Rockingdeals Circular Economy Limited IPO

Price
₹136 - ₹140
Lot
1000
Subs.
213.64
Expected Listing Earning

Exp. Premium(GMP):
160.01(114.29%)
IPO Details

Open Date: 22-Nov-2023
Close Date: 24-Nov-2023
Allotment Date: 28-Nov-2023
Listing Date: 30-Nov-2023
Listing Price: ₹326.5/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹136-140 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹140,000 : HNI - ₹280,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved280,000215,000500,000995,000
Day 1 - 22-11-23 
05:00 PM
0.02x14.19x26.42x16.35x
Day 2 - 23-11-23 
05:00 PM
8.49x50.42x81.94x54.46x
Day 3 - 24-11-23 
05:00 PM
8.49x458.60x201.42x213.64x
Total No. of Application:1,00,711 (Approx.)
Retail Subscription on the basis of Apps:201.42x
Valuations

Earning Per Share(EPS)4.2/-
P/E Ratio33.33
RoNW22.26%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20231,226.601,517.53154.34
31 Mar,20221,397.271,533.0814.37
31 Mar,20211,863.091,069.62-1.48
Promoter(s)

Pre Issue Share Holding88.45%
Post Issue Share Holding65.00%
Company Promoter(s)
1. Mr. Aman Preet
2. Mrs. Kulbir Chopra
3. Mrs. Avneet Chopra
Issue Objective(s)

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.

About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

If you are agree with app tems and condition to use the app. 

Thank you.