ROX Hi-Tech IPO GMP

ROX Hi-Tech Limited is all set to make its debut on the stock exchange with an SME IPO at NSE Emerge. With a total size of Rs 54.49 Crores, this IPO consists of both a Fresh issue worth Rs 49.95 Crores and an Offer for Sale (OFS) issue worth Rs 4.54 Crores. The IPO opens for subscription from November 7 to November 9, 2023, offering shares with a face value of Rs 10 each. To apply for this SME IPO, you need to purchase at least one lot size, which comprises a minimum of 1600 shares or its multiples, at a price band ranging from Rs 80 to Rs 83 per share.

In this blog, we will delve into the Grey Market Premium (GMP) for the ROX Hi-Tech IPO, highlighting the recent trends and providing a comprehensive understanding of the company and its IPO.

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Also Read: ROX Hi-Tech Ltd. (RHL) IPO Review: Apply or Not?

ROX Hi-Tech IPO GMP

Here is a table detailing the GMP for the ROX Hi-Tech IPO as of November 16, 2023; 09:44-

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
16-11-2023₹83.00₹75 91200₹158 (90.36%)
15-11-2023₹83.00₹75 91200₹158 (90.36%)
14-11-2023₹83.00₹80 97300₹163 (96.39%)
13-11-2023₹83.00₹80 97300₹163 (96.39%)
12-11-2023₹83.00₹100 121600₹183 (120.48%)
11-11-2023₹83.00₹100 121600₹183 (120.48%)
10-11-2023₹83.00₹100 121600₹183 (120.48%)
09-11-2023₹83.00₹100 121600₹183 (120.48%)
08-11-2023₹83.00₹90 109400₹173 (108.43%)
07-11-2023₹83.00₹85 103400₹168 (102.41%)
06-11-2023₹83.00₹85 103400₹168 (102.41%)
05-11-2023₹83.00₹75 91200₹158 (90.36%)
04-11-2023₹83.00₹65 79000₹148 (78.31%)
03-11-2023₹83.00₹65 79000₹148 (78.31%)
02-11-2023₹83.00₹5162000₹134 (61.45%)
01-11-2023₹83.00₹3036500₹113 (36.14%)

Grey Market Premium (GMP) is an unofficial and unregulated market where shares of an IPO are traded before their official listing. The GMP reflects the anticipated price movement of an IPO on the listing day. A positive GMP suggests that the IPO may list at a profit, while a negative GMP indicates a potential listing at a discount.

About ROX Hi-Tech

ROX Hi-Tech Limited, established in March 2002 and headquartered in Chennai, India, is a customer-centric IT solutions provider dedicated to excellence. With over 22 years of industry experience, the company has evolved from an IBM business partner into a major player in the IT sector. As a leading systems integrator, ROX Hi-Tech offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed printing, and network services. They are renowned as one of the leading providers of end-to-end IT solutions in India. Their offerings encompass:

  1. Digital Transformation Solutions (Software services, AI, RPA & ML)
  2. Network and Collaboration
  3. IT And OT Security
  4. Data Center Solutions (On-premises and Cloud)
  5. IoT, SMART, and MEDIA
  6. Smart Edge Devices

ROX Hi-Tech SME IPO Strengths

  1. Experienced Promoter and Qualified Senior Management Team
  2. Scalable Business Model
  3. Agile Engineering and Delivery
  4. Exclusive Agreements for Certain Domains
  5. Marque Clientele

ROX Hi-Tech Company Details:

  • Incorporation: 2002
  • Sector: IT Solutions
  • IPO Issue Size: ₹54.49 Crores
  • Website: ROX Hi-Tech

ROX Hi-Tech SME IPO Dates

Here are the key dates for the ROX Hi-Tech SME IPO:

  • SME IPO Open Date: 07-11-2023
  • SME IPO Close Date: 09-11-2023
  • Basis of Allotment Finalization Date: 15-11-2023
  • Refunds Initiation: 16-11-2023
  • Credit of Shares to Demat Account: 17-11-2023
  • SME IPO Listing Date: 20-11-2023

Conclusion

The ROX Hi-Tech IPO is generating significant interest in the grey market with a positive GMP, suggesting a potential listing at a premium. However, it’s important to note that GMP can be highly volatile, and it should not be the sole basis for investment decisions. Before investing in the ROX Hi-Tech SME IPO, consider all relevant factors, conduct due diligence, and make an informed investment decision. Additionally, understanding the company’s strengths and offerings can help investors assess the long-term potential of this IPO.

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