Strong Debut: ROX Hi-Tech Limited share price opens at 62.65% premium at ₹135 on NSE SME | Mint
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Business News/ Markets / Ipo/  Strong Debut: ROX Hi-Tech Limited share price opens at 62.65% premium at 135 on NSE SME
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Strong Debut: ROX Hi-Tech Limited share price opens at 62.65% premium at ₹135 on NSE SME

Rox Hi-Tech Limited share price makes stellar debut on NSE SME, listed at ₹135, 62.65% higher than issue price.

ROX Hi-Tech IPO shares list on NSE SME today.Premium
ROX Hi-Tech IPO shares list on NSE SME today.

Rox Hi-Tech Limited IPO listing: Rox Hi-Tech Limited share price made a stellar debut on NSE SME today. On NSE SME, Rox Hi-Tech Limited share price today was listed at 135, which is 62.65% higher than the issue price of 83.

Rox Hi-Tech Limited IPO's price band was set in the range of 80 to 83. Rox Hi-Tech Limited IPO lot size is that the investors can bid for a minimum of 1,600 shares and in multiples thereof.

 ROX Hi-Tech Limited is a customer-focused provider of IT solutions. The company provides managed print services, enterprise and end-user computing, network services, consulting, and a wide range of distributed IT solutions.

Also Read: ROX Hi-Tech Limited IPO allotment finalised: GMP, here's how to check allotment status

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ROX Hi-Tech Limited IPO details

ROX Hi-Tech IPO is a book built issue of 54.49 crore. The issue is a combination of fresh issue of 60.18 lakh shares aggregating to 49.95 crore and offer for sale of 5.47 lakh shares aggregating to 4.54 crore.

The company plans to utilise the fresh issue proceeds for funding capital expenditure, setting up a network operations Centre (NOC), Security Operations Centre (SOC), and Medical Automation Centre at Chennai. It will also utilise funds for setting up a Global Software Delivery Center in Noida. The amount raised will also used for working capital requirements and general corporate expenses.

The ROX Hi-Tech IPO's book running lead manager (BRLM) is Swaraj Shares and Securities Private Limited, and the registrar is Purva Sharegistry India Pvt Ltd. Share India Securities is the market maker for the ROX Hi-Tech IPO.

Also Read: ROX Hi-Tech IPO: From latest GMP to subscription status — here are top 10 things to know

ROX Hi-Tech Limited IPO GMP today

ROX Hi-Tech Limited IPO GMP today or grey market premium is +75. This indicates ROX Hi-Tech Limited share price were trading at a premium of 75 in the grey market on Thursday according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of ROX Hi-Tech Limited share price is 158 apiece, which is 90.36% higher than the IPO price of 83.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Tata Technologies IPO opens on November 22, price band set at 475-500 per share

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 16 Nov 2023, 10:00 AM IST
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