ROX Hi-Tech IPO GMP, Review, Price, Allotment, Details

ROX Hi-Tech IPO is gearing up for its Initial Public Offering (IPO) with key details as follows:

  • IPO Size: The IPO is a book-built issue valued at approximately Rs 54.49 crores.
  • IPO Components: The IPO consists of two components: a fresh issue of 60.18 lakh shares, amounting to Rs 49.95 crores, and an offer for sale of 5.47 lakh shares, equivalent to Rs 4.54 crores.
  • Subscription Period: The ROX Hi-Tech IPO opens for subscription on November 7, 2023, and closes on November 9, 2023.
  • Allotment Date: The allotment for the ROX Hi-Tech IPO is anticipated to be finalized on Wednesday, November 15, 2023.
  • Listing Date: The IPO is set to list on NSE SME, with the tentative listing date scheduled for Monday, November 20, 2023.
  • IPO Price Band: The price band for the ROX Hi-Tech IPO is in the range of ₹80 to ₹83 per share.
  • Minimum Lot Size: For an application, the minimum lot size is 1600 shares.
  • Investment Requirements: Retail investors are required to invest a minimum of ₹132,800, considering the minimum lot size. HNI investors must apply for a minimum of 2 lots, totaling 3,200 shares, which amounts to ₹265,600.

ROX Hi-Tech IPO Timeline

ROX Hi-Tech IPO opens on November 7, 2023, and closes on November 9, 2023.

IPO Open DateTuesday, November 7, 2023
IPO Close DateThursday, November 9, 2023
Basis of AllotmentWednesday, November 15, 2023
Initiation of RefundsThursday, November 16, 2023
Credit of Shares to DematFriday, November 17, 2023
Listing DateMonday, November 20, 2023
Cut-off time for UPI mandate confirmation5 PM on November 9, 2023

ROX Hi-Tech IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Retail (Min)11600₹132,800
Retail (Max)11600₹132,800
HNI (Min)23,200₹265,600

About the Issue

ROX Hi-Tech Limited, established in 2002, is a customer-centric IT solutions provider specializing in a wide range of distributed IT solutions. Their services encompass consulting, enterprise and end-user computing, managed print, and network services.

The company’s core offerings include:

  1. Digital Transformation Solutions: Providing software services, AI (Artificial Intelligence), RPA (Robotic Process Automation), and ML (Machine Learning) solutions.
  2. Network and Collaboration: Offering services related to network infrastructure and collaborative tools.
  3. IT And OT Security: Focusing on both IT (Information Technology) and OT (Operational Technology) security solutions.
  4. Datacenter Solutions: Covering on-premises and cloud-based data center solutions.
  5. IoT, SMART, and MEDIA: Services related to the Internet of Things (IoT), SMART technologies, and media solutions.
  6. Smart Edge Devices: Delivering intelligent edge devices and solutions.

With more than 22 years of industry experience, ROX Hi-Tech has transitioned from an IBM Business Partner to a prominent player in the IT sector. Their financial performance shows steady growth, with total revenue from operations of Rs. 13,372.79 Lacs in fiscal 2023, Rs. 10,286.22 Lacs in 2022, and Rs. 6,407.18 Lacs in 2021. This reflects their expanding presence and capabilities in the IT solutions market.

ROX Hi-Tech Limited Financials (Rs in Lakhs)

ROX Hi-Tech Limited’s revenue increased by 30.12% and profit after tax (PAT) rose by 913.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax675.891,532.97151.3166.15
Net Worth3,090.932,415.03882.06730.75
Reserves and Surplus1,409.051,667.53134.56405.75
Total Borrowing2,838.792,258.361,794.591,135.32

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1. Funding for Capital Expenditure:

i. Setting up a Network Operations Centre (NOC) & Security Operations Centre (SOC) at Chennai;

ii. Setting up a Chennai Medical Automation Centre; and

iii. Setting up a Global Software Delivery Center in Noida.

ROX Hi-Tech IPO Registrar

Phone: +91-022-23018261/ 23016761

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