HVAX Technologies Ltd. was incorporated on November 26, 2010. The company offers comprehensive "design-to-delivery" services for controlled environment infrastructure and cleanrooms, covering design, engineering, procurement, installation, testing, commissioning, and operational support for clients in the pharmaceutical, healthcare, hospital, and biotech sectors, both domestic and global.
| Bidding Dates |
|---|
| 27 Sep 2024 - 01 Oct 2024 |
| Subscription |
|---|
| 31.83x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,500 | 1 | 1 | 300 | 732.0 K | ₹435 - ₹458 | 66.65 % | ₹318.4 M - ₹335.3 M | RHP DOC |
HVAX Technologies Ltd. IPO SUBSCRIPTION STATUS
01 Oct '24HVAX Technologies Ltd. IPO overall subscription rate was 31.83 times the total available shares
HVAX Technologies Ltd. IPO retail subscription rate was 35.56 times in the retail segment
HVAX Technologies Ltd. IPO non-institutional investor subscription rate was 104.67 times in the non-institutional investor category
HVAX Technologies Ltd. IPO Qualified Institutional Bidder subscription rate was 7.37 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Oct 2024 (Day 3) | 35.56x | 104.67x | 7.37x |
30 Sep 2024 (Day 2) | 5.43x | 2.61x | - |
27 Sep 2024 (Day 1) | 2.29x | 1.44x | - |
HVAX Technologies Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 93.9 | 1,060.6 | -122.4 | -146.1 | 13.0% |
| FY23 | 52.0 | 959.3 | -36.2 | -37.2 | 8.9% |
| FY22 | 41.8 | 682.6 | -8.4 | -19.4 | 10.1% |
HVAX Technologies Ltd. IPO SUBSCRIPTION STATUS DETAILS
HVAX Technologies Ltd. had 732.0 K shares on offer
HVAX Technologies Ltd. IPO offer price was in the range ₹435 - ₹458
HVAX Technologies Ltd. IPO minimum Investment was ₹130500
HVAX Technologies Ltd. IPO issue size was ₹ 318.4 M - ₹ 335.3 M
HVAX Technologies Ltd. had a minimum lot size of 300 Shares per application
HVAX Technologies Ltd. NUMBER OF SHARES ON OFFER
HVAX Technologies Ltd. IPO IMPORTANT DATES
| Issue Open Date | 27 Sep 2024 |
| Issue close Date | 01 Oct 2024 |
| Allotment Date | 03 Oct 2024 |
| Refund Date | 04 Oct 2024 |
| Demat Account Credit Date | 04 Oct 2024 |
| Listing Date | 07 Oct 2024 |
| Listing on Exchange(s) | NSE |
| HVAX Technologies Ltd. Allotment Status | Exchange |
HVAX Technologies Ltd. IPO subscription opened on 27 Sep 2024, and closed on 01 Oct 2024
IPO allotment for HVAX Technologies Ltd. was finalized on Thursday, 03 Oct 2024
IPO listing for HVAX Technologies Ltd. was on NSE on Monday, 07 Oct 2024
HVAX Technologies Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 458.0 |
| Listing Open Price | 486.0 |
| Listing Close Price | 490.4 |
| Listing Gain% | 6.1% |
| Current Gain% | 35.4% |
HVAX Technologies Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HVAX Technologies Ltd. | 620 | 172.2 | 12 | 1 | 16.5 | 9.3 | 171 | 14.3 | 51.5 | ||||
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
HVAX Technologies Ltd. INFORMATION ON IPO ISSUE
About HVAX Technologies Ltd.
HVAX Technologies Ltd. was incorporated on November 26, 2010. The company offers comprehensive "design-to-delivery" services for controlled environment infrastructure and cleanrooms, covering design, engineering, procurement, installation, testing, commissioning, and operational support for clients in the pharmaceutical, healthcare, hospital, and biotech sectors, both domestic and global.
Object of the Issue
- Funding of working capital requirements of the company
- General corporate purposes
HVAX Technologies Ltd. - PROMOTERS
| Name |
|---|
| Nirbhaynarayan Singh |
| Prayagdatt Mishra |
HVAX Technologies Ltd. Lead Manager of the Issue
Fedex Securities Private Limited
mb@fedsec.in
HVAX Technologies Ltd. Registrar to the issue
KFin Technologies Limited
hvax.ipo@kfintech.com
HVAX Technologies Ltd. Strengths
End-to-end execution
The company prioritizes cost management and monitors projects to ensure timely and budget-friendly completion. Its in-house resources and efficient supply chain enable competitive pricing and value creation through economies of scale
Visible growth
By diversifying skills and projects across various sectors, the company can pursue a wider range of opportunities, optimizing both business volume and profit margins
HVAX Technologies Ltd. Risks
Licenses and registrations
The business needs to obtain and renew various registrations, licenses, and permits from government authorities, and failing to do so on time could adversely affect operations. Delays in obtaining necessary approvals can significantly impact the company's functioning
Global operations
The company operates in countries such as Algeria, Ethiopia, UAE, Ghana, and others, facing diverse and sometimes conflicting legal requirements, including import/export controls, tariffs, taxation, data protection, and industry-specific regulations
Employs contract labor
The company hires contract labor for operations and may be liable for their wages if independent contractors fail to pay. This responsibility could negatively affect its financial results, cash flows, and overall condition
IPO FAQs
The promoters of the company are Nirbhaynarayan Singh and Prayagdatt Mishra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 435.0 - 458.0.
The IPO application opens on Sep 27, 2024 and closes on Oct 01, 2024.
The minimum lot size for the IPO is 300. The maximum lot size for the IPO is 300.
For all category investors, the minimum application amount for this IPO is Rs. 130,500.0, the maximum value for this IPO is Rs 137,400.0.
This IPO will be allotted on Oct 03, 2024.
The refund will be credited to your account on Oct 04, 2024.
The allotted shares will be credited to your demat on Oct 04, 2024.
HVAX Technologies Ltd.’s shares listed on the stock exchanges on Oct 07, 2024.