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ROX Hi-Tech IPO

ROX Hi-Tech IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    07 Nov 2023

  • Close Date

    09 Nov 2023

  • IPO Price Range

    ₹ 80 to ₹ 83

  • IPO Size

    ₹ 54.49 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    20 Nov 2023

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IPO Timeline

ROX Hi-Tech IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

ROX Hi-Tech Limited IPO is all set to open from 7th November to 9th November 2023. The company is engaged in the business of providing IT solutions. The IPO includes a fresh issue of 6,017,600 shares worth ₹49.95 cr. and an Offer for Sale (OFS) of 547,200 equity shares worth ₹4.54 cr. The total size of this IPO is ₹54.49 cr. The share allotment date is 15th November, and the IPO will be listed on 20th November on the stock exchanges. The price is ₹80 to ₹83 per share and the lot size is 1600 shares.    

Swaraj Shares And Securities Private Limited is the book-running lead manager for this IPO, while  Purva Sharegistry India Private Limited is the registrar. 

Objectives of ROX Hi-Tech IPO

ROX Hi-Tech Limited plans to utilize the raised capital from the IPO to:
●    To fund the set up of a new Network Operations Centre (NOC) & Security Operations Centre (SOC) in Chennai.
●    To set up a Chennai Medical Automation Centre.
●    To set up a Global Software Delivery Center in Noida.
●    For working capital requirements.
●    General corporate purposes.

Established in 2002 and based in Chennai, ROX Hi-Tech Limited is engaged in the business of providing customer-centric IT solutions. The company started its operations as an IBM Business Partner and now is a leading player in the IT industry. 

ROX Hi-Tech offers end-to-end IT solutions which include consultation, enterprise and end-user computing, managed print, and network services. Its offerings are divided into six categories:

1. Digital Transformation Solutions (Software services, AI, RPA & ML) 
2. Network and Collaboration 
3. IT And OT Security 
4. Data center Solutions (On-premises and Cloud) 
5. IoT, SMART and MEDIA 
6. Smart Edge Devices  

Peer Comparison

●    Dynacons Systems & Solutions Limited

For More Information:
Webstory on ROX Hi-Tech IPO
ROX Hi-Tech IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations (interest income) 133.32 102.86 64.07
EBITDA 23.01 4.22 1.07
PAT 15.33 1.51 0.66
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 61.03 38.67 38.88
Share Capital 7.475 7.475 3.25
Total Borrowings 36.88 29.85 31.56
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 3.73 -4.87 3.15
Net cash from / (used in) investing activities -1.40 -0.12 -1.26
Net cash flow from / (used in) financing activities -3.81 3.11 -1.05
Net increase (decrease) in cash and cash equivalents -1.48 -1.88 0.84


Strengths

1.    The company has a Scalable Business Model.
2.    The company provides Agile engineering and delivery services.
3.    It is a preferred partner with SAP, Cisco, IMB, Google and Lenovo and has entered into collaboration agreements for certain domains with them.
4.    It also has a Marque Clientele.
5.    Focus on product development and innovation through R&D. 
6.    Track record of financial performance and consistent growth. 
7.    The company’s Board and Senior Management are experienced. 
 

Risks

1.    Any loss of preference as a preferred partner can impact the business. 
2.    The length of the sales cycle fluctuates significantly.
3.    Opiates in an intensely competitive industry. 
4.    Any failure to adapt to technological developments or industry trends could affect the company.
5.    Significant working capital requirements. 
 

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FAQs

The minimum lot size of ROX Hi-Tech IPO is 1600 shares and the investment required is ₹1,28,000.
 

The price for ROX Hi-Tech IPO is ₹80 to ₹83 per share. 
 

ROX Hi-Tech IPO opens from 7th November to 9th November 2023.
 

The size of ROX Hi-Tech IPO is ₹54.49 cr. 
 

The share allotment date of ROX Hi-Tech IPO is 15th November 2023.
 

The ROX Hi-Tech  IPO will be listed on 20th November 2023.
 

Swaraj Shares And Securities Private Limited is the book-running lead manager for ROX Hi-Tech  IPO.
 

ROX Hi-Tech plans to utilize the raised capital from the IPO to:

1.    To fund the set up of a new Network Operations Centre (NOC) & Security Operations Centre (SOC) in Chennai.
2.    To set up a Chennai Medical Automation Centre.
3.    To set up a Global Software Delivery Center in Noida.
4.    For working capital requirements.
5.    General corporate purposes.
 

To apply for ROX Hi-Tech IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the ROX Hi-Tech IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.