 | 1,720.77 | 1,200.4 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 2,991.67 | 1,659.08 | 1,138.71 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,437.29 | 1,692.21 | 1,010.03 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of HVAX Technologies IPO
The Company proposes the use of Net Proceeds via the Issue to fund:
HVAX Technologies IPO Review
The company is engaged in HAVC project contracting along with related services, it serves primarily pharma/healthcare/FMCG sector customers. The company posted growth in its top and bottom lines for the reported periods, but the net margins raised concern over its sustainability going forward. Based on FY24 earnings, the issue appears fully priced. Small equity capital post-IPO indicates a longer gestation period. Well-informed investors may park funds for the medium term.
FAQs for HVAX Technologies IPO
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Which IPO is being launched by HVAX Technologies?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹33.53 Crores through the issue that’s priced at ₹435 to ₹458 per equity share.
-
When does the subscription for HVAX Technologies IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 27, 2024, and closes on October 1, 2024.
-
What is HVAX Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the issue size of HVAX Technologies IPO?
₹33.53 Crores is HVAX Technologies IPO issue size.
-
What is the Price Band for HVAX Technologies IPO?
₹435 to ₹458 is the Price Band for HVAX Technologies IPO.
-
What is the lot size of HVAX Technologies IPO?
300 Shares with ₹137,400 amount is the lot size.
-
What is the Allotment date for HVAX Technologies IPO?
October 3, 2024, is the allotment date for HVAX Technologies IPO.
-
What is the listing date for the HVAX Technologies IPO?
October 7, 2024, is the listing date for HVAX Technologies. The IPO will be listed on the NSE.
-
What is HVAX Technologies current GMP?
The current GMP of HVAX Technologies is 25 (5.46%).
RHP:
RHP of HVAX Technologies Limited IPO
-
Which IPO is being launched by HVAX Technologies?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹33.53 Crores through the issue that’s priced at ₹435 to ₹458 per equity share.
-
When does the subscription for HVAX Technologies IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 27, 2024, and closes on October 1, 2024.
-
What is HVAX Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the issue size of HVAX Technologies IPO?
₹33.53 Crores is HVAX Technologies IPO issue size.
-
What is the Price Band for HVAX Technologies IPO?
₹435 to ₹458 is the Price Band for HVAX Technologies IPO.
-
What is the lot size of HVAX Technologies IPO?
300 Shares with ₹137,400 amount is the lot size.
-
What is the Allotment date for HVAX Technologies IPO?
October 3, 2024, is the allotment date for HVAX Technologies IPO.
-
What is the listing date for the HVAX Technologies IPO?
October 7, 2024, is the listing date for HVAX Technologies. The IPO will be listed on the NSE.
-
What is HVAX Technologies current GMP?
The current GMP of HVAX Technologies is 25 (5.46%).
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