Rocking Deals Circular Economy IPO will open for subscription from 22 November 2023. The company aims for an issue size of ₹21 Cr through this IPO.
Company Overview
| Full name | Rocking Deals Circular Economy Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.rockingdeals.in/ |
About Company
Rocking Deals Circular Economy is primarily a B2B re-commerce player that started operations in 2005. The company is primarily engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products. The company’s products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear etc. The 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 B2B segment constitutes a significant portion of the revenue, contributing 97.43% in FY 2022-23, 96.84% in FY 2021-22, and 99.94% in FY 2020-21. The clients include Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology etc. As of 30 June 2023, the company has over 18 categories of Stock Keeping Units (SKU) i.e., electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparel & footwear (Zara, Nike, Campus, etc), speaker (Boat, JBL, Gizmore), mobile and mobile accessories (Lenovo, Boat, Gizmore, etc) and various other products which the company procures from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, etc; companies like GO Auto, Salora International, Zazz Technology Connect Private Limited; and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.
The Objectives of the Issue
- To meet the working capital requirements of the company
- Brand Positioning, Marketing and Advertisement
- General Corporate Purposes.
Rocking Deals Circular Economy IPO Timetable
| IPO Opening date | 22 November 2023 |
| IPO Closing | 24 November 2023 |
| Basis of Allotment | 28 November 2023 |
| Initiation Refund | 29 November 2023 |
| Credit to Demat Account | 29 November 2023 |
| Listing Date | 30 November 2023 |
Rocking Deals Circular Economy IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹21 Cr – 1,500,000 shares |
| Fresh Issue | ₹21 Cr – 1,500,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹136 to ₹140 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 85,000 shares |
| Shareholding pre-issue | 4,159,000 |
| Shareholding post-issue | 5,659,000 |
| Listing Exchange | NSE SME |
Rocking Deals Circular Economy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Rocking Deals Circular Economy IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Rocking Deals Circular Economy Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 10.56 | 14.83 | 15.01 | 9.58 |
| Expenses | 10.67 | 15.15 | 13.13 | 7.89 |
| Net income | (0.01) | 0.14 | 1.54 | 1.25 |
Rocking Deals Circular Economy Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.04) | 0.39 | 4.20 |
| PE ratio | – | – | 32.38 – 33.33 |
| RONW (%) | (0.27) | 2.67 | 22.26 |
| NAV | 14.66 | 14.65 | 18.85 |
| ROCE (%) | 4.02 | 5.77 | 22.73 |
| EBITDA (%) | 5.90 | 2.06 | 17.10 |
| Debt/Equity | 0.76 | 0.75 | 0.57 |
Company Promoters
- Mr. Aman Preet
- Mrs. Kulbir Chopra
- Mrs. Avneet Chopra.
Promoter Holding
| Pre Issue Share Holding | 88.45% |
| Post Issue Share Holding | 65% |
Rocking Deals Circular Economy IPO Lead Manager(s)
CORPORATE CAPITALVENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 – 41824066
Email: smeipo@ccvindia.com
Website: www.ccvindia.com
Rocking Deals Circular Economy Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Rocking Deals Circular Economy Contact Details
ROCKINGDEALS CIRCULAR ECONOMY LIMITED
12/3, Milestone, Near Sarai Metro Station,
Mathura Road, Faridabad, Haryana 121003
Phone: +91 – 83760 36354
E-mail: compliance@rockingdeals.in
Website: www.rockingdeals.in
Rocking Deals Circular Economy IPO Allotment Status
Rocking Deals IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Rocking Deals Circular Economy IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
