Decolight Ceramics Limited IPO (Decolight IPO) Detail

May 24, 2007 - May 29, 2007

Incorporated in 2004, Decolight Ceramics Limited is in the business of manufacturing Vitrified Ceramic Tiles used as floor tiles. Decolight is among the fastest growing company in this field.

Promoter of this Decolight Ceramics Mr. Girishkumar is Chairman of Indian Council of Ceramic Tiles and Sanitary wares Association (ICCTAS) and President of Gujarat Ceramic Tiles Manufacturers Association.

Brand: Granolite

Vitrified Ceramic Tiles are used as floor tiles in Residential complexes, Commercial complexes (SEZís, I.T. Parks, Airports, Hotels, Web Worlds, Call Centres etc.) and Retail spaces (Shopping Malls, Multiplexes etc.). They are quite popular these days as they cost one fourth of Italian Marble. They look elegant like marble and are available in excellent quality and durability.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
1. Expansion of the capacity of vitrified tiles from 6000 sq.meters per day to 12000 sq. meters per day;
2. Establishment of manufacturing facilities of aluminum composite panels (ACP);
3. Setting up 4.6 MW wind turbine generators.
4. Additional office & factory buildings and godowns.
5. Other fixed assets / GEB Deposit & Line charges, extra space etc.
6. Margin money for Working capital requirements.

Decolight IPO Details

IPO Opening DateMay 24, 2007
IPO Closing DateMay 29, 2007
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹45 to ₹54 per equity share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, NSE
Issue Size8,045,557 Eq Shares of ₹10
(aggregating up to ₹43.45 Cr)

Decolight IPO Lot Size

The Decolight IPO market lot size is 125 shares. A retail-individual investor can apply for up to 29 lots (3625 shares or ₹195,750).

ApplicationLotsSharesAmount (Cut-off)
Minimum1125₹6,750
Maximum293625₹195,750

Decolight IPO Subscription Status (Bidding Detail)

The Decolight IPO is subscribed 1.53x times on May 29, 2007 17:00. The public issue subscribed 3.10x in the retail category, 0.26x in the QIB category, and 2.08x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

1.53x

Decolight IPO Prospectus

Decolight IPO Rating

50
3.4
Rating:Rated 3.4 stars

Vote Here ...

Decolight IPO Listing Date

Listing DateTuesday, June 19, 2007
BSE Script Code532858
NSE SymbolDECOLIGHT
Listing InB1 Group of Securities
ISININE172I01012
IPO Price₹54 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹54.00
₹57.00
₹43.50
₹65.90
₹44.50
15,877,464
NSE
₹54.00
₹70.00
₹43.50
₹70.00
₹44.65
15,436,182

Decolight IPO Reviews / Ratings

  • Business Line - Avoid
  • S P Tulsian - Avoid

Company Contact Information

Decolight Ceramics Limited
Behind Romer Ceramics, Ghuntu Road,
213, Sabari Kachigam,
Morbi Ė 363 642, Gujarat, India

Phone: + 91 2822 241 988
Email: dcl@decocovering.com
Website: http://www.decocovering.com

Decolight IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Decolight IPO FAQs

  1. What is Decolight IPO?

    Decolight IPO is a main-board IPO of 8,045,557 equity shares of the face value of ₹10 aggregating up to ₹43.45 Crores. The issue is priced at ₹45 to ₹54 per equity share. The minimum order quantity is 125 Shares.

    The IPO opens on May 24, 2007, and closes on May 29, 2007.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Decolight IPO will open?

    The Decolight IPO opens on May 24, 2007 and closes on May 29, 2007.

  3. What is the lot size of Decolight IPO?

    Decolight IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.

  4. How to apply for Decolight IPO?

    You can apply in Decolight IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Decolight IPO allotment?

    The finalization of Basis of Allotment for Decolight IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Decolight IPO allotment status.

  6. When is Decolight IPO listing date?

    The Decolight IPO listing date is on Tuesday, June 19, 2007.

