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ROX Hi-Tech Limited: A Customer-Centric IT Solutions Provider Established in 2002, ROX Hi-Tech Limited is a Chennai-based IT solutions provider with a strong focus on customer satisfaction. With over 22 years of experience, the company has transformed from an IBM Business Partner into a significant player in the IT sector. Financial Performance: In FY 23, the company achieved a total revenue from operations of Rs. 13,372.79 Lacs, indicating robust financial growth. IPO Overview: The ROX Hi-Tech Limited IPO is set to open from November 7, 2023, to November 9, 2023, and is categorized as a Book Built Issue. The IPO price ranges from Rs. 80 to Rs. 83 per share, with a total issue size of Rs. 54.49 Crores. Allocation is divided into 45.96% for institutional investors, 38.37% for retail investors, and 15.67% for non-institutional investors.
Company Financials: Total Assets (as of March 2023): Rs. 6,103.26 Lakhs Total Revenue (FY 23): Rs. 13,398.85 Lakhs Profit After Tax (PAT) (FY 23): Rs. 1,532.97 Lakhs
Objective of the Issue: The company plans to utilize the net fresh issue proceeds for capital expenditure, including establishing various centers in Chennai and Noida, meeting working capital needs, and covering general corporate expenses. ROX Hi-Tech Limited offers a scalable business model with a strong financial track record. While the significant profit increase in FY 23 has raised some concerns, the company's niche focus and promising future make it an attractive option for experienced investors after thorough analysis. Complete Information About ROX Hi-Tech IPO.
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