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Rockingdeals Circular Economy Limited IPO Review

Rockingdeals Circular Economy Limited IPO was engaged in Rockingdeals Circular Economy Ltd., which has been in the game since 2005, focusing on business-to-business e-commerce. They specialize in large-scale trading of surplus stock, open-box items, and both re-commerce and refurbished products. They like to cover all bases when it comes to selling their products, both in physical stores and online. They have got distributors in different states who sell their stuff through various retailers.  

Rockingdeals Circular Economy Limited IPO comes to online sales directly to customers, you can find them on the Shopclues e-commerce platform. With their business setup, customers can snag great deals and save money by buying products at lower prices. It is a real win, especially for folks who want top-notch items but might find brand-new prices a bit steep. Their Business Strategy is to maintain Edge over competitors by introducing new categories of products, Their Classification Centre, Customer Relationship Management Initiative, Targeting the Middle Class, Sustainable and Circular Economy, leveraging their Market skills and Relationships, and focusing on quality. 

Rockingdeals Circular Economy Limited Products and Services

Rockingdeals Circular Economy Limited Products and services have a wide variety of products in different categories like small home gadgets, clothes, kitchen stuff, speakers, mobile accessories, big appliances, and shoes. You will find popular brands like Samsung, Thomson, MI, LG, Symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, and more in their collection.

They get all those products in large quantities from different dealers like Inalsa, Khaitan, and more. Then, they deliver them in bulk to clients such as Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology, and also to their sister companies like Rockingdeals Private Limited, Rockingdeals (HYD) Private Limited, and Harkrishanji Products Private Limited. Their Competitive Strengths are B2B Partner/Vendor Channe, Experienced Promoters and Professional Management Team, Diverse Product Portfolio and Quality Services.

Financial Overview

The company competes fiercely in the B2B re-commerce world, dealing with excess inventories. Even though the overall revenue stayed the same, the increased profit is catching attention and sparking worries about whether it can keep it up. Looking at the projected super earnings for the fiscal year 2024, it seems like the stock is priced quite high. It might be a good idea to pass on this expensive gamble.