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.

Company Promoters

Mr. Aman Preet, Mrs. Kulbir Chopra and Mrs. Avneet Chopra

IPO 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