Rocking Deals IPO: Find out everything you need to know about price range, issue date, GMP and other details

Rocking Deals Circular Economy’s initial public offering (IPO) will open for bidding on November 22nd and close on November 24th. The B2B re-commerce company announced the price range for its IPO ₹136 – ₹140, with a face value of ₹10 per share and market quantity of 1000 shares.

The company specializes in bulk trading of overstock, unpackaged items, re-commerce products and refurbished goods and aims to increase sales ₹21 crore through the IPO. This fundraising campaign is exclusively a new issue of shares.

The minimum lot size for an application is 1000 shares. The minimum investment amount required by private investors is ₹140,000. The minimum investment size for HNI is 2 lots (2,000 shares) worth ₹280,000.

Founded in 2005, Rockige Deals Circular Economy Ltd is a leading player in the B2B re-commerce sector. The company specializes in the bulk trading of overstock, unpackaged items, re-commerce products and refurbished goods, as discussed in more detail in the following section.

Rocking Deals shares are listed on NSE Emerge. The IPO involves fresh issue of shares worth up to 15 lakh shares of par value ₹10 each through the bookbuilding process.

“We are excited to achieve another milestone and move closer to our mission of becoming a listed company,” said RDCEL promoter and managing director Aman Preet.

Details about the circular economy IPO from Rocking Deals

Issue date: The IPO will open for subscription on November 22nd and close on November 24th.

Share price: The price range of the IPO is fixed ₹136 – ₹140, with a market quantity of 1000 shares.

Problem size: The company is seeking a capital increase ₹21 crore through the IPO.

Use of net proceeds: Proceeds from the issue will be used for working capital requirements, brand positioning, marketing, advertising and general corporate purposes.

Book a running manager: Corporate Capital Ventures Pvt Ltd is the underwriter of the IPO.

Listing on: Rocking Deals shares will be listed on NSE Emerge.

GMP: Rocking Deals shares in the Gray Market Premium (GMP) are available at 0%, which means that the shares in the IPO are available at the same price as the issue price, i.e. H ₹140 per share.

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