Rockingdeals Circular Economy Ltd IPO

The Company has given Corporate Guarantees of Rs. 565.92 Lakh as on June 30, 2023 in respect to the credit facilities taken by its promoter group company. The company cannot assure that there will be no default done by its promoter group entity in the future.

Its may continue to derives a material portion of the company revenue from its top five customers, which include Rockingdeals Private Limited/ Harkrishanji Products Private Limited/ Rockingdeals (HYD) Private Limited (Its Promoter Group Companies). Any loss of business from one or more of top 5 customer may adversely affect its revenues and profitability.

Majority of its state wise revenues from operations for the last 3 years is dependent majorly on Haryana. Any adverse developments affecting its operations in these states could have an adverse impact on the company revenue and results of operations.

The Company procure the product from various brands or external vendors for sourcing the product requirements. Also, the company does not have long-term agreements with its suppliers and an inability to procure the desired quality, quantity of its products at acceptable prices, may adversely affect the company business, profitability and reputation.

There is risk of Forward or Downward Integration by its supplier to directly start selling their products to the end customer or its clients.

Its inability to expand or effectively manage its B2B Partners/ Vendors network may have an adverse effect on the company business, results of operations and financial condition.

The company "Rockingdeals Circular Economy Limited" and its promoter group companies "Rockingdeals Private Limited" and "Rockingdeals (HYD) Private Limited" are working under the same brand name "Rockingdeals".

Its inability to accurately forecast demand for its products, and accordingly manage the company inventory, may have an adverse effect on its business, cash flows, financial condition and results of operations.

The company is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of its business through their continuing services and strategic guidance and support.

The company and group companies are involved in certain legal proceeding(s) potential litigations, departmental notices and tax proceedings. Any adverse decision in such proceeding(s) may render us/them liable to liabilities/penalties and may adversely affect its business and results of operations.