{"id":21868,"date":"2023-11-04T13:09:32","date_gmt":"2023-11-04T07:39:32","guid":{"rendered":"https:\/\/rajasthanexpress.in\/index.php\/2023\/11\/04\/rox-hi-tech-limited-ipo-opens-on-07th-november-2023\/"},"modified":"2023-11-04T13:09:32","modified_gmt":"2023-11-04T07:39:32","slug":"rox-hi-tech-limited-ipo-opens-on-07th-november-2023","status":"publish","type":"post","link":"https:\/\/rajasthanexpress.in\/index.php\/2023\/11\/04\/rox-hi-tech-limited-ipo-opens-on-07th-november-2023\/","title":{"rendered":"ROX Hi-Tech Limited IPO Opens on 07th November, 2023"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], November 4:\u00a0<\/strong>ROX Hi-Tech Limited, a customer-centric IT solutions provider, has announced its plans to go public with an Initial Public Offering on 07th November 2023. The company is aiming to raise \u20b9 54.49Crore on upper band price through this IPO, with shares set to be listed on the NSE EMERGE platform.<\/p>\n

The issue size is Up to\u00a065,64,800\u00a0equity shares at a face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/p>\n

\u25cf\u00a0QIB Anchor Portion \u2013\u00a0Up To\u00a015,76,000\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013 Up To\u00a010,51,200Equity Shares<\/p>\n

\u25cf\u00a0Non-Institutional Investors (NII) \u2013 Up To\u00a08,96,000\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Retail Individual Investors (RII) \u2013 Up To\u00a021,93,600\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Market Maker \u2013\u00a08,48,000\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized\u00a0towards funding capital expenditure, meeting working capital requirements, and\u00a0for general corporate purposes.\u00a0The bidding for the Anchor portion will open on 06th\u00a0November 2023, and the issue closes on 09th\u00a0November 2023.<\/p>\n

The\u00a0Book Running\u00a0Lead Manager to the Issue is\u00a0<\/a>Swaraj Shares\u00a0and\u00a0Securities Private Limited.\u00a0The Registrar to the Issue is\u00a0Purva Sharegistry India Private Limited.<\/p>\n

Mr.\u00a0Jim Rakesh, Managing Director of\u00a0<\/a>ROX Hi-Tech Limited, said,\u00a0\u201cWe are thrilled to embark on this exciting journey by taking ROX Hi-Tech Limited public. This milestone reflects our commitment to delivering exceptional IT solutions and our dedication to innovation. We are confident that this IPO will enable us to further enhance our capabilities and serve our clients with excellence.\u00a0<\/p>\n

The net proceeds from this IPO will be instrumental in funding our capital expenditure\u00a0and\u00a0meeting our working capital requirements. This strategic allocation of funds aligns with our vision for continued growth and innovation, allowing us to maintain our position as a leading IT solutions provider.\u201d<\/p>\n

Ms. Pankita Patel, Director of Swaraj Shares and Securities Private Limited, said, \u201cROX Hi-Tech Limited\u2019s decision to go public signifies a significant moment in their journey. Their commitment to delivering exceptional IT solutions and dedication to innovation have made them a standout player in the industry. \u00a0This IPO not only signifies their confidence in their capabilities but also opens doors to new opportunities and growth. We are honoured to be part of this milestone and are enthusiastic about the promising future that lies ahead for ROX Hi-Tech Limited.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], November 4:\u00a0ROX Hi-Tech Limited, a customer-centric IT solutions provider, has announced its…<\/p>\n","protected":false},"author":1,"featured_media":21869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[634],"class_list":["post-21868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/posts\/21868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/comments?post=21868"}],"version-history":[{"count":0,"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/posts\/21868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/media\/21869"}],"wp:attachment":[{"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/media?parent=21868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/categories?post=21868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rajasthanexpress.in\/index.php\/wp-json\/wp\/v2\/tags?post=21868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}