ROX Hi-Tech Ltd IPO
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ROX Hi-Tech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 65.65 L | ₹ 5.47 L | ₹ 21.94 L | ₹ 140.08 L | NSE | ₹ 54.49 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Nov, 23 | 09 Nov, 23 | 1600 | ₹ 1,28,000 | Book Building - SME | 16 Nov, 23 |
ROX Hi-Tech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2627200 | 0 |
| NII | 0x | 896000 | 0 |
| Retail | 0x | 2193600 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 6564800 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
ROX Hi-Tech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 29.07 | 20.71 | 2.30 |
| EBITDA | 29.76 | 20.94 | 2.52 |
| PAT | 21.24 | 15.40 | 1.51 |
| Total Assets | 132.94 | 50.64 | 29.46 |
| Share Capital | 22.84 | 7.48 | 7.48 |
| Total Borrowings | 47.44 | 18.15 | 9.27 |
| Operating Activities (Net Cash) | 21.93 | 15.63 | 1.73 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 47.44 | 18.15 | 9.27 |
| Net Cashflow | 0.17 | 0.01 | 1.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About ROX Hi-Tech Ltd
Our Company was originally incorporated on March 13, 2002 as a Private Limited Company as ROX Trading and Systems Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Tamil Nadu. Subsequently, the name of our Company changed from OX Trading and Systems Private Limited' to 'ROX Hi-Tech Private Limited' and a fresh Certificate of Incorporation consequent upon change in name dated April 19, 2023, issued by the Assistant Registrar of Companies, Tamil Nadu, Chennai. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an extraordinary general meeting held on April 24, 2023 and consequently the name of our Company was changed to 'ROX Hi-Tech Limited' and a fresh certificate of incorporation dated May 23, 2023 was issued by the Registrar of Companies, Tamil Nadu, Chennai. The corporate identification number of our Company is U51506TN2002PLC048598.
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.4% of India's GDP in FY22, and it is expected to contribute 10% to India's GDP by 2025. As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the internet. India's rankings improved six places to the 40th position in the 2022 edition of the Global Innovation Index (GII).
The Company is a customer-centric IT solutions provider with over 22 years of industry experience, our Company has evolved from an IBM Business Partner into a prominent player in the IT segment. As a system integrator, our Company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. Our offerings consist of: a. Digital Transformation Solutions (Software services, AI, RPA & ML) b. Network and Collaboration c. IT And OT Security d. Data center Solutions (On-premises and Cloud) e. IoT, SMART and MEDIA f. Smart Edge Devices.
Peer Comparison:
- Dynacons Systems & Solutions Ltd
ROX Hi-Tech Ltd IPO Key Points
Strengths
- Experienced Promoter and Technically Sound Operational Team.
- Domain expertise with advance technology.
- Significant product development and innovation.
- Long term relationship with clients and repeated business.
Risk
- The Company has adopted an integrated business model and the commercial success is largely dependent upon its ability to develop innovative specialized solutions suitable to the needs of the customers. The company inability to effectively develop and implement IT solutions would impact its business, thereby impacting of the revenue and profitability.
- The company's success is dependent on its long-term relationship with the Customers. In particular, the company are heavily reliant on its top 10 Customers. The company do not, generally, enter into long term contracts with Customers, which exposes it to risks emanating from the inability to retain its established Customers as the company clients.
- The company has been recognized as preferred partner by some of the leading IT equipment manufacturers for implementation of IT solution using their products. Loss of such preference may adversely affect its business and results of operations.
Strategy
- Expanding and augmenting our product portfolio.
- Centre of Excellence (COE) for Medical Automation.
- Revolutionizing Cancer Treatment: CyberKnife System with LINAC Technology.
- Acquire new clients and deepen key account relationships.
- Increase in Productivity and Efficiency.
- Experienced Promoter and Technically Sound Operational Team.
- Domain expertise with advance technology.
- Significant product development and innovation.
- Long term relationship with clients and repeated business.
How To Apply for ROX Hi-Tech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
