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The IPO of ROX Hi-Tech IPO is opening from today i.e. 7th November. The appearance of the company in the gray market has given investors hope of huge profits. Rocks Hi Tech’s IPO size is Rs. 54.49 crores. The company will issue 60.18 lakh shares through fresh issue. At the same time, under Offer for Sale, it is Rs. 4.54 crore will issue 5.47 crore shares.
Before the opening of the IPO, the company raised Rs. 250 crore raised, the company dominates the gray market.
ROX Hi-Tech IPO Price Band
Rocks High Tech IPO will be open from November 7 to November 9. Allotment of IPO shares of the company is possible on 15 November 2023. At the same time, the listing may take place on November 20. Let us tell you that the IPO price band of this SME company has been fixed at 80 to 83 rupees per share. Any retail investor can bet on a maximum of one lot.
Defense stocks are roaring, experts say buy them, prices will go up to Rs 3000
1600 shares have been placed in one lot of Rocks Hitech IPO. Due to which any investor has to bet at least 1,32,800 rupees.
A Storm in the Gray Market (ROX Hi-Tech IPO GMP)
Rocks Hi Tech IPO is available today at a premium of Rs 85, according to a top stock broker report. If this trend continues till the listing, the company will earn more than double the investors’ money on the first day itself. Recently, no company’s GMP has crossed 100% before opening an IPO.