{"id":244,"date":"2023-11-20T10:57:35","date_gmt":"2023-11-20T10:57:35","guid":{"rendered":"https:\/\/smemitra.com\/?p=244"},"modified":"2023-11-22T04:05:43","modified_gmt":"2023-11-22T04:05:43","slug":"rockingdeals-circular-economy-sme-ipo","status":"publish","type":"post","link":"https:\/\/smemitra.com\/index.php\/2023\/11\/20\/rockingdeals-circular-economy-sme-ipo\/","title":{"rendered":"Rockingdeals Circular Economy &#8211; SME IPO"},"content":{"rendered":"\n<p>Rockingdeals specializes in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products. Rocking Deals has over 18 categories of Stock Keeping Units (SKU), which include electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparel &amp; footwear (Zara, Nike, Campus, etc.), speakers (Boat, JBL, Gizmore), mobiles and mobile accessories (Lenovo, Boat, Gizmore, etc.), and various other products. These products are obtained from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, companies like GO Auto, Salora International, Zazz Technology Connect Private Limited, and dealers &amp; distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">IPO Review<\/h5>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Parameters<\/th><th class=\"has-text-align-right\" data-align=\"right\">Score (0-5)<\/th><th>Comments<\/th><\/tr><tr><td>Promotors\/Sr. Management &amp; Work Ethics<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Well experienced promotors. A few open tax proceedings and open criminal cases, as per the RHP.<\/td><\/tr><tr><td>Company Financials<\/td><td class=\"has-text-align-right\" data-align=\"right\">2<\/td><td>Well-experienced promotors. A few open tax proceedings and open criminal cases, as per the RHP.<\/td><\/tr><tr><td>Segment Growth Opportunity<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>No moat and highly competitive business, so doesn&#8217;t enjoy high margin. Moderate growth is expected for the sector.<\/td><\/tr><tr><td>Asking Valuation (compared with Peers)<\/td><td class=\"has-text-align-right\" data-align=\"right\">2<\/td><td>Asking PE is ~51x, peers in the range of ~45-17x. Considering the financials, the asking valuation seems to be on the higher side.<\/td><\/tr><tr><td>Lead Manager&#8217;s past performance<\/td><td class=\"has-text-align-right\" data-align=\"right\">5<\/td><td>Avg 46% listing day gain for past 15 IPOs.<\/td><\/tr><tr><td><strong>Consolidated Score<\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>2.9<\/strong><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Disclaimer <\/strong>&#8211; This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rockingdeals specializes in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products. Rocking Deals has over 18 categories of Stock Keeping Units (SKU), which include electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparel &amp; footwear (Zara, Nike, Campus, etc.), speakers (Boat, JBL, Gizmore), mobiles and mobile accessories (Lenovo, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[9],"tags":[11,12,10],"class_list":["post-244","post","type-post","status-publish","format-standard","hentry","category-iporeview","tag-ipo","tag-review","tag-sme"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/comments?post=244"}],"version-history":[{"count":2,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/244\/revisions"}],"predecessor-version":[{"id":248,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/244\/revisions\/248"}],"wp:attachment":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/media?parent=244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/categories?post=244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/tags?post=244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}