ROX Hi Tech IPO Details ( ROX Hi-Tech Limited IPO Review )
(7 Nov 2023 – 9 Nov 2023)
ROX Hi-Tech Limited started in 2002 and focuses on providing IT solutions that cater to customers needs. They offer a wide range of IT services, such as consulting, enterprise and end-user computing, managed print, and network services.
With more than 22 years of experience, ROX Hi-Tech has grown from being an IBM Business Partner to a significant player in the IT industry.
In the fiscal years 2023, 2022, and 2021, the company generated revenues of Rs. 13,372.79 Lacs, Rs. 10,286.22 Lacs, and Rs. 6,407.18 Lacs, respectively.
ROX Hi-Tech Limited Company Services
- 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 Limited IPO Competitive Strength
- Experienced Promoter and Qualified Senior Management Team
- Scalable Business Model
- Agile engineering and delivery
- Exclusive Agreement for certain domains
- Marque Clientele
ROX Hi-Tech IPO Financials Performance ( Results )
ROX Hi-Tech Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 3,887.58 | 6,547.94 | 66.15 | 0.39 | 730.75 | 4.34 | 405.75 | 1,135.32 |
| 31-Mar-22 | 3,866.72 | 10,297.25 | 151.31 | 0.90 | 882.06 | 5.24 | 134.56 | 1,794.59 |
| 31-Mar-23 | 6,103.26 | 13,398.85 | 1,532.97 | 9.11 | 2,415.03 | 14.36 | 1,667.53 | 2,258.36 |
| 31-Jul-23 | 8,010.87 | 5,001.20 | 675.89 | 4.02 | 3,090.93 | 18.38 | 1,409.05 | 2,838.79 |
Objective of ROX Hi-Tech IPO Issue
- Funding for Capital Expenditure:
- Setting up a Network Operations Centre (NOC) & Security Operations Centre (SOC) at Chennai
- Setting up a Chennai Medical Automation Centre
- Setting up a Global Software Delivery Center in Noida
- Funding our working capital requirements
- General Corporate Expenses.
ROX Hi Tech IPO Basic Details
| IPO Date | Nov 7, 2023 to Nov 9, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹80 to ₹83 per share |
| Lot Size | 1600 Shares |
| Issue Size | 6,564,800 shares of ₹10 (aggregating up to ₹54.49 Cr) |
| Fresh Issue | 6,017,600 shares of ₹10 (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 |
| Company Promoters | Jim Rakesh and Sukanya Rakesh |
ROX Hi Tech IPO Reservation
| QIB Shares Offered | 45.96% of the Net Issue |
| NII (HNI) Shares Offered | 15.67% of the Net Issue |
| Retail Shares Offered | 38.37% of the Net Issue |
ROX Hi Tech IPO Timetable
ROX Hi Tech IPO will open on November 7, 2023 and close on November 9, 2023. You can join ROX Hi Tech IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 7 November 2023 (Tuesday) |
| Closing Date | 9 November 2023 (Thursday) |
| Basis of Allotment | 15 November 2023 (Wednesday) |
| Initiation of Refunds | 16 November 2023 (Thursday) |
| Credit of Shares to Demat | 17 November 2023 (Friday) |
| Listing Date | 20 November 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 November 2023 |
ROX Hi-Tech IPO Lot Size
For retail investors in ROX Hi-Tech IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹132,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹132,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| S-HNI (Min) | 2 | 3200 | ₹265,600 |
ROX Hi-Tech IPO Promoter Holding
The company’s promoters include Jim Rakesh and Sukanya Rakesh.
