The shares of small-cap company Rockingdeals Circular were traded on the stock exchange on the first day of listing, showing a remarkable entry in the stock market. The company’s shares were listed at a price of INR 300 with a premium of 114.29%. The IPO shares of the company were allotted at a price of INR 140, and investors have now earned a profit of INR 160 per share after listing. On Friday, 1 December 2023, the Rockingdeals share was trading at INR 299.25 with a decrease of 5.00%.
Rockingdeals Circular has doubled its investors’ money on its first day of trading. After listing on the stock exchange, the company’s shares reached INR 315, which was a 5% increase compared to the issue price of INR 175. The IPO of Rockingdeals Circular had set a price band of INR 136-140 and was open for investment on 22 November 2023. The IPO subscription was oversubscribed by 213 times, with the retail investor quota being oversubscribed by 201.42 times. The reserved quota for non-institutional investors was oversubscribed by 458.60 times, and the reserved quota for qualified institutional buyers was oversubscribed by 47.38 times. Retail investors were only able to purchase one lot, which consisted of 1,000 shares, by depositing INR 140,000.
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- Rockingdeals Share Price:
- Small cap company Rockingdeals Circular’s shares were traded on the first day of listing for shareholders.
- The company’s shares made a fantastic entry in the stock market at a price of Rs 300, with a premium of 114.29%.
- The IPO shares of Rockingdeals Circular were allocated at a price of Rs 140.
- After listing, investors have gained a profit of Rs 160 per share.
- On Friday, 1 December 2023, the share was trading at Rs 299.25, with a 5.00% decrease.
- The company’s shares doubled the investment of its shareholders on the first day of listing.
- After listing, the share price of the company reached Rs 315, a 5% increase compared to the issue price.
- Rockingdeals Circular Company’s IPO had a price band of Rs 136-140.
- The IPO was open for investment from 22 November 2023 and closed on 24 November 2023.
- The company’s shares are listed on the NSE SME Exchange.
- The IPO of Rockingdeals Circular was oversubscribed by 213 times.
- The reserved quota for retail investors in the IPO was oversubscribed by 201.42 times.
- The non-institutional investors’ reserved quota was 458.60 times higher.
- The reserved quota for qualified institutional buyers was oversubscribed by 47.38 times.
- Retail investors could only purchase 1 lot in the IPO.
- The company had only 1,000 shares in one lot.
- Retail investors had to deposit Rs 140,000 to purchase one lot.
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