
Emerging SME Services · NSE
HVAX Technologies Limited, founded in 2010, specializes in turnkey solutions for controlled environments and cleanroom infrastructure, primarily serving the pharmaceutical and healthcare sectors. The company provides a wide range of third-party-manufactured products, including cleanroom panels, doors, air handling units, and utility distribution systems. With a strong presence in industries like pharmaceuticals, healthcare, chemicals, and FMCG, HVAX has successfully completed around 200 projects across India and 15 countries, including Algeria, the UAE, New Zealand, and Saudi Arabia. Financially strong, the company executed 52 projects worth ₹6,632.27 lakhs in FY 2022, 48 projects generating ₹9,343.63 lakhs in FY 2023, and 53 projects valued at ₹8,445.73 lakhs in FY 2024. As of August 31, 2024, HVAX employs 125 permanent staff and 21 temporary workers, positioning itself for continued growth in the cleanroom infrastructure industry.
Price Band
₹435 – ₹458
Issue Size
₹33.53 Cr
Lot Size
300 shares
GMP
+5.5%
Est. Listing
₹483
at current GMP
Subscribed
34.26x
overall
Open
27 Sep 2024
Close
1 Oct 2024
Allotment
3 Oct 2024
Refund
4 Oct 2024
Demat Credit
5 Oct 2024
Listing
7 Oct 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
3 Oct 2024
Basis finalization
Refunds Initiate
4 Oct 2024
Mandate release
Demat Credit
5 Oct 2024
Shares in demat
Listing Debut
7 Oct 2024
Trading begins
HVAX Technologies Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹33.53 Crores. The shares are offered at a price band of ₹435 to ₹458 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 300 shares (approx. ₹1,37,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-05, while un-allotted funds or UPI block mandates will be released on 2024-10-04.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.