ROX Hi-Tech Limited IPO

Price
₹80 - ₹83
Lot
1600
Subs.
214.44
Expected Listing Earning

Exp. Premium(GMP):
52.00(62.65%)
IPO Details

Open Date: 07-Nov-2023
Close Date: 09-Nov-2023
Allotment Date: 15-Nov-2023
Listing Date: 16-Nov-2023
Listing Price: ₹172.1/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹80-83 Per Equity Share
Issue Size: Total Issue Size 6,564,800 shares (aggregating up to ₹54.49 Cr) : Fresh Issue 6,017,600 shares (aggregating up to ₹49.95 Cr) : Offer for Sale 547,200 shares of ₹10 (aggregating up to ₹4.54 Cr)
Market Lot (Min Amount): Retail - ₹132,800 : HNI - ₹265,600
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved1,051,200896,0002,193,6004,140,800
Day 1 - 22-11-23 
05:00 PM
7.91x19.82x29.05x21.69x
Day 2 - 23-11-23 
05:00 PM
8.58x43.64x84.89x56.59x
Day 3 - 24-11-23 
05:00 PM
106.25x366.86x204.02x214.44x
Total No. of Application:2,79,711 (Approx.)
Retail Subscription on the basis of Apps:204.02x
Valuations

Earning Per Share(EPS)9.11/-
P/E Ratio9.11
RoNW63.48%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20236,103.2613,398.851,532.97
31 Mar,20223,866.7210,297.25151.31
31 Mar,20213,887.586,547.9466.15
Promoter(s)

Pre Issue Share Holding83.29%
Post Issue Share HoldingN/A
Company Promoter(s)
1. Jim Rakesh
2. Sukanya Rakesh
Issue Objective(s)

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.

About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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