Rocking Deals Circular Economy IPO - Opens on 22 November Price Band Fixed at Rs 136-140 per Share

MUMBAI, 18 NOVEMBER, 2023 (AMN): Rocking Deals Circular Economy is primarily a B2B re-commerce player that started operations in 2005. The company is primarily engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products.

The company’s products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear etc. The 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.

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.

Promoters of Rocking Deals Circular Economy –Mr. Aman Preet, Mrs. Kulbir Chopra, and Mrs. Avneet Chorpa

As of 30 June 2023, the company has over 18 categories of Stock Keeping Units (SKU) i.e., electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparel & footwear (Zara, Nike, Campus, etc), speaker (Boat, JBL, Gizmore), mobile and mobile accessories (Lenovo, Boat, Gizmore, etc) and various other products which the company procures from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, etc; companies like GO Auto, Salora International, Zazz Technology Connect Private Limited; and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.

Rocking Deals IPO Details

Rocking Deals IPO Dates	22 – 24 November 2023
Rocking Deals Circular IPO Price	INR 136 – 140 per share
Fresh issue	15,00,000 shares (INR 20.4 – 21 crore)
Offer For Sale	Nil
Total IPO size	15,00,000 shares (INR 20.4 – 21 crore)
Minimum bid (lot size)	1,000 shares (INR 140,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE SME