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Rushil Decor Ltd IPO (Rushil Decor IPO) Detail

Jun 20, 2011 - Jun 23, 2011        
  
   

Incorporated in 1993, Rushil Decor Ltd, a flagship company of the Rushil Group is a leading Indian manufacturer of decorative high pressure laminates and plain particle boards. They operate in India and internationally with brand names of Vir laminate and Rushil decor premium laminate. They have four manufacturers of particle board products and decorative laminated products in Gujarat state. Vir Laminate is the largest seller of Laminated sheets and Particle Board in India.

Company offers comprehensive engineered interior products which include:

1. Decorative Laminate Sheets
2. Industry laminate Sheets
3. Rushil Kitchen Door
4. Plain Particle Boards

Company Promoters:

The Individual Promoters of the company are:

1. Mr. Ghanshyambhai Ambalal Thakkar, aged 66 years is the Chairman Cum Whole Time Director of the company.
2. Mr. Krupesh Ghanshyambhai Thakkar, aged 40 years is the Managing Director of the company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Dec-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income9662.5710262.679679.628071.977926.237306.99
Profit After Tax (PAT)375.90385.39277.53204.52242.28159.59

Objects of the Issue:

The object of the issue are to:

1. Setting up of Medium Density Fibre Board (MDF) plant at Plot No. 58 & 59, Amble Industrial Area, Taluka and District: Chikmagalur, Karnataka;
2. Margin for Working Capital Requirement;
3. Public Issue Expenses;
4. General Corporate Purpose.

Issue Detail:

  »»  Issue Open: Jun 20, 2011 - Jun 23, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 5,643,750 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 40.64 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 63 - Rs. 72 Per Equity Share
  »»  Market Lot: 90 Shares
  »»  Minimum Order Quantity: 90 Shares
  »»  Listing At: BSE, NSE

Rushil Decor Ltd IPO Grading

ICRA has assigned an IPO Grade 2 to Rushil Decor IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Rushil Decor IPO Grading Report

Rushil Decor IPO Reviews:

  1. MLR Securities Private Ltd says 'Avoid' to Rushil Decor Ltd IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 2,700,000  810,000  1,890,000  5,400,000 
 Day 1 - Jun 20, 2011 17:00 IST 0.0000 0.0000 1.5200 0.5300 
 Day 2 - Jun 21, 2011 17:00 IST 0.2300 0.0000 1.7500 0.7300 
 Day 3 - Jun 22, 2011 17:00 IST 0.2300 0.0000 2.1200 0.8600 
 Day 4 - Jun 23, 2011 17:00 IST 0.2300 1.3500 6.5700 2.6200 

Rushil Decor IPO News Alerts

  1. Tuesday, July 5, 2011 10:19:21 AM
    IPO Listing - Rushil Decor Ltd
  2. Friday, July 1, 2011 10:57:08 AM
    IPO Allotment - Rushil Decor Ltd
  3. Thursday, June 23, 2011 8:04:21 AM
    Rushil Decor IPO finally subscribed 2.62 times
  4. Wednesday, June 22, 2011 8:17:51 AM
    Rushil Decor IPO subscribed 0.86 times on day 3
  5. Tuesday, June 21, 2011 7:28:00 AM
    Rushil Decor IPO subscribed 0.73 times on day 2
  6. Monday, June 20, 2011 9:37:15 AM
    Rushil Decor IPO subscribed 0.53 times on its 1
  7. Wednesday, June 15, 2011 3:34:28 AM
    Rushil Decor fixes it's IPO price band
  8. Tuesday, June 14, 2011 9:17:22 AM
    Upcoming IPO - Rushil Decor Ltd

Rushil Decor IPO Rating

   Rating: 3.6
126
3.6
Rating:Rated 3.6 stars

Vote Here ...

   IPO Reviews  |  IPO Gradings

Rushil Decor IPO Listing Date

Listing Date:Thursday, July 7, 2011
BSE Scrip Code:533470
NSE Symbol:RUSHIL
Listing In:'B' Group of Securities
Sector:Const/Bldg Material
ISIN:INE573K01017
Issue Price:Rs. 72.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 72.00
Open:Rs. 81.25
Low:Rs. 75.00
High:Rs. 124.05
Last Trade:Rs. 119.65
Volume:37,135,869
NSE
Rs. 72.00
Rs. 74.50
Rs. 74.50
Rs. 124.05
Rs. 119.50
49,610,018

Rushil Decor IPO Prospectus

Company Contact Information

Registered Office :
    S.No. 125, Near Kalyanpura Patia,
    Gandhinagar Mansa Road, Village Ilta,
    Tal: Kalol, District: Gandhinagar 382845 Gujarat
Phone: + 91 2764287487
Fax: + 91 2764287700
Email: ipo@rushil.com
Website: http://www.rushil.com

Rushil Decor IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: fclipo@bigshareonline.com
Website: http://www.bigshareonline.com

Rushil Decor IPO Lead Manager(s)


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Rushil Decor IPO Messages (Rushil Decor IPO Comments)

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92. Shishir pareek  Aug 31, 2011 5:29:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Shishir pareek's - IPO Comments,  Public Profile

(90) Dear Santosh,I have been training through Religare for the past 3 years now and never ever faced such problem.You can try if you want

 

91. Santosh.  Jul 13, 2011 10:11:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Santosh.'s - IPO Comments,  Public Profile

seenuipo my broker dont provide z-category stock....please tell which broker u r uses for short any stock

 

90. seenuipo  Jul 10, 2011 2:13:07 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
seenuipo's - IPO Comments,  Public Profile

Dear IPo aspirants commenting regarding fundamentals and the particular stock does not qualify for exiting price.on the IPo listing day there is no minimum and maximum or capping or support wil not be applicable.Why they dont put margin money and play short to earn money.

