ROX Hi-Tech IPO will open for subscription from 07 November 2023. The company aims for an issue size of ₹54.49 Cr through this IPO.
Company Overview
| Full name | ROX Hi-Tech Limited |
| Sector | Information Technology |
| Industry | IT – Networking |
| Company Website | https://www.rox.co.in/ |
About Company
Incorporated in 2002, ROX Hi-Tech, headquartered in Chennai, India, is a customer-centric IT solutions provider committed to excellence. With over 22 years of industry experience, the company has evolved from an IBM business partner into a prominent player in the IT segment. As a system integrator, the company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. ROX is one of India’s leading end-to-end IT solution providers.
ROX Hi-Tech’s revenue from operations has increased from INR 102.86 crore in FY 2022 to INR 133.33 crore in FY 2023, thereby recording a growth of 29.62%. Also, during the same period, its profit before tax increased from INR 1.51 crore in FY 2022 to INR 15.33 crore in FY 2023, registering a growth of 913.12%. Its EBITDA, increased from INR 4.26 crore in FY 2022 to INR 23.68 crore in FY 2023 registering a growth of 456.26%.
ROX offerings comprise of:
- 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
- Smart Edge Devices
The Objectives of the Issue
- Funding for Capital Expenditure:
- i. Setting up a Network Operations Centre (NOC) & Security Operations Centre (SOC) at Chennai;
- ii. Setting up a Chennai Medical Automation Centre; and
- iii. Setting up a Global Software Delivery Center in Noida.
- 2. Funding our working capital requirements, and
- 3. General Corporate Expenses.
ROX Hi-Tech IPO Timetable
| IPO Opening date | 07 November 2023 |
| IPO Closing | 09 November 2023 |
| Basis of Allotment | 15 November 2023 |
| Initiation Refund | 16 November 2023 |
| Credit to Demat Account | 17 November 2023 |
| Listing Date | 20 November 2023 |
ROX Hi-Tech IPO details
| Issue type | Book built Issue IPO |
| IPO issue size | ₹54.49 Cr – 6,564,800 shares |
| Fresh Issue | ₹49.95 Cr – 6,017,600 shares |
| Offer for sale | ₹4.54 Cr – 547,200 shares |
| Face value | ₹10 per share |
| Price Band | ₹80 to ₹83 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 848,000 shares |
| Shareholding pre-issue | 16,818,750 |
| Shareholding post-issue | 22,836,350 |
| Listing Exchange | NSE SME |
ROX Hi-Tech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| HNI (Min) | 2 | 3,200 | ₹265,600 |
ROX Hi-Tech IPO Reservation Details
| QIB Shares Offered | 45.96% |
| NII (HNI) Shares Offered | 38.37% |
| Retail Shares Offered | 15.67% |
ROX Hi-Tech Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 4M FY 2024 | |
| Revenue | 64.07 | 102.86 | 133.33 | 49.96 |
| Expenses | 64.58 | 100.89 | 113.51 | 40.95 |
| Net income | 0.66 | 1.51 | 15.33 | 6.76 |
ROX Hi-Tech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.39 | 0.90 | 9.11 |
| PE ratio | – | – | 8.78 – 9.11 |
| RONW (%) | 9.05 | 17.15 | 63.48 |
| NAV | 4.34 | 5.24 | 14.36 |
| ROCE (%) | 31.90 | 45.82 | 97.08 |
| EBITDA (%) | (11.90) | 4.03 | 17.21 |
| Debt/Equity | 1.55 | 2.03 | 0.93 |
Company Promoters
- Jim Rakesh
- Sukanya Rakesh
Promoter Holding
| Pre Issue Share Holding | 83.29% |
| Post Issue Share Holding | – |
ROX Hi-Tech IPO Lead Manager(s)
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email: compliance@swarajshares.com
Website: www.swarajshares.com
ROX Hi-Tech IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 2301 8261
Email: support@purvashare.com
Website: www.purvashare.com
ROX Hi-Tech Contact Details
ROX HI-TECH LIMITED
Old No.101B, New No.160, 1st & 3rd Floor Mahalingapuram Main Road,
Nungambakkam, Chennai 600034 Tamil Nadu
Phone: 91 44 4206 8316
E-mail: cs@rox.co.in
Website: www.rox.co.in
ROX Hi-Tech IPO Allotment Status
ROX Hi-Tech IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.
Final thoughts
ROX Hi-Tech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
