
Emerging SME Services · NSE
Incorporated in 2005, Rockingdeals specializes in bulk trading of excess, open-box, refurbished and re-commerce products. The company helps brands and distributors clear surplus inventory quickly and efficiently, creating a transparent win-win model for both sellers and buyers. Rockingdeals deals in more than 18 categories, including electrical appliances (LG, Havells, Syska, Panasonic, Usha, etc.), apparel and footwear (Zara, Nike, Campus), speakers (Boat, JBL, Gizmore), and mobile phones and accessories (Lenovo, Boat, Gizmore). Its product sources include e-commerce vendors of Snapdeal, affiliates of Flipkart and Amazon, as well as companies like GO Auto, Salora International and multiple dealers and distributors.
Price Band
₹136 – ₹140
Issue Size
₹21.00 Cr
Lot Size
1000 shares
GMP
+64.3%
Est. Listing
₹230
at current GMP
Subscribed
215.51x
overall
Open
22 Nov 2023
Close
24 Nov 2023
Allotment
28 Nov 2023
Refund
29 Nov 2023
Demat Credit
30 Nov 2023
Listing
30 Nov 2023
Designated Registrar: Bigshare Services Private Limited
Allotment Date
28 Nov 2023
Basis finalization
Refunds Initiate
29 Nov 2023
Mandate release
Demat Credit
30 Nov 2023
Shares in demat
Listing Debut
30 Nov 2023
Trading begins
Rocking Deals Circular Economy Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹21 Crores. The shares are offered at a price band of ₹136 to ₹140 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-30, while un-allotted funds or UPI block mandates will be released on 2023-11-29.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.