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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹33.53 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹33.53 Cr |
| Fresh Issue | ₹31.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹435.00-458.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | HVAX |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Fedex Securities Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 300 shares and in multiples thereof
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-fabricated galvanized iron (GI) ducts, Air handling units, Chillers, Building Management Systems (BMS) Equipment, Utility generation and distribution Equipment.
The company's customers include pharmaceutical companies, chemical companies, hospitals, healthcare companies, and FMCG companies. HVAX Technologies has completed around 200 projects in India and in 15 countries, namely Algeria, Ethiopia, the United Arab Emirates, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda and Zimbabwe. Further, the Company has executed 53 projects, 48 projects, and 52 projects in FY 2024, FY 2023, and FY 2022 respectively, representing revenue from turnkey projects of Rs. 8445.73 lakhs, Rs. 9,343.63 lakhs, and Rs. 6,632.27 lakhs respectively.
Competitive Strengths:
On August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements; and | 21.70 |
| 2 | General Corporate Purpose | 8.30 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 63.66 | 78.26 | 53.87 |
| Total Income | 107.47 | 96.14 | 68.79 |
| Profit After Tax | 9.39 | 5.20 | 4.18 |
| NET Worth | 30.60 | 17.21 | 12.00 |
| Reserves and Surplus | 29.92 | 16.59 | 11.39 |
| Total Borrowing | 24.37 | 16.92 | 10.10 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 39.29% |
| ROCE | 25.17% |
| Debt / Equity | 0.80% |
| RoNW | 30.69% |
| PAT Margin | 8.85% |
| Price to Book Value | 3.06 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 45.92 | 33.82 |
| P/E (x) | 9.97 | 13.54 |
| Promoter Holding | 90.5% | 66.65% |
| Market Cap | ₹127.18 Cr. | |
