Rushil Decor Ltd IPO (Rushil Decor IPO) Detail

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 Financials

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.

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

92 Comments

90. seenuipo |   Link |Jul 10, 2011 1:13:07 PM
Top Contributor (200+ Posts)

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 |   Link |Jul 10, 2011 1:02:20 PM
Top Contributor (200+ Posts)

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 |   Link |Jul 8, 2011 5:22:56 PM
IPO Mentor (500+ Posts, 100+ Likes)

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

87. SkDash |   Link |Jul 8, 2011 8:28:21 AM
IPO Mentor (800+ Posts, 100+ Likes)

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 |   Link |Jul 8, 2011 6:19:34 AM
IPO Mentor (500+ Posts)

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.

84. Gane |   Link |Jul 7, 2011 5:04:42 PM
Top Contributor (400+ Posts)

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 |   Link |Jul 7, 2011 4:49:51 PM
IPO Mentor (500+ Posts)

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.

81. SkDash |   Link |Jul 7, 2011 2:37:44 PM
IPO Mentor (800+ Posts, 100+ Likes)

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 |   Link |Jul 7, 2011 2:33:24 PM
Top Contributor (400+ Posts)

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.

78. KK Natarajan |   Link |Jul 7, 2011 10:37:19 AM
IPO Mentor (500+ Posts)

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 |   Link |Jul 7, 2011 10:34:23 AM
IPO Mentor (800+ Posts, 100+ Likes)

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

76. KK Natarajan |   Link |Jul 7, 2011 10:12:36 AM
IPO Mentor (500+ Posts)

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

75. SkDash |   Link |Jul 7, 2011 9:53:11 AM
IPO Mentor (800+ Posts, 100+ Likes)

what about u-Nis, Sameer, Ravi Bangalore

74. SkDash |   Link |Jul 7, 2011 9:49:50 AM
IPO Mentor (800+ Posts, 100+ Likes)

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

73. SkDash |   Link |Jul 7, 2011 9:26:01 AM
IPO Mentor (800+ Posts, 100+ Likes)

Birla-rocking
Rushil-slow

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

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