ROX Hi-Tech SME IPO GMP Soars to 102.41% Ahead of Subscription Date

Mumbai, India – The Grey Market Premium (GMP) for the highly anticipated ROX Hi-Tech SME IPO has surged to an impressive 102.41%, indicating a substantial investor interest ahead of its listing. The GMP, which stood at ₹85 as of November 6, 2023, 04:31 PM, showcases the substantial demand for the IPO.

Also See: Current ROX Hi-Tech IPO GMP Today

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With a price band of ₹80 to ₹83 per share, the estimated listing price for ROX Hi-Tech SME IPO is projected to be ₹168, which includes the price band’s upper cap price and the latest GMP. Investors are anticipating a remarkable percentage gain of 102.41% per share once the IPO is listed.

ROX Hi-Tech SME IPO, scheduled to open for subscription on November 7, 2023, and close on November 9, 2023, has garnered significant attention from investors in the run-up to its listing. The Basis of Allotment is set for November 15, 2023, with the listing date slated for November 20, 2023.

Also Read: SAR Televenture SME IPO GMP Hits 100% Premium Ahead of Listing

The Grey Market Premium (GMP) is an unofficial and unregulated market where IPO shares are traded prior to their official listing, offering insights into the market’s sentiment towards the IPO. A positive GMP premium suggests that the IPO is likely to yield profits upon listing, while a negative GMP indicates a potential discount.

It is essential to note that IPO GMP can be highly volatile, making investment decisions based solely on this premium a risky endeavor. Prospective investors are advised to consider all factors and conduct thorough research before deciding whether to invest in the ROX Hi-Tech SME IPO.

ROX Hi-Tech Limited’s SME IPO, listed on NSE Emerge, boasts a total size of Rs 54.49 Crores, with Rs 49.95 Crores attributed to the Fresh issue and Rs 4.54 Crores from the Offer for Sale (OFS) segment. The IPO subscription period is from November 7 to November 9, 2023, with a minimum application requirement of one lot size, equivalent to 1600 shares, or its multiples, within the price band of Rs 80 to Rs 83 per share.

About ROX Hi-Tech Limited:

Established in March 2002, ROX Hi-Tech Limited is headquartered in Chennai, India, and is a customer-centric IT solutions provider committed to excellence. With over 22 years of industry experience, the company has evolved from an IBM business partner to a major player in the IT segment. As one of the leading systems integrators, the company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed printing, and network services. They are one of the leading providers of end-to-end IT solutions in India, offering services in digital transformation solutions, network and collaboration, IT and OT security, data center solutions (on-premises and cloud), IoT, SMART, and MEDIA, and smart edge devices.

The strengths of the ROX Hi-Tech SME IPO include an experienced promoter and a qualified senior management team, a scalable business model, agile engineering and delivery, exclusive agreements for certain domains, and a marquee clientele.

As the IPO subscription period approaches, the market eagerly awaits the listing of ROX Hi-Tech SME IPO, with high expectations for strong investor interest and significant gains.

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