IPO Details
Bidding Dates
21 Nov '23 - 23 Nov '23
Minimum Investment
₹140,000 / 1 Lot ( 1000 Shares )
Price Range
₹136 - ₹140
Maximum Investment
₹140,000 / 1 Lot ( 1000 Shares )
Retail Discount
Not Applicable
Issue Size
₹21.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-Institutional Investors, |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Nov 21, 2023
Closing Date
Nov 23, 2023
Basis of Allotment
Nov 27, 2023
Initiation of Refunds
Nov 28, 2023
Credit of Shares to Demat
Nov 28, 2023
Listing Date
Nov 29, 2023
Cut-off time for UPI mandate confirmation
Nov 23, 2023
Rocking Deals Circular Economy Limited IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Nov 21, 2023 |
0.02x | 14.19x | 26.42x | 16.35x |
Day 2Nov 22, 2023 |
8.49x | 50.30x | 81.34x | 54.13x |
Day 3Nov 23, 2023 |
47.38x | 458.60x | 201.42x | 213.64x |
Rocking Deals Circular Economy Limited IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 47.38 |
| Non-Institutional Buyers | 458.60 |
| Retail Investors | 201.42 |
| Total | 213.64 |
About Rocking Deals Circular Economy Limited
Incorporated in 2002, Rocking Deals Circular Economy Limited primarily acted as a B2B re-commerce player and started its operations in 2005. The company is mainly involved in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. The product range spans various categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc.
The company is mainly focused on efficient management of surplus inventory from various brands within the B2B sector. During FY 2023, the B2B segment contributed a significant 97.43% of overall revenue. The company’s major clients include Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology, etc.
The re-commerce market of India was valued at USD 29.54 billion in 2022 and is projected to grow at a CAGR of ~6.15% by 2027. The market is being supported by factors such as de consumer’s desire to access used goods at a discounted rate, powerful digital marketplaces, etc.
Rocking Deals Circular Economy Limited IPO Details
Rocking Deals Circular Economy Limited IPO Date
Retail investors can bid for the Rocking Deals Circular Economy Limited IPO. The issue will open on November 22, 2023.
Rocking Deals Circular Economy Limited IPO Price Band
Rocking Deals Circular Economy Limited is a fresh issue of ₹21.00 crore. It is a book-building issue. The price range of the IPO has been set at ₹136 to ₹140 per share.
Rocking Deals Circular Economy Limited IPO Lot Size
The lot size of Rocking Deals Circular Economy Limited's IPO is 1,000 shares, and the minimum investment will be ₹1,40,000.
Rocking Deals Circular Economy Limited IPO Objectives
The objectives of the offer are listed below:
- Working capital requirement.
- Brand positioning and marketing and advertisement.
- General corporate purposes.
Peer Details
As per DRHP, Rocking Deals Circular Economy Limited has no listed peers.
How To Check the Allotment Status of the Rocking Deals Circular Economy Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Rocking Deals Circular Economy Limited
Registered office: Shop Kh No 424 Basement Ghitorni, Gadaipur South West Delhi-110030
Phone: +91 – 83760 36354
E-mail: compliance@rockingdeals.in
IPO Financials
| Particulars | Year ending on March 31, 2021 | Period Ending on June 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|---|
| Total Income | 1,069.62 | 958.15 | 1,517.53 | 1,533.08 |
| Profit After Tax (PAT) | -1.48 | 125.15 | 154.34 | 14.37 |
| Total Assets | 1,863.09 | 1,437.45 | 1,226.60 | 1,397.27 |
| Total Borrowings | 411.85 | 372.81 | 393.20 | 406.10 |
Know before investing
Strengths
2-
The company earns revenue from a diverse product portfolio of 18 Stock Keeping Units (SKUs), which cater for every segment of society.
-
The company’s growth strategy revolves around a focus on the middle-class segment, which seeks affordable alternatives that offer good value and comparable quality to good products. The company’s business model allows customers to save money by purchasing products at a reduced price. This can be especially beneficial for consumers who are looking for high-quality products at best discount prices.
Risks
2-
The majority of its state-wise revenues are generated from Haryana for the last 3 years. This indicates a major dependence on a single geography and a lack of diversification. Any adverse developments affecting its operations in the state could impact operations materially.
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The company is exposed to risks arising from failure in expanding or effectively managing its B2B partners/vendors network. As a result, the company’s sales are directly impacted.
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Rocking Deals Circular Economy Limited IPO FAQs
Rocking Deals Circular Economy Limited is a fresh issue of ₹21.00 Cr. It is a book-building issue.
The Basis of Allotment of the IPO will be on November 28, 2023.
The IPO subscription window will open on November 22, 2023.
Retail investors can apply for a minimum of one lot, which will be 1,000 shares.
Rocking Deals Circular Economy Limited IPO will be listed on NSE Emerge. It will be listed on November 30, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
