HVAX Technologies
IPO Timeline
Issue open date
27 Sep 2024Issue close date
1 Oct 2024UPI mandate deadline
1 Oct 2024Allotment finalization
3 Oct 2024Refund initiation
4 Oct 2024Share credit
4 Oct 2024Listing date
7 Oct 2024Mandate end date
16 Oct 2024Lock-in end date for anchor investors (50%)
2 Nov 2024Lock-in end date for anchor investors (remaining)
1 Jan 2025Key Dates
Quick Stats
About the Company
HVAX Technologies Limited, originally incorporated as a private company in 2010, became a public limited company in January 2024. Specializing in turnkey projects, the company focuses on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms, mainly serving the pharmaceutical, healthcare, chemical, and FMCG sectors. It provides design, consultancy, and end-to-end solutions, including the supply of cleanroom equipment and systems. Since its inception, HVAX has completed around 200 projects across India and 15 countries. For FY 2024, the company executed 53 projects and holds an order book of ₹15,364.47 lakhs. The company employs 125 permanent staff and is led by founders Nirbhaynarayan Singh and Prayagdatt Mishra, who have over 20 years of industry experience.
Strengths
- Experienced promoters and management driving growth with industry expertise.
- Effective cost management and timely project completion within budget.
- Robust order book of ₹15,364.47 lakhs, showing growth and quality projects
- Efficient supply chain benefiting from economies of scale.
- Net worth of ₹3,059.83 lakhs (March 31, 2024) supports large project bidding.
Risks
- Reliance on a few large customers could impact revenue if any are lost.
- Dependency on key suppliers risks operational disruption if lost.
- Liability for contract labor wages if contractors default could affect cash flow.
- Warehouse operations could be disrupted if lease agreements are not renewed.
- Unsecured loans repayable on demand may strain cash flow if called in.
HVAX Technologies IPO – Frequently Asked Questions
- The HVAX Technologies IPO opens on September 27, 2024 and closes on October 1, 2024.
- The tentative listing date for the HVAX Technologies IPO is October 7, 2024.
- You can apply for the HVAX Technologies IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose HVAX Technologies, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the HVAX Technologies IPO is 300 shares. Investors must apply for at least one lot (i.e., 300 shares).