Bookbuilding IPO | ₹34 Cr | Listed at NSE SME | Fri, Sep 27, 2024 - Tue, Oct 1, 2024
HVAX Technologies IPO is a book build issue of ₹33.53 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹33.53 crore.
HVAX Technologies IPO bidding started from Sep 27, 2024 and ended on Oct 1, 2024. The allotment for HVAX Technologies IPO was finalized on Oct 3, 2024. The shares got listed on NSE SME on Oct 7, 2024.
HVAX Technologies IPO price band is set at ₹458 per share. The lot size for an application is 300. The minimum amount of investment required by an retail is ₹1,37,400 (300 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (600 shares), amounting to ₹2,74,800.
Fedex Securities Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to HVAX Technologies IPO RHP for detailed Information.
IPO Open
Fri, Sep 27, 2024
IPO Close
Tue, Oct 1, 2024
Issue Price
₹458 per share
Market Cap (Pre-IPO)
₹127.18 Cr
| IPO Date | 27 Sep to 1 Oct, 2024 |
| Listed on | Mon, Oct 7, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹435 to ₹458 |
| Issue Price | ₹458 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 7,32,000 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 37,200 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 6,94,800 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 6,94,800 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 20,44,875 shares |
| Share Holding Post Issue | 27,76,875 shares |
| NSE Symbol | HVAX |
| ISIN | INE0TO501019 |
HVAX Technologies IPO comprises a total issue size of 7,32,000 shares. The net offer to the public is 6,94,800 shares, after excluding 37,200 shares allotted on a firm basis. Of the Net offer 3,45,000 (49.65%) are allocated to QIB, 1,05,300 (15.16%) allocated to NII 2,44,500 (35.19%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,45,000 | 49.65% | 47.13% |
| − Anchor Investor Shares Offered | 2,07,000 | 28.28% | |
| − QIB (Ex. Anchor) Shares Offered | 1,38,000 | 18.85% | |
| NII (HNI) Shares Offered | 1,05,300 | 15.16% | 14.39% |
| Retail Shares Offered | 2,44,500 | 35.19% | 33.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 37,200 | 5.08% | |
| Total Shares Offered | 7,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 300 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹1,37,400 |
| Retail (Max) | 1 | 300 | ₹1,37,400 |
| HNI (Min) | 2 | 600 | ₹2,74,800 |
HVAX Technologies IPO raises ₹9.48 crore from anchor investors. HVAX Technologies IPO Anchor bid date is September 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 26, 2024 |
| Shares Offered | 2,07,000 |
| Anchor Portion (₹ Cr.) | 9.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 31, 2024 |
Established in 2010, HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.
The company supplies the following products manufactured by third parties: - Cleanroom wall panels, Cleanroom ceiling panels, Covings, Riser panels, Cleanroom doors, Flooring systems, Pass boxes, Air showers, LT/HT electrical panels, Pre-fabricated galvanized iron (GI) ducts, Air handling units, Chillers, Building Management Systems (BMS) Equipment, Utility generation and distribution Equipment.
The company's customers include pharmaceutical companies, chemical companies, hospitals, healthcare companies, and FMCG companies. HVAX Technologies has completed around 200 projects in India and in 15 countries, namely Algeria, Ethiopia, the United Arab Emirates, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda and Zimbabwe. Further, the Company has executed 53 projects, 48 projects, and 52 projects in FY 2024, FY 2023, and FY 2022 respectively, representing revenue from turnkey projects of Rs. 8445.73 lakhs, Rs. 9,343.63 lakhs, and Rs. 6,632.27 lakhs respectively.
Competitive Strengths:
On August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 63.66 | 78.26 | 53.87 |
| Total Income | 107.47 | 96.14 | 68.79 |
| Profit After Tax | 9.39 | 5.20 | 4.18 |
| NET Worth | 30.60 | 17.21 | 12.00 |
| Reserves and Surplus | 29.92 | 16.59 | 11.39 |
| Total Borrowing | 24.37 | 16.92 | 10.10 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements; and | 21.70 |
| 2 | General Corporate Purpose | 8.30 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 39.29% |
| ROCE | 25.17% |
| Debt/Equity | 0.80 |
| RoNW | 30.69% |
| PAT Margin | 8.85% |
| Price to Book Value | 3.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 45.92 | 33.82 |
| P/E (x) | 9.97 | 13.54 |
| Promoter Holding | 90.5% | 66.65% |
| Market Cap | ₹127.18 Cr. |
The HVAX Technologies IPO is subscribed 34.16 times on October 1, 2024 6:19:59 PM (Day 3). The public issue subscribed 26.69 times in the retail category, 14.02 times in the QIB category, and 77.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 14.02 | 1,38,000 | 19,34,400 |
| NII* | 77.92 | 1,05,300 | 82,05,000 |
| Retail | 26.69 | 2,44,500 | 65,25,600 |
| Total | 34.16 | 4,87,800 | 1,66,65,000 |
Total Application : 21,752
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Fees payable to Registrars to the issue, Legal and Other Advisory Services, Advertising and marketing Expenses, distribution, Printing and Distribution of issue stationery, Brokerage, Selling Commission for SCSB, Register Brokers, Sponsor Bank and upload fees | 2.68 |
| 3 | Fees Payable to Regulators including Stock Exchanges | 0.10 |
| 4 | Others (Fees payable for Market making, Underwriting fees, peer review auditor, Miscellaneous Expenses etc | 0.50 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹458.00 |
| Open | ₹486.00 |
| Low | ₹461.70 |
| High | ₹508.00 |
| Last Trade | ₹490.35 |
Lead Manager Reports
HVAX Technologies IPO is a SME IPO of 7,32,000 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹458 per share. The minimum order quantity is 300.
The IPO opens on Fri, Sep 27, 2024, and closes on Tue, Oct 1, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HVAX Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in HVAX Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HVAX Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HVAX Technologies IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024.
HVAX Technologies IPO lot size is 300, and the minimum amount required for application is ₹1,37,400.
You can apply in HVAX Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for HVAX Technologies IPO will be done on Thursday, October 3, 2024, and the allotted shares will be credited to your demat account by Fri, Oct 4, 2024. Check the HVAX Technologies IPO allotment status.
The HVAX Technologies IPO listing date is on Mon, Oct 7, 2024.
