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The eagerly anticipated finalization of share allotment for the Rockingdeals Circular Economy IPO, with a fresh issue size valued at ₹21 crores, is expected today. This follows a highly successful subscription period that saw the retail category oversubscribed by more than two hundred times, Qualified Institutional Buyers (QIBs) by nearly fifty times, and Non-Institutional Investors (NIIs) by an astonishing four hundred fifty times.
The IPO, which aimed to raise ₹21 crore (INR10 crore = approx. USD1.2 million), offered shares within a price range of ₹136 to ₹140 each. The lot size set for individual investors was one thousand shares. The overwhelming response from various investor categories highlights the market’s strong interest in Rockingdeals Circular Economy Limited, a company that has positioned itself within the burgeoning circular economy sector.
The shares of Rockingdeals Circular Economy Limited are set to make their debut on the NSE SME platform on Thursday, November 30, marking a significant milestone for the company.
The key dates that were part of the IPO process included the opening of the subscription on November 22, the closing on November 24, the initiation of refunds on November 29, and the crediting of shares to Demat accounts scheduled for the same day prior to the listing.
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