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HVAX Technologies IPO vs Paramount Dye Tec IPO

Comparison between HVAX Technologies IPO and Paramount Dye Tec IPO.

IPO Details

HVAX Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Paramount Dye Tec IPO is a SME Bookbuilding proposed to list at NSE SME.

 HVAX Technologies IPOParamount Dye Tec IPO
LogoHVAX Technologies IPO LogoParamount Dye Tec IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of HVAX Technologies IPO is up to ₹31.82 Cr whereas the issue size of the Paramount Dye Tec IPO is up to ₹27.00 Cr. The final issue price of HVAX Technologies IPO is ₹458.00 per share and of Paramount Dye Tec IPO is ₹117.00 per share.

 HVAX Technologies IPOParamount Dye Tec IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹435.00 per share₹111.00 per share
Issue Price (Upper)₹458.00 per share₹117.00 per share
Issue Price (Final)₹458.00 per share₹117.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size300 shares1200 shares
Fresh Issue Size6,94,800 shares23,07,600 shares
Fresh Issue Size (Amount)up to ₹31.82 Crup to ₹27.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total6,94,800 shares23,07,600 shares
Issue Size Total (Amount)up to ₹31.82 Crup to ₹27.00 Cr

IPO Timetable

HVAX Technologies IPO opens on Sep 27, 2024, while Paramount Dye Tec IPO opens on Sep 30, 2024. The closing date of HVAX Technologies IPO and Paramount Dye Tec IPO is Oct 01, 2024, and Oct 03, 2024, respectively.

 HVAX Technologies IPOParamount Dye Tec IPO
Anchor Bid DateSep 26, 2024Sep 27, 2024
Issue OpenSep 27, 2024Sep 30, 2024
Issue CloseOct 01, 2024Oct 03, 2024
Basis Of Allotment (Tentative)Oct 03, 2024Oct 04, 2024
Initiation of Refunds (Tentative)Oct 04, 2024Oct 07, 2024
Credit of Share (Tentative)Oct 04, 2024Oct 07, 2024
Listing date (Tentative)Oct 07, 2024Oct 08, 2024
Anchor Lockin End date 1Nov 01, 2024Nov 03, 2024
Anchor Lockin End date 2Dec 31, 2024Jan 02, 2025

Financials & KPIs

HVAX Technologies IPO P/E ratio is 9.97, as compared to Paramount Dye Tec IPO P/E ratio of 14.91.

 HVAX Technologies IPOParamount Dye Tec IPO
Financials

HVAX Technologies Limited Financial Information (Restated)

HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets6,366.327,825.595,386.78
Total Income10,746.999,613.866,879.13
Profit After Tax939.07520.37418.15
Net Worth3,059.831,720.771,200.4
Reserves and Surplus2,991.671,659.081,138.71
Total Borrowing2,437.291,692.211,010.03
Amount in ₹ Lakhs

Paramount Dye Tec Limited Financial Information (Restated)

Period Ended31 Mar 202431 Jan 2024
Assets5,549.653,490.07
Total Income2,367.92,955.91
Profit After Tax354.09278.65
Net Worth3,032.061
Reserves and Surplus3,029.81
Total Borrowing1,627.372,247.76
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.5099.97
Promoter Shareholding (Post-Issue)66.6564.97
P/E Ratio9.9714.91
Market Cap₹127.18 Cr.₹81.23 Cr.
ROE39.29%11.68%
ROCE25.17%16.53%
Debt/Equity0.800.54
EPS₹45.92₹7.85
RoNW30.69%11.68%

Shares Offered

In the HVAX Technologies IPO Retail Individual Investors (RII) are offered 2,44,500 shares while in Paramount Dye Tec IPO retail investors are offered 2,44,500 shares. Qualified Institutional Buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and 4,60,800 shares in Paramount Dye Tec IPO.

 HVAX Technologies IPOParamount Dye Tec IPO
Anchor Investor Reserveration2,07,000 shares6,91,200 shares
Market Maker Reserveration37,200 shares1,22,400 shares
QIB1,38,000 shares4,60,800 shares
NII1,05,300 shares3,46,800 shares
RII2,44,500 shares8,08,800 shares
Employee
Others
Total6,94,800 shares23,07,600 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 34.16x in total, whereas Paramount Dye Tec IPO subscribed 50.09x.

 HVAX Technologies IPOParamount Dye Tec IPO
QIB (times)14.02x10.22x
NII (times)77.92x135.31x
Big NII (times)
Small NII (times)
RII (times)26.69x36.26x
Employee (times)
Other (times)
Total (times)34.16x50.09x