 

89. seenuipo  Jul 10, 2011 2:02:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
seenuipo's - IPO Comments,  Public Profile

Dear all members,
The discussions from both sreedhar and Ravi Bangalore are not available for the last 2 months.
What happened.Are they quit IPO market or some thing else.
On the day an IPO which made 200% high and 74% high (very very rare occasions)no comments properly from anybody.
This is actual Deevali.

Somebody still says,it is a dustbin stock .Why so,the currency given by your broker due to profit earned through this is not valid or not.
Please avoid to try to defend the fault for not identifying the trend of the script.(I am requesting all to take sportive and acept failure)One need not act.
The market is on.

 

88. gundu anna  Jul 8, 2011 6:22:56 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Rushil, birla medsap kind of isssues are not to make money, they are to kill the investors

 

87. SkDash  Jul 8, 2011 9:28:21 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments,  Public Profile

Amit- it was not intraday. i had position from ipo and i sold that. but i tried and it is very much possible to buy and sell on the same day, but u hv to buy and sell on delivery segment (in this case ur brokerage will be as per intraday only-my broker- karvy, dont know about others) as intraday is not allowed on the 1st day

 

86. KK Natarajan  Jul 8, 2011 7:19:34 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments,  Public Profile

Gane,
I remember the old lessons learned. Rushil will definitely open gap up at least by 5%. Then what will happen I don't know. Sreedhar used to say any IPO that closes strongly will open at least 5% gap up the next day and we can use this to sell part of our holdings - of course, if we had held.

 

85. amit pandey  Jul 7, 2011 8:30:40 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
amit pandey's - IPO Comments,  Public Profile

Hey SK DAS ,
How do you do intraday trading on listing days,,what is your stop loss,please guide.It would be a help

 

84. Gane  Jul 7, 2011 6:04:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Gane's - IPO Comments,  Public Profile

Where is Ravi Bangalore? He used to give right targets on how one could trade on listing day.

I am not sure how the price movement will be by tomorrow.

Gane.

 

83. KK Natarajan  Jul 7, 2011 5:49:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments,  Public Profile

Gane,
I sold 461 of the allotted shares at an average price of 82 and the remaining 100 at 84.50 in an account in icicidirect. As I found it very difficult to open the site and do trading fast, I closed that position and then bought 200 shares at an average price of 81.50 from the Karvy account and sold them starting from 94.90 to 121.60. It was a good day overall, though I lost some money buying Birla Pacific after it went up considerably.

 

82. harishkumar  Jul 7, 2011 5:28:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
harishkumar's - IPO Comments,  Public Profile

IN SMALL IPOS LIKE RUSHIL-BIRLA MEDSPA ONLY SPECULATORS GET BENEFIT. GENERAL PUBLIC-SMALL INVESTORS ALWAYS LOOSE.IF YOU SUBSCRIBE,BUY,SELL YOU WILL HAVE TO BOOK LOSS. THE OVERALL GAME REMAINS IN THE HANDS OF BIG SPECULATORS. GENERAL PUBLIC MUST KEEP AWAY FROM THIS TYPE OF ISSUES.

 

81. SkDash  Jul 7, 2011 3:37:44 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments,  Public Profile

Sameer-

Hm, me too at av 82.60. Now its up 47% and Birla 167%. Feeling uncomfortable for this. Still, i dont want to enter into speculation and lose what i gained. i am cheering up the race and will also cheer the reverse race.

Birla and Rushil are inviting me to enter and once i ll enter, it will crash. but i will not enter even if it crosses 500% :)

 

80. Gane  Jul 7, 2011 3:33:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Gane's - IPO Comments,  Public Profile

KKN,

Rushil crosses 100. This morning I thought of doing intraday. But it did not move that much in the opening. SO I left it as it is. Why did you exit at 82?

Gane.

 

79. sameerjaipur  Jul 7, 2011 3:15:04 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sameerjaipur's - IPO Comments,  Public Profile

Dear SK Dash,
Exited early. Avg Rate 81.60. Made decent profit. No complents.

 

78. KK Natarajan  Jul 7, 2011 11:37:19 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments,  Public Profile

As I am finding it very difficult to open icicidirect site to sell, I have sold out the remaining 100 at 84.50. If it goes down I will buy some with a stop loss of 74.50, which is the listing price.

 

77. SkDash  Jul 7, 2011 11:34:23 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments,  Public Profile

KKN-so 4610 for shopping :) hm
I have some urgent work to attend, so closed position at 84.1.

 

76. KK Natarajan  Jul 7, 2011 11:12:36 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments,  Public Profile

Sold 461 Rushil at an average price of 82. Holding 100.

 

75. SkDash  Jul 7, 2011 10:53:11 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments,  Public Profile

what about u-Nis, Sameer, Ravi Bangalore

 

74. SkDash  Jul 7, 2011 10:49:50 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments,  Public Profile

Another 50 at 82.2 p=510
Balance 96 stop loss 74

 

73. SkDash  Jul 7, 2011 10:26:01 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SkDash's - IPO Comments,  Public Profile

Birla-rocking
Rushil-slow

sold 50 shares @ 80.65 p=432
balance 146 shares hold with stop loss 74

 

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