* As certified by our Statutory Auditor. Mis. Keyur Shah & Associates vide their certificate dated October01.2024

** The face value of Equity Shares is Rs. 10/- each

(II) WEIGHTED AVERAGE PRICE AT WHICH THE EQUITY SHARES WERE ACQUIRED BY OUR PROMOTERS IN LAST ONE YEAR. EIGHTEEN MONTHS AND THREE YEARS FROM THE DATE OF PROSPECTUS:

*As certified by our Statutory Auditor. Mis. Keyur Shah & Associates vide their certificate dated October01,2024

* *The company has issued Bonus Equity Shares vide resolution of its shareholders dated March 30.2024. The lace value ol Equity Shares is Rs. 10/- each

(III) WEIGHTED AVERAGE COST OF ACQUISITION OF ALL SHARES TRANSACTED IN THE LAST THREE (3) YEARS. EIGHTEEN (18) MONTHS AND ONE (1) YEAR FROM THE DATE OF PROSPECTUS

The weighted average cost of acquisition of all shares transacted (i) in the preceding three (3) years; (ii) in the preceding one (1) year; and (iii) in the preceding eighteen (18) months from the date of the Prospectus Is as under:

*As certified by our Statutory Auditor, M/s. Keyur Shah & Associates vide their certificate dated October01,2024. * "The face value of Equity Shares istWi- each.

(IV) WEIGHTED AVERAGE COST OF ACQUISTION (WACA)

Since there are the transaction to report to under (a) and no transaction to report under (b) therefore based on last 5 primary and secondary transactions

*As certified by our Statutory Auditor, Mis. Keyur Shah & Associates vide their certificate dated September23,2024

The Issue was made In terms of Rule 19(2)(b) of the Secures Contracts (Regulation) Rules. 1957. as amended (the "SCRR"), read with Regulation 253(1 )of the SEBIICDR Regulations. The Issue was made through the Book Building Process in accordance with Regulation 229(1) of the SEBI ICDR Regulations wherein not more than 50% of the Issue v/as available for allocation on a proportionate basis to Qualified Institutional Buyers {‘QIBs") (the ‘QIB Portion"), Our Company in consultation with the BRIM allocated up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation was on a discretionary basis by our Company m consultation with the BRIM, in accordance with the SEBI ICDR Regulations (the "Anchor Investor Portion"), of which one-third v/as reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocabon is made to Anchor Investors (‘Anchor Investor Allocation Price"). Further. 5% of the Net QIB Portion v/as made available for allocation on a proportionate basis to Mutual Funds only, subject to valid Bids being received at or above the Issue Price, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the issue Price.. Further, not less than 15.00% of the Issue was made available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35.00% of the Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Issue Price. All Bidders were required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts were blocked by the Self Certified Syndicate Banks fSCSBs") or under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors v/ere not permitted to participate in the Issue through the ASBA process. For details, see Issue Procedure' on page 292 of the Prospectus.

DETAILS OF THE APPLICATION:

The bidding for Anchor Investor opened and closed on Thursday, September 26.2024. The company received 3 applications from 3 anchor Investors for 2,61.000 Equity Shares. The Anchor investor price was finalized at Rs. 4b8/- per Equity Share. A total of 2.07,000 shares were allocated under the Anchor Investor Portion aggregating to Rs. 9.48,06,000/-.

The Issue has received 16.802,700 applications (before rejections and bids not banked) for 5,25.000 Equity Shares (Including Market Maker Application of 37.200 Equity Shares) resulting in 32.0051 times subscription.

The details of the applications received in the Issue from Qualified Institutional Bidders (excluding Anchor Investors), Retail Individual Investors, Non-lnstitutional Investors and Market Maker (before and after technical rejections & withdrawal) are as follows:

A. DETAILS OF VALID APPLICATIONS:

* This excludes 46 applications (or 13.800 Equity Shares from Retail Individual which were not in bid book but which were banked.

Final Demand

A summary of final demand as per NSE as on the Bid/issue closing date at different bid/issue is as under

ALLOCATION: The Basis of Allotment was finalized in consultation with the Stock Exchange i e NSE on Thursday October 03,2024.

B. Allocation to Market Maker (Alter Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of 1458/- per Equity Share, was finalised in consultation with NSE The category was subscribed by 1 time. The total number of shares allotted in this category is 37,200 Equity shares in full out of reserved portion of 37.200 Equity Shares.

