Rocking Deals IPO GMP, review, Date, Price, Allotment 2023

Rocking Deals IPO description – Rocking Deals  India Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 22, 2023

 

 

Rocking Deals IPO – Details

 

IPO Open Date 22 November 2023
IPO Close Date 24 November 2023
Issue Type Book Built Issue IPO
Issue Size 15,00,000 Shares Worth ₹21.00 Crore

Fresh Issue: 15,00,000 Shares Worth ₹21.00 Crore

Face Value ₹10 per equity share
IPO Price ₹136 – ₹140
Market Lot 1000 Shares
Minimum Order 1000 Shares (1 Lot)
Listing At NSE SME
Register Bigshare Services Pvt Ltd
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

 

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Rocking Deals IPO – Date Schedule

 

IPO Opening Date 22 November 2023
IPO Closing Date 24 November 2023
Finalization of Basis of Allotment 28 November 2023
Refunds Initiation 29 November 2023
Transfer of shares to demat accounts 29 November 2023
Listing Date of IPO 30 November 2023

 

Rocking Deals IPO
Rocking Deals IPO

 

 

Rocking Deals IPO – About Company 

 

Rocking Deals Circular Economy Limited is primarily engaged in bulk trading of excess inventory, open boxed inventory, re-commerce products, and refurbished products.

These products range in several categories such as small home appliances, apparel, kitchenware’s and household, speaker & mobile accessories, large appliances, footwear etc. These products are generally of various well-known brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.

Rocking Deals has over 18 categories of Stock Keeping Units (SKU), which include electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparels & footwear (Zara, Nike, Campus, etc.), speakers (Boat, JBL, Gizmore), mobiles and mobile accessories (Lenovo, Boat, Gizmore, etc.), and various other products. These products are obtained from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, companies like GO Auto, Salora International, Zazz Technology Connect Private Limited, and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.

The B2B segment constitutes a significant portion of the revenue, contributing 97.43% in FY 2022-23, 96.84% in FY 2021-22, and 99.94% in FY 2020-21. The clients include Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology etc.

 

Rocking Deals IPO – Industry Overview 

 

Re-commerce, or reverse supply chain, entails offering new products in exchange for old ones; reselling returned products; repairing defective products; or recycling or refurbishing used products. It has great significance in today’s times when there is growing awareness amongst businesses and consumers about the need to make environmentally responsible choices.

 

A report by Infogence Global Research estimated India’s re-commerce at USD 29.54 billion in 2022 and projected it to grow at a CAGR of 6.15 percent by 2027. Some of India’s leading online marketplaces, too, have taken to re-commerce for refurbished smartphones and appliances. The consumer trust and loyalty they have earned over the years now extends to their offerings of refurbished goods. These e-commerce players are driving better value realization and great experiences for consumers through technology-enabled features for easier accessibility, convenience, and affordability. 

 

The report points out that the used smartphone market is seeing better margins for retailers compared to the sale of new smartphones. In 2021 alone, India witnessed the purchase of over $15 billion worth of new smartphones online. With the number of smartphone users reaching the 550 million mark, it is estimated that, on average, a re-commerce app user sells more than two smartphones from each household when the need to upgrade to new devices rises, as per Red Seer’s research. 

 

Manufacturers and sellers of certain product types – automobiles, smartphones, electronic goods, and appliances in the lead – are embracing re-commerce for circularity and business growth. It is important to do so because e-waste, in particular, contains metals and components that are hazardous and can contaminate soil and water if not disposed of properly. The good thing is that much of this e-waste is recyclable. According to a Grant Thornton study, almost 31.5 million tonnes of electronics and appliances are discarded every year, of which many of the components can be recycled or reused.

 

Rocking Deals IPO – Financial Performance

  FY 2022 FY 2023 Q1 FY 2024
Revenue 14.83 15.01 9.58
Expenses 15.15 13.13 7.89
Net income 0.14 1.54 1.25

Figures in INR Crores

 

Rocking Deals IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (0.04) 0.39 4.20
PE ratio 32.38 – 33.33
RONW (%) (0.27) 2.67 22.26
NAV 14.66 14.65 18.85
ROCE (%) 4.02 5.77 22.73
EBITDA (%) 5.90 2.06 17.10
Debt/Equity 0.76 0.75 0.57

 

Rocking Deals IPO – Prospectus

 

Rocking Deals IPO – Competitive Strengths

  • Widespread Vendor Network.
  • Long Term Relationship with Clients and Repeat Business.
  • Experienced Promoters and Sound Operation Team.
  • Quality Assurance.

 

Object Of The Issue

  • Brand Positioning and Marketing & Advertisement.
  • Working Capital Requirements.
  • General Corporate Purpose.

 

Rocking Deals  IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
Coming soon

 

Rocking Deals IPO – Allotment Status

Rocking Deals  IPO allotment status will be available on the Bigshare Services’ Website. Click on this link to get allotment status.

Rocking Deals IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1000 1,40,000
Retail (Max) 1 1000 1,40,000
HNI (Min) 2 2000 2,80,000

2023-10-13 (4)

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