HVAX Technologies Ltd - IPO

HVAX Technologies Ltd IPO Details

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

Objective of issue

Funding its working capital requirements. General corporate purposes.

HVAX Technologies Ltd Contact Details

HVAX Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@hvax.in

Website - www.hvax.in