
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
Overall Subscription
215.51x
Total Demand
QIB Multiplier
47.38x
Institutions & Funds
NII / HNI
459.11x
High Net-Worth
Retail (RII)
204.92x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 280,000 | 13,266,000 | 47.38x |
| NIB | 215,000 | 98,709,000 | 459.11x |
| RETAIL | 500,000 | 102,459,000 | 204.92x |
| Total | 995,000 | 214,434,000 | 215.51x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 525 | 107,583 | 204.92x |
| HNIs (10L +) | 3 | 1,377 | 459.11x |
| HNIs (2-10L) | 16 | 7,346 | 459.11x |
| Total Applications | 544 | 116,306 | 213.80x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Rocking Deals Circular Economy Limited IPO is ₹90 per equity share. Based on the upper price band of ₹136 to ₹140 per equity share, the estimated listing price is ₹230 (+64.3% expected listing gain).
With a lot size of 1000 shares and current GMP of ₹90, the expected profit per application lot is approx ₹90,000 (+64.3% gain). Minimum application cost is approx ₹1,40,000.
The Rocking Deals Circular Economy Limited IPO aggregate issue size is ₹21 Crores with an equity price band set at ₹136 to ₹140 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 215.51x (Retail: 204.92x, QIB: 47.38x, NII: 459.11x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-11-28. Investors can verify status using PAN card or application number.
Rocking Deals Circular Economy Limited shares are scheduled to list on NSE on 2023-11-30.