HVAX Technologies is engaged in the business of turnkey projects on engineering, procurement and execution of controlled environment infrastructure and cleanrooms; design, engineering and consultancy services for pharma and healthcare companies.

HVAX Technologies, an Book Built Issue amounting to ₹33.52 Crores, consisting entirely an Fresh Issue of 7.32 Lakh Shares. The subscription period for the HVAX Technologies IPO opens on September 27, 2024, and closes on October 01, 2024. The allotment is expected to be finalized on or about Thursday, October 03, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, October 07, 2024.

The Share price band of HVAX Technologies IPO is set at ₹435 to ₹458 equity per share, with a minimum lot size of 300 shares. Retail investors are required to invest a minimum of ₹1,37,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (600 shares), amounting to ₹2,74,800.

Fedex Securities Private Limited is the book-running lead manager, KFIN Technologies Limited Limited is the registrar for the Issue. Aftertrade Broking Private Limited is the sole Market Marker for the HVAX Technologies.

HVAX Technologies Limited IPO GMP Today
The Grey Market Premium of HVAX Technologies Limited IPO is expected in the range of ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

HVAX Technologies Limited IPO Live Subscription Status Today: Real-Time Updates
As of 11:40 AM on 01 October 2024, the HVAX Technologies Limited IPO live subscription status shows that the IPO subscribed 3.68 times on its Third day of subscription period. Check the HVAX Technlogies Limited IPO Live Subscription Status Today at NSE.

HVAX Technologies Limited IPO Anchor Investors Report
HVAX Technologies has raised ₹9.48 Crore from Anchor Investors at a price of ₹458 per shares in consultation of the Book Running Lead Managers. The company allocated 2,07,000 equity shares to the Anchor Investors. Check Full list of HVAX Technologies Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

HVAX Technologies Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
HVAX Technologies IPO allotment date is 03 October, 2024, Thursday. HVAX Technolgies IPO Allotment will be out on 3rd October 2024 and will be live on Registrar Website from the allotment date. Check HVAX Technologies Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select HVAX Technologies Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of HVAX Technologies Limited IPO
HVAX Technologies Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹2,170.00 Lakhs will be used for Funding the working capital requirements; and 
2. General Corporate Purpose

Refer to HVAX Technologies Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are HVAX Technologies Limited IPO, Nexxus Petro Industries Limited IPO, Diffusion Engineers Limited IPO, Saj Hotels Limited IPO, Sahasra Electronics Solutions Limited IPO, Forge Auto International Limited IPO, Divyadhan Recycling Industries Limited IPO, Archit Nuwood Industries Limited.

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About HVAX Technologies Limited

HVAX Technologies is engaged in the business of turnkey projects on engineering, procurement and execution of controlled environment infrastructure and cleanrooms; design, engineering and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supply following third party manufactured products: 
• Cleanroom wall panels, 
• Cleanroom celling panels, 
• Covings, 
• riser panels, 
• cleanroom doors, 
• flooring systems, 
• pass boxes, 
• air showers, 
• LT/HT electrical panels, 
• pre-fabricated galvanized iron (GI) ducts, 
• air handling units 
• chillers 
• Building Management Systems (BMS) Equipment 
• Utility generation and distribution Equipment

Since their incorporation in 2010, they have evolved from their origins of acting as a HVAC project contractor and have developed expertise in undertaking turnkey projects on engineering, procurement and execution of controlled environment infrastructure and cleanrooms; design, engineering and consultancy services for pharma and healthcare companies; and sale and supply of equipment. While their primary customers are pharmaceutical companies, the customers also include chemical companies, hospitals, healthcare companies, and FMCG companies.

INDIA CLEANROOM PANELS MARKET
The India Cleanroom Panels Market is witnessing substantial growth, driven by increasing demand for contamination-free manufacturing environments in industries like pharmaceuticals, biotechnology, electronics, and healthcare. The market encompasses various cleanroom products and services to ensure stringent regulatory compliance and maintain product quality. The region's rising awareness regarding the importance of Cleanroom Panels in ensuring product integrity and safety is a significant growth factor. 

One of the prominent trends in the India Cleanroom Panels Market is the adoption of advanced cleanroom solutions to cater to the expanding manufacturing sectors. With rapid technological advancements and the need to meet international quality standards, industries are investing heavily in modern cleanroom facilities. Moreover, the growing focus on research and development activities in the pharmaceutical and biotechnology sectors is further propelling the demand for Cleanroom Panels. 

The increasing prevalence of infectious diseases and the subsequent surge in pharmaceutical production is another key growth driver for the market. Cleanrooms play a pivotal role in maintaining the hygienic conditions required for manufacturing drugs and medical devices, thus driving their adoption. Additionally, the upsurge in electronics manufacturing, driven by a rising consumer electronics market and the demand for microelectronics, is bolstering the demand for Cleanroom Panels in the India region. 

Despite the promising growth prospects, the India Cleanroom Panels Market faces certain challenges. The high initial setup cost of cleanroom facilities and the stringent regulatory requirements are major hurdles for small and medium-sized enterprises (SMEs). Ensuring continuous compliance with evolving regulations poses an ongoing challenge for companies operating in the market. Moreover, the lack of skilled professionals well-versed in Cleanroom Panels hampers the seamless integration and operation of cleanroom facilities. 

The growing emphasis on research and development activities, coupled with the increasing investment in the healthcare sector, presents lucrative opportunities for Cleanroom Panels providers. As the demand for pharmaceuticals and medical devices continues to rise, companies can capitalize on this trend by offering innovative and cost-effective cleanroom solutions. Furthermore, collaborations with research institutions and government organizations to develop cutting-edge cleanroom technologies can open new avenues for market players. Additionally, catering to the emerging demand for modular cleanrooms that offer flexibility and scalability can prove to be a promising business opportunity.

In conclusion, the India Cleanroom Panels Market is experiencing robust growth, driven by the need for contamination-free manufacturing environments across various industries. The adoption of advanced cleanroom solutions, increasing pharmaceutical and biotechnology activities, and the surge in electronics manufacturing are major growth drivers. However, challenges such as high setup costs and regulatory compliance issues persist. Despite these challenges, businesses can seize opportunities in research and development, healthcare, and modular cleanroom solutions to thrive in this evolving market. The major players operating in the market focus on key market strategies such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market.

HVAX TECHNOLOGIES LIMITED COMPETITIVE STRENGTHS
1. Experienced Promoters and Management Team
2. End-to-end execution capabilities
3. Visible growth through a robust order book
4. Strong and consistent financial performance supported by robust internal control and risk management system

HVAX TECHNOLOGIES LIMITED STRATEGIES
1. Continue to enhance their project execution capabilities and increase their turnkey business
2. Maximizing Opportunities in Existing Markets and Expanding Footprint in Overseas Markets
3. Selectively Pursue Large Value and Complex Projects

HVAX TECHNOLOGIES LIMITED RISK FACTORS & CONCERNS
1. Significant portion of their supply are from their related parties being HVAX Engineering and Isovax Technologies.
2. They are subject to anti-bribery, anti-corruption and sanctions laws and regulations.
3. Their international operations and the strategy to further grow these operations expose them to complex management, legal, tax, operational and economic risks, and exchange rate fluctuations.
4. The reliance on equipment suppliers for their business operations exposes them to a variety of risks which could materially disrupt their operations.