Rocking Deals GMP offering will begin from November 22, 2023 and closes on November 24, 2023.
The Rocking Deals IPO date has been confirmed. The IPO will begin on November 22 and end on November 24. Rocking Deals is an NSE SME IPO that will raise 21 crores through the IPO. The price band for the Rocking Deals IPO is set at 136 to 140, with a market lot of 1000 shares.
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Bidding Dates
November 22 – 24
Price Range
₹136 to ₹140 per share
Face Value
₹10 per share
GMP
₹90
Rocking Deals GMP
The Rocking Deals Limited IPO GMP is ₹ [90]
IPO Overview
The Rockingdeals Circular Economy IPO is a newly issued book built offering worth Rs 21.00 crores, consisting of 15 lakh shares. Bidding for the IPO commenced on November 22, 2023, and concluded on November 24, 2023. The allotment for the Rockingdeals Circular Economy IPO was finalized on Tuesday, November 28, 2023. Subsequently, the shares were listed on NSE SME on November 30, 2023.
The price range for Rockingdeals Circular Economy IPO has been established at ₹136 to ₹140 per share. Retail investors are required to apply for a minimum of 1000 shares, which translates to an investment of ₹140,000. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 2,000 shares, with a total amount of ₹280,000.
Rocking Deals Details
| IPO Open: | November 22, 2023 |
| IPO Close: | November 24, 2023 |
| IPO Size: | Approx ₹21 Crores, 1,500,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹136 to ₹140 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Rocking Deals IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹140,000 |
| Retail Maximum | 1 | 1000 | ₹140,000 |
| S-HNI Minimum | 2 | 2000 | ₹280,000 |
Rocking Deals IPO Dates
| IPO Open Date: | November 22, 2023 |
| IPO Close Date: | November 24, 2023 |
| Basis of Allotment: | November 28, 2023 |
| Refunds: | November 29, 2023 |
| Credit to Demat Account: | November 29, 2023 |
| IPO Listing Date: | November 30, 2023 |
Rocking Deals Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2021 | ₹10.70 | ₹10.67 | ₹0.01 |
| 2022 | ₹15.33 | ₹15.15 | ₹0.14 |
| 2023 | ₹15.18 | ₹13.13 | ₹1.54 |
| 2023 2M | ₹9.58 | ₹7.89 | ₹1.25 |
Rocking Deals IPO Valuation – FY2023
| Earning Per Share (EPS): | ₹4.20 per Equity Share |
| Price/Earning P/E Ratio: | 32.38 |
| Return on Net Worth (RoNW): | 22.26% |
| Net Asset Value (NAV): | ₹439.93 per Equity Share |
Company Profile
Established in 2005, Rockingdeals specializes in the wholesale trading of surplus inventory, open-boxed items, re-commerce products, and refurbished goods. The company provides a range of services that facilitate the easy disposal of excess inventory for other businesses, allowing them to free up valuable space and resources. This streamlined and transparent process benefits both the sellers and buyers, creating a mutually advantageous situation for all parties involved. Rocking Deals offers an extensive selection of Stock Keeping Units (SKU) across 18 different categories. These categories include electrical appliances from renowned brands such as Syska,
Havells, LG, Panasonic, Usha, Crompton, Luminous, and Phillips, as well as apparel and footwear from popular names like Zara, Nike, and Campus. Additionally, the company offers speakers from trusted brands like Boat, JBL, and Gizmore, as well as mobile phones and accessories from Lenovo, Boat, Gizmore, and more.
Registrar Info
| Name | KFIN TECHNOLOGIES LIMITED |
| Phone number | +91-22-6273 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | http://www.bigshareonline.com |
Contact Details
| Name | Rocking Deals LIMITED |
| Phone number | +91 – 83760 36354 |
| Email ID | compliance@rockingdeals.in |
| Website | https://www.rockingdeals.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
