HVAX Technologies IPO: A Comprehensive Guide to the Latest SME IPO
HVAX Technologies Ltd is launching its SME IPO in September 2024, offering investors an opportunity to invest in a key player within the cleanroom and controlled environment infrastructure sector. Here's everything you need to know about the HVAX Technologies IPO, including company details, key dates, financial performance, and more.
HVAX Technologies: Company Profile and Background
HVAX Technologies Limited, established in 2010, specializes in providing turnkey engineering, procurement, and execution services for cleanroom infrastructure. The company caters to a wide range of industries, primarily focusing on pharmaceutical and healthcare sectors. It also offers consulting, design, and engineering services.
HVAX Technologies sources products from third-party manufacturers, such as:
- Cleanroom wall & ceiling panels
- Covings, Riser panels, Cleanroom doors
- Air showers, Pass boxes, Flooring systems
- Air handling units, Chillers, LT/HT electrical panels
Over the years, HVAX has completed over 200 projects across India and 15 countries in regions like Africa, the Middle East, and Asia. Their diverse portfolio of clients includes pharmaceutical, healthcare, FMCG, and chemical companies.
HVAX Technologies IPO: Key Details and Dates
Below are the essential details for the HVAX Technologies IPO:
- IPO Opening Date: September 27, 2024
- IPO Closing Date: October 1, 2024
- Allotment Finalization: October 3, 2024
- Listing Date: October 7, 2024
- Price Band: ₹435 to ₹458 per share
- Minimum Lot Size: 300 shares
- Minimum Investment for Retail Investors: ₹137,400 (1 lot)
- Minimum Investment for HNI: ₹274,800 (2 lots)
- Issue Size: ₹33.53 crore (7.32 lakh shares)
Objects of the Issue
The proceeds from the HVAX Technologies IPO will be used for:
- Working Capital Requirements: To support the growing operational needs of the company.
- General Corporate Purposes: Enhancing overall operational and corporate efficiency.
Financial Performance and Projections
HVAX Technologies has demonstrated strong growth in both revenue and profitability over the past few years. Here's a snapshot of the company’s financial performance:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹6,366.32 lakh | ₹7,825.59 lakh | ₹5,386.78 lakh |
| Revenue | ₹10,746.99 lakh | ₹9,613.86 lakh | ₹6,879.13 lakh |
| Profit After Tax | ₹939.07 lakh | ₹520.37 lakh | ₹418.15 lakh |
| Net Worth | ₹3,059.83 lakh | ₹1,720.77 lakh | ₹1,200.4 lakh |
| Reserves | ₹2,991.67 lakh | ₹1,659.08 lakh | ₹1,138.71 lakh |
| Total Borrowing | ₹2,437.29 lakh | ₹1,692.21 lakh | ₹1,010.03 lakh |
Between FY 2023 and FY 2024:
- Revenue increased by 12%.
- Profit after tax (PAT) rose by 80%, reflecting significant growth in profitability.
Grey Market Premium (GMP) Analysis
The Grey Market Premium (GMP) is an important indicator of early market sentiment toward the IPO before its official listing. GMP for HVAX Technologies' IPO will be available closer to the listing date and is worth monitoring as an early demand signal.
IPO Allotment Process and Timeline
The HVAX Technologies IPO allotment process will follow the standard procedure, ensuring a smooth and transparent process for all investors. Key milestones include:
- Allotment Finalization: Expected by October 3, 2024.
- Refund Process: Refunds for unsuccessful applicants will begin by October 4, 2024.
- Allotment Status Check: Investors can check their allotment status using their PAN or application number on the registrar’s website.
Risks and Opportunities
Investing in HVAX Technologies comes with its own set of risks and opportunities:
- Strengths: Strong foothold in the cleanroom infrastructure sector, diversified client base, and a growing global presence.
- Weaknesses: Reliance on third-party manufacturers for products.
- Opportunities: Increasing demand for cleanroom infrastructure in pharmaceutical and healthcare industries.
- Threats: High competition and potential economic downturns that could impact project pipelines.
Conclusion
The HVAX Technologies IPO offers investors a chance to participate in a growing company with a solid track record in delivering cleanroom and controlled environment infrastructure solutions. The IPO opens for subscription on September 27, 2024, and closes on October 1, 2024. Interested investors should carefully review the company's financials, objectives, and market position before making an investment decision.