Rockingdeals Circular Economy Limited

Company Profile
Company Name Rockingdeals Circular Economy Limited
Open Date 22-11-2023
Close Date 24-11-2023
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹136 to ₹140 per share
Issue Size 15,00,000 shares
Application Amount ₹ 1,40,000
Recommendation Avoid
Rocking Deals Circular Economy Limited was originally incorporated in the year 2002 and has its registered office in Gadaipur Southwest Delhi.The Company primarily a B2B re-commerce player.The company 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 and household, speaker & and mobile accessories, large appliances, footwear etc. As of 14th November 2023, the Company had 18 employees on its payroll.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Mar-23 Jun-23
Total Assets 1,863.09 1,397.27 1,226.60 1,437.45
Net Assets 539.48 538.97 693.31 818.46
Total Borrowings 411.85 406.10 393.20 372.81
Total Revenue 1,069.62 1,533.08 1,517.53 958.15
Profit After Tax -1.48 14.37 154.34 125.15

Tentative Timeline

Opening Date 22-11-2023
Closing Date 24-11-2023
Basis of Allotment 28-11-2023
Initiation of Refunds 29-11-2023
Credit of Shares to Demat 29-11-2023
Listing Date 30-11-2023

Objects of the Issue

Working Capital Requirement.
Brand Positioning Marketing and Advertisement.
General Corporate Expenses.

Contact Information

Registered Office Rockingdeals Circular Economy Limited - Shop Kh No 424 Basement, Ghitorni, Gadaipur, South West Delhi-110030.
Phone 91 – 83760 36354

Registrar Details

Name Bigshare Services Pvt Ltd
Phone 91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 88.45%
Share Holding Post Issue (Promoters) 65.00%

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