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HVAX Technologies IPO vs Saj Hotels IPO

Comparison between HVAX Technologies IPO and Saj Hotels IPO.

IPO Details

HVAX Technologies IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saj Hotels IPO is a SME Fixed Price proposed to list at NSE SME.

 HVAX Technologies IPOSaj Hotels IPO
LogoHVAX Technologies IPO LogoSaj Hotels IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Corpwis Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Satellite Corporate Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Saj Hotels IPO is up to ₹26.23 Cr. The final issue price of HVAX Technologies IPO is ₹458.00 per share and of Saj Hotels IPO is ₹65.00 per share.

 HVAX Technologies IPOSaj Hotels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹435.00 per share
Issue Price (Upper)₹458.00 per share
Issue Price (Final)₹458.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size300 shares2000 shares
Fresh Issue Size6,94,800 shares40,36,000 shares
Fresh Issue Size (Amount)up to ₹31.82 Crup to ₹26.23 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total6,94,800 shares40,36,000 shares
Issue Size Total (Amount)up to ₹31.82 Crup to ₹26.23 Cr

IPO Timetable

HVAX Technologies IPO opens on Sep 27, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of HVAX Technologies IPO and Saj Hotels IPO is Oct 01, 2024, and Oct 01, 2024, respectively.

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

Financials & KPIs

HVAX Technologies IPO P/E ratio is 9.97, as compared to Saj Hotels IPO P/E ratio of 21.7.

 HVAX Technologies IPOSaj Hotels 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

Saj Hotels Limited Financial Information (Restated Consolidated)

Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,808.469,892.539,626.453,286.02
Total Income1,455.491,282.191,287.90812.14
Profit After Tax344.68355.76144.25-120.18
Net Worth1,734.491,316.84891.08754.46
Reserves and Surplus7,721.708,325.197,977.201,748.59
Total Borrowing291.52614.141,053.54938.51
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.5084.12
Promoter Shareholding (Post-Issue)66.6561.94
P/E Ratio9.9721.7
Market Cap₹127.18 Cr.₹104.81 Cr.
ROE39.29%19.91%
ROCE25.17%26.36%
Debt/Equity0.800.17
EPS₹45.92₹3.00
RoNW30.69%19.91%

Shares Offered

In the HVAX Technologies IPO Retail Individual Investors (RII) are offered 2,44,500 shares while in Saj Hotels IPO retail investors are offered 2,44,500 shares. Qualified Institutional Buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and in Saj Hotels IPO.

 HVAX Technologies IPOSaj Hotels IPO
Anchor Investor Reserveration2,07,000 shares
Market Maker Reserveration37,200 shares2,14,000 shares
QIB1,38,000 shares
NII1,05,300 shares20,18,000 shares
RII2,44,500 shares20,18,000 shares
Employee
Others
Total6,94,800 shares40,36,000 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 34.16x in total, whereas Saj Hotels IPO subscribed 5.46x.

 HVAX Technologies IPOSaj Hotels IPO
QIB (times)14.02x
NII (times)77.92x2.12x
Big NII (times)
Small NII (times)
RII (times)26.69x8.65x
Employee (times)
Other (times)
Total (times)34.16x5.46x