Rocking Deals Circular Economy IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 24, 2023Let’s have a detailed review of the company and analytics of the Rocking Deals Circular Economy IPO release date, IPO offer price, subscription, Rocking Deals Circular Economy Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 136 to Rs 140 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | November 30, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2100 Lakh |
| IPO Size | Rs 2100 Lakh |
| Tick Size | 1 |
Rocking Deals Circular Economy IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Rocking Deals Circular Economy Share Price |
Rocking Deals Circular Economy IPO – Summary
Their company, Rockingdeals Circular Economy Ltd. (herein this section referred to as “Rockingdeals CE”) is primarily a B2-B re-commerce player which started its operations in 2005. Their company is primarily engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products, which has been further detailed in this section.
These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear etc. These products are generally of various well-known brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.
The Promoter of this company is MR. AMAN PREET, MRS. KULBIR CHOPRA AND MRS. AVNEET CHORPA. The lead manager of the issue is CORPORATE CAPITALVENTURES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Rocking Deals Circular Economy IPO Date
The opening and closing dates of Rocking Deals Circular Economy IPO are November 22, 2023 and November 24, 2023, respectively.
Rocking Deals Circular Economy IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 22nd Nov | 0.02x | 14.19x | 26.42x | 16.35x |
| 2nd Day – 23rd Nov | 8.49x | 50.42x | 81.94x | 54.46x |
| 3rd Day – 24th Nov | 9.01x | 77.45x | 94.11x | 66.56x |
| Shares Offered or Net Issue | 280,000 | 215,000 | 500,000 | 1,500,000 |
The shares subscribed by the public will be updated here.
Rocking Deals Circular Economy IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Rocking Deals Circular Economy Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 28, 2023 |
| Refunds Initiation | November 29, 2023 |
| Credit of Shares to Demat Account | November 29, 2023 |
| Share Listing Date | November 30, 2023 |
Rocking Deals Circular Economy IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 136 to Rs 140
Rocking Deals Circular Economy IPO Equity Size
This Initial Public Issue of 1,500,000 Equity Shares of Rs.10 each for cash at a price of Rs 136 to Rs 140 per equity share aggregating to Rs.2100 Lakh.
Rocking Deals Circular Economy IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,500,000 Equity Shares of Rs.10/ each.
Issue Size: 1,500,000 Equity Shares of Rs.10 each, aggregating to Rs.2100 Lakh
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Rocking Deals Circular Economy IPO – Live Performance
The listing date of this IPO is November 30, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Rocking Deals Circular Economy Share Price |
Rocking Deals Circular Economy IPO Grey Market Premium
The Rocking Deals Circular Economy Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Rocking Deals Circular Economy IPO – Company Overview
They deal in bulk quantities, procure the goods from their various vendors and mostly sell these products in bulk quantities themselves. In order to store these products in bulk quantities they have a duly established, spacious and well connected to the National Highway.
The USP of their business model lies in the final discount which is unmatchable with any of the manufacturers, companies or distributors and this is possible here because of their vast team experience. Their business model allows customers to save money by purchasing products at a reduced price.
This can be especially beneficial for consumers who are looking for high-quality products but may not be able to afford brand-new products at their original prices.
Rocking Deals Circular Economy IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Hundreds) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 14,37,446.28 | 12,26,597.85 | 13,97,269.78 | 18,63,086.24 |
| *Total Revenue | 9,58,149.84 | 15,17,532.31 | 15,33,084.56 | 10,69,618.61 |
| Total Expense | 7,88,874.81 | 13,12,689.02 | 15,14,758.51 | 10,67,436.34 |
| Profit After Tax | 1,25,151.74 | 1,54,339.14 | 14,367.98 | (1,482.86) |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 3.40 | 4.20 | 0.39 | (0.04) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,54,339.14 Hundreds, Rs. 14,367.98 Hundreds and Rs. (1,482.86) Hundreds respectively.
