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
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.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax (PAT)||375.90||385.39||277.53||204.52||242.28||159.59|
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 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
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
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||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|
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