Rocking Deals IPO GMP: Rocking Deals Circular Economy IPO GMP Today

Rocking Deals Circular Economy Limited is set to launch its SME IPO on the NSE Emerge platform with a total issue size of Rs 21.00 Cr, comprising 100% fresh issue. The face value of each share is Rs 10, and the IPO subscription period will be from November 22 to November 24, 2023. To participate in this IPO, investors must purchase at least one lot of 1000 shares or multiples thereof within the price band of Rs 136 to Rs 140.

Also Read: Rocking Deals Circular Economy Limited IPO Details

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One key metric that investors keenly observe in the run-up to an IPO is the Grey Market Premium (GMP). In this blog, we will delve into the details of Rocking Deals Circular Economy IPO GMP, its significance, and other relevant information.

Rocking Deals IPO GMP

As of 30 Nov, 2023, the Grey Market Premium (GMP) for Rocking Deals Circular Economy IPO stands at ₹90. With a price band of ₹140.00, the estimated listing price for the IPO is ₹230 (calculated as the cap price plus today’s GMP). This implies an expected percentage gain/loss per share of 64.29%.

Here’s a table illustrating the GMP movement: [Last Updated: 30 Nov, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
30-11-2023140.00₹90 68400₹230 (64.29%)
29-11-2023140.00₹90 68400₹230 (64.29%)
28-11-2023140.00₹83 63100₹223 (59.29%)
27-11-2023140.00₹70 53200₹210 (50.00%)
26-11-2023140.00₹65 49400₹205 (46.43%)
25-11-2023140.00₹6045600₹200 (42.86%)
24-11-2023140.00₹5541800₹195 (39.29%)
23-11-2023140.00₹5541800₹195 (39.29%)
22-11-2023140.00₹5541800₹195 (39.29%)
21-11-2023140.00₹5541800₹195 (39.29%)
20-11-2023140.00₹5541800₹195 (39.29%)
19-11-2023140.00₹0₹140 (0%)
18-11-2023140.00₹0₹140 (0%)

Also See: All IPO GMP Price Today

Understanding IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) represents the price at which an IPO is traded unofficially and without regulation in the grey market before its official listing on the stock exchange. GMP is an indicator of how the market anticipates the IPO will perform on its listing day.

  • Positive GMP: A positive GMP suggests that the IPO is expected to list at a premium, indicating potential profits for investors.
  • Negative GMP: A negative GMP indicates that the IPO might list at a discount, which may result in losses for investors.

It is crucial to note that GMP is highly volatile and not officially recognized. Therefore, making investment decisions solely based on GMP can be risky. Investors should consider various factors and conduct thorough research before deciding whether to invest in Rocking Deals Circular Economy SME IPO or any other IPO.

Also See: Upcoming IPO in India

About Rocking Deals Circular Economy

Rocking Deals Circular Economy Ltd. is primarily a B2B recommerce company established in 2005. The company specializes in the wholesale of remnants, stock, re-commerce products, and remanufactured products across various categories, including small household appliances, clothing, kitchen and home appliances, speakers, cell phone accessories, large appliances, shoes, and more. These products feature renowned brands such as Samsung, Thomson, MI, LG, ZARA, Nike, Sony, JBL, Boat, and more.

As a B2B platform, Rocking Deals sources products in bulk from distributors like Inalsa and Khaitan and supplies them to customers such as Jindal Mega Mart, Brand Wala, and VLE Bazaar Private Limited, among others. The products offered include surplus stock, unpackaged/open packaged products, used products, refurbished products, export surpluses, demonstration appliances, and electronic scrap.

Strengths of Rocking Deals Circular Economy SME IPO

  1. Professional Management: The company is professionally managed, ensuring efficient operations.
  2. Vendors Network: Rocking Deals has a widespread network of vendors, enhancing its supply chain capabilities.
  3. Warranty Policy: The company is not obligated to provide warranties, potentially reducing operational costs.
  4. In-House Service Center: For minor repairs, Rocking Deals maintains an in-house service center.
  5. Strong Brand Image: The company has established a strong brand image and high customer recall.

For more information about Rocking Deals Circular Economy SME IPO, you can visit their website at https://www.rockingdeals.in/.

Rocking Deals Circular Economy IPO Dates

Here are the important dates related to the Rocking Deals Circular Economy SME IPO:

  • IPO Open Date: November 22, 2023
  • IPO Close Date: November 24, 2023
  • Basis of Allotment Finalization Date: November 28, 2023
  • Refunds Initiation Date: November 29, 2023
  • Credit of Shares to Demat Account: November 29, 2023
  • IPO Listing Date: November 30, 2023

Also Read: All Upcoming IPO Details

Rocking Deals IPO

Conclusion

Investing in an IPO requires careful consideration of various factors, and the Grey Market Premium (GMP) is just one of them. While GMP can provide insights into market sentiment, it should not be the sole basis for investment decisions. It is essential to conduct thorough research, assess the company’s fundamentals, and consult with financial experts before making any investment choices. Rocking Deals Circular Economy SME IPO presents an opportunity for investors, and with the right information and analysis, you can make informed investment decisions.

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