A cheap IPO listed at Rs 135, investors get 62% profit on the first day- CMB College

A cheap IPO listed at Rs 135, investors get 62% profit on the first day

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Rox Hi-Tech Limited IPO has made a strong entry in the stock market. The company is listed on NSE SME at Rs. 135 has been listed. Investors have gained 62.65 percent on each share. Let us tell you that the price band of Rox Hi-Tech Limited IPO was fixed at Rs 80-83. Shortly after, the company’s shares took a circuit above 5 percent. After which the share price of the company reached the level of 141.75 rupees.

Tata Technologies IPO price band announced, 47 percent cheaper than market

About 300 times subscription

The IPO was subscribed more than 292 times during the 3-day subscription period. On the third day i.e. on November 9, Rox Hi-Tech Limited IPO received an overall subscription of 214.44 times. On this day, 366.86 times subscription was received in the category of non-institutional buyers.

The company announced bonus shares for the third consecutive year, the share price at Rs. is less than 100

What was the size of the lot?

The lot size of shares of Rox Hi-Tech Limited IPO was 1600 shares. Due to which any investor needs at least Rs. 1,32,800 had to be bet. The company through Anchor Investors raised Rs. 13.12 crore was collected. Let us tell you that this IPO was open from 7 November to 9 November 2023.

The company has issued 60.18 lakh new shares through IPO. At the same time, 5.47 lakh shares have been issued through offer for sale. Let us tell you that before the IPO, the share of promoters in the company was 83.29 percent. The promoters of the company are Jim Rakesh and Sukanya Rakesh.

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