HVAX Technologies Limited IPO: 

All You Need to Know

The highly anticipated HVAX Technologies Limited IPO is set to hit the market soon, offering investors an opportunity to participate in the company’s growth. With a total issue size of ₹33.53 crores, this book-built issue consists entirely of a fresh issue of 7.32 lakh shares.

The IPO will be open for subscription from September 27, 2024, to October 1, 2024.

Key Details of HVAX Technologies IPO:

• IPO Price Band: ₹435 to ₹458 per share
• Minimum Lot Size (Retail): 300 shares
• Minimum Investment (Retail): ₹137,400
• Minimum Lot Size (HNI): 600 shares (2 lots)
• Minimum Investment (HNI): ₹274,800

Investors keen to explore growth opportunities in the engineering and cleanroom infrastructure sectors can capitalize on this IPO to become part of HVAX Technologies’ expanding journey.

HVAX Technologies IPO Timeline:

• IPO Open Date: September 27, 2024
• IPO Close Date: October 1, 2024
• Allotment Finalization: October 3, 2024
• Refund Initiation: October 4, 2024
• Credit of Shares to Demat Accounts: October 4, 2024
• Listing Date: October 7, 2024

Company Overview: HVAX Technologies Limited

Founded in 2010, HVAX Technologies Limited specializes in delivering turnkey engineering and cleanroom infrastructure solutions, primarily serving industries such as pharmaceuticals and healthcare. The company offers a broad portfolio of services, including design, engineering, and consulting for controlled environments.

Their product lineup includes:

• Cleanroom Wall and Ceiling Panels
• Covings, Riser Panels, and Cleanroom Doors
• Flooring Systems and Pass Boxes
• Air Showers, Electrical Panels, and Prefabricated Ducts
• Air Handling Units and Chillers
• Building Management Systems (BMS) Equipment

Project Execution and Client Base

HVAX Technologies has successfully executed over 200 projects across India and 15 international markets in countries like Algeria, UAE, Ghana, and Ethiopia. With notable clients from the pharmaceutical, FMCG, and healthcare industries, the company has steadily expanded its operations.

• FINANCIAL YEAR 2024: 53 projects, ₹8,445.73 lakhs in revenue
• FINANCIAL YEAR 2023: 48 projects, ₹9,343.63 lakhs in revenue

Competitive Strengths of HVAX Technologies:

1. Experienced Leadership: Guided by seasoned promoters with vast industry expertise.
2. Execution Excellence: Proven track record of delivering complex projects.
3. Strong Financial Growth: Solid financial performance, supported by efficient internal control systems.

Financial Performance Overview:

HVAX Technologies has demonstrated solid growth over the years, with a 12% rise in revenue and an 80% increase in profit after tax (PAT) between FY 2023 and FY 2024.

Key Financial Highlights:

• Revenue Growth: From ₹9,613.86 lakhs in FY 2023 to ₹10,746.99 lakhs in FY 2024.
• Profit After Tax (PAT): From ₹520.37 lakhs in FY 2023 to ₹939.07 lakhs in FY 2024.
• Net Worth: Grew significantly from ₹1,720.77 lakhs in FY 2023 to ₹3,059.83 lakhs in FY 2024.
• Reserves & Surplus: Nearly doubled in two years, reflecting strong financial health.

Objects of the HVAX Technologies IPO:

The funds raised through this IPO will be allocated for the following purposes:

1. Funding Working Capital Requirements
2. General Corporate Purposes

Why Should Investors Consider HVAX Technologies IPO?

With a proven track record in the engineering and cleanroom infrastructure sector, HVAX Technologies is strategically positioned for continued growth. Its steady financial performance, robust order book, and presence in both domestic and international markets make this IPO an attractive proposition for investors looking to invest in a high-growth company.

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