HVAX Technologies Limited 

 

Since its inception in 2010, HVAX Technologies Limited has been a leading provider of engineering and construction services for controlled environments in the pharmaceutical and healthcare industries. Over the years they have developed reliable infrastructure for biotech facilities, hospitals, and pharmaceutical companies.

They have completed over 200 projects in 20 countries earning a reputation for reliability among its clients. As they expand their services into healthcare, food, and containment projects, HVAX is confident in reaching $35 million in revenue by 2026. The company is highly committed to improving its team, work processes, and overall efficiency, this will allow them to serve more customers around the world and continue building high-quality infrastructure. 

The products offered by the company are cleanroom wall panels, ceiling panels, covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, electrical panels, pre-fabricated galvanized iron ducts, air handling units, chillers, building management systems, and equipment for generating & distributing utilities. 

Nirbhaynarayan Singh and Prayagdatt Mishra are the promoters of HVAX Technologies. 

For the financial year 2024, the company’s revenue increased by 12%, and Profit After Tax (PAT) rose by 80%.

IPO Details: 

Face Value: ₹10 per share
Price Band: ₹435 to ₹458 per share 

Lot Size: 300 shares 

Fresh Issue: 732,000 shares

Listing Date: October 07, 2024

 

Saj Hotels Limited

 

Saj Hotels Limited was established in 1981 and is a prominent name in the hospitality industry, providing a variety of services such as traditional resort stays, villa rentals, and dining experiences with its restaurants and bars. From stunning beaches in Goa to the serene landscapes of Maharashtra and Madhya Pradesh, Saj Hotels offers a variety of resorts and restaurants perfect for family gatherings, leisure vacations, weddings, and corporate events. 

 

The company owns or leases three resort properties, of which two are managed and operated directly by Saj Hotels, while one is leased to other operators. These resorts are flexible venues that can host various events, including conferences, weddings, and social gatherings. Additionally, the company has invested 50% in My Own Rooms Dot In Pvt Ltd, which helps them expand their presence and diversify their offerings in the hospitality sector. This investment reflects their commitment to growing and enhancing their services for guests. 

 

The company is proudly guided by its promoters: Rahul Maganlal Timbadia, Kartik Maganlal Timbadia, and Karan Kartik Timbadia, who play key roles in shaping its vision and success. 

 

For the financial year 2024, the company’s revenue increased by 13.52%. 

 

IPO Details:

 

Face Value: ₹10 per share
Price: ₹65 per share 

Lot Size: 2000 shares 

Fresh Issue: 4,250,000 shares

Listing Date: October 07, 2024

Conclusion:

 

HVAX Technologies and Saj Hotels are all set to transform their respective industries, offering investors a chance to be at the forefront of technological innovation and hospitality excellence. Both companies, HVAX Technologies & Saj Hotels IPOs will be listed on NSE SME with a listing date of October 07, 2024, with a minimum investment of ₹137,400 and ₹130,000. 

 

Check out the IPOs Performance in 2024 So Far and know the process of IPO in India. Your willingness to invest must consider How to Apply for an IPO. Also, watch why you should invest in an IPO. 

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.