Rocking Deals IPO: Here’s all you need to know about price band, issue date, GMP and other details

The Rocking Deals Circular Economy initial public offering (IPO) will open for bidding on November 22nd and close on November 24th. The B2B re-commerce company announced the price band for its IPO at 136 – 140, with a face value of 10 per share and a market lot of 1000 shares.

Specializing in the wholesale trade of surplus inventory, open-box goods, re-commerce products, and refurbished goods, the company aims to raise 21 crore through the IPO. This fundraising effort is a fresh issue of shares only.

The minimum lot size for application is 1000 Shares. It is the minimum investment amount required by retail investors 140,000. The minimum investment amount for HNI is 2 lots (2,000 shares). 280,000.

Rocking Markets Circular Economy Ltd, established in 2005, is a leader in the B2B re-commerce sector. The company specializes in the wholesale trade of surplus inventory, open-box items, remarketing products, and refurbished items, as explained in the following section.

Rocking Deals shares will be listed on the NSE Emerge. The IPO comprises a fresh issue of equity shares of up to 15 lakh equity shares with a face value 10 each through the book building process.

“We are delighted to achieve another milestone and come closer to our mission of becoming a publicly listed company,” said RDCEL Founder and Managing Director Aman Preet.

Rocking Deals Circular Economy IPO Details

Date of issue: The IPO will open for subscription on November 22 and close on November 24.

Share price: The price band of the IPO is set at 136 – 140, with a market lot of 1000 shares.

Amount of issue: The aim of the company is to rise above 21 crore through the IPO.

Use of Net Proceeds: The proceeds of the issue will be used towards working capital requirements, brand positioning, marketing, advertising and general corporate purpose.

Book Run Managers: Corporate Capital Ventures Pvt Ltd is the lead book-running manager of the IPO.

Subscribing to: The shares of Rocking Deals will be listed on the NSE Emerge.

GMP: Rocking Deals shares in gray market premium (GMP) are available at 0%, which means that the IPO shares are available at the same price as the issue price ie 140 per share.

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Updated: 19 November 2023, 03:38 PM IST

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