The upcoming HVAX Technologies IPO generates significant interest among investors and analysts alike. Scheduled to open for subscription from September 27 to October 1, 2024, this initial public offering (IPO) aims to raise approximately ₹33.53 crores through the issuance of 7.32 lakh equity shares. The price band for the shares is set between ₹435 and ₹458, with a minimum investment requirement of ₹1,37,400 for retail investors purchasing a lot of 300 shares.
HVAX Technologies IPO’s Key Details
- Issue Type:
Book-built issue - Total Issue Size:
₹33.53 crores - Price Band:
₹435-₹458 per share - Minimum lot size:
- Retail:
300 shares (₹1,37,400) - HNI:
600 shares (₹2,74,800).
- Retail:
- Subscription Dates:
September 27-October 1, 2024 - We anticipate the allotment date to be October 3, 2024.
- On NSE SME, the tentative listing date is October 7, 2024.
The IPO’s objectives
HVAX Technologies intends to use the funds raised from this IPO for a variety of critical purposes, including:
- Working capital requirements are necessary to ensure smooth operational functionality.
- The general corporate purpose is to support various business initiatives and expansions.
HVAX Technologies IPO: Financial Performance
In its most recent financial year ending March 31, 2024, HVAX Technologies reported impressive growth metrics:
- Revenue:
₹10,746.99 lakhs - Net profit:
₹939.07 lakhsThis represents a 12% revenue increase and a remarkable 80% net profit growth compared to the previous fiscal year.
Management and Promoter Holdings
Nirbhaynarayan Singh and Prayagdatt Mishra, two experienced promoters, lead the company. Before the IPO, promoter shareholding stood at 90.50%, which will decrease to approximately 66.65% post-IPO.
Market Context and Competitive Landscape
HVAX Technologies operates in a competitive market with a diverse client base that includes pharmaceutical companies, healthcare providers, and FMCG sectors. The company has successfully executed over 200 projects across India and internationally, showcasing its robust operational capabilities and market presence.
READ MORE: Saj Hotels IPO: Riding the Wave of Domestic Tourism
Conclusion
As the HVAX Technologies IPO approaches, potential investors should consider both the promising financial metrics and the strategic objectives outlined by the company. This IPO not only presents an opportunity for investment but also reflects the growing demand for technology solutions in various sectors. We encourage investors to conduct thorough due diligence before participating in this IPO.
