Rockingdeals Circular Economy Limited IPO Detail
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.
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.
Company Promoters
Mr. Aman Preet, Mrs. Kulbir Chopra and Mrs. Avneet ChopraIPO Details
| IPO Opening Date | Nov 22, 2023 |
| IPO Closing Date | Nov 24, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹136 - 140 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹21.00 Cr |
| Fresh Issue | ₹21.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Tentative Timetable
The Rockingdeals Circular Economy Limited IPO open date is Nov 22, 2023, and the close date is Nov 24, 2023. The issue may list on Nov 30, 2023.
| IPO Open Date | Nov 22, 2023 |
| IPO Close Date | Nov 24, 2023 |
| Basis of Allotment Date | Nov 28, 2023 |
| Initiation of Refunds | Nov 29, 2023 |
| Credit of Shares to Demat Account | Nov 29, 2023 |
| IPO Listing Date | Nov 30, 2023 |
IPO Lot Size
The Rockingdeals Circular Economy Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹140000 |
| Maximum | 1 | 1000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 88.45% |
| Post Issue Share Holding | 65.00% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1863.09 | 1069.62 | -1.48 |
| 31-Mar-22 | 1397.27 | 1533.08 | 14.37 |
| 31-Mar-23 | 1226.60 | 1517.53 | 154.34 |
Objects of the Issue:
The company intend 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.
Rockingdeals Circular Economy Limited IPO Registrar:
Bigshare Services Pvt Ltd
Rockingdeals Circular Economy Limited IPO Lead Manager(s):
Corporate Capitalventures Pvt Ltd
Company Contact Information:
Rockingdeals Circular Economy Limited
Shop Kh No 424 Basement
Ghitorni, Gadaipur
South West Delhi-110030
