HVAX Technologies Limited IPO

HVAX Technologies Ltd IPO includes a fresh issue of 7,32,000 shares worth INR 33.53 crores to meet working capital needs and fund general corporate purposes.

Important Details

Open Date : September 27, 2024 Close Date : October 1, 2024 Allotment Date: October 3, 2024 Listing Date: October 7, 2024

Important Details

IPO Price: INR 435-458 per share Lot Size: 300 Shares Total Issue Size: INR 33.53 crores

Fundamental Analysis

HVAX Technologies IPO shows mixed performance: 1. Strong growth with rising EPS and RoNW. 2. Higher NAV and lower liabilities reflect better financial management.

Peer Comparison

HVAX Technologies: ₹10,606.13 lakhs revenue, ₹47.36 EPS, 30.69% RoNW. Ahlada Engineers: ₹25,951.69 lakhs revenue, ₹10.56 EPS, 9.93% RoNW.

Objective

HVAX Technologies Ltd IPO Objective: 1. ₹21.70 crores for working capital. 2. Additional funds from internal sources and borrowings. 3. Remaining for general corporate purposes.

Risks And Challenges

HVAX Technologies IPO Risks: 1. Dependence on top three customers risks profitability. 2. Contract labor reliance may lead to wage liability. 3. Past negative cash flows risk financial stability.