Listing Details
- Listing Exchange NSE SME
- Listing Date 30-Nov-23
- IPO Price Range ₹ 136 to ₹ 140
- Listing Price ₹ 300
- Listing Change 114.3%
- Last Traded Price ₹ 524.45
- Current Change 274.6%
Rocking Deals IPO Details
- Open Date 22-Nov-23
- Close Date 24-Nov-23
- Lot Size 1000
- IPO Size ₹ 21 Cr
- IPO Price Range ₹ 136 to ₹ 140
- Min Investment ₹ 136000
- Listing Exchange NSE SME
- Basis of Allotment 28-Nov-23
- Refunds 29-Nov-23
- Credit to Demat Account 29-Nov-23
- Listing Date 30-Nov-23
Rocking deals Circular Economy IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Nov-23 | 0.02 | 14.19 | 26.42 | 16.35 |
| 23-Nov-23 | 8.49 | 50.42 | 81.94 | 54.46 |
| 24-Nov-23 | 47.38 | 458.60 | 201.42 | 213.64 |
Rocking Deals IPO Synopsis
Rocking Deals Circular Economy Limited IPO is all set to open from 22nd November to 24th November 2023. The company is engaged in the business of bulk trading of different inventories and products. The IPO includes a fresh issue of 1,500,000 shares worth ₹21 cr. The share allotment date is 28th November, and the IPO will be listed on 30th November on the stock exchanges. The price band is ₹136 to ₹140 per share and the lot size is 1000 shares.
Corporate Capital Ventures Pvt Ltd is the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd is the registrar.
Objectives of Rocking Deals Circular Economy IPO
● To fund for branding, marketing, and advertising expenses for the company
● To meet working capital requirements
● For corporate general purposes
About Rocking deals Circular Economy
Rocking Deals Circular Economy Limited is a B2B re-commerce platform founded in 2005. The company undertakes bulk trading of excess inventory, open boxed inventory, re-commerce products and refurbished products, which can be divided into several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear etc.
The products spruced belong to popular and renowned brands like Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.
Rocking Deals purchases products in bulk from various dealers of Inalsa, Khaitan, and more and are later supplied in bulk to clients which include Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology and Rocking Deals’ sister companies.
Peer Comparison
No listed peers.
For More Information:
Rocking Deals IPO GMP
Webstory on Rocking Deals IPO
Rocking deals Circular Economy Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations (interest income) | 15.01 | 14.83 | 10.55 |
| EBITDA | 2.56 | 0.30 | 0.62 |
| PAT | 1.54 | 0.14 | -0.014 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 12.26 | 13.97 | 18.63 |
| Share Capital | 0.12 | 0.12 | 0.12 |
| Total Borrowings | 5.33 | 8.58 | 13.23 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.42 | 0.52 | -1.49 |
| Net cash from / (used in) investing activities | -0.092 | 0.028 | 0.038 |
| Net cash flow from / (used in) financing activities | -0.56 | -0.45 | -0.19 |
| Net increase (decrease) in cash and cash equivalents | -0.24 | 0.14 | -1.31 |
Rocking Deals IPO Key Points
-
Strengths
1. The company has an established B2B Partner/Vendor Channel.
2. It has a diversified range of product portfolio which includes 18 SKUs.
3. There is no onus to provide a warranty.
4. The company has an in-house Service Center for minor repairs.
5. It also has a strong brand image and customer recall.
6. Experienced Promoters and Professional Management Team.
-
Risks
1. The company has provided a corporate guarantee for credit availed.
2. Revenues are dependent on the top five clients.
3. The revenues from operations for the last 3 years are dependent majorly on Haryana.
4. There is a risk of Forward or Downward Integration by our supplier.
5. The business is subject to seasonality.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Rocking Deals IPO FAQs
What is the minimum lot size and investment required for the Rocking Deals Circular Economy IPO?
The minimum lot size of Rocking Deals IPO is 1000 shares and the investment required is ₹136,000.
What is the price band of Rocking Deals IPO?
The price band of Rocking Deals IPO is ₹136 to ₹140.
When does the Rocking Deals Circular Economy IPO opens and closes?
The Rocking Deals Circular Economy IPO is open from 22nd November to 24th November 2023.
What is the size of the Rocking Deals Circular Economy IPO?
The size of Rocking Deals IPO is around ₹21 cr.
What is the allotment date of the Rocking Deals Circular Economy IPO?
The share allotment date of Rocking Deals IPO is 28th of November 2023.
What is the Rocking Deals Circular Economy IPO listing date?
The Rocking Deals IPO will be listed on 30th of November 2023.
Who are the book runners for the Rocking Deals Circular Economy IPO?
Corporate Capital Ventures Pvt Ltd is the book-running lead manager for Rocking Deals IPO.
What is the objective of the Rocking Deals IPO?
The proceeds from the issue will be used for:
● To fund branding, marketing, and advertising expenses for the company.
● To meet working capital requirements.
● For corporate general purposes.
How to apply for the Rocking Deals Circular Economy IPO?
To apply for Rocking Deals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rocking Deals Circular Economy IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Rocking deals Circular Economy IPO
Contact Information
Rocking Deals 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/
Rocking deals Circular Economy IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rocking deals Circular Economy IPO Lead Manager
Corporate Capitalventures Pvt Ltd