HVAX Technologies Limited IPO
The company operates in the specialized domain of turnkey projects, focusing on the engineering, procurement, and execution of controlled environment infrastructure and cleanrooms. They offer comprehensive design, engineering, and consultancy services, primarily catering to the needs of pharmaceutical, healthcare, and biotech industries, both within India and internationally.
As part of their turnkey projects, they provide a range of third-party manufactured products, which include:
i. Cleanroom wall and ceiling panels ii. Covings and riser panels
iii. Cleanroom doors iv. Flooring systems
v. Pass boxes and air showers vi. Low and High Tension (LT/HT) electrical panels
vii. Pre-fabricated galvanized iron (GI) ducts viii. Air handling units (AHUs)
ix. Chillers x. Building Management Systems (BMS) equipment
xi. Utility generation and distribution equipment
End Users
Their solutions and equipment are primarily supplied as part of turnkey projects. The end users of these solutions include:
i. Pharmaceutical companies ii. Chemical companies iii. Hospitals
iv. Healthcare companies v. FMCG companies
Turnkey Solutions Provider
They position themselves as a “design-to-delivery” provider of controlled environment infrastructure and cleanroom solutions. Their comprehensive offering covers every aspect of project execution, from initial design and engineering to procurement, installation, testing, commissioning, and ongoing management and operational support. With a highly skilled team and a client-centric approach, they are capable of delivering customized, innovative, and high-quality solutions to meet the specific requirements of their diverse clientele.
In addition to direct engagements with their clients, they also collaborate indirectly as subcontractors, where they are responsible for specific scopes of work assigned by the main contractor. Their strong project execution capabilities, combined with their focus on quality and safety, ensure that they deliver efficient, reliable, and cost-effective solutions across the industries they serve.
Objects of the HVAX Technologies Limited IPO:
HVAX Technologies Limited IPO Details:
Open Date: | Sep 27 2024 |
Close Date: | Oct 01 2024 |
Total Shares: | 732,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 33.53 Cr. |
Lot Size: | 300 Shares |
Issue Price: | ₹ 435 - 458 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Oct 07 2024 |
Promoters And Management:
Financials of HVAX Technologies Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 6,826 | 9,593 | 10,606 |
Other Income | 53 | 21 | 141 |
Total Revenue | 6,879 | 9,614 | 10,747 |
Cost of Materials consumed | 4,205 | 6,419 | 6,753 |
Employees Benefit Expenses | 822 | 898 | 1,095 |
Other Expenses | 1,110 | 1,421 | 1,375 |
EBITDA | 742 | 877 | 1,524 |
OPM (%) | 10.79% | 9.12% | 14.18% |
Depreciation & Amortisation | 122 | 107 | 107 |
EBIT | 621 | 769 | 1,416 |
Finance Cost | 63 | 70 | 158 |
PBT | 558 | 699 | 1,259 |
Tax | 140 | 179 | 320 |
PAT | 418 | 520 | 939 |
NPM (%) | 6.08% | 5.41% | 8.74% |
No.of Shares | 27.76 | 27.76 | 27.76 |
EPS | 15.05 | 18.73 | 33.81 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
HVAX Technologies Limited | 106 | 9 | 33.81 | 13.5 | 458 | 127 |
Ahlada Engineers Limited | 260 | 14 | 10.56 | 10.1 | 108 | 140 |
Lead Manager of HVAX Technologies Limited IPO:
Registrar of HVAX Technologies Limited IPO:
Company Address:
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