601, Lodha Supremus,
I-Think Techno Campus,
Kanjurmarg (East), Mumbai - 400042
Phone: 022 4972 5039
Email: compliance@hvax.in
Website: http://www.hvax.in/
Last updated on 01-Oct-2024 18:31:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 138000 | 1934400 | 14.02 |
| NIB | 105300 | 8243100 | 78.28 |
| RETAIL | 244500 | 6533700 | 26.72 |
| Total | 487800 | 16711200 | 34.26 |
| Retail Apps | 21779 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹48.13 | @8% ₹55.01 | @9% ₹61.88 | @10% ₹68.76 | @11% ₹75.63 | @12% ₹82.51 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 300 | 137400 | 815 |
| HNI | 2 | 600 | 274800 | 351 |
IPO Reservations
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.40% | 244500 |
| NII (HNI) | 14.39% | 105300 |
| Anchor | 28.47% | 207000 |
| QIB | 18.85% | 138000 |
| Market Maker | 5.08% | 37200 |
| Total | 100.00% | 732000 |
HVAX Technologies IPO Details
| Issue Size | 732,000 shares (aggregating up to ₹33.53 Cr) |
| Fresh Issue | 732,000 shares (aggregating up to ₹33.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,044,875 |
| Share holding post issue | 2,776,875 |
| Market Maker portion | 37,200 shares Aftertrade Broking |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 39.29% | 35.63% | 42.18% |
| ROCE | 25.17% | 22.20% | 26.91% |
| RONW | 30.69% | 30.24% | 34.83% |
| D/E | 0.80 | 0.98 | 0.84 |
| EPS (Diluted) | 47.36 | 28.12 | 22.59 |
| P/E Pre IPO | 9.97 | ||
| P/E Post IPO | 13.54 |
Company Financials
HVAX Technologies Limited Financial Information (Restated)
HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 6,366.32 | 7,825.59 | 5,386.78 | |||||||||||||||||||||||||||
| Revenue | 10,746.99 | 9,613.86 | 6,879.13 | |||||||||||||||||||||||||||
| Profit | 939.07 | 520.37 | 418.15 | |||||||||||||||||||||||||||
| Net Worth | 3,059.83 | 1,720.77 | 1,200.4 | |||||||||||||||||||||||||||
| Reserves | 2,991.67 | 1,659.08 | 1,138.71 | |||||||||||||||||||||||||||
| Borrowing | 2,437.29 | 1,692.21 | 1,010.03 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
HVAX Technologies Limited, established in 2010, specializes in turnkey engineering, procurement, and execution services for controlled environment and cleanroom infrastructure, with a focus on the pharmaceutical and healthcare sectors. The company offers a range of third-party-manufactured products such as cleanroom wall and ceiling panels, covings, cleanroom doors, air handling units, BMS equipment, and utility distribution systems. Serving a diverse clientele across pharmaceuticals, healthcare, chemicals, and FMCG, HVAX has completed around 200 projects in India and 15 countries, including Algeria, the UAE, New Zealand, and Saudi Arabia. With strong fiscal performance, the company executed 52 projects generating ₹6,632.27 lakhs in FY 2022, 48 projects with ₹9,343.63 lakhs in FY 2023, and 53 projects yielding ₹8,445.73 lakhs in FY 2024. Employing 125 permanent staff and 21 temporary workers as of August 31, 2024, HVAX is poised for continued growth in the cleanroom infrastructure market.
Strength
Experienced Leadership: HVAX Technologies benefits from a seasoned management team with extensive expertise in turnkey engineering and cleanroom infrastructure, driving strong operational execution.
Comprehensive Execution: The company offers end-to-end services, from design and consulting to procurement and project execution, ensuring seamless project delivery for complex environments.
Strong Order Pipeline: With a robust order book and a history of successful projects in India and internationally, HVAX is well-positioned for continued growth and expansion.
Weakness
Customer Concentration: HVAX Technologies relies on a limited number of large customers, and losing any of them could negatively impact its revenue and profitability.
Supplier Dependence: The Company depends on a few key suppliers, and disruptions with any of these could affect its ability to maintain smooth business operations.
Related Party Transactions: A significant portion of HVAX's supplies come from related parties, such as HVAX Engineering and Isovax Technologies, which could present risks related to dependency and conflict of interest.