HVAX Technologies IPO vs Saj Hotels IPO

Comparision between HVAX Technologies IPO and Saj Hotels IPO.

IPO Details

HVAX Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Saj Hotels IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	HVAX Technologies IPO	Saj Hotels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Corpwis Advisors Private Limited
Registrar	Kfin Technologies Limited	Satellite Corporate Services Private Limited
Market Maker	Aftertrade Broking Pvt Ltd	Nnm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of HVAX Technologies IPO is up to ₹33.53 Cr whereas the issue size of the Saj Hotels IPO is up to ₹27.63 Cr. The final issue price of HVAX Technologies IPO is ₹458.00 per share and of Saj Hotels IPO is ₹65.00 per share.

	HVAX Technologies IPO	Saj Hotels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹435.00 per share
Issue Price (Upper)	₹458.00 per share
Issue Price (Final)	₹458.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	300 shares	2000 shares
Fresh Issue Size	7,32,000 shares	42,50,000 shares
Fresh Issue Size (Amount)	up to ₹33.53 Cr	up to ₹27.63 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,32,000 shares	42,50,000 shares
Issue Size Total (Amount)	up to ₹33.53 Cr	up to ₹27.63 Cr

IPO Timetable

HVAX Technologies IPO opens on Sep 27, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of HVAX Technologies IPO and Saj Hotels IPO is Oct 01, 2024, and Oct 01, 2024, respectively.

	HVAX Technologies IPO	Saj Hotels IPO
Anchor Bid Date	Sep 26, 2024
Issue Open	Sep 27, 2024	Sep 27, 2024
Issue Close	Oct 01, 2024	Oct 01, 2024
Basis Of Allotment (Tentative)	Oct 03, 2024	Oct 03, 2024
Initiation of Refunds (Tentative)	Oct 04, 2024	Oct 04, 2024
Credit of Share (Tentative)	Oct 04, 2024	Oct 04, 2024
Listing date (Tentative)	Oct 07, 2024	Oct 07, 2024
Anchor Lockin End date 1	Nov 01, 2024
Anchor Lockin End date 2	Dec 31, 2024

Financials

HVAX Technologies IPO P/E ratio is 9.97, as compared to Saj Hotels IPO P/E ratio of 21.7.

HVAX Technologies IPO

Saj Hotels IPO

Financial

HVAX Technologies Limited Financial Information (Restated)

HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,366.32	7,825.59	5,386.78
Revenue	10,746.99	9,613.86	6,879.13
Profit After Tax	939.07	520.37	418.15
Net Worth	3,059.83	1,720.77	1,200.4
Reserves and Surplus	2,991.67	1,659.08	1,138.71
Total Borrowing	2,437.29	1,692.21	1,010.03
Amount in ₹ Lakhs

Saj Hotels Limited Financial Information (Restated Consolidated)

Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,808.46	9,892.53	9,626.45	3,286.02
Revenue	1,455.49	1,282.19	1,287.90	812.14
Profit After Tax	344.68	355.76	144.25	-120.18
Net Worth	1,734.49	1,316.84	891.08	754.46
Reserves and Surplus	7,721.70	8,325.19	7,977.20	1,748.59
Total Borrowing	291.52	614.14	1,053.54	938.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.50%

84.12%

Promoter Shareholding (Post-Issue)

66.65%

61.94%

P/E Ratio

9.97

21.7

Market Cap

₹127.18 Cr.

₹104.81 Cr.

ROE

39.29%%

19.91%%

ROCE

25.17%%

26.36%%

Debt/Equity

0.8

0.17

EPS

₹45.92

₹3.00

RoNW

30.69%%

19.91%%

Shares Offered

In the HVAX Technologies IPO retail investors (RII) are offered 2,44,500 shares while in Saj Hotels IPO retail investors are offered 2,44,500 shares. Qualified institutional buyers (QIB) are offered 1,38,000 shares in HVAX Technologies IPO and 0 shares in Saj Hotels IPO.

	HVAX Technologies IPO	Saj Hotels IPO
Anchor Investor Reserveration	2,07,000 shares
Market Maker Reserveration	37,200 shares	2,14,000 shares
QIB	1,38,000 shares	0 shares
NII	1,05,300 shares	20,18,000 shares
RII	2,44,500 shares	20,18,000 shares
Employee	0 shares	0 shares
Others
Total	4,87,800 shares	40,36,001 shares

Bids Received (Subscription)

HVAX Technologies IPO subscribed 34.16x in total, whereas Saj Hotels IPO subscribed 5.46x.

	HVAX Technologies IPO	Saj Hotels IPO
QIB (times)	14.02x
NII (times)	77.92x	2.12x
Big NII (times)
Small NII (times)
RII (times)	26.69x	8.65x
Employee (times)
Other (times)
Total (times)	34.16x	5.46x

Compare with others

HVAX Technologies IPO	Saj Hotels IPO
Shiv Texchem IPO	Paramount Dye Tec IPO
Khyati Global Ventures IPO	HVAX Technologies IPO
NeoPolitan Pizza and Foods IPO	Nexxus Petro Industries IPO
Subam Papers IPO	Forge Auto International IPO
Paramount Dye Tec IPO	Sahasra Electronics Solutions IPO
Nexxus Petro Industries IPO	Thinking Hats Entertainment Solutions IPO
Forge Auto International IPO	Unilex Colours and Chemicals IPO
Sahasra Electronics Solutions IPO	TechEra Engineering IPO
Saj Hotels IPO	Divyadhan Recycling Industries IPO
Thinking Hats Entertainment Solutions IPO	Kalana Ispat IPO

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