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ROX Hi Tech Limited IPO Review & Recommendations

 

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ROX Hi Tech Limited IPO

November 07, 2023 - November 09, 2023 Closed

ROX Hi-Tech Limited IPO Review

ROX, based in Chennai, India, is a customer-focused IT solutions provider that aims for excellence. With more than 22 years in the industry, the company has grown from being an IBM Business Partner to becoming a significant player in the IT field.

They provide a complete set of IT solutions, covering everything from advice and support to managing printing and network services. Basically, they're your one-stop shop for all things IT. They help their clients tackle challenges in their work by providing ROX's Enterprise Computing Solutions. As an IBM partner, they bring the power of the latest cloud technologies, allowing for analytics, Artificial Intelligence (AI), and Modern High-Performance Computing (HPC). Their goal is to deliver top-notch Data Centre solutions through authorized partnerships with Lenovo, Google Cloud, and CISCO.

ROX Hi-Tech Limited Products and Services

Rox Hi-tech Limited Products and services are Digital Transformation Solutions (Software services, AI, RPA & ML), Network and Collaboration, IT And OT Security, Data center Solutions (On-premises and Cloud), IoT, SMART and MEDIA, Smart Edge Devices. Their advanced network transforms data into smart solutions, enhancing accessibility and user experiences. It acts like both a sensor and a protector, spotting threats early on. With a complete view and strong automation, their network is always learning, growing, and keeping things secure.

They give their clients a great network experience using ROX's Active and Passive Networking solutions. As partners in solutions, they make sure to smoothly put things into action and provide advice, making sure their clients reach their business goals. Their offerings help clients improve their connections, productivity, and security throughout their operations. Their Competitive Strengths are Experienced Promoter and Qualified Senior Management Team, Scalable Business Model, Agile engineering and delivery, Exclusive Agreement for certain domains, Marque Clientele, Track record of financial performance and consistent growth. 

Financial Overview

The company focuses on customer-centric IT solutions and has shown increased revenue in recent times. However, a significant jump in profits starting from FY23 has raised some concerns. Given its specialized position as a trusted partner with well-known brands and the likelihood of increased equity post-IPO leading to early adoption, investors might consider investing for the potential medium to long-term gains.

Frequently Asked Question

The face value of ROX Hi Tech Limited IPO is ₹10 per share.
Closing date of ROX Hi Tech Limited IPO is November 09, 2023.
ROX Hi Tech Limited IPO Shares will get listed at NSE SME.
Minimum and maximum order quantity is 1 lot only.
ROX Hi Tech Limited IPO shares will get listed on November 20, 2023.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
The meaning of "ROX Hi Tech Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of ROX Hi Tech Limited IPO on the current day.
Pre-issue shareholding of the ROX Hi Tech Limited IPO promoter is 83.29%.
ROX Hi Tech Limited IPO share price ₹54.49 per share.
Post-issue shareholding of the ROX Hi Tech Limited IPO promoter is [.]%.
You will receive on ROX Hi Tech Limited IPO shares in your Demat account on November 15, 2023, if allotted.
If you do not get the allotment of on ROX Hi Tech Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Lot size of the ROX Hi Tech Limited IPO is 1600 shares.
Opening date of ROX Hi Tech Limited IPO is November 07, 2023.
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