ROX Hi-Tech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 09, 2023Let’s have a detailed review of the company and analytics of the ROX Hi-Tech IPO release date, IPO offer price, subscription, ROX Hi-Tech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 80 to Rs 83 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1600 Shares |
| Listing Date | November 20, 2023 |
| Offer for Sale | Rs 454 Lakh |
| Fresh Issue | Rs 4995 Lakh |
| IPO Size | Rs 5449 Lakh |
| Tick Size | 1 |
ROX Hi-Tech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – ROX Hi-Tech Share Price |
ROX Hi-Tech IPO – Summary
ROX, headquartered in Chennai, India, is a customer-centric IT solutions provider with a vision to being committed to excellence. With over 22 years of industry experience, their Company have evolved from an IBM Business Partner into a prominent player in the IT segment.
Their Company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. They are in the business of providing end-to-end IT solution providers.
The Promoter of this company is Mr Manish Kumar Dabkara. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
ROX Hi-Tech IPO Date
The opening and closing dates of ROX Hi-Tech IPO are November 7, 2023, and November 9, 2023, respectively.
ROX Hi-Tech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 7th Nov | 7.91x | 19.82x | 29.05x | 21.69x |
| 2nd Day – 8th Nov | 8.58x | 43.64x | 84.89x | 56.59x |
| 3rd Day – 9th Nov | 106.25x | 366.86x | 204.02x | 214.44x |
| Shares Offered or Net Issue | 1,051,200 | 896,000 | 2,193,600 | 6,569,600 |
The shares subscribed by the public will be updated here.
ROX Hi-Tech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
ROX Hi-Tech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 15, 2023 |
| Refunds Initiation | November 16, 2023 |
| Credit of Shares to Demat Account | November 17, 2023 |
| Share Listing Date | November 20, 2023 |
ROX Hi-Tech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 80 to Rs 83
ROX Hi-Tech IPO Equity Size
This Initial Public Issue of 6,564,800 Equity Shares of Rs.10 each for cash at a price of Rs 80 to Rs 83 per equity share aggregating to Rs.4995 Lakh.
ROX Hi-Tech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,017,600 Equity Shares of Rs.10/ each.
Issue Size: 6,564,800 Equity Shares of Rs.10 each, aggregating to Rs.4995 Lakh
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ROX Hi-Tech IPO – Live Performance
The listing date of this IPO is November 20, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – ROX Hi-Tech Share Price |
ROX Hi-Tech IPO Grey Market Premium
The ROX Hi-Tech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
ROX Hi-Tech IPO – Company Overview
They seamlessly connect devices, exchange data, and provide real-time insights for enhanced efficiency and innovation, with the potential of the Industrial Internet of Things (IoT).
They additionally elevate network management and security through Software-Defined Access (SD-Access), simplify network operations with Cloud Managed Networking, transform wide area networks with Software-Defined Wide Area Network (SD-WAN), and valuable insights with advanced Network Analytics. Additionally, they foster wireless connectivity and mobility solutions for the client’s workforce.
They help their clients with their content with A/V equipment brands through their studio setup. They enable their clients to undertake professional Video Capturing, Editing, Graphics & Live Streaming, and reap benefits from Content Creation, Authoring, and Secure Hosting.
ROX Hi-Tech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Jul-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 8,010.87 | 6,103.26 | 3,866.72 | 3,887.58 |
| *Total Revenue | 5,001.20 | 13,398.85 | 10,297.25 | 6,547.94 |
| Total Expense | 4,095.04 | 11,351.36 | 10,089.20 | 6,457.91 |
| Profit After Tax | 675.89 | 1,532.97 | 151.31 | 66.15 |
Earnings per Equity Share (in Lakh)
| 31-Jul-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 4.02 | 9.11 | 0.90 | 0.39 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,532.97 Lakh, Rs. 151.31 Lakh and Rs. 66.15 Lakh respectively.
