Overview of HVAX Technologies IPO
Today, October 3, marks a significant milestone for HVAX Technologies Ltd as the allocation of shares for its initial public offering (IPO) is set to be finalized. This much-anticipated IPO, which is part of the National Stock Exchange (NSE) SME platform, has generated considerable interest from investors, witnessing overwhelming demand. The offering attracted bids for over 1.67 crore shares, despite only 4.87 lakh shares being available for allocation, highlighting a robust investor appetite.
Important Dates
After the share allocation, HVAX Technologies’ shares are slated for listing on the NSE SME, with a tentative date set for Monday, October 7. Investors are eagerly waiting for this listing as it will mark the company’s entry into the public market.
How to Check Allotment Status
For those who participated in the HVAX Technologies IPO, checking the allotment status is a straightforward process. Investors can conveniently verify their status on the Kfin Technologies portal. Successful bidders will see their shares credited to their Demat accounts on October 4, the same day refunds will be processed for those who were not allocated shares.
IPO Details
The HVAX Technologies IPO commenced bidding on September 27 and is a book-built offering valued at approximately ₹ 33.53 crore. The offering includes a fresh issue of 7.32 lakh shares, with a price range set between ₹ 435 and ₹ 458 per share. Retail investors looking to participate are required to invest a minimum amount of ₹ 137,400 for a block of 300 shares, making this an attractive opportunity for those interested in investing in a growing technology company.
Table of Key Information
| Aspect | Details |
|---|---|
| IPO Finalization Date | October 3 |
| Tentative Listing Date | October 7 |
| Shares Offered | 4.87 lakh shares |
| Total Bids Received | 1.67 crore shares |
| IPO Valuation | ₹ 33.53 crore |
| Fresh Issue Size | 7.32 lakh shares |
| Price Range | ₹ 435 – ₹ 458 |
| Minimum Investment | ₹ 137,400 for 300 shares |
Conclusion
The HVAX Technologies IPO is a testament to the growing interest in technology stocks within India’s public markets. With a robust subscription and a planned listing on the NSE SME, investors are optimistic about the potential growth and returns that this company’s shares could provide. As the share allocation process unfolds and the listing date approaches, all eyes will be on HVAX Technologies Ltd and its performance in the stock market.