| Pre Issue Share Holding | 83.29% |
| Post Issue Share Holding |
ROX Hi-Tech Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 189.52 |
| Earning Per Share (EPS) | ₹9.11 per Equity Share |
| Net Asset Value (NAV) | ₹14.36 per Equity Share |
| P/E Ratio (P/E) (x) | 9.11 |
| Post P/E Ratio (P/E) (x) | 9.35 |
| Return on Net Worth (RoNW) (%) | 63.48 |
| Return on equity (ROE) (%) | 63.48 |
| Return on Capital Employed (ROCE) (%) | 50.17 |
| Debt/Equity Ratio | 0.94 |
ROX Hi Tech Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| ROX Hi-Tech Limited | Standalone | 10 | 9.11 | 9.35 | 63.48 | 14.36 |
| Peer Group | ||||||
| Dynacons Systems & Solutions Ltd | Standalone | 10 | 27.69 | 11.26 | 31.83 | 82.37 |
ROX Hi Tech IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹85 | – | – |
| 5 November 2023 | ₹75 | – | – |
ROX Hi-Tech IPO Detail Video:
ROX Hi-Tech IPO Subscription Status (Bidding Detail)
The ROX Hi-Tech IPO on November 9, 2023 at 7:00:00 PM was subscribed 214.44 times, with the retail category being subscribed 204.02 times, the NII (Non-Institutional Investor) category being subscribed 366.86 times, QIB (Qualified-Institutional Buyers) category being subscribed 106.25 times.
| Category | Subscription |
| QIB | 106.25x |
| NII | 366.86x |
| Retail | 204.02x |
| Total | 214.44x |
ROX Hi-Tech IPO Prospectus
| ROX Hi-Tech IPO DRHP | Download |
| ROX Hi-Tech IPO RHP | Download |
| ROX Hi-Tech IPO Anchor Investors Details PDF | Download |
ROX Hi-Tech IPO Rating
| Our Rating | 4.0/5.0 |
ROX Hi-Tech Company Contact Information
ROX Hi-Tech Limited
Registered Office: Old No.101B, New No.160, 1st & 3rd Floor Mahalingapuram Main Road, Nungambakkam, Chennai 600034 Tamil Nadu, India
Tel: + 91 44 4206 8316
E-mail: cs@rox.co.in
Website: www.rox.co.in
Contact Person: Mrs. Thenmozhi, Company Secretary and Compliance Officer
Our Promoters: Mr. Jim Rakesh and Mrs. Sukanya Rakesh
ROX Hi-Tech IPO Registrar
Purva Sharegistry (India) Private Limited
Registered Office: 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 Lead Manager
Swaraj Shares and Securities Private Limited
Registered Office: 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 FAQs
What is the lot size of ROX Hi-Tech IPO?
The total size of ROX Hi-Tech IPO is ₹54.49 crores out of which ₹49.95 crores is fresh issue and ₹4.54 crores is offer for sale (OFS).
When will ROX Hi-Tech IPO start?
ROX Hi-Tech IPO will open from 7 November 2023 and IPO will close on 9 November 2023.
What is the open date of ROX Hi-Tech IPO?
ROX Hi-Tech IPO will open date from 7 November 2023.
What is the last date ( close date ) of ROX Hi-Tech IPO?
ROX Hi-Tech IPO will close from 9 November 2023.
What is the price band of ROX Hi-Tech IPO?
ROX Hi-Tech IPO price band is ₹80 to ₹83. ( Upper Price Band: ₹83, Lower Price Band: ₹80 )
What is the minimum amount required to apply for ROX Hi-Tech IPO?
The minimum investment for retailers to apply for ROX Hi-Tech IPO is ₹132,800 and the maximum investment is ₹132,800.
What is going on gray market premium of ROX Hi-Tech IPO?
View gray market premium of ROX Hi-Tech IPO by Clicking Here
How much is the GMP of ROX Hi-Tech IPO?
Watch ROX Hi-Tech IPO GMP Today: Click Here
What is the allotment date of ROX Hi-Tech IPO?
The allotment date of ROX Hi-Tech IPO is 15 November 2023.
How to check allotment status in ROX Hi-Tech IPO?
To check the allotment status of ROX Hi-Tech IPO, first of all go to the registrar website by clicking here, select your bad ROX Hi-Tech IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of ROX Hi-Tech IPO?
The listing date of ROX Hi-Tech IPO is 20 November 2023.
How much will be the listing gain in ROX Hi-Tech IPO?
View listing gain of ROX Hi-Tech IPO by Clicking Here
How much time ROX Hi-Tech IPO is subscribed?
Total 214.44 times subscribed in ROX Hi-Tech IPO out of which 204.02 times subscription was done in retail quota, 366.86 times subscription in NII quota and 106.25 times subscription in QIB quota.
How to apply for ROX Hi-Tech IPO from Upstox?
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How to apply for ROX Hi-Tech PO from Zerodha?
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