Bookbuilding IPO | ₹21 Cr | Listed at NSE SME | Wed, Nov 22, 2023 - Fri, Nov 24, 2023
Rockingdeals Circular IPO is a book build issue of ₹21.00 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹21.00 crore.
Rockingdeals Circular IPO bidding started from Nov 22, 2023 and ended on Nov 24, 2023. The allotment for Rockingdeals Circular IPO was finalized on Nov 28, 2023. The shares got listed on NSE SME on Nov 30, 2023.
Rockingdeals Circular IPO price band is set at ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Rockingdeals Circular IPO RHP for detailed Information.
IPO Open
Wed, Nov 22, 2023
IPO Close
Fri, Nov 24, 2023
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹79.23 Cr
| IPO Date | 22 to 24 Nov, 2023 |
| Listed on | Thu, Nov 30, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹136 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 15,00,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 85,000 shares SS Corporate Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 14,15,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 14,15,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 41,59,000 shares |
| Share Holding Post Issue | 56,59,000 shares |
| NSE Symbol | ROCKINGDCE |
| ISIN | INE0PTR01012 |
Rockingdeals Circular IPO comprises a total issue size of 15,00,000 shares. The net offer to the public is 14,15,000 shares, after excluding 85,000 shares allotted on a firm basis. Of the Net offer 7,00,000 (49.47%) are allocated to QIB, 2,15,000 (15.19%) allocated to NII 5,00,000 (35.34%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 7,00,000 | 49.47% | 46.67% |
| − Anchor Investor Shares Offered | 4,20,000 | 28.00% | |
| − QIB (Ex. Anchor) Shares Offered | 2,80,000 | 18.67% | |
| NII (HNI) Shares Offered | 2,15,000 | 15.19% | 14.33% |
| Retail Shares Offered | 5,00,000 | 35.34% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 85,000 | 5.67% | |
| Total Shares Offered | 15,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Rockingdeals Circular IPO raises ₹5.88 crore from anchor investors. Rockingdeals Circular IPO Anchor bid date is November 21, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 21, 2023 |
| Shares Offered | 4,20,000 |
| Anchor Portion (₹ Cr.) | 5.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Dec 28, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Feb 26, 2024 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14.37 | 12.27 | 13.97 | 18.63 |
| Total Income | 9.58 | 15.18 | 15.33 | 10.70 |
| Profit After Tax | 1.25 | 1.54 | 0.14 | -0.01 |
| NET Worth | 8.18 | 6.93 | 5.39 | 5.39 |
| Reserves and Surplus | 4.51 | 6.81 | 5.27 | 5.27 |
| Total Borrowing | 3.73 | 3.93 | 4.06 | 4.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements of the company | 0.14 |
| 2 | Brand Positioning, Marketing and Advertisement | 0.01 |
| 3 | General Corporate Purposes | 0.02 |
| KPI | |
|---|---|
| ROE | 25.05% |
| ROCE | 22.73% |
| RoNW | 22.26% |
| PAT Margin | 10.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.20 | |
| P/E (x) | 33.33 | 51.28 |
| Promoter Holding | 88.45% | 65.00% |
| Market Cap | ₹79.23 Cr. |
The Rockingdeals Circular Economy IPO is subscribed 213.64 times on November 24, 2023 4:21:00 PM (Day 3). The public issue subscribed 201.42 times in the retail category, 47.38 times in the QIB category, and 458.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 47.38 | 2,80,000 | 1,32,66,000 |
| NII* | 458.6 | 2,15,000 | 9,85,98,000 |
| Retail | 201.42 | 5,00,000 | 10,07,11,000 |
| Total | 213.64 | 9,95,000 | 21,25,75,000 |
Total Application : 1,00,711
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Issue Management fees | 0.00 |
| 2 | Selling and Distribution fees | 0.02 |
| 3 | Underwriting Commission | 0.01 |
| 4 | Advertising and marketing expenses | 0.00 |
| 5 | Fees payable to Registrar to the Issue | 0.00 |
| 6 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.00 |
| 7 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.00 |
| 8 | Printing and distribution of issue stationery | 0.00 |
| 9 | Listing fees | 0.00 |
| 10 | NSE Processing | 0.00 |
| 11 | Book Building software fees | 0.00 |
| 12 | Other regulatory expenses | 0.00 |
| 13 | Fees payable to legal counsel | 0.00 |
| 14 | Miscellaneous | 0.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹300.00 |
| Low | ₹300.00 |
| High | ₹315.00 |
| Last Trade | ₹315.00 |
Lead Manager Reports
Rockingdeals Circular IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Nov 22, 2023, and closes on Fri, Nov 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Rockingdeals Circular IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rockingdeals Circular IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rockingdeals Circular IPO opens on Wed, Nov 22, 2023 and closes on Fri, Nov 24, 2023.
Rockingdeals Circular IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Rockingdeals Circular IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rockingdeals Circular IPO will be done on Tuesday, November 28, 2023, and the allotted shares will be credited to your demat account by Wed, Nov 29, 2023. Check the Rockingdeals Circular IPO allotment status.
The Rockingdeals Circular IPO listing date is on Thu, Nov 30, 2023.
