IPO Details
- Opening Date
- Close Date
- Allotment Date
- Listing Date
- Face Value
- Issue Price
- Market Lot
- Total Issue Size
- September 27, 2024
- October 1, 2024
- October 3, 2024
- October 7, 2024
- 10
- 435 to 458
- 10
- ₹33.53 Crores
HVAX Technologies IPO: Invest in Innovation
Overview
HVAX Technologies Limited, established in 2010, stands at the forefront of engineering and technology innovation. With its corporate office located at 601, Lodha Supremus, I-Think Techno Campus, Kanjurmarg (East), Mumbai, Maharashtra, the company has garnered a reputation for delivering superior solutions across industries. HVAX specializes in the design, development, and supply of high-quality air handling and HVAC systems, with applications in diverse sectors like pharmaceuticals, food and beverage, and heavy industries.
The company is led by experienced promoters Nirbhaynarayan Singh and Prayagdatt Mishra, whose expertise drives HVAX’s operational excellence. HVAX Technologies is preparing for its upcoming IPO, showcasing confidence in its growth trajectory and expansion plans. The company offers a range of cutting-edge products and services that adhere to global standards, backed by robust R&D, a skilled workforce, and state-of-the-art facilities.
HVAX is committed to sustainability and focuses on energy-efficient systems, earning recognition across national and international markets. The IPO listing on the NSE EMERGE platform will enhance HVAX’s visibility and financial strength, allowing it to capitalize on growing demand for innovative air management solutions.
With a strategic approach and a customer-centric focus, HVAX Technologies is poised to play a crucial role in advancing India’s industrial infrastructure while maintaining a competitive edge in the global market. The company’s financial health and expansion plans make it an attractive proposition for investors looking to invest in a growing and innovative sector.
Company Financial
Restated Summary Statement of Assets and Liabilities
| Hyundai Motor India Limited - Restated Consolidated Statement of Assets and Liabilities | As at June 30, 2024 | As at June 30, 2023 | As at March 31, 2024 | As at March 31, 2023 | As at March 31, 2022 |
| Assets | |||||
| Non-current assets | |||||
| Property, plant and equipment | 63,786.92 | 64,386.51 | 67,135.59 | 57,656.36 | 62,290.52 |
| Capital work-in-progress | 9,721.25 | 7,081.22 | 6,528.42 | 13,366.35 | 5,291.25 |
| Right-of-use assets | 6,134.07 | 560.8 | 6,183.42 | 577.65 | 662.96 |
| Intangible assets | 2,612.91 | 3,059.09 | 2,825.26 | 3,270.32 | 3,758.62 |
| Other financial assets | 629.21 | 546.31 | 624.12 | 516.97 | 493.98 |
| Deferred tax assets (net) | 9,896.71 | 8,755.07 | 9,477.90 | 8,265.99 | 6,156.74 |
| Non-current tax assets (net) | 7,012.78 | 6,212.66 | 6,886.39 | 6,146.71 | 2,081.53 |
| Other non-current assets | 3,031.11 | 2,215.73 | 2,590.92 | 2,313.36 | 2,046.57 |
| Total non-current assets | 1,02,824.96 | 92,817.39 | 1,02,252.02 | 92,113.71 | 82,782.17 |
| Current assets | |||||
| Inventories | 28,882.93 | 35,943.73 | 33,156.29 | 34,224.09 | 28,811.20 |
| Trade receivables | 23,581.40 | 26,434.06 | 25,100.26 | 28,971.92 | 21,824.07 |
| Cash and cash equivalents | 45,042.88 | 64,630.48 | 9,732.15 | 1,77,411.47 | 1,41,388.42 |
| Bank balance other than above | 40,084.95 | 1,28,065.91 | 80,441.30 | - | - |
| Loans | - | - | - | 659.48 | 154.94 |
| Other financial assets | 3,718.15 | 3,003.44 | 3,439.24 | 4,539.58 | 3,005.15 |
| Other current assets | 9,567.12 | 6,153.82 | 9,371.19 | 7,813.17 | 5,614.63 |
| Total current assets | 1,50,877.43 | 2,64,231.44 | 1,61,240.43 | 2,53,619.71 | 2,00,798.41 |
| Total assets | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
| Equity and Liabilities | |||||
| Equity | |||||
| Equity share capital | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 |
| Reserves and surplus | 1,13,361.69 | 2,05,682.88 | 98,531.16 | 1,92,422.77 | 1,60,437.14 |
| Total equity | 1,21,487.10 | 2,13,808.29 | 1,06,656.57 | 2,00,548.18 | 1,68,562.55 |
| Non-current liabilities | |||||
| Borrowings | 6,016.98 | 6,862.07 | 6,227.97 | 7,065.66 | 7,667.10 |
