Rox Hi-Tech IPO
Rox Hi-Tech Limited
₹1,28,000 /1600 sharesMinimum Investment
Rox Hi-Tech IPO Listing Details
| Listed On | Issue Price |
|---|---|
| NSE | ₹83.00 |
Rox Hi-Tech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 7 Nov ‘23 - 9 Nov ‘23 | ₹1,28,000 | 1,600 | ₹80 - ₹83 |
| Issue Size | IPO Doc |
|---|---|
| 54.49Cr | RHP PDF |
About Rox Hi-Tech
ROX Hi-Tech, based in Chennai, India, is an IT solutions provider. With over two decades of industry experience, ROX Hi-Tech provides a wide range of distributed IT solutions, such as consulting, enterprise and end-user computing, managed print, and network services.
ROX Hi-Tech’s offerings include the following:
Digital Transformation Solutions (software services, AI, RPA, and ML)
Network and Collaboration
IT and OT Security
Data Center Solutions (on-premises and cloud)
IoT, SMART, and MEDIA
Smart Edge Devices
;
Parent Organisation
Rox Hi-Tech Limited
Founded
2002
Managing Director
Mr. Jim Rakesh
Strengths & Risks
- Rox Hi-Tech provides IT solutions for end-user utilities and pre-compiled application stacks. Their knowledge of system design and architecture has led to the development of customized solutions.
- They are one of the few providers offering a comprehensive product and solution suite, covering the entire spectrum of designing, developing, implementing, and integrating high-performance computing solutions.
- Their business model is technology-driven, with a strong focus on assembling skilled teams for creative software solutions, efficient marketing, technology upgrades, customer acquisition, budgeting, and achieving economies of scale.
- Their engineers use a wide array of technologies, including web technologies, cloud computing, data management, mobile solutions, testing, hardware, integration, APIs, IoT, AI/ML, analytics, and DevOps. These tools provide them with a flexible approach for managing large software projects.
- Rox Hi-Tech is a partner with industry giants like SAP, Cisco, IBM, Google, and Lenovo, collaborating in specific domains. This preferred partnership gives them a competitive edge, making it easier to secure projects over their competitors.
- They have worked with companies such as Micron, Vestas, BHEL, CAMS, Murugappa Group, VIT, Nippon Paints, Wabtec, Rikun, Loyola, and Trivitron.
- Their revenue from operations has seen growth, increasing from Rs. 10,286.22 lakhs in 2022 to Rs. 13,332.79 lakhs in 2023, representing a growth rate of 29.62%.
- Rox Hi-Tech follows an integrated business model, and its success relies on creating custom solutions for its customers. Failing to develop and implement IT solutions effectively would harm the company's earnings and overall profitability.
- The company's prosperity hinges on its long-term relationships, particularly with its top 10 customers. The company generally avoids long-term contracts, leaving it vulnerable to the risk of losing established clients.
- Legal disputes involving the company, its promoters, and directors could negatively impact the company's business and financial well-being if they are determined unfavorably.
- The company's business depends on its contractual agreements with clients. Many of these contracts can be terminated with or without cause, and without incurring penalties.
- During project execution, Rox Hi-Tech handles highly sensitive information that must be kept confidential. Failing to maintain the secrecy of projects can adversely affect the company's financial condition and operational results.
- The company faces contingent liabilities that could negatively affect its financial health and profitability if they materialize. As of July 31, 2023, these contingent liabilities and commitments, as disclosed in the notes to the Restated Financial Information, amount to Rs. 359.39 Lakhs.
- As of July 31, 2023, the company's total indebtedness is Rs. 2,838.79 Lakhs.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application details
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹80 - 83 | ₹2 Lakh |
| High Networth Individual | ₹80 - 83 | ₹2 - 5 Lakh |
For Rox Hi-Tech IPO, eligible investors can apply as Regular.
MOST POPULAR ON GROWWVERSION - 4.5.1
STOCK MARKET INDICES: S&P BSE SENSEX | S&P BSE 100 | NIFTY 100 | NIFTY 50 | NIFTY MIDCAP 100 | NIFTY BANK | NIFTY NEXT 50
POPULAR MUTUAL FUNDS: QUANT SMALL CAP FUND | ICICI PRUDENTIAL COMMODITIES FUND | NIPPON INDIA SMALL CAP FUND | PARAG PARIKH FLEXI CAP FUND | QUANT TAX PLAN | SBI SMALL MIDCAP FUND | TATA DIGITAL INDIA FUND | AXIS SMALL CAP FUND | ICICI PRUDENTIAL TECHNOLOGY FUND | HDFC INDEX FUND SENSEX PLAN | HDFC SMALL CAP FUND | AXIS EQUITY FUND | CANARA ROBECO SMALL CAP FUND | TATA SMALL CAP FUND | UTI NIFTY FUND
MUTUAL FUNDS COMPANIES: GROWWMF | SBI | AXIS | HDFC | UTI | NIPPON INDIA | ICICI PRUDENTIAL | TATA | KOTAK MAHINDRA | DSP | CANARA ROBECO | SUNDARAM | MIRAE ASSET | BANDHAN | FRANKLIN TEMPLETON | PPFAS | MOTILAL OSWAL | INVESCO | EDELWEISS | ADITYA BIRLA SUN LIFE | LIC | HSBC | NAVI | QUANTUM | UNION | IDBI | ITI | MAHINDRA MANULIFE | 360 ONE | BOI | TAURUS | JM FINANCIAL | PGIM | SHRIRAM | BARODA BNP PARIBAS | QUANT | WHITEOAK CAPITAL | TRUST | SAMCO | NJ | BAJAJ