ROX Hi-Tech Limited IPO : All You Need To Know

ROX Hi-Tech Limited IPO is set to launch on 7 November, 2023. The company initiated its business operations in the year 2002. The company is an IT service provider. The product portfolio of services include Network and Collaboration, Digital transformation solutions, IT and OT Security, IOT, Media 6 and Smart. Smart Edge Devices, Datacenter Solutions etc. It also offers networking, consulting, enterprise and end user computing services.

ROX Hi-Tech Limited IPO DETAILS

ROX Hi-Tech Limited IPO is set to launch on 7 November, 2023. The subscription timeline extends till 9 November, 2023. The size for the IPO is 54.49 Crore Rs. Shares issued through fresh issue mode are worth 49.95 Crore Rs. Shares issued through offer for sale mode are worth Rs 4.54 Crore. The lot size is 1600 shares and the price is 80 Rs to 83 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Purva Sharegistry India Private Limited.

Tabular Description of ROX Hi-Tech Limited IPO 

ROX Hi-Tech Limited IPO : IMPORTANT DATES

ROX Hi-Tech Limited IPO begins for subscription from 7 November, 2023. The IPO subscription would continue till 9 November, 2023. The allotment status for the shareholders who applied would come on 15 November, 2023. The refunds for the ones who did not get allotment would be initiated on 16 November, 2023. The DEMAT accounts of shareholders would be credited on 17 November, 2023. The listing of the company would be completed on 20 November, 2023.

ROX Hi-Tech Limited IPO : Lead Managers

The lead managers are :

• Swaraj Shares and Securities Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 132800 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 132800 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• IPO money will also be used for Setting up of new network centre, global software delivery centre and Chennai medical automation centre

COMPANY FINANCIALS

ROX Hi-Tech Limited IPO had an asset base of 3887 Lakh Rs in the year 2021. The asset base of the company decreased slightly to 3866 Lakh Rs in the year 2022. The assets of the company were 6103 Lakh Rs in the year 2023. The revenue of the firm was 6547 Lakh Rs in the year 2021. This jumped to 10297 Lakh Rs in the year 2022 and 13398 Lakh Rs in the year 2023. The profit of the firm was 66 Lakh Rs in the year 2021. This increased to 151 Lakh Rs in the year 2022. The profit for the year 2023 was 1532 Lakh Rs. This means an almost 10 times increase in the profit of the company. The company has been growing at a great pace in the last 3 years.

PROS

• The product portfolio of services include Network and Collaboration, Digital transformation solutions, IT and OT Security, IOT, Media 6 and Smart. Smart Edge Devices, Datacenter Solutions etc. 
• It also offers networking, consulting, enterprise and end user computing services.

CONS

• The company works in a highly competitive segment.

ROX Hi-Tech Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the ROX Hi-Tech Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.