HVAX Technologies IPO vs Subam Papers IPO

Comparison between HVAX Technologies IPO and Subam Papers IPO.

IPO Details

HVAX Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Subam Papers IPO is a SME Bookbuilding proposed to list at BSE SME.

	HVAX Technologies IPO	Subam Papers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities Pvt.Ltd.	Gretex Corporate Services Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Aftertrade Broking Pvt.Ltd.	Gretex Share Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 Subam Papers IPO is up to ₹89.01 Cr. The final issue price of HVAX Technologies IPO is ₹458.00 per share and of Subam Papers IPO is ₹152.00 per share.

	HVAX Technologies IPO	Subam Papers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹435.00 per share	₹144.00 per share
Issue Price (Upper)	₹458.00 per share	₹152.00 per share
Issue Price (Final)	₹458.00 per share	₹152.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	300 shares	800 shares
Fresh Issue Size	6,94,800 shares	58,56,000 shares
Fresh Issue Size (Amount)	up to ₹31.82 Cr	up to ₹89.01 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	6,94,800 shares	58,56,000 shares
Issue Size Total (Amount)	up to ₹31.82 Cr	up to ₹89.01 Cr

IPO Timetable

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

	HVAX Technologies IPO	Subam Papers IPO
Anchor Bid Date	Sep 26, 2024	Sep 27, 2024
Issue Open	Sep 27, 2024	Sep 30, 2024
Issue Close	Oct 01, 2024	Oct 03, 2024
Basis Of Allotment (Tentative)	Oct 03, 2024	Oct 04, 2024
Initiation of Refunds (Tentative)	Oct 04, 2024	Oct 07, 2024
Credit of Share (Tentative)	Oct 04, 2024	Oct 07, 2024
Listing date (Tentative)	Oct 07, 2024	Oct 08, 2024
Anchor Lockin End date 1	Nov 01, 2024	Nov 03, 2024
Anchor Lockin End date 2	Dec 31, 2024	Jan 02, 2025

Financials & KPIs

HVAX Technologies IPO P/E ratio is 9.97, as compared to Subam Papers IPO P/E ratio of 7.77.

HVAX Technologies IPO

Subam Papers 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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,366.32	7,825.59	5,386.78
Total Income	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

Subam Papers Limited Financial Information (Restated Consolidated)

Subam Papers Limited's revenue decreased by -3% and profit after tax (PAT) rose by 12574% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	46,046.1	41,434.65	39,418.33
Total Income	49,697.31	51,062.36	33,259.87
Profit After Tax	3,341.8	-26.79	2,600.23
Net Worth	19,904.12	16,562.32	16,589.11
Reserves and Surplus	19,741.35	16,399.55	16,426.34
Total Borrowing	18,340.77	16,282.61	15,573.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.50

94.81

Promoter Shareholding (Post-Issue)

66.65

69.67

P/E Ratio

9.97

7.77

Market Cap

₹127.18 Cr.

₹353.32 Cr.

ROE

39.29%

16.79%

ROCE

25.17%

20.84%

Debt/Equity

0.80

0.92

EPS

₹45.92

₹19.57

RoNW

30.69%

16.79%

Shares Offered

In the HVAX Technologies IPO Retail Individual Investors (RII) are offered 2,44,500 shares while in Subam Papers IPO retail investors are offered 2,44,500 shares. Qualified Institutional Buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and 11,71,200 shares in Subam Papers IPO.

	HVAX Technologies IPO	Subam Papers IPO
Anchor Investor Reserveration	2,07,000 shares	17,56,800 shares
Market Maker Reserveration	37,200 shares	3,08,800 shares
QIB	1,38,000 shares	11,71,200 shares
NII	1,05,300 shares	8,78,400 shares
RII	2,44,500 shares	20,49,600 shares
Employee
Others
Total	6,94,800 shares	58,56,000 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 34.16x in total, whereas Subam Papers IPO subscribed 92.93x.

	HVAX Technologies IPO	Subam Papers IPO
QIB (times)	14.02x	57.18x
NII (times)	77.92x	243.16x
Big NII (times)
Small NII (times)
RII (times)	26.69x	48.97x
Employee (times)
Other (times)
Total (times)	34.16x	92.93x

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