Rocking Deals Circular Economy IPO is a book built issue of Rs 21.00 crores. The issue is entirely a fresh issue of 15 lakh shares.
Rocking Deals Circular Economy IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Rocking Deals Circular Economy IPO is expected to be finalized on Tuesday, November 28, 2023. Rocking Deals Circular Economy IPO will list on NSE SME with tentative listing date fixed as Thursday, November 30, 2023.
Rocking Deals Circular Economy IPO price band is set at ₹136 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Rocking Deals Circular Economy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rocking Deals Circular Economy IPO is Ss Corporate Securities.
Refer to Rocking Deals Circular Economy IPO RHP for detailed information.
Rocking Deals Circular Economy IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹136 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,500,000 shares (aggregating up to ₹21.00 Cr) |
| Fresh Issue | 1,500,000 shares (aggregating up to ₹21.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,159,000 |
| Share holding post issue | 5,659,000 |
| Market Maker portion | 85,000 shares Ss Corporate Securities |
Rocking Deals Circular Economy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Rocking Deals Circular Economy IPO Timeline (Tentative Schedule)
Rocking Deals Circular Economy IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Tuesday, November 28, 2023 |
| Initiation of Refunds | Wednesday, November 29, 2023 |
| Credit of Shares to Demat | Wednesday, November 29, 2023 |
| Listing Date | Thursday, November 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Rocking Deals Circular Economy IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator |
Rocking Deals Circular Economy IPO Promoter Holding
The promoters of the company are Mr. Aman Preet, Mrs. Kulbir Chopra and Mrs. Avneet Chopra.
| Share Holding Pre Issue | 88.45% |
| Share Holding Post Issue | 65.00% |
About Rocking Deals Circular Economy Limited
Incorporated in 2005, Rocking Deals 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 Financial Information (Restated)
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 | 14,374.46 | 12,265.98 | 13,972.70 | 18,630.86 |
| Revenue | 9,581.50 | 15,175.32 | 15,330.85 | 10,696.19 |
| Profit After Tax | 1,251.52 | 1,543.39 | 143.68 | -14.83 |
| Net Worth | 8,184.63 | 6,933.11 | 5,389.72 | 5,394.77 |
| Reserves and Surplus | 4,505.76 | 6,810.48 | 5,267.09 | 5,272.14 |
| Total Borrowing | 3,728.12 | 3,932.04 | 4,061.02 | 4,118.46 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 33.33 |
| ROE | 25.05% |
| ROCE | 22.73% |
| EPS (Rs) | 4.2 |
| RoNW | 22.26% |
Check Rocking Deals Circular Economy IPO Peer Comparison here.
Objects of the Issue (Rocking Deals Circular Economy IPO Objectives)
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.cking Deals Circular Economy Limited Contact Details
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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html