C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 458/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 26.58 times. The total number of shares allotted in this category is 244500 Equity shares out of reserved portion of 2,44,500 Equity Shares.

D. Allocation to Qualified Institutional Buyers excluding Anchor Investor portion (After Technical Rejections): The Basis of Allotment to the Qualified Institutional Buyer excluding Anchor Investor portion, at the issue price of 458/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 14 01 times. The total number of shares allotted in this category Is 138000 Equity shares out of reserved portion of 3,4 5.000 Equity Shares.

E Allocation to Anchor Investors: The Company received a total of 3 Anchor Investor Application Forms from 3 Anchor Investors for 261.000 Equity Shares and the aggregate amount collected from applications made by such Anchor Investors v/as T119.538.000. Out of the total 3 Anchor Investor Application Forms, there are Nil Anchor Investor Application Forms were received from Domestic Mutual Funds (applying through Nil Schemes) for Nil Equity Shares. A total of 207,000 Equity Shares were allocated under the Anchor Investor Portion at Rs. 458 per Equity Share (including a share premium of Rs. 448.00 per Equity Share) aggregating to Rs. 94.806.000

F Allocation to Non- Institutional Investors (After Technical Rejections): The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs.458/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 77.86 times. The total number of shares allotted in this category is 105.300 Equity shares out of reserved portion of 105.300 Equity Shares.

The Board of Directors of the Company at its meeting held on October 03,2024 has taken on record the Basis of Allotment of Equity Shares, as approved by the Stock Exchange viz. NSE EMERGE and has authorized the online corporate action for the allotment of the Equity Shares in demateriaiised form to various successful bidders. The CAN-cum-Refund Orders and Allotment Advice and/or Notices are being dispatched to the address of the investors as registered with the depositories/ as filled in the application form on or before October 04.2024. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to October 04.2024 for unblocking fund. In case the same is not received in compliance with applicable timelines, investors may contact at the address given below. The Equity Shares allotted to successful allottees are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company shall hie the listing application with NSE on October 04.2024. The Company is in process of obtaining the listing & the trading approval from NSE and the trading is expected to commence on or about October 07.2024.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as Ascribed to them in the Prospectus dated October 01.2024 ("Prospectus") filed with the Registrar of Companies. Mumbai.

FEDEX SECURITIES PRIVATE LIMITED

INVESTORS, PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. KFIN TECHNOLOGIES LIMITED at www.kfintech.com . All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ sole 8idder. Bid cum Application Form number. Bidder DP ID. Client ID. PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

	REGISTRAR TO THE ISSUE		BOOK RUNNING LEAD MANAGER
	KFIN TECHNOLOGIES LIMITED		FEDEX SECURITIES PRIVATE LIMITED
	Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District,		B 7,3rd Floor, Jay Chambers. Dayaldas Road, Vile Parie (East),
	Nanakramguda, Serilingampally. Hyderabad - 500 032, Telangana. India		Mumbai - 400 057. Maharashtra. India
	Telephone: +91 4067162222		Telephone +91 81049 85249:
	E-mail: bpsl.ipo@kfintech.com		E-mail: mb@fedsec.in
	Website: www.kfintech.com		Investor Grievance E-Mail: mb@fedsec.in
	Contact Person: Mr. M Murali Krishna		Website: www.fedsec.ln:
	SEBI Registration No.: INR000000221		Contact Person: Mr. Saipan Sanghvi
	Investor Grievance E-Mail: einward.ris@ktintech.com		SEBI Registration Number: INM000010163

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF HVAX TECHNOLOGIES LIMITED.

The Prospectus is available on the website of SEBI at www.sebi.gov.in , the website of the Book Running Lead Manager at www.fedsec.in ,website of the NSE India at www.nseindia.com  and v/ebsite of Issuer Company at www.hvax.in . For details, investors should refer to and rely on the Prospectus including the chapter titled "Risk Factors " beginning on page 25 of the Prospectus. Potential Bidders may rely on the information disclosed in the Prospectus as being true and correct.

Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933. as amended ("US Securities Act") or any other state securities laws in the United States of America and may not be sold or offered within the United States of America, or to. or for the account or benefit of "US Persons" as defined in Regulation S of the U.S. Securities Act. except pursuant to exemption from, or in a transaction not subject to. the registration requirements of US Securities Act and applicable state securities laws. Accordingly, the equity shares are being offered and sold only outside the United States of America in an offshore transaction in reliance upon Regulation S under the US Securities Act and the applicable laws of the jurisdiction where those offers and sale occur.