Rocking deals IPO, established in 2005, operates primarily as a business-to-business (B2B) re-commerce player. The company specializes in bulk trading of various products, including excess inventory, open-boxed inventory, re-commerce products, and refurbished items. These products span across diverse categories such as small home appliances, apparel, kitchenware, household items, speaker and mobile accessories, large appliances, footwear, and more.
Rockingdeals Circular Economy Ltd operates primarily as a business-to-business (B2B) platform, focusing on bulk trading of various products. The company sources products in bulk from different dealers, including those of Inalsa, Khaitan, etc. The acquired products span across over 18 categories of Stock Keeping Units (SKU), which include electrical appliances from brands like Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, and Phillips. Additionally, the company deals in apparel and footwear from brands such as Zara, Nike, and Campus, speakers from Boat, JBL, Gizmore, mobiles, and mobile accessories from Lenovo, Boat, Gizmore, among others.
Rockingdeals CE supplies these bulk products to various clients, including Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology, as well as its sister companies like Rockingdeals Private Limited, Rockingdeals (HYD) Private Limited, and Harkrishanji Products Private Limited. The procurement sources include e-commerce vendors from 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, and more.
Rocking deals IPO Timeline
Rockingdeals 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 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 |
About the Issue
Rockingdeals Circular Economy Ltd is set to launch its initial public offering (IPO) with a total issue size of Rs 21.00 crores. The IPO consists entirely of fresh equity shares totaling 15 lakh. The subscription for the Rockingdeals Circular Economy IPO will commence on November 22, 2023, and conclude on November 24, 2023. The allotment of shares is anticipated to be finalized by Tuesday, November 28, 2023. The IPO is slated to list on NSE SME, with the tentative listing date scheduled for Thursday, November 30, 2023.
The price band for the Rockingdeals Circular Economy IPO is fixed at ₹136 to ₹140 per share. The minimum lot size for an application is 1000 shares, requiring a minimum investment of ₹140,000 for retail investors. High Net Worth Individuals (HNI) can invest in 2 lots, totaling 2,000 shares, with a minimum investment of ₹280,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager for the Rockingdeals Circular Economy IPO, and Bigshare Services Pvt Ltd is the registrar for the issue. Ss Corporate Securities will serve as the market maker for the IPO.
Objects of the Issue:
- To meet the working capital requirements of the company.
- Brand Positioning, Marketing and Advertisement.
- General corporate purpose.
Rocking Deals Financials (Rs in Lakhs)
| 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 |
| Revenue | 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 |
Rocking Deals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6273 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Rocking Deals IPO Allotment Status
Check Rocking Deals IPO allotment status on Bigshare website URL. Click Here
Company Address
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 IPO FAQs
What is Rocking Deals IPO?
Rocking Deals IPO is an NSE SME IPO. They are going to raise ₹21 Crores via IPO. The issue is priced at ₹136 to ₹140 per equity share. The IPO is to be listed on NSE.
When Rocking Deals IPO will open?
The IPO is to open on November 22, 2023 for QIB, NII, and Retail Investors.
What is Rocking Deals IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Rocking Deals IPO through Zerodha?
Steps to apply in Rockingdeals Circular Economy IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Rockingdeals Circular Economy IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.