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HVAX Technologies Ltd

Engineering

Offer Period :

27th to 1st Oct 2024

HVAX Technologies Ltd IPO Details

IPO Date 27th to 1st Oct 2024 Minimum Investment ₹137400 / 1 Lots
Listing Date 2024-10-07 Maximum Investment ₹137400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹33.53 Crores
Price ₹458 to ₹458 per share Fresh Issue ₹33.53 Crores
Lot Size 1 Lots (300 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 2044875 Shares
Issue Type Book Building - SME Shareholding Post Issue 2776875 Shares
IPO Date 27th to 1st Oct 2024
Listing Date 2024-10-07
Face Value ₹10 per share
Price ₹458 to ₹458 per share
Lot Size 1 Lots (300 Shares)
Listing At NSE-SME
Total Issue Size ₹33.53 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹137400 / 1 Lots
Maximum Investment ₹137400 / 1 Lots
Fresh Issue ₹33.53 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 2044875 Shares
Shareholding Post Issue 2776875 Shares

About HVAX Technologies Ltd IPO

Founding Head: 2010

Managing Director: Prayagdatt Mishra

HVAX TECHNOLOGIES LIMITED Timeline

Important dates for allocation and IPO listing.

27th Sep

IPO Opens

1st Oct

IPO Close

3rd Oct

Allotment Date

4th Oct

Initiation of Refund

4th Oct

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 90.5 66.65
Public Group 9.5 33.35

HVAX Technologies Ltd IPO Reservation

QIB Shares Offered 138000(18.85%)
NII (HNI) Shares Offered 105300(14.39%)
Retail Shares Offered 244500(33.4%)
Anchor Investor Shares Offered 207000(28.28%)
Total Shares Offered 732000
Total Shares With Anchor Investor 732000

HVAX Technologies Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 300 ₹137400
Retail (Max) 1 300 ₹137400
S HNI (Min) 2 600 ₹274800
S HNI (Max) 7 2100 ₹961800
B HNI (MIN) 8 2400 ₹1099200

HVAX Technologies Ltd IPO Anchor Investor Details

Bid Date -
Shares Offered 0
Anchor Portion Size 0

HVAX Technologies Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

HVAX Technologies Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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HVAX Technologies Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹30.6 ₹17.21 ₹12
Reserves and Surplus ₹29.92 ₹16.59 ₹11.39
Total Borrowing ₹24.37 ₹16.92 ₹10.1

HVAX Technologies Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 1934400 0
Non Institutional Investors (NIIs) 0 8243100 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 6533700 0
Total 525000 16711200 31.8309

Strength of HVAX Technologies Ltd

1. Experienced Promoters and Management Team.

2. End-to-end execution capabilities.

3. Visible growth through a robust order book.

4. Scalable Business Model.

Risks Involved

1. The Company is dependent on few numbers of customers for sales. The loss of any of this large customer may affect its revenues and profitability.

2. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

3. Significant portion of its supply are from the company related parties being HVAX Engineering and Isovax Technologies.

4. The company has experienced significant working capital requirements in past and may continue to experience in future also. If the company experience insufficient cash flows from its operations or are unable to borrow to meet the company working capital requirements, it may materially and adversely affect its business, cash flows and results of operations.

5. The company source a large part of its new orders from the company relationships with customers, both present and past. Any failures to maintain its long-standing relationships with the company existing customers or forge similar relationships with new ones would have a material adverse effect on its business operations and profitability.

6. Its current Order Book does not guarantee full realization of future income. Some orders may be subject to modifications, cancellations, delays, holds, or partial payments by customers, which could have adverse effects on its operational results.

7. The company appoint contract labour for carrying out its operations and the company may be held responsible for payment of wages of such workers, if the independent contractors through whom such workers are hired default on their payment obligations. Such obligations could have an adverse impact on its results of operations, cash flows and financial condition.

8. The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flow could impact its growth and business.

9. Its Promoters, Directors and Key Managerial Personnel may have interests other than reimbursement of expenses incurred and receipt of remuneration or benefits from the Company. Certain of its Promoters and Directors may have interests in entities, which are in businesses similar to its and this may result in conflict of interest with the company.

10. Its historical performance is not indicative of the company future growth or financial results and its may not be able to sustain its historical growth rates or effectively execute the company strategies, which may adversely affect its business and financial results.

Why should you invest in

-

HVAX Technologies Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

HVAX TECHNOLOGIES LIMITED IPO Contact Details

HVAX Technologies Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-07 93247 HVAX
INE0TO501019
₹458 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹458 ₹458
Open ₹0 ₹486
Low ₹0 ₹461.7
High ₹0 ₹508
Low ₹0 ₹461.7

Frequently Asked Questions

What is HVAX Technologies Ltd IPO?

Answer Field

HVAX Technologies Ltd IPO is a SME IPO of 7,32,000 equity shares of a face value of ₹10 aggregating up to ₹33.53 Crores. The issue is priced at ₹458 to ₹458 per share. The minimum order quantity is 300 Shares. The IPO opens on September 27, 2024, and closes on October 01, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When HVAX Technologies Ltd IPO will open?

Answer Field

The HVAX Technologies Ltd IPO opens on September 27, 2024 and closes on October 01, 2024.

What is the lot size of HVAX Technologies Ltd?

Answer Field

HVAX Technologies Ltd lot size is 300 shares, and the minimum amount required is ₹1,37,400.

How to apply for HVAX Technologies Ltd IPO?

Answer Field

You can apply in HVAX Technologies Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is HVAX Technologies Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for HVAX Technologies Ltd IPO will be done on October 03, 2024, and the allotted shares will be credited to your demat account by October 04, 2024.

When is HVAX Technologies Ltd IPO listing date?

Answer Field

The HVAX Technologies Ltd listing date is October 07, 2024.

Who is the registrar of HVAX Technologies Ltd IPO?

Answer Field

The registrar of HVAX Technologies Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of HVAX Technologies Ltd IPO?

Answer Field

The fresh issue size is ₹33.53 Crores equity shares.

What minimum lot size can retail subscribers subscribe to HVAX Technologies Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 300 shares and ₹1,37,400 amount.

How can I approve the UPI mandate request for HVAX Technologies Ltd IPO?

Answer Field

To apply for HVAX Technologies Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of HVAX Technologies Ltd?

Answer Field

The price of each HVAX Technologies Ltd share will be ranging in between ₹458 to ₹458 per share.

What is the cut-off time for the UPI mandate for HVAX Technologies Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 01, 2024.

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