The HVAX Technologies Limited IPO is scheduled to open for subscription on September 27, 2024, and close on October 1, 2024. This highly anticipated IPO aims to raise approximately ₹33.53 crores through the fresh issuance of shares. HVAX Technologies, a leader in turnkey engineering solutions for cleanroom infrastructure, has been making significant strides in the pharmaceutical and healthcare sectors.
Investors are eager to assess one of the upcoming IPOs that the HVAX Technologies Limited IPO SME offers, particularly with its niche market position.
The HVAX Technologies Limited IPO is a book-built issue with a total issue size of 7,32,000 shares. It will be listed on the NSE SME platform, offering investors a chance to participate in a growing company in a specialised field.
Here’s a breakdown of the key HVAX Technologies Limited IPO details:
| Details | Information |
| IPO date | September 27, 2024, to October 1, 2024 |
| Price band | ₹435 to ₹458 per share |
| Lot size | 300 shares |
| Total issue size | 7,32,000 shares (₹33.53 cr) |
| Fresh issue | 7,32,000 shares (₹33.53 cr) |
| Listing at | NSE SME |
| Issue type | Book built issue IPO |
| Face value | ₹10 per share |
| Pre-issue shareholding | 20,44,875 |
| Post-issue shareholding | 27,76,875 |
The following is the tentative timeline for the HVAX Technologies Limited IPO:
| Event | Date |
| HVAX Technologies Limited IPO open date | September 27, 2024 |
| HVAX Technologies Limited IPO close date | October 1, 2024 |
| Basis of allotment | October 3, 2024 |
| Initiation of refunds | October 4, 2024 |
| Credit of shares to Demat | October 4, 2024 |
| Listing date | October 7, 2024 |
Investors can place bids starting with a minimum of 300 shares, and larger bids can be made in multiples of this lot size. The table below outlines the investment range for retail and high-net-worth investors:
| Application | Lots | Shares | Amount (₹) |
| Retail (min) | 1 | 300 | 1,37,400 |
| Retail (max) | 1 | 300 | 1,37,400 |
| HNI (min) | 2 | 600 | 2,74,800 |
Founded in 2010, HVAX Technologies Limited specialises in engineering and procurement services for controlled environments, with a strong focus on cleanroom infrastructure. Their clients span across pharmaceutical, healthcare, chemical, and FMCG sectors, both in India and globally. The company has completed over 200 projects in various countries, including India, UAE, Ethiopia, and Kenya, solidifying its reputation as a trusted provider of turnkey solutions.
HVAX Technologies also delivers products such as cleanroom wall panels, doors, air handling units, and chillers. Their strong operational expertise and diverse client base position them as a key player in the specialised cleanroom sector.
HVAX Technologies has demonstrated consistent financial growth. Below are the financial highlights:
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Assets (₹ lakhs) | 6,366.32 | 7,825.59 | 5,386.78 |
| Revenue (₹ lakhs) | 10,746.99 | 9,613.86 | 6,879.13 |
| PAT (₹ lakhs) | 939.07 | 520.37 | 418.15 |
| Net worth (₹ lakhs) | 3,059.83 | 1,720.77 | 1,200.40 |
The company’s revenue has steadily increased, and its profit after tax (PAT) showed an impressive 80% growth between FY 2023 and FY 2024. HVAX Technologies Limited IPO GMP is still very early to be determined.
Investors considering the HVAX Technologies Limited IPO can expect several strengths that highlight the company’s robust position in the market:
Despite the promising aspects, there are challenges that potential investors should consider:
The HVAX Technologies Limited IPO offers an exciting opportunity for investors interested in upcoming IPOs in the specialised cleanroom infrastructure space. With its strong financial performance, experienced management, and global footprint, HVAX Technologies holds the potential for significant growth. However, investors should also weigh the company’s challenges, including its competitive market environment and reliance on niche sectors.
For those comfortable with the risks associated with an SME IPO, HVAX Technologies may offer substantial long-term gains, particularly given its consistent order book and financial performance. Looking at the HVAX Technologies Limited IPO review can provide further insights into the potential returns on this IPO investment.
The HVAX Technologies Limited IPO presents an intriguing option for investors seeking to capitalise on the growth of specialised cleanroom infrastructure services. With strong financials and a dedicated management team, HVAX Technologies has positioned itself as a key player in the pharmaceutical and healthcare sectors. As with all IPOs, potential investors should conduct thorough research and consider their risk tolerance before making any decisions.
The minimum investment for retail investors in the HVAX Technologies Limited IPO is ₹137,400, which corresponds to one lot of 300 shares. High net-worth investors (HNIs) must invest in a minimum of two lots, amounting to ₹274,800 for 600 shares.
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