Rocking Deals Circular Economy is set to launch its initial public offering (IPO) for bidding from November 22 to November 24. The B2B re-commerce company has disclosed a price band of ₹136 to ₹140 per share, with a face value of ₹10 per share and a market lot of 1000 shares.
Specializing in bulk trading of surplus inventory, open-boxed items, re-commerce products, and refurbished goods, Rocking Deals aims to raise ₹21 crore through this IPO, exclusively through a fresh issue of shares.
The minimum lot size for retail investors is 1000 shares, requiring a minimum investment of ₹140,000, while HNIs need to invest in 2 lots (2000 shares), amounting to ₹280,000.
Established in 2005, Rocking Deals Circular Economy Ltd is a key player in the B2B re-commerce sector, focusing on bulk trading of excess inventory and refurbished goods.
The IPO shares of Rocking Deals will be listed on the NSE Emerge and comprise a fresh issue of up to 15 lakh equity shares with a face value of ₹10 each through the book-building process.
Key IPO Details:
- Issue Date: November 22 to November 24.
- Share Price: ₹136 – ₹140, with a market lot of 1000 shares.
- Issue Size: Aiming to raise over ₹21 crore.
- Utilization of Net Proceeds: Working capital, brand positioning, marketing, advertising, and general corporate purposes.
- Book Running Managers: Corporate Capital Ventures Pvt Ltd.
- Listing On: NSE Emerge.
Additionally, the Grey Market Premium (GMP) for Rocking Deals IPO stands at 0%, indicating that shares are available at the same price as the issue price, i.e., ₹140 per share.
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