The IPO of IT solutions services company ROX Hi Tech has received an overwhelming response. Bets have been placed on the company’s IPO more than 214 times. The price band of ROX Hi Tech IPO is Rs 80-83. The gray market is also bullish on ROX Hi-Tech shares. The company’s shares are trading at a huge premium in the gray market. ROX Hitech shares are at a premium of 120% to the gray market.
Shares of the company Rs. Above 180 can be listed
The price band of ROX Hi Tech IPO is Rs 80-83. According to IPOwatch, the company’s shares traded in the gray market at Rs. 100 are being traded at a premium. If the shares of the company are Rs. If allocated at an upper price band of 83, shares of ROX Hitech are priced at Rs. 183 can be listed. Investors who will be allotted shares of the company in the IPO can get a profit of 120% on the day of listing.
The IPO has been subscribed more than 214 times
The IPO of ROX Hi Tech has been subscribed a total of 214.44 times. The retail quota of the company’s IPO has been subscribed 204.02 times. At the same time, the stake in the Non-Institutional Investors (NII) category has increased by 366.86 times. Whereas, the Qualified Institutional Buyers (QIB) quota received 106.25 times subscription. The IPO of ROX Hi Tech opened for subscription on 7 November 2023 and remained open till 9 November. Shares of the company can be listed on exchanges on Friday, November 17. The total public issue size of the company is Rs. 54.49 crores.