Investors eagerly await the allotment results of the Rockingdeals Circular Economy Limited IPO, which is set to be unveiled today. To check how many shares have been allocated, applicants can review the basis of allotment and the IPO allotment status. Refunds for unsuccessful applicants will commence on Wednesday, November 29, while those allotted shares will witness their demat accounts being credited on the same day.
The anticipated listing date for the Rockingdeals IPO is Thursday, November 30, with a potential shift in dates if the company adopts T+3 norms.
For those who have applied for the Rockingdeals IPO, the allotment status can be promptly verified on the website of the IPO registrar, Bigshare Services Pvt Ltd.
Here’s a step-by-step guide to check the Rockingdeals IPO allotment status:
Step 1: Log in directly to the Bigshare link – https://ipo.bigshareonline.com/ipo_status.html
Step 2: Select “Rockingdeals Circular Economy IPO” under the company name section.
Step 3: Choose ‘Application No/CAF No or Beneficiary ID or PAN Number.’
Step 4: Click on ‘Search.’
Your Rockingdeals Circular Economy IPO allotment details will be displayed on your computer monitor or smartphone screen.
The Rockingdeals Circular Economy IPO, valued at ₹21 crore, comprises a fresh issue of 15,00,000 equity shares without an offer for sale (OFS) component, as per the Red Herring Prospectus (RHP). The net proceeds from the IPO are earmarked for general corporate purposes, brand positioning, marketing, advertising, and meeting working capital requirements.
The registrar for the Rockingdeals Circular Economy IPO is Bigshare Services Pvt Ltd, with Corporate Capitalventures Pvt Ltd serving as the book running lead manager. Ss Corporate Securities is the market maker for the IPO.
Rockingdeals Circular Economy Limited IPO witnessed strong demand during its subscription period, reaching a subscription status of 213.64 times on day 3. The IPO received significant interest from retail investors (201.42 times) and non-institutional buyers (458.60 times), while the QIB portion was subscribed 47.38 times.
As of the latest update, the grey market premium (GMP) for Rockingdeals Circular IPO stands at +70, indicating a premium of ₹70 in the grey market. Considering the upper end of the IPO price band and the current premium, the estimated listing price for Rockingdeals Circular shares is ₹210 apiece, representing a 50% increase over the IPO price of ₹140.
‘Grey market premium’ reflects investors’ willingness to pay more than the issue price