ROX Hi-Tech Limited is an IT solutions provider. The company offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services.
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 3 | Well experienced promotors. No red flags as per the RHP – litigations, tax proceedings, etc. The company has one open criminal proceeding for bouncing of cheque of ~3.5 cr. |
| Company Financials | 4 | Good growth is seen in the company’s top-line and bottom-line performance. |
| Segment Growth Opportunity | 5 | Niche IT play. Favorable headwinds for the future. |
| Asking Valuation (compared with Peers) | 4 | Asking PE is ~9.5, peers are in the range of 3-18. Considering the financials, the asking valuations seem to be reasonable. |
| Lead Manager’s past performance | 4 | Had just one prior listing, which was at the premium of 99%. |
| Consolidated Score | 4.1 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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