IPO Details

About Company

Founded in 2010, HVAX Technologies Limited specializes in providing turnkey engineering, procurement, and execution services for controlled environment and cleanroom infrastructure. The company offers design, engineering, and consulting services primarily to pharmaceutical and healthcare industries. HVAX Technologies supplies a range of products manufactured by third parties, including cleanroom wall and ceiling panels, covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, prefabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) equipment, and utility generation and distribution equipment. Its customer base spans pharmaceutical, chemical, healthcare, hospital, and FMCG companies. HVAX Technologies has successfully completed approximately 200 projects across India and 15 other countries, including Algeria, Ethiopia, the UAE, Ghana, Kenya, Nepal, New Zealand, Nigeria, Saudi Arabia, Sri Lanka, South Africa, Tanzania, Uganda, and Zimbabwe. The company executed 53 projects in FY 2024, 48 projects in FY 2023, and 52 projects in FY 2022, generating revenue from turnkey projects of Rs. 8,445.73 lakhs, Rs. 9,343.63 lakhs, and Rs. 6,632.27 lakhs, respectively. Competitive Strengths: - Experienced promoters and a skilled management team - Strong track record of consistent project execution - Visible growth potential, supported by a solid order backlog - Strong and stable financial performance, backed by an effective internal control and risk management system As of August 31, 2024, the company employed 125 permanent employees and 21 temporary or agency workers.