ROX Hi-Tech was incorporated on March 13, 2002, and is a customer-centric IT solutions provider with nearly 22 years of industry experience. The company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services
| Bidding Dates |
|---|
| 07 Nov 2023 - 09 Nov 2023 |
| Subscription |
|---|
| 178.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,800 | 1 | 1 | 1600 | 6.6 M | ₹80 - ₹83 | 71.25 % | ₹525.2 M - ₹544.9 M | RHP DOC |
ROX Hi-Tech IPO SUBSCRIPTION STATUS
09 Nov '23ROX Hi-Tech IPO overall subscription rate was 178.16 times the total available shares
ROX Hi-Tech IPO retail subscription rate was 256.31 times in the retail segment
ROX Hi-Tech IPO non-institutional investor subscription rate was 440.39 times in the non-institutional investor category
ROX Hi-Tech IPO Qualified Institutional Bidder subscription rate was 44.78 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Nov 2023 (Day 3) | 256.31x | 440.39x | 44.78x |
08 Nov 2023 (Day 2) | 105.26x | 53.22x | 3.62x |
07 Nov 2023 (Day 1) | 35.59x | 23.62x | 3.33x |
ROX Hi-Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 4MFY24 | 67.6 | 499.6 | 10.8 | 10.8 |
| FY23 | 153.3 | 1,333.3 | 37.3 | 30.4 |
| FY22 | 15.1 | 1,028.6 | -48.7 | -50.2 |
| FY21 | 6.6 | 640.7 | 31.5 | 20.4 |
ROX Hi-Tech IPO SUBSCRIPTION STATUS DETAILS
ROX Hi-Tech had 6.6 M shares on offer
ROX Hi-Tech IPO offer price was in the range ₹80 - ₹83
ROX Hi-Tech IPO minimum Investment was ₹132800
ROX Hi-Tech IPO issue size was ₹ 525.2 M - ₹ 544.9 M
ROX Hi-Tech had a minimum lot size of 1600 Shares per application
ROX Hi-Tech NUMBER OF SHARES ON OFFER
ROX Hi-Tech IPO IMPORTANT DATES
| Issue Open Date | 07 Nov 2023 |
| Issue close Date | 09 Nov 2023 |
| Allotment Date | 13 Nov 2023 |
| Refund Date | 15 Nov 2023 |
| Demat Account Credit Date | 16 Nov 2023 |
| Listing Date | 16 Nov 2023 |
| Listing on Exchange(s) | NSE |
| ROX Hi-Tech Allotment Status | Exchange |
ROX Hi-Tech IPO subscription opened on 07 Nov 2023, and closed on 09 Nov 2023
IPO allotment for ROX Hi-Tech was finalized on Monday, 13 Nov 2023
IPO listing for ROX Hi-Tech was on NSE on Thursday, 16 Nov 2023
ROX Hi-Tech IPO LISTING GAINS
| Issue Price (adjusted) | 83.0 |
| Listing Open Price | 135.0 |
| Listing Close Price | 141.8 |
| Listing Gain% | 62.6% |
| Current Gain% | -41.7% |
ROX Hi-Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROX Hi-Tech Ltd. | 48.4 | 110.5 | 6.8 | -0.4 | 0.5 | 12.3 | 6.5 | 205.7 | 8.2 | 16.2 | -18.5 | 7.1 | -18.9 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
ROX Hi-Tech INFORMATION ON IPO ISSUE
About ROX Hi-Tech
ROX Hi-Tech was incorporated on March 13, 2002, and is a customer-centric IT solutions provider with nearly 22 years of industry experience. The company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services
Object of the Issue
- Funding for capital expenditure:
- Setting up a Network Operations Centre & Security Operations Centre at Chennai
- Setting up a Chennai Medical Automation Centre
- Setting up a Global Software Delivery Center at Noida
- Funding our working capital requirements and
- General corporate expenses
ROX Hi-Tech - PROMOTERS
| Name |
|---|
| Jim Rakesh |
| Sukanya Rakesh |
ROX Hi-Tech Lead Manager of the Issue
Swaraj Shares and Securities Private Limited
compliance@swarajshares.com
ROX Hi-Tech Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
ROX Hi-Tech Strengths
Scalable business model
The company designs, develops, deploys, and maintains IT solutions for end-user utilities and pre-compiled application stacks, positioning itself as one of the few players in India that offers a full stack of product and solution suites with comprehensive capabilities
Exclusive agreement for certain domains
The company is empanelled as a preferred partner with SAP, Cisco, IBM, Google, and Lenovo, among others, and has entered into collaboration agreements for certain domains with these firms
Financial performance
The company has a track record of financial performance and consistent growth, with its revenue from operations increasing by 29.6% year-on-year in FY23, and its profit before tax showing a substantial growth of 913.12% year-on-year
ROX Hi-Tech Risks
Dependent on limited customers
The company's success hinges on its long-term relationships with customers, yet it is heavily reliant on its top 10 customers and generally does not secure long-term contracts with them
Outstanding litigations
There are outstanding litigations involving the company, its promoters, and directors, which, if determined adversely, may affect the business and financial condition
Intense competition
The company faces intense competition. If it is unable to compete effectively, the results of operations and prospects for the business could be harmed
IPO FAQs
This IPO consists of an offer for sale of up to Rs 4.5 crore, of 547,200 shares. It also consists of a fresh issue of Rs 50.0 crore.
The promoters of the company are Jim Rakesh and Sukanya Rakesh.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 80.0 - 83.0.
The IPO application opens on Nov 07, 2023 and closes on Nov 09, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 132,800.0, the maximum value for this IPO is Rs 132,800.0.
This IPO will be allotted on Nov 13, 2023.
The refund will be credited to your account on Nov 15, 2023.
The allotted shares will be credited to your demat on Nov 16, 2023.
ROX Hi-Tech Ltd.’s shares listed on the stock exchanges on Nov 16, 2023.