Issue Price
₹435- ₹458
per equity share
Issue Size
5.25 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
300
equity share
Please note
Listing at NSE
Hvax Technologies Limited
Important Dates
IPO Open Date
27 Sep 2024
IPO Close Date
01 Oct 2024
Allotment Date
03 Oct 2024
Initiation of Refunds
04 Oct 2024
Credit of Shares to Demat Account
04 Oct 2024
IPO Listing Date
07 Oct 2024
UPI Mandate Expiry Date
01 Oct 2024
IPO Details
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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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2010
Managing Director
Nirbhaynarayan Singh and Prayagdatt Mishra
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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