HVAX Technologies Limited
HVAX Technologies Limited(HVAX)
Total Shares
7,32,000
Issue Size
₹33.53 Cr
Price Band
₹435 – ₹458
Lot Size
300 shares
Min. Investment
₹1,37,400
Max. Investment
₹1,37,400
Open Date
27 Sep, 2024
Close Date
01 Oct, 2024
Allotment
03 Oct, 2024
Listing
07 Oct, 2024
Max. Investment
₹1,37,400
Announced
27 Sep, 2024
Opening Date
27 Sep, 2024
Closing Date
01 Oct, 2024
Basis of Allotment
03 Oct, 2024
Initiation of Refunds
04 Oct, 2024
Credit of Shares
04 Oct, 2024
Listing Date
07 Oct, 2024
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About HVAX Technologies Limited IPO
Established in 2010, HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.
The company supplies the following products manufactured by third parties: - Cleanroom wall panels, Cleanroom ceiling panels, Covings, Riser panels, Cleanroom doors, Flooring systems, Pass boxes, Air showers, LT/HT electrical panels, Pre-fa
HVAX Technologies Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 35.8% increase in shares
HVAX Technologies Limited IPO Financials Health
HVAX Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 300 | ₹1,37,400 |
| Retail Maximum | 1 | 300 | ₹1,37,400 |
| HNI Minimum | 2 | 600 | ₹2,74,800 |
(All values in CR)
HVAX Technologies Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 0.8 |
| EPS Post IPO | 33.82 |
| EPS Pre IPO | 45.92 |
| P/BV | 3.06 |
| P/E Post IPO | 13.54 |
| P/E Pre IPO | 9.97 |
| PAT Margin (%) | 8.85 |
| ROCE | 25.17% |
| ROE | 39.29% |
| RoNW | 30.69% |
(All values in CR)
Strength & Risk of HVAX Technologies Limited IPO
1. Experienced Promoters and Management Team.
2. End-to-end execution capabilities.
3. Visible growth through a robust order book.
4. Scalable Business Model.
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.
HVAX Technologies Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 2,07,000 | 2,07,000 | 9.48 |
| HNI | 78.27 | 1,05,300 | 82,42,200 | 377.49 |
| Market Maker | 1.00 | 37,200 | 37,200 | 1.7 |
| QIB | 14.02 | 1,38,000 | 19,34,400 | 88.6 |
| Retail | 26.69 | 2,44,500 | 65,25,600 | 298.87 |
| Total | 34.24 | 4,87,800 | 1,67,02,200 | 764.96 |
HVAX Technologies Limited IPO GMP
Last updated 24 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Sep, 2024 | 458 | ₹0 | -- | ₹458 (0.00%) | - | 24 Sep, 2024 |
| 25 Sep, 2024 | 458 | ₹0 | -- | ₹458 (0.00%) | - | 25 Sep, 2024 |
| 26 Sep, 2024 | 458 | ₹0 | -- | ₹458 (0.00%) | - | 26 Sep, 2024 |
| 27 Sep, 2024 | 458 | ₹0 | -- | ₹458 (0.00%) | - | 27 Sep, 2024 |
| 30 Sep, 2024 | 458 | ₹0 | -- | ₹458 (0.00%) | - | 30 Sep, 2024 |
| 01 Oct, 2024 | 458 | ₹0▼ | -- | ₹458 (0.00%) | - | 01 Oct, 2024 |
| 03 Oct, 2024 | 458 | ₹15 | 3400 | ₹473 (3.28%) | - | 03 Oct, 2024 |
| 04 Oct, 2024 | 458 | ₹15▼ | 3400 | ₹473 (3.28%) | - | 04 Oct, 2024 |
| 06 Oct, 2024 | 458 | ₹25 | 5700 | ₹483 (5.46%) | - | 06 Oct, 2024 |
| 07 Oct, 2024 | 458 | ₹25 | 5700 | ₹483 (5.46%) | - | 07 Oct, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for HVAX Technologies Limited IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find HVAX Technologies Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
HVAX Technologies Limited IPO
HVAX Technologies Limited is set to raise capital through its Initial Public Offering (IPO). This book-built issue aims to fund the company’s expansion and enhance its working capital. Below is a summary and analysis of the IPO, highlighting its important aspects, along with a list of pros and cons for potential investors.