| Lease liabilities | 533.54 | 259.3 | 557.68 | 267.23 | 307.47 |
| Provisions | 8,671.35 | 8,270.03 | 8,467.39 | 8,037.65 | 7,743.02 |
| Other non-current liabilities | 11,968.21 | 10,119.09 | 11,610.97 | 9,759.55 | 7,378.07 |
| Total non-current liabilities | 27,190.08 | 25,510.49 | 26,864.01 | 25,130.09 | 23,095.66 |
| Current liabilities | |||||
| Borrowings | 1,564.46 | 5,968.92 | 1,451.18 | 4,520.34 | 3,733.23 |
| Lease liabilities | 96.62 | 34.25 | 95.58 | 40.24 | 68.95 |
| Total outstanding dues of micro enterprises and small enterprises | 1,831.52 | 2,072.11 | 2,158.18 | 1,536.92 | 1,274.98 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 72,963.46 | 72,772.39 | 72,871.39 | 52,779.30 | |
| Other financial liabilities | 6,031.06 | 8,809.48 | 5,759.74 | 8,067.47 | 4,263.43 |
| Other current liabilities | 15,466.82 | 17,948.80 | 39,327.93 | 25,342.17 | 23,789.21 |
| Provisions | 4,580.67 | 4,393.04 | 4,528.20 | 4,539.05 | 4,027.33 |
| Current tax liabilities (net) | 6,735.79 | 5,539.99 | 3,878.67 | 3,137.57 | 1,985.94 |
| Total current liabilities | 1,05,025.21 | 1,17,730.05 | 1,29,971.87 | 1,20,055.15 | 91,922.37 |
| Total liabilities | 1,32,215.29 | 1,43,240.54 | 1,56,835.88 | 1,45,185.24 | 1,15,018.03 |
| Total equity and liabilities | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
Statement of Profit and Loss
| Hyundai Motor India Limited - Restated Consolidated Statement of Profit and Loss (including other comprehensive income) | For the period ended June 30, 2024 | For the period ended June 30, 2023 | For the year ended March 31, 2024 | For the year ended March 31, 2023 | For the year ended March 31, 2022 |
| Income | |||||
| Revenue from operations | 1,73,442.34 | 1,66,235.11 | 6,98,290.57 | 6,03,075.80 | 4,73,784.32 |
| Other income | 2,237.50 | 3,881.00 | 14,732.68 | 11,290.62 | 5,876.16 |
| Total income | 1,75,679.84 | 1,70,116.11 | 7,13,023.25 | 6,14,366.42 | 4,79,660.48 |
| Expenses | |||||
| Cost of materials consumed | 1,17,638.35 | 1,18,640.95 | 5,12,979.91 | 4,45,086.35 | 3,52,308.08 |
| Purchases of stock-in-trade | 1,801.24 | 816.14 | 4,334.27 | 6,564.16 | 6,564.05 |
| Changes in inventories of finished goods, work-in-progress, and stock-in-trade | 5,337.45 | 6,557.53 | -1,384.74 | -1,351.21 | -621.2 |
| Employee benefits expense | 5,527.69 | 4,794.67 | 19,754.88 | 17,662.26 | 16,476.38 |
| Finance costs | 316.4 | 371.86 | 1,580.79 | 1,424.01 | 1,319.13 |
| Depreciation and amortisation expense | 5,289.81 | 5,596.90 | 22,079.31 | 21,898.66 | 21,695.86 |
| Other expenses | 19,868.85 | 15,555.02 | 71,820.52 | 60,098.70 | 44,397.74 |
| Cost of materials consumed for own use | -133.78 | -101.75 | -540.43 | -472.26 | -201.61 |
| Total expenses | 1,55,646.01 | 1,52,231.32 | 6,30,624.51 | 5,50,910.67 | 4,41,938.42 |
| Profit before tax | 20,033.83 | 17,884.79 | 82,398.74 | 63,455.75 | 37,722.06 |
| Tax expense | |||||
| Current tax | 5,533.93 | 5,071.33 | 22,965.26 | 18,414.53 | 10,377.87 |
| Deferred tax (net) | -396.62 | -478.4 | -1,166.96 | -2,051.28 | -1,671.72 |
| Total tax expense | 5,137.31 | 4,592.93 | 21,798.30 | 16,363.25 | 8,706.15 |
| Profit for the period / year | 14,896.52 | 13,291.86 | 60,600.44 | 47,092.50 | 29,015.91 |
| Other comprehensive income ('OCI') for the period / year | |||||
| Remeasurements of net defined benefit liability / (asset) | -88.18 | -42.43 | -178.57 | -230.33 | 36.11 |
| Income tax relating to items that will not be reclassified to profit or loss | 22.19 | 10.68 | 44.95 | 57.97 | -9.09 |
| Total other comprehensive income / (loss) | -65.99 | -31.75 | -133.62 | -172.36 | 27.02 |
| Total comprehensive income for the period / year | 14,830.53 | 13,260.11 | 60,466.82 | 46,920.14 | 29,042.93 |
Board of Directors of Company
Nirbhaynarayan Singh – Chairman and Whole-time Director
Prayagdatt Mishra – Executive Director
Shiv Kumar Mittal – Non-Executive Director
Renuka Kunal Bajaj – Independent Director
Brinda Jitendrakumar Soni – Independent Director
Company contact Details
601, Lodha Supremus,
I-Think Techno Campus,
Kanjurmarg (East),
Mumbai – 400042,
Maharashtra