ROX Hi-Tech Limited IPO Detail
Incorporated in 2002, ROX Hi-Tech Limited is a customer-centric IT solutions provider. The company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services.
The company's offerings comprise:
- Digital Transformation Solutions (Software services, AI, RPA & ML)
- Network and Collaboration
- IT And OT Security
- Datacenter Solutions (On-premises and Cloud)
- IoT, SMART, and MEDIA 6. Smart Edge Devices
ROX Hi-Tech has over 22 years of industry experience and has evolved from an IBM Business Partner into a prominent player in the IT segment.
The company recorded a total revenue from operations of Rs. 13,372.79 Lacs, Rs. 10,286.22 Lacs, and Rs. 6.407.18 Lacs in fiscal 2023, 2022, and 2021 respectively.
Company Promoters
Jim Rakesh and Sukanya RakeshIPO Details
| IPO Opening Date | Nov 07, 2023 |
| IPO Closing Date | Nov 09, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 - 83 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹54.49 Cr |
| Fresh Issue | ₹49.95 Cr |
| Offer for Sale | ₹4.54 Cr |
| Retail Portion | 38.37% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 7.91x | - | - | 19.78x | 28.67x | 21.48x |
| Day 2 | 8.58x | - | - | 43.60x | 84.42x | 56.34x |
| Day 3 | 106.25x | - | - | 366.86x | 204.02x | 214.44x |
IPO Tentative Timetable
The ROX Hi-Tech Limited IPO open date is Nov 07, 2023, and the close date is Nov 09, 2023. The issue may list on Nov 20, 2023.
| IPO Open Date | Nov 07, 2023 |
| IPO Close Date | Nov 09, 2023 |
| Basis of Allotment Date | Nov 15, 2023 |
| Initiation of Refunds | Nov 16, 2023 |
| Credit of Shares to Demat Account | Nov 17, 2023 |
| IPO Listing Date | Nov 20, 2023 |
IPO Lot Size
The ROX Hi-Tech Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹132800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹132800 |
| Maximum | 1 | 1600 | ₹132800 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.29% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3887.58 | 6547.94 | 66.15 |
| 31-Mar-22 | 3866.72 | 10297.25 | 151.31 |
| 31-Mar-23 | 6103.26 | 13398.85 | 1532.97 |
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.
2. Funding our working capital requirements, and
3. General Corporate Expenses.
ROX Hi-Tech Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
ROX Hi-Tech Limited IPO Lead Manager(s):
Swaraj shares and securities private limited
Company Contact Information:
ROX Hi-Tech Limited
Old No.101B, New No.160,
1st & 3rd Floor Mahalingapuram Main Road,
Nungambakkam, Chennai - 600034