In-Depth Analysis of HVAX Technologies Limited IPO
HVAX Technologies Limited, a company specializing in IT solutions and services, is launching its IPO to raise funds for business growth and debt repayment. The IPO will offer up to 7,32,000 equity shares of ?10 each.
Company Overview
HVAX Technologies Limited, incorporated in 2010, is primarily involved in providing technology-driven solutions, with a focus on software development, consulting, and IT-enabled services. The company has a track record of working with clients in various industries, offering them customized technological solutions.
- Founded: 2010 (converted to public in 2023)
- Industry: IT Services, Software Development
- Promoters: Nirbhaynarayan Singh and Prayagdatt Mishra
Key Details of the IPO
- IPO Size: 7,32,000 equity shares of ?10 each
- Issue Type: Book-built issue
- Issue Price: To be determined through book building
- Use of Proceeds:
- Business Expansion: The IPO proceeds will be used to expand operations and enhance technological infrastructure.
- Working Capital: A portion will be allocated to improving the company’s working capital requirements.
- Debt Repayment: The company aims to reduce its debt burden using the IPO funds.
- Listing: The shares will be listed on NSE EMERGE.
Pros of Investing in HVAX Technologies Limited IPO
- Experienced Management: The promoters, Nirbhaynarayan Singh and Prayagdatt Mishra, have a strong background in the IT sector.
- Growing Industry: The IT services industry is expanding globally, and HVAX’s expertise in software development and consulting positions it to benefit from this growth.
- Revenue Growth Potential: The IPO aims to fuel business expansion, which could lead to increased revenue and market share in the long term.
- Technological Advancements: HVAX has a focus on delivering cutting-edge IT solutions, including cloud computing, artificial intelligence, and machine learning, which are critical growth areas in the IT sector.
Cons of Investing in HVAX Technologies Limited IPO
- Market Competition: The IT services industry is highly competitive, with both established companies and startups vying for market share.
- Economic Sensitivity: HVAX’s business performance may be sensitive to global economic conditions, especially given its reliance on international clients.
- Relatively Small Market Presence: As a small-to-mid-size player, HVAX may face challenges competing with larger, more established companies in the IT services space.
- First Public Issue: Since this is the company’s first IPO, there is no prior market for its equity shares, making future stock performance uncertain.
Financial Performance and Market Position
HVAX Technologies Limited has shown steady growth over the years, although it remains a smaller player in the IT services industry. The company has focused on client satisfaction and delivering high-quality solutions, which has driven its revenue growth.
- Revenue Growth: The company has reported consistent growth in revenue over the past few years.
- Profit Margins: HVAX has managed to maintain healthy profit margins, though competition and economic factors may impact these margins.
- Debt Management: A portion of the IPO proceeds will be used to repay the company's debt, which should improve financial stability and reduce interest expenses.
Should You Invest in HVAX Technologies Limited IPO?
Investing in HVAX Technologies Limited’s IPO offers an opportunity to participate in the growing IT services sector. The company’s focus on expanding its technology offerings and increasing operational capacity could lead to future growth. However, investors should be cautious of the competitive landscape and the company’s relatively small market presence.
Conclusion
HVAX Technologies Limited’s IPO provides an intriguing opportunity for investors looking to invest in a growing IT services company. While the company’s focus on technological innovation and expansion is promising, potential investors should carefully weigh the risks of competition and economic sensitivity before making an investment decision.
FAQs About Hvax Technologies Limited Ipo
HVAX Technologies Limited IPO will open on 27 Sep, 2024 and close on 01 Oct, 2024. Investors must apply within this period to participate.
The HVAX Technologies Limited IPO price band is set between ₹435.00 and ₹458.00 per share. The minimum lot size is 300, requiring an investment of at least ₹137400.00.
The HVAX Technologies Limited IPO shares are expected to be listed on 07 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your HVAX Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The HVAX Technologies Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.