Hvax Technologies Limited

27 Sep 2024 - 01 Oct 2024 Individual Category SME NSE

Min Investment

₹137400

Price Band

₹435-₹458

Issue Size

5.25 lakhs
Equity Shares

Lot Size

300

IPO Dates
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27 Sep 2024

Open Date

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01 Oct 2024

Close Date

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03 Oct 2024

Allotment Date

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07 Oct 2024

Listing Date

HVAX Technologies IPO is open for subscription starting Friday, September 27, 2024, and closing on Tuesday, October 1, 2024. This upcoming IPO price is Rs 435 to Rs 458 per share. The minimum lot size set for the retail category is 300 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 600 shares. The minimum investment required for retail category investors is Rs 1,37,400 (458 x 300 shares). However, for the HNI category, the minimum investment amount required is Rs 2,74,800 (458 x 600 shares). HVAX Technologies IPO is a book-built issue of Rs 33.53 crores. This upcoming IPO is an entirely fresh issue of 7.32 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, October 3, 2024. HVAX Technologies IPO will be listed on NSE SME on Monday, October 7, 2024. Fedex Securities Private Limited is the book-running lead manager, Kfin Technologies Limited is the registrar for this IPO. The market maker for this IPO is Aftertrade Broking.

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About Hvax Technologies Limited

HVAX Technologies Limited was established in 2010 and provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies. HVAX Technologies supplies products like Cleanroom wall panels, Cleanroom ceiling panels, Covings, Riser panels, Cleanroom doors, Flooring systems, Pass boxes, Air showers, LT/HT electrical panels, Prefabricated galvanised iron ducts, Air handling units, Chillers, Building Management Systems Equipment, Utility generation and distribution Equipment manufactured by third parties. 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. The company has executed 53 projects, 48 projects, and 52 projects in FY 2024, FY 2023, and FY 2022 respectively.

Founded

2010

Managing Director

Nirbhaynarayan Singh and Prayagdatt Mishra

Parent Organization

IPO Objectives

The funds raised through this IPO will be used to cover the day-to-day capital needs for the smooth functioning of the business. The remaining funds will be used to fulfil the general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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