Unlocking Value: Rockingdeals Rolls Out Rs. 50 Crore Rights Issue with Attractive Partly Paid Shares

Updated: October 08, 2025 23:04

Image Source: IPOWatch

Rockingdeals Circular Economy Ltd has approved a Rs. 50 crore rights issue of 28.3 lakh partly paid shares at Rs. 160 each, offering existing shareholders 1 rights share per 2 held. The issue opens after the record date of October 13, 2025, aiming at equity capital enhancement and business expansion.

Rockingdeals Circular Economy Ltd has greenlit a rights issue to raise up to Rs. 50 crore by issuing partly paid equity shares to existing shareholders. The company’s Board of Directors approved this move at meetings held on September 30 and October 8, 2025, paving the way for eligible shareholders to subscribe to the new shares.

Key highlights of the Rights Issue planned include:

Instrument: Partly paid-up equity shares with Rs. 5 paid-up on the face value of Rs. 10 per share.
Number of shares on offer: 28,29,500 partly paid-up equity shares.
Issue price: Rs. 160 per share, including a premium of Rs. 150.
Payment Terms: Rs. 80 per share payable on application (Rs. 5 face value + Rs. 75 premium), and the remaining Rs. 80 due in one or more subsequent calls as determined by the Board.
Total Issue Size: The entire rights issue amounts to Rs. 45.27 crore; on the partly paid basis at application stage, the amount comes to Rs. 22.63 crore assuming full subscription.
Rights Entitlement Ratio: Shareholders are entitled to subscribe to 1 rights equity share for every 2 shares held as on the record date.
Record Date: October 13, 2025, is fixed for determining eligible shareholders.
Outstanding Shares: Before the rights issue, the company has 56.59 lakh equity shares; after successful subscription and call payments, this will rise to 84.88 lakh shares.
The company will credit the rights entitlement in dematerialized form in shareholders’ accounts through NSDL and CDSL.

Rockingdeals Circular Economy Ltd focuses on B2B re-commerce and bulk trading of excess, open-box, and refurbished inventory across product categories including appliances, apparel, electronics, and lifestyle items. This rights issue is intended to strengthen the company’s equity base and fund growth initiatives. More details on fractional entitlements and issue schedules will be provided in the forthcoming Letter of Offer.

Sources: Official Company Announcements, NSE, Market Screener, Business Standard.

Stay Ahead – Explore Now! Regulatory Storm for Jagsonpal Pharmaceuticals: Customs Order and FDA Warning Letter