Rockingdeals Circular Economy Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Rockingdeals Cir

CMP

603.70

+44.00 (7.86%)

  • DRHP
₹140

Offer Price

₹ 21.00 Cr

Issue Size

₹ 1,40,000

Min Investment

1,000

Lot size

Time Line

  • 22
    Nov 2023
    Open
  • 24
    Nov 2023
    Close
  • 28
    Nov 2023
    Finalisation of Basis of Allotment
  • 29
    Nov 2023
    Initiation of Refunds
  • 29
    Nov 2023
    Transfer of Shares to Demat Account
  • 30
    Nov 2023
    Listing Date

Objects of the Offer

  • Maintaining Edge over competitors by introducing new categories of products

  • Its Classification Centre.

  • Customer Relationship Management Initiative.

  • Targeting Middle Class.

  • Sustainable & Circular Economy.

Strengths

  • Widespread Vendor Network.

  • Experienced Promoters and Sound Operation Team.

  • Long Term Relationship with Clients and Repeat Business.

  • Quality Assurance.

Risks

  • The Company has given Corporate Guarantees of Rs. 565.92 Lakh as on June 30, 2023 in respect to the credit facilities taken by its promoter group company. The company cannot assure that there will be no default done by its promoter group entity in the future.

  • Its may continue to derives a material portion of the company revenue from its top five customers, which include Rockingdeals Private Limited/ Harkrishanji Products Private Limited/ Rockingdeals (HYD) Private Limited (Its Promoter Group Companies). Any loss of business from one or more of top 5 customer may adversely affect its revenues and profitability.

  • Majority of its state wise revenues from operations for the last 3 years is dependent majorly on Haryana. Any adverse developments affecting its operations in these states could have an adverse impact on the company revenue and results of operations.

  • The Company procure the product from various brands or external vendors for sourcing the product requirements. Also, the company does not have long-term agreements with its suppliers and an inability to procure the desired quality, quantity of its products at acceptable prices, may adversely affect the company business, profitability and reputation.

  • There is risk of Forward or Downward Integration by its supplier to directly start selling their products to the end customer or its clients.

Company Promoters

Promoters Holding

Issue For IPO
23.45%
Pre Holding

88.45%

Post Holding

65.00%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 10.56 (-) 14.83 (40.40%) 15.01 (1.20%)
Gross Profit 10.56 (-) 14.83 (40.40%) 15.01 (1.20%)
Net Income 10.56 (-) 14.83 (40.40%) 15.01 (1.20%)
Assets 10.56 (-) 14.83 (40.40%) 15.01 (1.20%)
Liabilities 10.56 (-) 14.83 (40.40%) 15.01 (1.20%)

Book Running Managers

  • Corporate Capitalventures Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Shop Kh No 424 Basement -,
Ghitorni Gadaipur South West,
Delhi - 110030
Phone : +91-83760 36354 Email : compliance@rockingdeals.in www.rockingdeals.in

Offer Related Information

Public issue of 15,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Rockingdeals Circular Economy Limited (the "Company" or the "Issuer") for cash at a price of Rs. 140 per equity (the "Issue Price") aggregating to Rs. 21.00 crores ("The Issue") comprising of a fresh issue of 15,00,000 equity shares aggregating to Rs. 21.00 crores (the "Fresh Issue") of which 85,000 equity shares aggregating to Rs. 1.19 crores will be reserved for subscription by market maker to the issue... More

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