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Rockingdeals Circular Economy IPO is a book built issue of Rs 21.00 crores. The issue is entirely a fresh issue of 15 lakh shares.
Rockingdeals Circular Economy IPO bidding started from November 22, 2023 and ended on November 24, 2023. The allotment for Rockingdeals Circular Economy IPO was finalized on Tuesday, November 28, 2023. The shares got listed on NSE SME on November 30, 2023.
Rockingdeals Circular Economy IPO price band is set at ₹136 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Rockingdeals Circular Economy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rockingdeals Circular Economy IPO is Ss Corporate Securities.
Refer to Rockingdeals Circular Economy IPO RHP for detailed information.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | November 30, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹136 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,500,000 shares (aggregating up to ₹21.00 Cr) |
| Fresh Issue | 1,500,000 shares (aggregating up to ₹21.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,159,000 |
| Share holding post issue | 5,659,000 |
| Market Maker portion | 85,000 shares Ss Corporate Securities |
Rockingdeals Circular Economy IPO offers 1,500,000 shares. 280,000 (18.67%) to QIB, 215,000 (14.33%) to NII, 500,000 (33.33%) to RII and 420,000 (28.00%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 420,000 (28.00%) |
| Market Maker Shares Offered | 85,000 (5.67%) |
| QIB Shares Offered | 280,000 (18.67%) |
| NII (HNI) Shares Offered | 215,000 (14.33%) |
| Retail Shares Offered | 500,000 (33.33%) |
| Total Shares Offered | 1,500,000 (100%) |
Rockingdeals Circular Economy IPO raises Rs 5.88 crore from anchor investors. Rockingdeals Circular Economy IPO Anchor bid date is November 21, 2023. Rockingdeals Circular Economy IPO Anchor Investors list
| Bid Date | November 21, 2023 |
| Shares Offered | 420,000 |
| Anchor Portion Size (In Cr.) | 5.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 28, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 26, 2024 |
Rockingdeals Circular Economy IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Tuesday, November 28, 2023 |
| Initiation of Refunds | Wednesday, November 29, 2023 |
| Credit of Shares to Demat | Wednesday, November 29, 2023 |
| Listing Date | Thursday, November 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Aman Preet, Mrs. Kulbir Chopra and Mrs. Avneet Chopra.
| Share Holding Pre Issue | 88.45% |
| Share Holding Post Issue | 65.00% |
Incorporated in 2005, Rockingdeals specializes in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products.
The company offers a variety of services that enable other companies to easily dispose of their excess inventory, freeing up valuable space and resources. The process is designed to be seamless and transparent, benefiting both the seller and the buyer. This results in a win-win situation for all parties involved.
Rocking Deals has over 18 categories of Stock Keeping Units (SKU), which include electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparels & footwear (Zara, Nike, Campus, etc.), speakers (Boat, JBL, Gizmore), mobiles and mobile accessories (Lenovo, Boat, Gizmore, etc.), and various other products. These products are obtained from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, companies like GO Auto, Salora International, Zazz Technology Connect Private Limited, and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.
Rocking Deals Circular Economy Limited's revenue decreased by -1.01% and profit after tax (PAT) rose by 974.19% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,437.45 | 1,226.60 | 1,397.27 | 1,863.09 |
| Revenue | 958.15 | 1,517.53 | 1,533.08 | 1,069.62 |
| Profit After Tax | 125.15 | 154.34 | 14.37 | -1.48 |
| Net Worth | 818.46 | 693.31 | 538.97 | 539.48 |
| Reserves and Surplus | 450.58 | 681.05 | 526.71 | 527.21 |
| Total Borrowing | 372.81 | 393.20 | 406.10 | 411.85 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Rockingdeals Circular Economy IPO is Rs 79.23 Cr.
| KPI | Values |
|---|---|
| ROE | 25.05% |
| ROCE | 22.73% |
| RoNW | 22.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.2 | |
| P/E (x) | 33.33 | 51.28 |
The company intends to utilize the net proceeds for the following objects
A. To meet the working capital requirements of the company.
B. Brand positioning, marketing, and advertisement.
C. General corporate purposes.
[Dilip Davda] The company is in highly competitive business of re-commerce of excess inventories on a B2B model. While its top line remained static, boosted bottom line raises eyebrows and concern over its sustainability going forward. Based on FY24 annualized super earnings, the issue appears aggressively price. There is no harm in skipping this pricey bet. Read detail review...
The Rockingdeals Circular Economy IPO is subscribed 213.64 times on November 24, 2023 4:21:00 PM. The public issue subscribed 201.42 times in the retail category, 47.38 times in the QIB category, and 458.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 47.38 |
| NII | 458.60 |
| Retail | 201.42 |
| Total | 213.64 |
Total Application : 100,711 (201.42 times)
| Listing Date | November 30, 2023 |
| BSE Script Code | |
| NSE Symbol | ROCKINGDCE |
| ISIN | INE0PTR01012 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹140.00 |
| ₹300.00 |
| ₹300.00 |
| ₹315.00 |
| ₹315.00 |
Rockingdeals Circular Economy Limited
Shop Kh No 424 Basement
Ghitorni, Gadaipur
South West Delhi-110030
Phone: +91 – 83760 36354
Email: compliance@rockingdeals.in
Website: https://www.rockingdeals.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Rockingdeals Circular Economy IPO is a SME IPO of 1,500,000 equity shares of the face value of ₹10 aggregating up to ₹21.00 Crores. The issue is priced at ₹136 to ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on November 22, 2023, and closes on November 24, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rockingdeals Circular Economy IPO using UPI as a payment gateway. Zerodha customers can apply in Rockingdeals Circular Economy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rockingdeals Circular Economy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rockingdeals Circular Economy IPO opens on November 22, 2023 and closes on November 24, 2023.
Rockingdeals Circular Economy IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Rockingdeals Circular Economy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rockingdeals Circular Economy IPO will be done on Tuesday, November 28, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 29, 2023. Check the Rockingdeals Circular Economy IPO allotment status.
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