Stellar debut: Rockingdeals Circular Economy Limited share price opens at 114% premium at ₹300 on NSE SME | Mint
Active Stocks
Wed Feb 21 2024 15:59:55
  1. Tata Steel share price
  2. 143.85 1.99%
  1. Bharti Airtel share price
  2. 1,139.75 -0.38%
  1. State Bank Of India share price
  2. 771.55 1.51%
  1. Power Grid Corporation Of India share price
  2. 280.15 -2.71%
  1. ITC share price
  2. 403.30 -0.68%
Business News/ Markets / Ipo/  Stellar debut: Rockingdeals Circular Economy Limited share price opens at 114% premium at 300 on NSE SME
BackBack

Stellar debut: Rockingdeals Circular Economy Limited share price opens at 114% premium at ₹300 on NSE SME

Rockingdeals Circular Economy Limited shares make a stellar debut on NSE SME, listing at ₹300, 114.3% higher than the issue price.

Rockingdeals Circular Economy IPO shares list on NSE SME today.Premium
Rockingdeals Circular Economy IPO shares list on NSE SME today.

Rockingdeals IPO listing: Rockingdeals Circular Economy Limited share price made a stellar debut on NSE SME today. On NSE SME, Rockingdeals Circular Economy Limited share price was listed at 300, which is 114.3% higher than the issue price of 140. 

Rockingdeals Circular Economy IPO opened for subscription on Wednesday, November 22, and closed on Friday, November 24. Rockingdeals Circular IPO's price band was set in the range of 136 to 140. Investors could bid for a minimum of 1,000 shares and in multiples thereof.

Also Read: Tata Technologies Share Price Live Updates: Tata Tech shares to get listed at 10 am; analysts expect blockbuster debut

Rockingdeals specialises in wholesale trading of open-box, resale, refurbished, and excess inventory. With the help of the company's array of services, other businesses can quickly get rid of their extra inventory and free up important space and funds. Both the seller and the buyer stand to gain from the smooth and open process.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Rockingdeals Circular Economy IPO details

Rockingdeals Circular IPO, which is worth 21 crore, is completely a fresh issue of 15,00,000 equity share; there is no offer for sale (OFS) component, according to Red Herring Prospectus (RHP).

The company plans to use the net proceeds for general corporate purposes, brand positioning, marketing, and advertising, as well as to meet working capital requirements.

The registrar of the Rockingdeals Circular Economy IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Corporate Capitalventures Pvt Ltd. Ss Corporate Securities is the market maker for the Rockingdeals Circular Economy IPO.

Also Read: Rockingdeals Circular Economy IPO allotment finalised: Latest GMP, steps to check Rockingdeals IPO allotment status

Rockingdeals Circular Economy Limited IPO subscription status

Rockingdeals Circular Economy Limited IPO subscription status is 213.64 times on day 3. The issue received good response from retail investors who's portion set was subscribed 201.42 times, and a stellar response from non-institutional buyers who's portion set was subscribed 458.60 times, according to data on chittorgarh.com. QIB portion was booked 47.38 times.

Rockingdeals Circular Economy Limited IPO subscription status is 16.35 times on day 1. The issue was booked 54.46 times on day 2.

Also Read: Rockingdeals Circular IPO: Check latest GMP, subscription status on day 3, other key details

Rockingdeals Circular IPO GMP today

Rockingdeals Circular IPO GMP today or grey market premium is +90. This indicates Rockingdeals Circular Economy share price were trading at a premium of 90 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rockingdeals Circular share price is 230 apiece, which is 64.29% higher than the IPO price of 140.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Flair Writing IPO: What GMP signals after announcement of allotment status

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 Nov 2023, 10:14 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App