Zazz Technology News Today

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 categorys 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

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.

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