Rockingdeals Circular Economy, an Indian Business-to-business recommerce company. announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge on Monday, September 25, 2023.
The company plans to offer up to 15,00,000 equity shares of face value Rs. 10/- each through the book-building process. The company has appointed Corporate Capital Ventures Pvt as Book Running Lead Manager to the Issue and Bigshare Services Pvt as the Registrar to the Issue.
Rockingdeals recently concluded its pre-IPO round comprising a preferential issue of 4,80,130 equity shares at an Issue Price of Rs 100/- per equity share. The company’s object of the issue includes working capital requirement, brand positioning, marketing and advertising, and general corporate purpose.
“We are delighted to reach yet another milestone and get closer to our mission of becoming a publicly listed company,” said Mr. Aman Preet, Promoter and Managing Director, RDCEL. “We started this venture to empower accelerating consumer aspirations of a price-conscious Bharat. During our journey, we have fortified the foundation in talent recruitment, vendor partnerships and presence across offline and online platforms. Now we are setting out to become a much larger player in an emerging yet high-growth industry and raising funds for the impending expansion and improving visibility for the company,” added Aman Preet.
RDCEL is among India’s largest organised players in the B2B sourcing space – specialising in unboxed, excess inventory, and refurbished products. The company sources products across 18 stock-keeping units (SKUs), including electrical appliances, apparel & footwear, speakers, mobile and mobile accessories.