About Rockingdeals Circular Economy Limited
Rockingdeals Circular Economy is launching its IPO. The opens for subscription on 22nd November and will close on 24th November 2023.
Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.
What does Rockingdeals Circular Economy Limited do?
Incorporated in 2005, Rockingdeals is primarily a B2B re-commerce player 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 & mobile accessories, large appliances, footwear, etc. of various well-known brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.
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.
The USP of the business model lies in the final discount which is unmatchable with any of the manufacturers, companies, or distributors and targets consumers who are looking for high-quality products but may not be able to afford brand-new products at their original prices.
Schedule of Rockingdeals Circular Economy Limited IPO
| Issue Period | 22nd November to 24th November 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | November 28, 2023 |
| Initiation of Refunds | November 29, 2023 |
| Credit of Shares | November 29, 2023 |
| Date of Listing | November 30, 2023 |
| Mandate end date | December 9, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | December 28, 2023 |
| Anchor Investors Lock-In End Date (Remaining investment) | February 26, 2024 |
How to apply to the Rockingdeals Circular Economy Limited IPO?
You can apply for the Rockingdeals Circular Economy Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Rockingdeals Circular Economy Limited IPO?
You can check the allotment status for the Rockingdeals Circular Economy Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.