hvax applied sciences: HVAX Applied sciences shares to listing at the moment. GMP hints at marginal positive factors
Contemplating the higher worth band of 458, the inventory is predicted to listing with marginal positive factors of simply 5%.
Nonetheless, it is very important be aware that gray market premiums are simply an indicator as to how the corporate’s shares are stacked up within the unlisted market and are topic to alter quickly.
The web proceeds from the general public supply shall be used for funding working capital necessities and common company functions.
The corporate has developed from its origins of performing as a HVAC challenge contractor and gained experience in enterprise turnkey initiatives on engineering, procurement and execution of managed setting infrastructure and cleanrooms
Whereas its major clients are pharmaceutical corporations, different purchasers additionally embody chemical corporations, hospitals, healthcare corporations, and FMCG corporations.HVAX Tech is engaged within the enterprise of turnkey initiatives on engineering, procurement and execution of managed setting infrastructure and cleanrooms. It sells and provides the gear as part of turnkey initiatives.The corporate engages with clients instantly and in addition not directly as a sub-contractor to the principle contractor the place it’s assigned particular work scope.
The India cleanroom panels market is witnessing substantial development, pushed by growing demand for contamination-free manufacturing environments in industries like prescription drugs, biotechnology, electronics, and healthcare.
For the yr ended March 2024, the corporate clocked whole revenues of Rs 106 crore and internet revenue of Rs 9.39 crore.