Rocking Deals Circular Economy IPO – Promoters
The Promoter of this company is:
- MR. AMAN PREET,
- MRS. KULBIR CHOPRA
- MRS. AVNEET CHORPA
List of Related Parties (Key Managerial Personnel)
- Aman Preet, Managing Director
- Tarun Goel, Additional Director
- Kulbir Chopra, Director
- Avneet Chopra, Director
- Ravtej Singh Teer, Independent Director
- Prabhkamal Singh Sahni, Independent Director
Rocking Deals Circular Economy IPO – Promoters Holding
- Pre-Issue Share Holding – 88.45%
- Post-Issue Share Holding – 65.00%
Rocking Deals Circular Economy IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 15,00,000 Equity Shares aggregating up to Rs.2100 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 85,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 14,15,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 5,00,000 E Equity Shares |
| Other than Retail Individual Investors | Not more than 2,15,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 41,59,000 Equity Shares |
| Equity Shares outstanding after the Issue | 56,59,000 Equity Shares |
Rocking Deals Circular IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital requirements of the company
- Brand Positioning, Marketing and Advertisement
- General Corporate Purposes
Rocking Deals Circular Economy IPO – Business Strategy
- Maintaining Edge over competitors by introducing new categories of products
- Their Classification Centre
- Customer Relationship Management Initiative
- Targeting Middle Class
- Sustainable & Circular Economy
Rocking Deals Circular Economy IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Widespread Vendor Network
- Experienced Promoters and Sound Operation Team.
- Long-Term Relationship with Clients and Repeat Business.
- Quality Assurance.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.20 | 22.26% | 565.37 |
| 31-Mar-22 | 0.39 | 2.67% | 439.51 |
| Mar-21 | (0.04) | (0.27) | 439.93 |
Rocking Deals Circular IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Hundreds) | |
| Rocking Deals Circular Economy Limited | 10 | [●] | 4.20 | 22.26% | 15,17,532.31 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Rocking Deals Circular IPO Lead Managers
| Lead Managers |
| CORPORATE CAPITALVENTURES PRIVATE LIMITED B1/E13, First Floor, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044, Tel: +91 11 – 41824066; Email: smeipo@ccvindia.com Investor Grievances Email Id- investor@ccvindia.com Website: www.ccvindia.com SEBI Registration: INM000012276 Contact Person: Mrs. Harpreet Parashar |
Rocking Deals Circular Economy IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai-400093, India. Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievances Email Id- investor@bigshareonline.com Website: www.bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Mr. Babu Rapheal C. |
Rocking Deals Circular IPO – Other Details
- Statutory Auditor – M/s A K A R & Associates, Chartered Accountants
- Legal Counsel to the Company – A & M Legal
- Bankers to the Company – YES Bank Limited
Rocking Deals Circular IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Rocking Deals Circular Economy Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Rocking Deals Circular IPO Review FAQs
Check out various FAQs related to Rocking Deals Circular IPO:
What is the Issue Size of Rocking Deals Circular IPO?
The Company is making an initial public offer of 1,500,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Rocking Deals Circular IPO?
The price band for this particular IPO ranges between Rs 136 to Rs 140. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Rocking Deals Circular IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 22, 2023, while the closing date is set at November 24, 2023.
What is the Rocking Deals Circular IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 28, 2023, refund initiation is on November 29, 2023, credit of shares is on November 29, 2023, and share listing date is on November 30, 2023.
What is the Rocking Deals Circular IPO Listing Date?</span>
Shares of this company shall be listed in the exchanges on November 30, 2023. The date, when the listing would be done, is stagnant on November 30, 2023.
Who is the Registrar of Rocking Deals Circular IPO?
yle=”color: #000000;”>One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Rocking Deals Circular IPO?
Here are the promoters of this IPO – MR. AMAN PREET, MRS. KULBIR CHOPRA AND MRS. AVNEET CHORPA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Rocking Deals Circular IPO?</span>
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Rocking Deals Circular Economy IPO Good for Investment?
<span style=”color: #000000;”>They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Rocking Deals Circular Economy Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Hundreds is 1,54,339.14, 2022 is 14,367.98, and 2021 is (1,482.86). PAT from Jun 2023 is 1,25,151.74.
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