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News Details

02/11/2023 13:30

ROX Hi-Tech announces launch of initial public offering

ROX Hi-Tech Ltd. has announced public offering of 6564800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 73.00 per share. The gross proceeds of the issue are expected to be Rs 5,448.78 lakhs.

The company's initial public offer (IPO) will open on 07 November 2023 and is expected to close on 09 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-83.00 per share.

The IPO includes a fresh Issue of 6564800 Equity Shares of the Company at an price of Rs 83.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

ROX Hi-Tech Ltd. anticipates using the proceeds of the issue for .

Swaraj Shares and Securities Pvt. Ltd. as lead manager & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue.