HVAX Technologies Limited
Book Built Issue IPO · NSE
- Price band
- ₹435 - ₹458
- Lot size
- 300 shares
- Issue amount
- ₹33.53 cr
- Total subscription
- 34.26×
- Opens
- 27 Sept 2024
- Closes
- 1 Oct 2024
- Allotment
- 3 Oct 2024
- Listing
- 7 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 7,32,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,30,500
- Fresh issue
- ₹33.53 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,37,400
- Issue type
- Book Built Issue IPO
- Shares before issue
- 20,44,875
- Shares after issue
- 27,76,875
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 300 | ₹1,37,400 |
| HNI | 2 | 600 | ₹2,74,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.32 | 88.6 |
| RETAIL | 11.2 | 299.24 |
| NIB | 4.82 | 377.53 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 47.36 | 28.12 | 22.59 |
| ROE | 39.29 | 35.63 | 42.18 |
| ROCE | 25.17 | 22.2 | 26.91 |
| RONW | 30.69 | 30.24 | 34.83 |
| PRE IPO(PE) | 9.97 | — | — |
| POST IPO(PE) | 13.54 | — | — |
Values and labels as reported in the issue data.
Company information
Company profile
HVAX Technologies Limited, founded in 2010, specializes in turnkey solutions for controlled environments and cleanroom infrastructure, primarily serving the pharmaceutical and healthcare sectors. The company provides a wide range of third-party-manufactured products, including cleanroom panels, doors, air handling units, and utility distribution systems. With a strong presence in industries like pharmaceuticals, healthcare, chemicals, and FMCG, HVAX has successfully completed around 200 projects across India and 15 countries, including Algeria, the UAE, New Zealand, and Saudi Arabia. Financially strong, the company executed 52 projects worth ₹6,632.27 lakhs in FY 2022, 48 projects generating ₹9,343.63 lakhs in FY 2023, and 53 projects valued at ₹8,445.73 lakhs in FY 2024. As of August 31, 2024, HVAX employs 125 permanent staff and 21 temporary workers, positioning itself for continued growth in the cleanroom infrastructure industry.
Strengths
- Experienced Leadership: HVAX Technologies benefits from a seasoned management team with extensive expertise in turnkey engineering and cleanroom infrastructure, driving strong operational execution.
- Comprehensive Execution: The company offers end-to-end services, from design and consulting to procurement and project execution, ensuring seamless project delivery for complex environments.
- Strong Order Pipeline: With a robust order book and a history of successful projects in India and internationally, HVAX is well-positioned for continued growth and expansion.
- Read the latest IPO market update.
Risk factors
- Reliance on Key Customers: HVAX Technologies depends on a small number of major clients. Losing any of them could impact its revenue and profitability.
- Supplier Dependence: The company works with a few key suppliers, so any disruptions in their supply chain could affect business operations.
- Connected Business Transactions: A large portion of HVAX’s supplies come from related companies like HVAX Engineering and Isovax Technologies, which may create risks related to dependency and potential conflicts of interest.
Promoters
Nirbhaynarayan Singh
Prayagdatt Mishra
Read the latest IPO market update.
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
601, Lodha Supremus, I-Think Techno Campus,, Kanjurmarg (East), Mumbai - 400042
022 4972 5039
[email protected]Company website ↗Understanding HVAX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.