HVAX Technologies Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 27, 2024 to October 1, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 435 to ₹ 458 per share |
| Lot Size | 300 Shares |
| Total Issue Size | 7,32,000 shares (aggregating up to ₹ 33.53 Cr) |
| Fresh Issue | 7,32,000 shares (aggregating up to ₹ 33.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 20,44,875 |
| Shareholding post issue | 27,76,875 |
| Market Maker portion | 37,200 shares Aftertrade Broking |
About HVAX Technologies Limited IPO, GMP, Details, Price, And Review
HVAX Technologies Limited, incorporated initially as HVAX Technologies Private Limited under the Companies Act, 1956, was converted from a Private Limited to a Public Limited Company via a Special Resolution passed at the Extra-ordinary General Meetings of the Company, dated December 11, 2023. It was consequently named as HVAX Technologies Limited.
The fresh certificate was issued on January 8, 2024, as issued by the Registrar of Companies, Mumbai. The CIN (Corporate Identification Number) of the company is U74999MH2010PLC210329.
HVAX Technologies IPO Overview:
- •Issue Type: Book Built Issue
- •Total Issue Size: ₹ 33.53 crores
- •Fresh Issue: 7.32 lakh shares
- •Important Dates
- •Opening Date: September 27, 2024
- •Closing Date: October 1, 2024
- Pricing Details
- •Price Band: ₹ 435 to ₹458 per share
- •Minimum Lot Size: 300 shares
- Key Participants
- •Book Running Lead Manager: Fedex Securities Pvt Ltd
- •Registrar: Kfin Technologies Limited
- •Market Maker: Aftertrade Broking
HVAX Technologies Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
HVAX Technologies IPO Anchor Investors Details
| Bid Date | September 26, 2024 |
| Shares Offered | 207,000 |
| Anchor Portion Size (In Cr.) | 9.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 1, 2025 |
Company & FinancialsCompany & Financials
HVAX Technologies Limited was established in 2010. The company offers turnkey engineering along with procurement as well as the execution of controlled environment and cleanroom infrastructure- design, consulting services, and engineering services to healthcare and pharmaceutical companies.
- Company supplies 3rd party manufactured products including,
- •Cleanroom wall panels
- •Cleanroom ceiling panels
- •Covings
- •Riser panels
- •Cleanroom doors
- •Flooring systems
- •Pass boxes
- •Air showers
- •LT/HT electrical panels
- •Prefabricated galvanized iron (GI) ducts
- •Air handling units
- •Chillers
- •Building Management Systems (BMS) Equipment
- •Utility generation and distribution Equipment.
The customer list of the company includes pharmaceutical companies, healthcare companies, chemical companies, hospitals, and FMCG companies. HVAX Technologies has completed 200+ projects in India and 15 other countries, including UAE, Nepal, South Africa, New Zealand, Ghana, Zimbabwe, etc. Furthermore, the company has executed,
- •53 projects in FY2024 generating revenue of Rs. 8445.73 lakhs.
- • 48 projects in FY2023 generating revenue of Rs. 9,343.63 lakhs.
- •52 projects in FY 2022 generating revenue of Rs. 6,632.27 lakhs.
Objectives of HVAX Technologies IPO
The Company proposes the use of Net Proceeds via the Issue to fund:
- 1. Working capital requirements; and
- 2. General Corporate Purpose.
HVAX Technologies IPO Review
The company is engaged in HAVC project contracting along with related services, it serves primarily pharma/healthcare/FMCG sector customers. The company posted growth in its top and bottom lines for the reported periods, but the net margins raised concern over its sustainability going forward. Based on FY24 earnings, the issue appears fully priced. Small equity capital post-IPO indicates a longer gestation period. Well-informed investors may park funds for the medium term.
HVAX Technologies Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
10,746.99
₹ Crore
Profit After Tax
939.07
₹ Crore
Net Worth
3,059.83
₹ Crore
Total Borrowing
2,437.29
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 6,366.32 | 10,746.99 | 939.07 | 3,059.83 | 2,437.29 | ||||
| 31 Mar 2023 | 7,825.59 | 9,613.86 | 520.37 | 1,720.77 | 1,692.21 | ||||
| 31 Mar 2022 | 5,386.78 | 6,879.13 | 418.15 | 1,200.4 | 1,010.03 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹458 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹255 and a lot size of 300 shares.
HVAX Technologies Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-07 | ₹458 | ₹25 (5.46%) | 2024-10-07 |
HVAX Technologies Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 39.29% |
| ROCE | 25.17% |
| Debt/Equity | 0.8 |
| RoNW | 30.69% |
| P/BV | 3.06 |
| PAT Margin (%) | 8.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 45.92 | 33.82 |
| P/E (x) | 9.97 | 13.54 |
Frequently Asked Questions
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Competitive Strengths
Team of experienced promoters and management team.
Consistent expertise implementation.
Visible growth; all thanks to the solid order backlog.
Stronger and consistent financial performance which is supported by the solid risk management and internal control system.
HVAX Technologies Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Friday, September 27, 2024 |
| IPO Close Date | Tuesday, October 1, 2024 |
| Basis of Allotment | Thursday, October 3, 2024 |
| Initiation of Refunds | Friday, October 4, 2024 |
| Credit of Shares to Demat | Friday, October 4, 2024 |
| Listing Date | Monday, October 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹137,400 |
| Retail (Max) | 1 | 300 | ₹137,400 |
| HNI (Min) | 2 | 600 | ₹274,800 |