31 Mar 2022
Assets53.87
Total Income68.79
Profit After Tax4.18
NET Worth12.00
Reserves and Surplus11.39
Total Borrowing10.10
At a glance
Updated 2026-08-24The shares listed at ₹486.00, a 6.11% move from the issue price. HVAX Technologies is a SME IPO with an issue size of ₹33.53 crore, proposed for listing on NSE SME. The offer opens on 27th Sep 2024 and closes on 1st Oct 2024. The issue structure includes a fresh issue of ₹31.82 crore. The current listing schedule points to 7th Oct 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹33.53 Cr
Fresh issue₹31.82 Cr
Face value₹10
Price band₹435.00–₹458.00
Allotment3rd Oct 2024
Listing7th Oct 2024
Listing performance
Full performance ↗Issue price₹458.00
Listing price₹486.00
Current price—
Listing gain6.11%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹25.00
GMP / upper price5.46%
Est. listing₹483.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens27th Sep 2024
Closes1st Oct 2024
Allotment3rd Oct 2024
Refund4th Oct 2024
Demat4th Oct 2024
Listing7th Oct 2024
Subscription demand
Full bidding ↗Total34.16×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 300 | ₹137,400 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding our working capital requirements; and | ₹21.70 Cr |
| General Corporate Purpose | ₹8.30 Cr |
Financials
Full financials ↗31 Mar 2023
Assets78.26
Total Income96.14
Profit After Tax5.20
NET Worth17.21
Reserves and Surplus16.59
Total Borrowing16.92
31 Mar 2024
Assets63.66
Total Income107.47
Profit After Tax9.39
NET Worth30.60
Reserves and Surplus29.92
Total Borrowing24.37
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 39.29% |
| ROCE | 25.17% |
| Debt / Equity | 0.80% |
| RoNW | 30.69% |
| PAT Margin | 8.85% |
| Price to Book Value | 3.06 |
Valuation & shareholding
Pre-IPO EPS45.92
Post-IPO EPS33.82
Pre-IPO P/E9.97
Post-IPO P/E13.54
Promoter holding pre90.5%
Promoter holding post66.65%
Market cap₹127.18 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees | ₹0.25 Cr |
| Fees payable to Registrars to the issue, Legal and Other Advisory Services, Advertising and marketing Expenses, distribution, Printing and Distribution of issue stationery, Brokerage, Selling Commission for SCSB, Register Brokers, Sponsor Bank and upload fees | ₹2.68 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.10 Cr |
| Others (Fees payable for Market making, Underwriting fees, peer review auditor, Miscellaneous Expenses etc | ₹0.50 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Fedex Securities Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.