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Offering Rs 21 crore through 15 lakh shares, it was a pure fresh issue. The company plans to use the net proceeds for working capital needs and brand positioning, marketing, and advertising. ....
Rockingdeals Circular IPO, which was opened for public subscription between November 22 and November 24, received a whopping 312.64 times subscription. The retail portion of the issue was subscribed 201.42 times, and the non-institutional category s subscription rate stood at 459 times. The allocation for QIPs was booked 47.4 times. ....
As a result of this overwhelming response to the IPO, the share is already demanding a 30% premium on the issue price of Rs 136-140/share in the grey market ....
Rockingdeals IPO opens today, Anchor Book fully subscribed equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The company plans to raise Rs 21 crore through fresh issue of shares. It plans to raise a portion of this from qualified institutional investors under the anchor allotment scheme. The anchor placement will take place on November 21. Faridabad-based Rockingdeals is a B2B sourcing platform for unboxed, certain refurbished, and excess inventory products across the consumer retail space. ....