ROX Hi-Tech IPO – Promoters
The Promoter of this company is:
- MR. JIM RAKESH
- MRS. SUKANYA RAKESH
List of Related Parties (Key Managerial Personnel)
- Jim Rakesh, Chairman and Managing Director
- Sukanya Rakesh, Whole-Time Director and Chief Financial Officer
- Munusamy Murugan Senthil Kumar, Whole-time Director
- Jeyasimmon Kenny Robert, Non-Executive NonIndependent Director
ROX Hi-Tech IPO – Promoters Holding
- Pre-Issue Share Holding – 83.29%
- Post-Issue Share Holding – %
ROX Hi-Tech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 65,64,800 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 8,48,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 57,16,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 21,93,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 21,93,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,68,18,750 Equity Shares |
| Equity Shares outstanding after the Issue | 2,28,33,550 Equity Shares |
ROX Hi-Tech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 at Noida. - Funding their working capital requirements and
- General Corporate Expenses
ROX Hi-Tech IPO – Business Strategy
- Expanding and augmenting their product portfolio
- Centre of Excellence (COE) for Medical Automation:
- Revolutionizing Cancer Treatment: CyberKnife System with LINAC Technology:
- Acquire new clients and deepen key account relationships
ROX Hi-Tech IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and Technically Sound Operational Team
- Domain expertise with advance technology.
- Significant product development and innovation.
- Long term relationship with clients and repeated business
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 9.11 | 63.48% | 14.36 |
| 31-Mar-22 | 0.90 | 17.15% | 5.24 |
| Mar-21 | 0.39 | 9.05% | 4.34 |
ROX Hi-Tech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| ROX Hi-Tech Limited | 10 | [●] | 9.11 | 63.48% | 13,398.85 |
| Listed Peers | |||||
| Dynacons Systems & Solutions Ltd | 10 | 11.26 | 27.71 | 31.83 | 80,644.07 |
ROX Hi-Tech IPO Lead Managers
| Lead Managers |
| SWARAJ SHARES AND SECURITIES PRIVATE LIMITED 304, A Wing, 215 Atrium Near, Courtyard Marriot, Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India Tel: +91-22-6964-9999 Email: compliance@swarajshares.com ; Website: www.swarajshares.com SEBI Registration Number: INM00012980 Contact Person: Pankita Patel/ Tanmoy Banerjee CIN: U51101WB2000PTC092621 |
ROX Hi-Tech IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East) Mumbai 400011, Maharashtra, India. Tel: +91 022 2301 8261; Fax No: +91 022 2301 2517 E-mail: support@purvashare.com ; Website: www.purvashare.com SEBI Registration: INR000001112 Contact Person: Ms. Deepali Dhuri CIN: U67120MH1993PTC074079 |
ROX Hi-Tech IPO – Other Details
- Statutory Auditor – L U Krishnan & Co
- Legal Counsel to the Company – A & G Legal Associates LLP
- Bankers to the Company – HDFC Bank Limited
ROX Hi-Tech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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ROX Hi-Tech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
ROX Hi-Tech IPO Review FAQs
Check out various FAQs related to ROX Hi-Tech IPO:
What is the Issue Size of ROX Hi-Tech IPO?
The Company is making an initial public offer of 6,564,800 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of ROX Hi-Tech IPO?
The price band for this particular IPO ranges between Rs 80 to Rs 83. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the ROX Hi-Tech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 7, 2023, while the closing date is set at November 9, 2023.
What is the ROX Hi-Tech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 15, 2023, refund initiation is on November 16, 2023, credit of shares is on November 17, 2023, and share listing date is on November 20, 2023.
What is the ROX Hi-Tech IPO Listing Date?
Shares of this company shall be listed in the exchanges November 20, 2023. The date, when the listing would be done, is stagnant on November 20, 2023.
Who is the Registrar of ROX Hi-Tech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of ROX Hi-Tech IPO?
Here are the promoters of this IPO – MR. JIM RAKESH AND MRS. SUKANYA RAKESH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of ROX Hi-Tech IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is ROX Hi-Tech IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of ROX Hi-Tech Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,532.97, 2022 is 151.31, and 2021 is 66.15. PAT from July 2023 is 675.89.
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