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HVAX Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 130,500 / 300 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    07 Oct 2024

  • Listing Price

    ₹ 486.00

  • Listing Change

    6.11%

  • Last Traded Price

    ₹ 541.25

IPO Details

  • Open Date

    27 Sep 2024

  • Close Date

    01 Oct 2024

  • IPO Price Range

    ₹ 435- ₹ 458

  • IPO Size

    ₹ 33.53 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    07 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

HVAX Technologies IPO Subscription Status

Last Updated: 01 October 2024 6:29 PM by 5Paisa

HVAX Technologies IPO is set to open on 27 September 2024 and will close on 1 October 2024. HVAX Technologies specializes in providing complete solutions for creating controlled environments and cleanroom facilities. They offer services such as engineering, procurement and project execution along with design, engineering and consulting for pharmaceutical and healthcare companies.

The IPO includes a fresh issue of 7.32 lakh shares aggregating ₹33.53 Cr and does not include OFS. The price range is set between ₹435 - ₹458 per share and the lot size is 300 shares. 

The allotment is scheduled to be finalized on 3 October 2024. It will go public on NSE SME, with a tentative listing date of 7 October 2024.

Fedex Securities Pvt Ltd is the book running lead manager, while Kfin Technologies Limited is the registrar.


 

HVAX Technologies IPO Size

Types Size 
Total IPO Size ₹33.53 Cr
Offer For Sale -
Fresh Issue ₹33.53 Cr

 

HVAX Technologies IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 300 ₹137,400
Retail (Max) 1 300 ₹137,400
HNI (Min) 2 600 ₹274,800

 

HVAX Technologies IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 14.02 1,38,000 19,34,400 88.60
NII (HNI) 77.92 1,05,300 82,05,000 375.79
Retail 26.69 2,44,500 65,25,600 298.87
Total 34.16 4,87,800 1,66,65,000 763.26

 

HVAX Technologies IPO Anchor Allocation

Anchor Bid Date 26 September, 2024
Shares Offered 207,000
Anchor portion Size (In ₹ Cr.) 9.48
Anchor lock-in period end date for 50% shares (30 Days) 2 November, 2024
Anchor lock-in period end date for remaining shares (90 Days) 1 January, 2025

 

1. For working capital requirements
2. General corporate purposes  

Founded in 2010, HVAX Technologies specializes in providing complete engineering, procurement and execution services for controlled environments and cleanroom infrastructure. They also offer design, engineering and consulting services primarily catering to pharmaceutical and healthcare industries.

HVAX supplies products manufactured by third parties such as cleanroom wall and ceiling panels, cleanroom doors, flooring systems, air showers and electrical panels, along with equipment like air handling units, chillers and Building Management Systems (BMS).

The company serves a wide range of clients, including pharmaceutical, chemical, hospital, healthcare and FMCG companies. HVAX has completed around 200 projects in India and 15 other countries like Algeria, Kenya, and Saudi Arabia. In the last three years, they completed 53 projects in FY 2024, 48 in FY 2023 and 52 in FY 2022, generating revenues of ₹8445.73 lakhs, ₹9,343.63 lakhs and ₹6,632.27 lakhs from these turnkey projects, respectively.

Peers

Ahlada Engineers Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 107.47 96.14 68.79
EBITDA 13.83  8.56 6.89 
PAT 9.39 5.20 4.18
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 63.66 78.26 53.87
Share Capital 0.68  0.62 0.62
Total Borrowings 24.37 16.92 10.10
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -12.24  -3.62  -0.84
Net Cash Generated From / (used in) investing activities -1.68  -0.23 1.60
Net Cash Generated From / (used in) financing activities 9.87  6.12  2.49
Net Increase (Decrease) In Cash And Cash Equivalents -4.04  2.26 3.34


Strengths

1. The company is led by a team with deep industry expertise and a proven track record. Their experience helps HVAX navigate complex projects and maintain strong client relationships.

2. HVAX offers a comprehensive range of services, from design to procurement and execution, enabling them to deliver complete solutions to clients. This integrated approach adds value and strengthens client satisfaction.

3. With a solid pipeline of projects, HVAX has demonstrated consistent growth as seen in the increasing number of completed projects and revenue over the past three years.
 

Risks

1. Since HVAX relies on third party manufacturers for the products they supply any disruptions in their supply chain or quality issues could impact project timelines and client satisfaction.

2. While the company has a growing order book, the revenue from turnkey projects has shown some fluctuations. Economic downturns or delays in project execution could lead to inconsistent cash flow.

3. With projects spread across various countries, HVAX is exposed to geopolitical risks, regulatory changes and currency fluctuations which could affect international operations and profitability.
 

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FAQs

HVAX Technologies IPO opens from 27 September to 1 October 2024.

The size of the HVAX Technologies IPO is ₹33.53 Cr.

The price of the HVAX Technologies IPO is fixed at ₹435 - ₹458 per share. 

To apply for HVAX Technologies IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for HVAX Technologies IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of HVAX Technologies IPO is 300 shares and the investment required is ₹1,30,500.
 

The share allotment date of HVAX Technologies IPO is 3 October 2024.

The HVAX Technologies IPO will be listed on 7 October 2024.

Fedex Securities Pvt Ltd is the book running lead manager for HVAX Technologies IPO.

HVAX Technologies plans to utilize the raised capital from the IPO for:

1. For working capital requirements
2. General corporate purposes