Rocking Deals IPO: Here’s all you need to know about price band, issue date, GMP and other details

Specializing in bulk trading of surplus inventory, open-boxed items, re-commerce products, and refurbished goods, the company aims to raise ₹21 crore through the IPO. This fundraising effort exclusively involves a fresh issue of shares. 

The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.

Rocking deals Circular Economy Ltd, established in 2005, is a leading player in the B2B re-commerce sector. The company specializes in bulk trading of excess inventory, open-boxed items, re-commerce products, and refurbished goods, as elaborated in the following section.

The shares of Rocking Deals will be listed on the NSE Emerge. The IPO comprises a fresh issue of equity shares of up to 15 lakh equity shares with a face value ₹10 each through the book-building process.

“We are delighted to reach yet another milestone and get closer to our mission of becoming a publicly listed company,” RDCEL Promoter and Managing Director Aman Preet said.

Rocking Deals Circular Economy IPO details

Issue Date: The IPO will open for subscription on November 22 and will close on November 24.

Share Price: The price band of the IPO is fixed at  ₹136 –  ₹140, with a market lot of 1000 shares.

Issue Size: The company aims to raise over  ₹21 crore through the IPO. 

Utilization of Net Proceeds: Proceeds from the issue will be utilised towards working capital requirement, brand positioning, marketing, advertising, and general corporate purpose.

Book Running Managers: Corporate Capital Ventures Pvt Ltd is the book-running lead manager of the IPO.

Listing On: The shares of Rocking Deals will be listed on the NSE Emerge. 

GMP: The shares of Rocking Deals in grey market premium (GMP) is available at 0%, which means the shares of the IPO is available at the same price as the issue price i.e ₹140 per share.

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Updated: 19 Nov 2023, 03:38 PM IST