Rocking Deals IPO: Key Details, Price Band, Issue Date, and More

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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