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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
Opens On Closes On
27-Sep-24 01-Oct-24
Money Payable On
Application Allotment
458.00 0.00
Minimum Application for shares in Nos : 300 Further Multiples of : 300
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 30.00 Fedex Securities Pvt Ltd
Project Financed through Current Offer (.Cr) 33.53  
Post Issue Equity Share Capital (.Cr) 2.78
Issue Price () 458.00
Projects
Funding its working capital requirements
General corporate purposes
Promoted By
Nirbhaynarayan Singh
Prayagdatt Mishra
Listing At
NSE - SME
Registrar to the Issue
No Data Available
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