| Initial public issue of upto 7,32,000* equity shares of face value of
Rs. 10/- each of HVAX Technologies Limited ("HVAX" or the "Company" or the "Issuer") for cash at a price of Rs. 458/- per equity share including a share premium of Rs. 448/- per equity share (the "Issue Price") aggregating to Rs. 33.53 crores ("The Issue"), of which 37,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 458/- per equity share including a share premium of Rs. 448/- per equity share aggregating to
Rs. 1.70 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 6,94,800 equity shares of face value of Rs. 10/- each at a price of Rs. 458/- per equity share including a share premium of Rs. 448/- per equity share aggregating to Rs. 31.82 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.36 % and 25.02 %, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.
*Subject to finalization of the basis of allotment
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