Rocking Deals Circular Economy Limited IPO is set to launch on 22 November, 2023. The company initiated its business operations in the year 2005. It deals into bulk trading of excess inventory, re-commerce products, open-boxed products, refurbished products etc. It is a key part for the companies to free up their space and get rid of the excess inventory. The entire process done by the company is transparent so every party (buyer or seller) feels like a win-win for both of them. The company has a SKU for more than 18 products such as Electrical appliances, Speakers, Apparels and footwear, Mobile and its accessories etc. The products are procured from online platforms such as Snapdeal, Flipkart, Amazon etc.
Rocking Deals Circular Economy Limited IPO DETAILS
Rocking Deals Circular Economy Limited IPO is set to launch on 22 November, 2023. The subscription timeline extends till 24 November, 2023. The size for the IPO is 21 Crore Rs. Shares issued through fresh issue mode are worth 21 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 136 Rs to 140 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Rocking Deals Circular Economy Limited IPO
| IPO OPENING DATE | 22 November, 2023 |
| CLOSING DATE FOR IPO | 24 November, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 136 Rs to 140 Rs per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | 21 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 21 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 30 November, 2023 |
Rocking Deals Circular Economy Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 22 November, 2023 |
| CLOSING DATE FOR IPO | 24 November, 2023 |
| IPO ALLOTMENT DATE | 28 November, 2023 |
| REFUNDS | 29 November, 2023 |
| DEMAT A/C CREDITED ON | 29 November, 2023 |
| IPO LISTING DATE | 30 November, 2023 |
Rocking Deals Circular Economy Limited IPO begins for subscription from 22 November, 2023. The IPO subscription would continue till 24 November, 2023. The allotment status for the shareholders who applied would come on 28 November, 2023. The refunds for the ones who did not get allotment would be initiated on 29 November, 2023. The DEMAT accounts of shareholders would be credited on 29 November, 2023. The listing of the company would be completed on 30 November, 2023.
Rocking Deals Circular Economy Limited IPO : Lead Managers
The lead managers are :
- Corporate Capital Ventures Private Limited
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1000 shares | 140000 Rs. |
| Maximum | 2000 shares | 280000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The IPO money will be used for brand’s positioning, Advertising and marketing.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 1863 | 1397 | 1226 |
| Revenue | 1069 | 1553 | 1517 |
| PAT | (-1.48) | 14 | 154 |
Rocking Deals Circular Economy Limited had an asset base of 1863 Lakh Rs in the year 2021 which decreased to 1397 Lakh Rs in 2022 and 1226 Lakh Rs in 2023. The revenue of the firm was 1069 Lakh Rs in 2021 which increased in the next year 1553 Lakh Rs. However in 2023 the same decreased to 1517 Lakh Rs. The company was trailing from a loss of 1.48 Lakh Rs in 2021. In 2022 the profit of 14 Lakh Rs was recorded and in the next year the same went up to 154 Lakh Rs.
PROS
- The work done by the company is a key part for the companies to free up their space and get rid of the excess inventory hence the demand for the company’s service is going to increase in the long run due to dominance of online marketplaces.
- The entire process done by the company is transparent so every party (buyer or seller) feels like a win-win for both of them.
- The company has a SKU for more than 18 products such as Electrical appliances, Speakers, Apparels and footwear, Mobile and its accessories etc.
- The products are procured from online platforms such as Snapdeal, Flipkart, Amazon etc.
CONS
- The company works in a highly competitive segment.
Rocking Deals Circular Economy Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Rocking Deals Circular Economy Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
