The share allocation for HVAX Technologies Ltd’s Initial Public Offering (IPO) will be finalised today, October 3. The IPO, listed under the NSE SME platform, saw strong demand with over 1.67 crore shares bid for, even though only 4.87 lakh shares were available.
HVAX Technologies shares are expected to be listed on the National Stock Exchange (NSE) SME platform on Monday, October 7.
Investors who applied for shares in this IPO can check their allotment status on Kfin Technologies. If you successfully receive an allotment, the shares will be added to your Demat account by October 4. Refunds for those who did not get any shares will also be processed on the same day.
The IPO opened for bidding on September 27 and was a book-built offer, valued at ₹33.53 crore. It included a fresh issue of 7.32 lakh shares. The price range for the shares was set between ₹435 and ₹458 each. Retail investors needed to invest at least ₹137,400 to buy a minimum lot of 300 shares.
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