HVAX Technologies’ IPO is a book-built issue valued at Rs 33.53 crores. The entire issue consists of a fresh offering of 7.32 lakh shares.
The subscription for the HVAX Technologies IPO opens on September 27, 2024, and closes on October 1, 2024. The allotment of shares is expected to be finalized on Thursday, October 3, 2024. The company plans to list on the NSE SME, with a tentative listing date set for Monday, October 7, 2024.
HVAX Technologies operates in the engineering and contracting sector. They specialize in HVAC (Heating, Ventilation, and Air Conditioning) project contracting, particularly for the pharmaceutical, healthcare, and FMCG sectors1. They provide turnkey solutions, including design, engineering, procurement, installation, and consultancy service1
The price band for the HVAX Technologies IPO is set between ₹435 and ₹458 per share. Investors must apply for a minimum lot size of 300 shares, requiring a minimum investment of ₹137,400 for retail investors. High-net-worth individuals (HNIs) need to invest in at least 2 lots (600 shares), amounting to ₹274,800.
Fedex Securities Pvt Ltd is serving as the book-running lead manager for the HVAX Technologies IPO, while Kfin Technologies Limited is the registrar. The market maker for the IPO is Aftertrade Broking.
HVAX Technologies IPO Details:
| Company Name | HVAX Technologies Limited |
| Sector | Engineering and Contracting |
| IPO Type | SME |
| IPO Open date | 27th Sep 2024 |
| IPO Close date | 01st Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
HVAX Technologies IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 300 | 1,37,400 |
| HNI (Min) | 2 | 600 | 2,74,800 |
HVAX Technologies IPO Timeline:
| IPO Open Date | 27th Sep 2024 |
| IPO Close Date | 01st Oct 2024 |
| Basis of Allotment | 03rd Oct 2024 |
| Refund Initiation Date | 04th Oct 2024 |
| Shares Credit to Demat | 04th Oct 2024 |
| Listing Date | 07th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review HVAX Technologies’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Engineering and Contracting Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in HVAX Technologies and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
