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 (SEZ’s, 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 DateMay 24, 2007 - May 29, 2007
Issue TypeBook Built Issue IPO
Issue Size8,045,557 Eq Shares of ₹10
(aggregating up to ₹43.45 Cr)
Face Value₹10 Per Equity Share
IPO Price₹45 to ₹54 Per Equity Share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, NSE

Decolight IPO Lot Size and Price (Retail)

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

Decolight IPO Subscription Status (Bidding Detail)

Decolight IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

May 29, 2007 17:00

0.26x

2.08x

3.10x

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
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 – 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. 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 price of the IPO is ₹45 to ₹54 Per Equity Share. The minimum order quantity is 125 Shares per application and the offer type is Book Built Issue.

    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. 2. When Decolight IPO will open?

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

  3. 3. How to apply for Decolight IPO?

    Decolight IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Decolight IPO listing date?

    The Decolight IPO listing date is on Tuesday, June 19, 2007, at BSE, NSE.
  6. 6. What is the lot size of Decolight IPO?

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

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Decolight IPO Review / Comments

tanushri
30. tanushri  Jun 22, 2007 21:03
sell decolite
JIGNESH
29. JIGNESH  Jun 19, 2007 11:30
target decolight?
Vikram
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.
Hemant
27. Hemant  Jun 18, 2007 11:16
It was supposed to list today??
Hemant
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..
tapan
25. tapan  Jun 17, 2007 21:36
apke muh me ghee shakker pratik babu...
pratik
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.....
tanushree
23. tanushree  Jun 16, 2007 01:17
decolight to list at issue price.will go down after that.
tapan
22. tapan  Jun 15, 2007 00:49
18th is a listing date... monday.. confirm
tapan
21. tapan  Jun 14, 2007 06:01
mere bhaio... 9063 shares lage hai... 1 2 rs milenge ya nahi... discount me jayega kya?
mils
20. mils  Jun 12, 2007 14:30
allotment results have come today
Subhamay
19. Subhamay  Jun 9, 2007 23:30
Anybody has any idea about the allotment details of this
IPO?
bunty
18. bunty  Jun 9, 2007 21:59
pls.. tell me the url, where i will get the allotment information of IPOs
AMITKUMARARORA
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
raj
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?
strong buy
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%)


raj
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
subba
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
CHKAPILA
12. CHKAPILA  May 24, 2007 16:17
What about valuations of the company
parag
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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