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HVAX Technologies IPO vs Sahasra Electronic Solutions IPO

Comparison between HVAX Technologies IPO and Sahasra Electronic Solutions IPO.

IPO Details

HVAX Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sahasra Electronic Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.

 HVAX Technologies IPOSahasra Electronic Solutions IPO
LogoHVAX Technologies IPO LogoSahasra Electronic Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Hem Finlease 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 Sahasra Electronic Solutions IPO is up to ₹176.83 Cr. The final issue price of HVAX Technologies IPO is ₹458.00 per share and of Sahasra Electronic Solutions IPO is ₹283.00 per share.

 HVAX Technologies IPOSahasra Electronic Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹435.00 per share₹269.00 per share
Issue Price (Upper)₹458.00 per share₹283.00 per share
Issue Price (Final)₹458.00 per share₹283.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size300 shares400 shares
Fresh Issue Size6,94,800 shares57,48,400 shares
Fresh Issue Size (Amount)up to ₹31.82 Crup to ₹162.68 Cr
OFS Issue Size0 shares5,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹14.15 Cr
Issue Size Total6,94,800 shares62,48,400 shares
Issue Size Total (Amount)up to ₹31.82 Crup to ₹176.83 Cr

IPO Timetable

HVAX Technologies IPO opens on Sep 27, 2024, while Sahasra Electronic Solutions IPO opens on Sep 26, 2024. The closing date of HVAX Technologies IPO and Sahasra Electronic Solutions IPO is Oct 01, 2024, and Sep 30, 2024, respectively.

 HVAX Technologies IPOSahasra Electronic Solutions IPO
Anchor Bid DateSep 26, 2024Sep 25, 2024
Issue OpenSep 27, 2024Sep 26, 2024
Issue CloseOct 01, 2024Sep 30, 2024
Basis Of Allotment (Tentative)Oct 03, 2024Oct 01, 2024
Initiation of Refunds (Tentative)Oct 04, 2024Oct 03, 2024
Credit of Share (Tentative)Oct 04, 2024Oct 03, 2024
Listing date (Tentative)Oct 07, 2024Oct 04, 2024
Anchor Lockin End date 1Nov 01, 2024Oct 31, 2024
Anchor Lockin End date 2Dec 31, 2024Dec 30, 2024

Financials & KPIs

HVAX Technologies IPO P/E ratio is 9.97, as compared to Sahasra Electronic Solutions IPO P/E ratio of 16.41.

 HVAX Technologies IPOSahasra Electronic Solutions 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

Sahasra Electronics Solutions Limited Financial Information (Restated)

Sahasra Electronics Solutions Limited's revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets10,804.364,820.23
Total Income10,278.791,063.91
Profit After Tax3,262.77230.55
Net Worth6,031.692,027.5
Reserves and Surplus4,140.21230.55
Total Borrowing2,171.89689.84
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.5095.00
Promoter Shareholding (Post-Issue)66.6569.90
P/E Ratio9.9716.41
Market Cap₹127.18 Cr.₹707.30 Cr.
ROE39.29%54.09%
ROCE25.17%42.50%
Debt/Equity0.800.36
EPS₹45.92₹17.25
RoNW30.69%54.09%

Shares Offered

In the HVAX Technologies IPO Retail Individual Investors (RII) are offered 2,44,500 shares while in Sahasra Electronic Solutions IPO retail investors are offered 2,44,500 shares. Qualified Institutional Buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and 12,49,600 shares in Sahasra Electronic Solutions IPO.

 HVAX Technologies IPOSahasra Electronic Solutions IPO
Anchor Investor Reserveration2,07,000 shares18,74,000 shares
Market Maker Reserveration37,200 shares3,29,600 shares
QIB1,38,000 shares12,49,600 shares
NII1,05,300 shares9,37,600 shares
RII2,44,500 shares21,87,200 shares
Employee
Others
Total6,94,800 shares62,48,400 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 34.16x in total, whereas Sahasra Electronic Solutions IPO subscribed 122.06x.

 HVAX Technologies IPOSahasra Electronic Solutions IPO
QIB (times)14.02x100.80x
NII (times)77.92x260.46x
Big NII (times)
Small NII (times)
RII (times)26.69x74.85x
Employee (times)
Other (times)
Total (times)34.16x122.06x