Decolight IPO Message Board

Ranked Members  Ranked Members

Loading...
30. tanushri |Jun 22, 2007 21:03
sell decolite
29. JIGNESH |Jun 19, 2007 11:30
target decolight?
28. Vikram |Jun 19, 2007 09:43
Decolight Ceramics doesn't deserve level of Rs 50

Decolight Ceramics is not a terribly cheap company. Fundamentally, it does not deserve Rs 50 kind of levels. It should trade in a band of Rs 42-45, said CNBC-TV18's stocks editor, Udayan Mukherjee.

Decolight Ceramics is not a terribly cheap company. Its expected 10x PE for FY08 and bigger companies are trading at single digit PE, so it is highly priced issue. It should drift down further during the day. Fundamentally, it does not deserve Rs 50 kind of levels. It should trade in a band of Rs 42-45.
27. Hemant |Jun 18, 2007 11:16
It was supposed to list today??
26. Hemant |Jun 18, 2007 10:28
Looking at the listing of Glory polyfilm I can certainly say that companies based in gujarat will rarely make loss on listing.. Same is the case of Bhagwati Bonquets.. I think its becoz major share traders are from gujarat .. Good gaining guys..
25. tapan |Jun 17, 2007 21:36
apke muh me ghee shakker pratik babu...
24. pratik |Jun 17, 2007 11:41
hold it ....it will surely touch 64 mark.......ye issue bahut kamake dega dnt worry...bhaijaan ...mujhe bhi 3740 shares lage hai.....
23. tanushree |Jun 16, 2007 01:17
decolight to list at issue price.will go down after that.
22. tapan |Jun 15, 2007 00:49
18th is a listing date... monday.. confirm
21. tapan |Jun 14, 2007 06:01
mere bhaio... 9063 shares lage hai... 1 2 rs milenge ya nahi... discount me jayega kya?
20. mils |Jun 12, 2007 14:30
allotment results have come today
19. Subhamay |Jun 9, 2007 23:30
Anybody has any idea about the allotment details of this
IPO?
18. bunty |Jun 9, 2007 21:59
pls.. tell me the url, where i will get the allotment information of IPOs
17. AMITKUMARARORA |May 31, 2007 11:53
NEW ISSUE
OPENING 04.06.2007
CLOSING 08.06.2007
Company Name NELCAST LTD.
BookBuilding/Fixed Price BOOKBUILDING
Instrument EQUITY
Issue Amount (Rs.lacs) 10,000.00
Lead Managers KARVY INVESTOR SERVICES LTD.,HYDERABAD

Industry
CASTINGS/ FORGINGS
Price Range Rs. 195/- to Rs. 219/-
Tick Size Re. 1/-
Market Lot 30 shares
Minimum Order Quantity 30 shares
16. raj |May 25, 2007 21:37
where we can see the holding of FII and particular MF in any share in BSE or NSE?Can anyone send URL of same?
15. strong buy |May 25, 2007 20:50
short term strong buy ndtv,jsw steel,infomedia,redington,areva t & d,unitech,tech mahindra,reliance(target 2000)

penny stock strong buy least risky stock :
assam company@14(5 % upper circuit expected on 28/5/07)

safe & strong buy ndtv
holding in ndtv:-(check bse website)
Reliance Mutual Fund 3,010,477(4.82%)
Reliance Portfolio Management Services 101,500(0.16%)


14. raj |May 25, 2007 18:57
you are right subba,better to invest in Euro ceramic.Recently it has showm good movement.Is there any still momentum left in Euro ceramic?suggest if u know anything
13. subba |May 24, 2007 18:49
instead of this ipo one can invest in euroceramics i think. that is a better known company.

subba
12. CHKAPILA |May 24, 2007 16:17
What about valuations of the company
11. parag |May 24, 2007 14:43
I am agree with you madhu..
We should be coutious and not be afraid of market movements...







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