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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 ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,36,000 (1000 shares). The minimum lot size investment for 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 Date | November 22, 2023 to November 24, 2023 |
| Listing Date | November 30, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹136 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹21.00 Cr) |
| Reserved for Market Maker | 85,000 shares SS Corporate Securities Ltd. (aggregating up to ₹1.19 Cr) |
| Net Offered to Public | 14,15,000 shares (aggregating up to ₹19.81 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 41,59,000 shares |
| Share Holding Post Issue | 56,59,000 shares |
Rockingdeals Circular Economy IPO offers total 15,00,000 shares. Out of which 7,00,000 (46.67%) allocated to QIB, 2,80,000 (18.67%) allocated to QIB, 2,15,000 (14.33%) allocated to NII, 5,00,000 (33.33%) allocated to RII and 4,20,000 (28.00%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 85,000 (5.67%) |
| QIB Shares Offered | 7,00,000 (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 (14.33%) |
| Retail Shares Offered | 5,00,000 (33.33%) |
| Total Shares Offered | 15,00,000 (100.00%) |
Rockingdeals Circular IPO raises ₹5.88 crore from anchor investors. Rockingdeals Circular IPO Anchor bid date is November 21, 2023. Rockingdeals Circular IPO Anchor Investors list
| Bid Date | November 21, 2023 |
| Shares Offered | 4,20,000 |
| Anchor Portion Size (In Cr.) | 5.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 28, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 26, 2024 |
Rockingdeals Circular IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wed, Nov 22, 2023 |
| IPO Close Date | Fri, Nov 24, 2023 |
| Tentative Allotment | Tue, Nov 28, 2023 |
| Initiation of Refunds | Wed, Nov 29, 2023 |
| Credit of Shares to Demat | Wed, Nov 29, 2023 |
| Tentative Listing Date | Thu, Nov 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 24, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Rocking Deals Circular Economy Limited's revenue decreased by -1.01% and profit after tax (PAT) rose by 974.19% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,437.45 | 1,226.60 | 1,397.27 | 1,863.09 |
| Total Income | 958.15 | 1,517.53 | 1,533.08 | 1,069.62 |
| Profit After Tax | 125.15 | 154.34 | 14.37 | -1.48 |
| Net Worth | 818.46 | 693.31 | 538.97 | 539.48 |
| Reserves and Surplus | 450.58 | 681.05 | 526.71 | 527.21 |
| Total Borrowing | 372.81 | 393.20 | 406.10 | 411.85 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Rockingdeals Circular IPO is ₹79.23 Cr.
The company intends 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.
[Dilip Davda] The company is in highly competitive business of re-commerce of excess inventories on a B2B model. While its top line remained static, boosted bottom line raises eyebrows and concern over its sustainability going forward. Based on FY24 annualized super earnings, the issue appears aggressively price. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | November 30, 2023 |
| BSE Script Code | |
| NSE Symbol | ROCKINGDCE |
| ISIN | INE0PTR01012 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹300.00 |
| Low | ₹300.00 |
| High | ₹315.00 |
| Last Trade | ₹315.00 |
Rockingdeals Circular Economy Ltd.
Shop Kh No 424 Basement,
Ghitorni,
Gadaipur,
South West Delhi, New Delhi, 110030
Phone: +91 – 83760 36354
Email: compliance@rockingdeals.in
Website: https://www.rockingdeals.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rockingdeals Circular IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹21.00 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on November 22, 2023, and closes on November 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 November 22, 2023 and closes on November 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 Wednesday, November 29, 2023. Check the Rockingdeals Circular IPO allotment status.
The Rockingdeals Circular IPO listing date is on Thursday, November 30, 2023.
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