Incorporated in 2005, Rockingdeals specializes in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products.
The company offers a variety of services that enable other companies to easily dispose of their excess inventory, freeing up valuable space and resources. The process is designed to be seamless and transparent, benefiting both the seller and the buyer. This results in a win-win situation for all parties involved.
Rocking Deals has over 18 categories of Stock Keeping Units (SKU), which include electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparels & footwear (Zara, Nike, Campus, etc.), speakers (Boat, JBL, Gizmore), mobiles and mobile accessories (Lenovo, Boat, Gizmore, etc.), and various other products. These products are obtained from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, companies like GO Auto, Salora International, Zazz Technology Connect Private Limited, and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet the working capital requirements of the company. | — |
| Brand positioning, marketing, and advertisement. | — |
| General corporate purposes. | — |
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 1,437 | 1,227 | 1,397 |
| Revenue | 958 | 1,518 | 1,533 |
| PAT | 125 | 154 | 14 |
| Net Worth | 818 | 693 | 539 |
| Reserves | 451 | 681 | 527 |
| Total Borrowing | 373 | 393 | 406 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 700,000 (47%) | — |
| NII / HNI | — | 215,000 (14%) | — |
| Retail (RII) | — | 500,000 (33%) | — |
| Market Maker | — | 85,000 (6%) | — |
| Total | — | 1,500,000 (100%) | — |
* Amount calculated at upper price band (₹140) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Nov 2023
- 2 Credit of Shares to Demat 29 Nov 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 51x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹4.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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