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HVAX Technologies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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HVAX Technologies Ltd IPO

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 (Rs)458.00-0.00 (Rs)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 (Rs)458.00  
 
Projects
Funding its working capital requirementsGeneral corporate purposes
Promoted By
Nirbhaynarayan Singh  
Prayagdatt Mishra  
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd