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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 Date May 24, 2007
IPO Closing Date May 29, 2007
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹45 to ₹54 per equity share
Market Lot 125 Shares
Min Order Quantity 125 Shares
Listing At BSE, 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 125 ₹6,750
Maximum 29 3625 ₹195,750

Decolight IPO Subscription Status (Bidding Detail)

The Decolight IPO is subscribed 1.53 times on May 29, 2007 5:00:00 PM. The public issue subscribed 3.10 times in the retail category, 0.26 times in the QIB category, and 2.08 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Decolight IPO Prospectus

Decolight IPO Rating

50
3.4
Rating:Rated 3.4 stars
Vote Here ...

Decolight IPO Listing Date

Listing Date Tuesday, June 19, 2007
BSE Script Code 532858
NSE Symbol DECOLIGHT
Listing In B1 Group of Securities
ISIN INE172I01012
IPO Price ₹54 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹54.00
₹57.00
₹43.50
₹65.90
₹44.50
NSE
₹54.00
₹70.00
₹43.50
₹70.00
₹44.65

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

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

Decolight IPO Reviews / Ratings

  • Business Line - Avoid
  • S P Tulsian - Avoid

Decolight IPO FAQs

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.

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

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

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.

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.

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

Decolight IPO Message Board

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30 Comments

30. tanushri |   Link |Jun 22, 2007 10:03:46 PM
sell decolite
29. JIGNESH |   Link |Jun 19, 2007 12:30:29 PM
target decolight?
28. Vikram |   Link |Jun 19, 2007 10:43:06 AM
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 |   Link |Jun 18, 2007 12:16:37 PM
It was supposed to list today??
26. Hemant |   Link |Jun 18, 2007 11:28:31 AM
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 |   Link |Jun 17, 2007 10:36:39 PM
apke muh me ghee shakker pratik babu...
24. pratik |   Link |Jun 17, 2007 12:41:43 PM
hold it ....it will surely touch 64 mark.......ye issue bahut kamake dega dnt worry...bhaijaan ...mujhe bhi 3740 shares lage hai.....
23. tanushree |   Link |Jun 16, 2007 2:17:02 AM
decolight to list at issue price.will go down after that.
22. tapan |   Link |Jun 15, 2007 1:49:26 AM
18th is a listing date... monday.. confirm
21. tapan |   Link |Jun 14, 2007 7:01:30 AM
mere bhaio... 9063 shares lage hai... 1 2 rs milenge ya nahi... discount me jayega kya?
20. mils |   Link |Jun 12, 2007 3:30:13 PM
allotment results have come today
19. Subhamay |   Link |Jun 10, 2007 12:30:27 AM
Anybody has any idea about the allotment details of this
IPO?
18. bunty |   Link |Jun 9, 2007 10:59:22 PM
pls.. tell me the url, where i will get the allotment information of IPOs
17. AMITKUMARARORA |   Link |May 31, 2007 12:53:13 PM
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 |   Link |May 25, 2007 10:37:54 PM
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 |   Link |May 25, 2007 9:50:39 PM
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 |   Link |May 25, 2007 7:57:43 PM
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 |   Link |May 24, 2007 7:49:44 PM
instead of this ipo one can invest in euroceramics i think. that is a better known company.

subba
12. CHKAPILA |   Link |May 24, 2007 5:17:34 PM
What about valuations of the company
11. parag |   Link |May 24, 2007 3:43:15 PM
I am agree with you madhu..
We should be coutious and not be afraid of market movements...