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IPO Synopsis


HVAX Technologies Ltd

Registered Office: 601 Lodha IThink Techno Campus,Kanjumarg (East), Mumbai - 400042, Maharashtra, India.
Phone : 022 4972 5039   Fax:
Email :  compliance@hvax.in  
Website :  www.hvax.in

Initial public issue of upto 7,32,000* equity shares of face value of Rs. 10/- each of HVAX Technologies Limited ("HVAX" or the "Company" or the "Issuer") for cash at a price of Rs. 458/- per equity share including a share premium of Rs. 448/- per equity share (the "Issue Price") aggregating to Rs. 33.53 crores ("The Issue"), of which 37,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 458/- per equity share including a share premium of Rs. 448/- per equity share aggregating to Rs. 1.70 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 6,94,800 equity shares of face value of Rs. 10/- each at a price of Rs. 458/- per equity share including a share premium of Rs. 448/- per equity share aggregating to Rs. 31.82 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.36 % and 25.02 %, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. *Subject to finalization of the basis of allotment

Issue Money Payable On
Opens on Closes On Application Allotment
27-Sep-24 01-Oct-24 458.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 300   Further Multiples of : 300
  Rs(Cr.) Lead Managers to the Issue
Project Cost 30.00 Fedex Securities Pvt Ltd
Project Financed through Current Offer 33.53  
Post Issue Equity Share Capital 2.78  
Issue Price 458.00  

Project

  • Funding its working capital requirements
  • General corporate purposes

Promoted By

Nirbhaynarayan Singh

Prayagdatt Mishra

Listing At

NSE - SME

Registrar to the Issue

KFin Techologies Ltd