Among the most significant organised players offering sourcing solutions across unboxed, excess inventory, and refurbished products to prominent vendors across the country
Seeks to capitalise on the next 10% of aspiring Bharat consumers – transforming the Indian retail demand story
Offers 18 categories of Stock Keeping Units (SKUs), including electrical appliances, apparel & footwear, speakers, mobile and mobile accessories, and various other products
Partnerships with marquee brands and platforms, including Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, Zara, Nike, Campus, Boat, JBL, Gizmore, Lenovo, Snapdeal, Shopclues and affiliates of Flipkart and Amazon, for sourcing surplus inventory and open-box products
Issue size comprises of issuance of up to 15,00,000 Equity Shares of face value of ₹ 10/- each
Objects of the issue include working capital requirement, brand positioning, marketing and advertising, as well as general corporate purpose
Delhi, 25th September, 2023: Rockingdeals Circular Economy, a leading Indian B2B re-commerce player, today announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. 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. Ltd. as Book Running Lead Manager to the Issue and Bigshare Services Pvt. Ltd. as the Registrar to the Issue.
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. The company has partnered with marquee brands and platforms, including Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, Zara, Nike, Campus, Boat, JBL, Gizmore, Lenovo, Snapdeal, Shopclues and affiliates of Flipkart and Amazon, for sourcing surplus inventory and open-box products. Besides, RDCEL has also partnered with companies like GO Auto, Salora International, Zazz Technology Connect Private Limited, and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises etc.
Rockingdeals Circular Economy Limited (RDCEL) a part of the Faridabad-headquartered Rockingdeals Group, which commands presence across the B2B sourcing to B2C retailing. The company was founded by Mr. Aman Preet, a first-generation entrepreneur who pioneered the concept of the ‘organised seconds’ category in mobile phones more than a decade ago. Presently he is the Managing Director of the company. RDCEL is the sole sourcing partner for Rockingdeals Retail network and, in addition, also sells its products to other large and small vendors in the country.
“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.
The company recently concluded its pre-IPO round comprising a preferential issue of 4,80,130 Equity Shares at an Issue Price of INR 100/- per equity share. The company’s object of the issue includes working capital requirement, brand positioning, marketing and advertising, and general corporate purpose.
Re-commerce, or reverse supply chain, entails offering new products in exchange for old ones, reselling returned products, repairing defective products, or recycling or refurbishing used products. It has great significance in today’s times when there is growing awareness amongst businesses and consumers about the need to make environmentally responsible choices. A report by Infogence Global Research estimated India’s re-commerce at USD 29.54 billion in 2022 and projected it to grow at a CAGR of 6.15 per cent by 2027.
For more information, please visit: www.rockingdeals.in
