Bookbuilding IPO | ₹54 Cr | Listed at NSE SME | Tue, Nov 7, 2023 - Thu, Nov 9, 2023
ROX Hi-Tech IPO is a book build issue of ₹54.49 crores. The issue is a combination of fresh issue of 0.60 crore shares aggregating to ₹49.95 crores and offer for sale of 0.05 crore shares aggregating to ₹4.54 crores.
ROX Hi-Tech IPO bidding started from Nov 7, 2023 and ended on Nov 9, 2023. The allotment for ROX Hi-Tech IPO was finalized on Nov 15, 2023. The shares got listed on NSE SME on Nov 16, 2023.
ROX Hi-Tech IPO price band is set at ₹83 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,65,600.
Swaraj shares & securities Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to ROX Hi-Tech IPO RHP for detailed Information.
IPO Open
Tue, Nov 7, 2023
IPO Close
Thu, Nov 9, 2023
Issue Price
₹83 per share
Market Cap (Pre-IPO)
₹189.52 Cr
| IPO Date | 7 to 9 Nov, 2023 |
| Listed on | Thu, Nov 16, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹83 |
| Issue Price | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,64,800 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 8,48,000 shares Share India Securities Ltd. (agg. up to ₹7 Cr) |
| Fresh Issue (Ex Market Maker) | 51,69,600 shares (agg. up to ₹43 Cr) |
| Offer for Sale | 5,47,200 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 57,16,800 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,68,18,750 shares |
| Share Holding Post Issue | 2,28,36,350 shares |
| NSE Symbol | ROXHITECH |
| ISIN | INE0PDJ01013 |
ROX Hi-Tech IPO comprises a total issue size of 65,64,800 shares. The net offer to the public is 57,16,800 shares, after excluding 8,48,000 shares allotted on a firm basis. Of the Net offer 26,27,200 (45.96%) are allocated to QIB, 8,96,000 (15.67%) allocated to NII 21,93,600 (38.37%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,27,200 | 45.96% | 40.02% |
| − Anchor Investor Shares Offered | 15,76,000 | 24.01% | |
| − QIB (Ex. Anchor) Shares Offered | 10,51,200 | 16.01% | |
| NII (HNI) Shares Offered | 8,96,000 | 15.67% | 13.65% |
| Retail Shares Offered | 21,93,600 | 38.37% | 33.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 8,48,000 | 12.92% | |
| Total Shares Offered | 65,64,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,32,800 |
| Retail (Max) | 1 | 1,600 | ₹1,32,800 |
| HNI (Min) | 2 | 3,200 | ₹2,65,600 |
ROX Hi-Tech IPO raises ₹13.08 crore from anchor investors. ROX Hi-Tech IPO Anchor bid date is November 6, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 6, 2023 |
| Shares Offered | 15,76,000 |
| Anchor Portion (₹ Cr.) | 13.08 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 15, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 13, 2024 |
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:
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.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.11 | 61.03 | 38.67 | 38.88 |
| Total Income | 50.01 | 133.99 | 102.97 | 65.48 |
| Profit After Tax | 6.76 | 15.33 | 1.51 | 0.66 |
| NET Worth | 30.91 | 24.15 | 8.82 | 7.31 |
| Reserves and Surplus | 14.09 | 16.68 | 1.35 | 4.06 |
| Total Borrowing | 28.39 | 22.58 | 17.95 | 11.35 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding for Capital Expenditure | 22.01 |
| 2 | Funding our working capital requirements | 15.00 |
| 3 | General Corporate Expenses | 10.40 |
| KPI | |
|---|---|
| ROE | 63.48% |
| ROCE | 50.17% |
| Debt/Equity | 0.94 |
| RoNW | 63.48% |
| PAT Margin | 11.50% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.11 | |
| P/E (x) | 9.11 | 9.35 |
| Promoter Holding | 83.29% | |
| Market Cap | ₹189.52 Cr. |
The ROX Hi-Tech IPO is subscribed 214.44 times on November 9, 2023 7:29:00 PM (Day 3). The public issue subscribed 204.02 times in the retail category, 106.25 times in the QIB category, and 366.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 106.25 | 10,51,200 | 11,16,89,600 |
| NII* | 366.86 | 8,96,000 | 32,87,05,600 |
| Retail | 204.02 | 21,93,600 | 44,75,37,600 |
| Total | 214.44 | 41,40,800 | 88,79,32,800 |
Total Application : 2,79,711
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 0.35 |
| 2 | Fees Payable to Advisor to the Offer and Consultants | 0.56 |
| 3 | Fees Payable to Registrar to the Offer | 0.18 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 1.37 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.15 |
| 6 | Fees payable to Peer Review Auditor | 0.07 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.08 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹135.00 |
| Low | ₹135.00 |
| High | ₹141.75 |
| Last Trade | ₹141.75 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
ROX Hi-Tech IPO is a SME IPO of 65,64,800 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Nov 7, 2023, and closes on Thu, Nov 9, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in ROX Hi-Tech IPO using UPI as a payment gateway. Zerodha customers can apply in ROX Hi-Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ROX Hi-Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ROX Hi-Tech IPO opens on Tue, Nov 7, 2023 and closes on Thu, Nov 9, 2023.
ROX Hi-Tech IPO lot size is 1600, and the minimum amount required for application is ₹1,32,800.
You can apply in ROX Hi-Tech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for ROX Hi-Tech IPO will be done on Wednesday, November 15, 2023, and the allotted shares will be credited to your demat account by Thu, Nov 16, 2023. Check the ROX Hi-Tech IPO allotment status.
The ROX Hi-Tech IPO listing date is on Thu, Nov 16, 2023.
