HVAX Technologies IPO subscription status started on September 27, 2024, and closed on October 1, 2024. The company aims to raise approximately ₹33.53 crore via this IPO. The retail quota is 35%, and QBI is 50%. The price band is ₹435 to ₹458 per equity share.
The IPO consists of a minimum market lot of 300 Shares requiring an application amount of ₹137,400. HVAX Technologies is an SME IPO that will be listed on the NSE.
Also read: HVAX Technologies IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Hvax Technologies Limited, initially established at 601, Lodha Supremus, I-Think Techno Campus, Kanjurmarg (East), Mumbai – 400042, Maharashtra, was incorporated as a Private Limited company on November 26, 2010, under the Companies Act, 1956. The conversion from a private limited company to a public limited company was approved during an extraordinary general Meeting held on December 11, 2023, with the official name change to Public Limited occurring on January 8, 2024.
The company specializes in executing turnkey projects related to engineering, procurement, and the creation of controlled environment infrastructure and cleanrooms. Additionally, they provide design, engineering, and consultancy services specifically for the pharmaceutical and healthcare sectors. Moreover, Their consultancy services include engineering guidance, GAP analysis and validation, containment solutions, technology transfer, and project feasibility assessments for clients within the pharmaceutical space.
With a diversified business model that extends across various customers and regions, Hvax Technologies maintains a strong focus on customer satisfaction. Additionally, Their client base consists of companies that benefit from both turnkey solutions and equipment supply, as well as design, engineering, and consultancy services within the pharma and healthcare industries. Furthermore, On August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers.
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Additionally, We strongly recommend that investors apply for the IPO with a long-term perspective. Furthermore, it’s essential for investors to consider the QIB, NII, and retail participation figures before making their investment decisions.
HVAX Technologies IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 14.02 |
| NII | 1.09 | 1.61 | 77.92 |
| RII | 1.79 | 4.17 | 26.69 |
| Total | 1.13 | 2.43 | 34.16 |
HVAX Technologies IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for HVAX Technologies
- May Apply
HVAX Technologies IPO Form
To apply for the HVAX Technologies IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The HVAX Technologies IPO subscription starts on September 27, 2024, for QIB, NII, and retail investors.
Additionally, You can easily subscribe using ASBA or non-ASBA options. First, log into your bank account for online ASBA applications, or alternatively, download and submit the form to your broker or bank.
Firstly, You can visit our portal for hourly updates on live IPO subscription numbers. Additionally, you can check the official IPO page for more details.
To apply, log in to the Zerodha Console or app, navigate to Portfolio, select the “HVAX Technologies” IPO, and click the Bid button. Then, submit your UPI ID, quantity, and price, and approve the mandate via your UPI app.
To apply through Upstox, log in to the app, select the “HVAX Technologies” IPO, and click the Bid button to confirm your application. Finally, ensure you approve the mandate using your UPI app.
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