HVAX Technologies IPO allotment today: Steps to check status on NSE and Kfin Technologies

The share allotment in HVAX Technologies Ltd's initial public offering (IPO) is set to be finalised today, October 3. The NSE SME issue closed with a strong subscription, with bids for more than 1.67 crore shares against 4.87 lakh shares on offer.

HVAX Technologies IPO, open from September 27 to October 1, was booked 34.25 times.

The Non-Institutional Investors (NIIs) portion was booked 78.28 times, followed by retail categories, which saw an oversubscription of 26.72 times. Qualified Institutional Buyers (QIBs) subscribed to their allocation in the issue 14.01 times.

HVAX Technologies IPO share allotment status can be checked on the NSE website and the registrar Kfin Technologies Limited’s website.

Steps to check HVAX Technologies IPO share allotment status on NSE

• Go to the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login using your username and password. (First time users will have to create a login id afresh on the NSE website)
• Select ‘HVAX Technologies Limited’ from the drop-down menu for issue names.
• Type in your PAN details.
• Type in the IPO application Number
• Click on the ‘I am not a Robot’ checkbox
• Click the ‘Submit’ button.

Here’s how to check HVAX Technologies IPO share allotment on registrar website

• Go to the Kfin Technologies Ltd official website (https://www.kfintech.com)
• Navigate to the products section
• Select the Investor option, select IPO share allotment status
• Select HVAX Technologies Limited from the dropdown menu for IPO names
• Enter any of these- application number, PAN, or Demat account number/Client ID
• Enter the captcha code and click ‘Submit’

Following the successful allotment, the company will begin crediting shares into the demat account of successful bidders on October 4. Refunds for non-allottees will also be done on the same day.

Shares of HVAX Technologies will be listed on the NSE SME platform, tentatively on October 7.

HVAX Technologies IPO objective

The company plans to use the money raised via the public issue to fund working capital requirements and general corporate purposes.

HVAX Technologies IPO details

HVAX Technologies IPO price band was set at ₹435 to ₹458 per share. The minimum lot size for retail investors was 300 shares, which aggregates to an investment of ₹1,37,400.

About HVAX Technologies

Established in 2010, HVAX Technologies constructs controlled environments and cleanroom infrastructure for hospitals and pharmaceutical facilities. As of August 31, 2024, the company had 125 permanent employees and 21 agency workers.