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ROX Hi-Tech Limited IPO Detail

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 Rakesh

IPO Details

IPO Opening DateNov 07, 2023
IPO Closing DateNov 09, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹80 - 83 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE 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)

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 DateNov 07, 2023
IPO Close DateNov 09, 2023
Basis of Allotment DateNov 15, 2023
Initiation of RefundsNov 16, 2023
Credit of Shares to Demat AccountNov 17, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding83.29%
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