ROX Hi-Tech IPO is a book built issue of Rs 54.49 crores. The issue is a combination of fresh issue of 60.18 lakh shares aggregating to Rs 49.95 crores and offer for sale of 5.47 lakh shares aggregating to Rs 4.54 crores.
ROX Hi-Tech IPO opens for subscription on November 7, 2023 and closes on November 9, 2023. The allotment for the ROX Hi-Tech IPO is expected to be finalized on Wednesday, November 15, 2023. ROX Hi-Tech IPO will list on NSE SME with tentative listing date fixed as Monday, November 20, 2023.
ROX Hi-Tech IPO price band is set at ₹80 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600.
Swaraj shares and securities private limited is the book running lead manager of the ROX Hi-Tech IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to ROX Hi-Tech IPO DRHP for detailed information.
ROX Hi-Tech IPO Details
| IPO Date | November 7, 2023 to November 9, 2023 |
| Listing Date | [20 NOVEMBER 2023.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹83 per share |
| Lot Size | 1600 Shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,818,750 |
| Share holding post issue | 22,836,350 |
| Market Maker portion | 848,000 shares |
ROX Hi-Tech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 45.96% of the Net offer |
| Retail Shares Offered | Not less than 38.37% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.67% of the Offer |
ROX Hi-Tech IPO Timeline (Tentative Schedule)
ROX Hi-Tech IPO opens on November 7, 2023, and closes on November 9, 2023.
| IPO Open Date | Tuesday, November 7, 2023 |
| IPO Close Date | Thursday, November 9, 2023 |
| Basis of Allotment | Wednesday, November 15, 2023 |
| Initiation of Refunds | Thursday, November 16, 2023 |
| Credit of Shares to Demat | Friday, November 17, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| HNI (Min) | 2 | 3,200 | ₹265,600 |
| Lot Size Calculator |
ROX Hi-Tech IPO Promoter Holding
Jim Rakesh and Sukanya Rakesh are the promoters of the company.
| Share Holding Pre Issue | 83.29% |
| Share Holding Post Issue |
About ROX Hi-Tech Limited
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.
ROX Hi-Tech Limited Financial Information (Restated)
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 Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,010.87 | 6,103.26 | 3,866.72 | 3,887.58 |
| Revenue | 5,001.20 | 13,398.85 | 10,297.25 | 6,547.94 |
| Profit After Tax | 675.89 | 1,532.97 | 151.31 | 66.15 |
| Net Worth | 3,090.93 | 2,415.03 | 882.06 | 730.75 |
| Reserves and Surplus | 1,409.05 | 1,667.53 | 134.56 | 405.75 |
| Total Borrowing | 2,838.79 | 2,258.36 | 1,794.59 | 1,135.32 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 9.11 |
| ROE | 63.48% |
| ROCE | 50.17% |
| Debt/Equity | 0.94 |
| EPS (Rs) | 9.11 |
| RoNW | 63.48% |
Check ROX Hi-Tech IPO Peer Comparison here.
Objects of the Issue (ROX Hi-Tech IPO Objectives)
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 Contact Details
ROX Hi-Tech Limited
Old No.101B, New No.160,
1st & 3rd Floor Mahalingapuram Main Road,
Nungambakkam, Chennai – 600034
Phone: + 91 44 4206 8316
Email: cs@rox.co.in
Website: https://www.rox.co.in/index.html
ROX Hi-Tech IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/