IPO

HVAX Technologies Ltd. IPO

HVAX Technologies Ltd., established in 2010, operates in the Furniture, Furnishing & Flooring sector. The company's IPO opened on September 27, 2024 and closed on October 1, 2024, with an issue price ... Read more

Min Investment
₹ 1,37,400 / 300 shares
Price Range
₹435 - ₹ 458
Bidding Dates
27 Sep '24 - 1 Oct '24
Total Issue Value
33.53 Cr
Lot Size
300
Total Issue Size
33.53 Cr
Listing At
NSE SME
Subscription
32.01 times
NSE Price
646.15 (41.08%)

IPO Timeline

  • 27 Sep 2024
    Bidding Starts
  • 1 Oct 2024
    Bidding Ends
  • 3 Oct 2024
    Allotment Finalization
  • 7 Oct 2024
    Listing

About HVAX Technologies Ltd.

Since our incorporation in 2010, we have evolved from our origins of acting as a HVAC project contractor and have developed expertise in undertaking turnkey projects on engineering, procurement and execution of controlled environment infrastructure and cleanrooms; design, engineering and ... Read more

Parent organisation
Founded
HVAX Technologies Ltd.
2010

HVAX Technologies Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 2,07,000 (28.28%)
Market Makers 37,200 (5.08%)
Non Institutional Investors 1,05,300 (14.39%)
Qualified Institutional Buyers (QIBs) 1,38,000 (18.85%)
Retail Individual Investors (RIIs) 2,44,500 (33.4%)

HVAX Technologies Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 107.47 Cr 9.39 Cr 29.92 Cr
31 Mar 2023 96.14 Cr 5.20 Cr 16.59 Cr
31 Mar 2022 68.79 Cr 4.18 Cr 11.39 Cr

HVAX Technologies Ltd. Background

Our Company was originally incorporated as “HVAX Technologies Private Limited” as a private limited company under the Companies Act, 1956 vide certificate of incorporation dated November 26, 2010 issued by Deputy Registrar of Companies, Maharashtra, Mumbai. Further, our Company was ...

Read more

Major Events And Milestones
  • 2010
    Our Company was incorporated as a private limited company under the name “HVAX Technologies Private Limited”.
  • 2023
    Accorded status of Two Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India
  • 2024
    Conversion of our company from private limited to public limited company
HVAX Technologies Ltd. Object of Issues

1. Funding our working capital requirements
2. General Corporate Purpose

HVAX Technologies Ltd. IPO Listing Details
Listing Date
7 Oct 2024
NSE Symbol
HVAXTECH
ISIN
INE0TO501019
Final Issue Price
₹ 458
HVAX Technologies Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 458.00
Open - ₹ 486.00
Low - ₹ 461.70
High - ₹ 508.00
Last Trade - ₹ 490.35
HVAX Technologies Ltd. Company Promoters

1. Nirbhaynarayan Singh
2. Prayagdatt Mishra

Industry Overview

Real GDP or GDP at Constant (2011-12) Prices in the year 2023-24 is estimated at Rs. 172.90 lakh crores (US$ 2.07 trillion), against the First Revised Estimates (FRE) of GDP for the year 2022-23 of Rs. 160.71 lakh crores (US$ 1.92 trillion). The growth in real GDP during 2023-24 is estimated at ... Read more

HVAX Technologies Ltd. Contact Details
Address: 601, Lodha Supremus, I-Think Techno Campus, Kanjurmarg (East), Mumbai Maharashtra - 400042
Phone no:49725039
49725039
|
HVAX Technologies Ltd. IPO Registrar
KFin Technologies Ltd.
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad Telangana - 500032
67162222
HVAX Technologies Ltd. IPO Lead Manager(s)
Fedex Securities Private Limited
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai Maharashtra - 400057

FAQs

When does HVAX Technologies Ltd. IPO opens and closes?

HVAX Technologies Ltd. IPO opens from 27th September to 1st October 2024.

What is the size of HVAX Technologies Ltd. IPO?

The size of the HVAX Technologies Ltd. IPO is ₹33.53 Cr.

What is the price range of HVAX Technologies Ltd. IPO?

The price range of HVAX Technologies Ltd. IPO is at ₹435 to ₹458 per share.

What is the minimum investment and lot size required for the HVAX Technologies Ltd. IPO?

The minimum investment required is ₹1,37,400 and minimum lot size is 300 shares.

When is HVAX Technologies Ltd. IPO listing date?

The HVAX Technologies Ltd. IPO will be listed on 7th October 2024.

What is the objective of HVAX Technologies Ltd. IPO?

1. Funding our working capital requirements
2. General Corporate Purpose

Latest Updates

Hvax Technologies Prepares To Launch IPO; Subscription Opens On 27th September

 

HVAX Technologies, founded in 2010, specializing in providing comprehensive engineering, procurement, and construction (EPC) solutions is raising Rs. 33.53 crores through an initial public offering (IPO) which will open for subscription on September 27 and close on October 1. The IPO consists entirely of fresh equity shares, totaling 7.32 lakh shares and assigns at least 35% of the net issue to retail investors, 15% to high-net-worth individuals (HNIs), and up to 50% to eligible institutional buyers.

The price band for the IPO is set between Rs.435 - 458 per share. Retail investors can invest a minimum of Rs. 137,400 by purchasing 300 shares, while high net-worth individuals (HNIs) must invest at least Rs. 274,800 by buying 600 shares (2 lots). HVAX Technologies has successfully raised ₹9.48 crores from anchor investors ahead of its upcoming IPO. The company has allotted 2,07,000 shares to these investors at the anchor price of ₹458 per share. The anchor bidding for the IPO will take place on September 26.

The shares will officially list on the National Stock Exchange's Small and Medium Enterprises portal on October 7, and the allotment for the IPO is scheduled to be completed on October 3.

 

25 September 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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