ROX Hi-Tech Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹80 – ₹83

Listed On

16 Nov 2023

Listing Price

₹135 (+62.65%)

Current Price LIVE

₹135 (+62.65%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	1,600	₹1,32,800
Retail (Max)	2	3,200	₹2,65,600
S-HNI (Min)	3	4,800	₹3,98,400
S-HNI (Max)	7	11,200	₹9,29,600
B-HNI (Min)	8	12,800	₹10,62,400

As per financials, ROX Hi-Tech Limited has shown good results, RoNW is 63.48% and P/E is respectively 125.28, 12.36 and 9.35. as per FY22, FY23 and annualised FY24 earnings. So, issue looks fairly priced. But, sudden rise in net profit is big concern. Company is in business of customer-centric IT solutions, which is highly fragmented and competitive segment. So we are giving NEUTRAL rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	10,51,200	8,96,000	21,93,600	41,40,800
Day 1 07-11-23	83,13,600 (7.91)	1,76,72,000 (19.78)	6,21,50,400 (28.63)	8,81,36,000 (21.45)
Day 2 08-11-23	90,19,296 (8.58)	3,91,01,440 (43.64)	18,62,14,704 (84.89)	23,43,27,872 (56.59)
Day 3 09-11-23	11,16,89,600 (106.25)	32,95,53,600 (367.81)	44,75,37,600 (204.02)	88,87,80,800 (214.64)

Fresh Issue

1
Funding for Capital Expenditure ( Rs 22/- Cr )(a) Setting up a Network Operations Centre (NOC) & Security Operations Centre (SOC) at Chennai(b) Setting up a Chennai Medical Automation Centre(c) Setting up a Global Software Delivery Center at NoidaFunding our working capital requirements ( Rs 15/- Cr ) General Corporate Expenses
2
Funding for Capital Expenditure ( Rs 22/- Cr )(a) Setting up a Network Operations Centre (NOC) & Security Operations Centre (SOC) at Chennai(b) Setting up a Chennai Medical Automation Centre(c) Setting up a Global Software Delivery Center at Noida
3
Funding our working capital requirements ( Rs 15/- Cr )
4
General Corporate Expenses
5
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
6
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
7
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
8
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
9
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
10
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

16 Comments

B
Bharat Sharma 15 Nov 2023, 06:51

0/2
N
nilesh bhavsar 14 Nov 2023, 19:20

nil
M
maheshwari prasad 14 Nov 2023, 03:28

1/1
S
satyasankalp 13 Nov 2023, 16:07

allotment kab h
S
satyasankalp 13 Nov 2023, 16:07

no
B
b 13 Nov 2023, 12:50

nahi
V
Vicky Vamrotiya 13 Nov 2023, 09:50

kisi ko refund or debit massage aaya
S
satyasankalp 12 Nov 2023, 13:26

kab h
A
anish kagathara 11 Nov 2023, 16:43

hello
A
anish kagathara 10 Nov 2023, 07:49

alotment kab hai
N
nilesh bhavsar 10 Nov 2023, 01:12

abhi toh bed luck chal raha hain, last six months ho gaya,
S
satyasankalp 10 Nov 2023, 00:47

j
B
Bharat panchal 09 Nov 2023, 14:53

bharo bindas double milega
R
Rakesh Vaja 09 Nov 2023, 13:15

bharva jevo che
V
vijau 09 Nov 2023, 00:11

bolo
K
kishor 04 Nov 2023, 17:51

hello

Period	Total Income	Total Expenses	Profit After Tax (PAT)
31.07.23 FY24	50.01	40.95	6.75
FY23	133.98	113.51	15.32
FY22	102.97	100.89	1.51
FY21	65.47	64.57	0.66

Open Date	Nov 07, 2023
Close Date	Nov 09, 2023
Allotment Date	Nov 15, 2023
Listing Date	Nov 16, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 80 to ₹ 83 Per Equity Share
Issue Size	Total Equity Shares of 65,64,800 with aggregating up to Rs 54.49/- Cr Fresh Issue of Up to 60,17,600 with aggregating up to Rs 49.95/- Cr Offer for sale Up to 5,47,200 with aggregating up to Rs 4.54/- Cr
Retail Min Lot	1 Lot (1,600 Shares - ₹ 1,32,800)
Lead Manager	Securities Private Limited, Swaraj Shares

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
ROX Hi-Tech Limited Current	4.52	12.36	63.5%	134
Dynacons Systems & Solutions Ltd	6.30	17.8	38.9%	804

ROX Hi-Tech Limited

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