Rushil Decor Ltd IPO (Rushil Decor IPO) Detail

Jun 20, 2011 - Jun 23, 2011

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

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 IPO Details

IPO Date Jun 20, 2011 to Jun 23, 2011
Listing Date Jul 7, 2011
Face Value ₹10 per share
Price ₹63 to ₹72 per share
Lot Size 90 Shares
Total Issue Size5,643,750 shares
(aggregating up to ₹40.64 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Rushil Decor IPO Reservation

QIB Shares Offered2700000
NII (HNI) Shares Offered810000
Retail Shares Offered1890000
Total Shares Offered5,400,000

Rushil Decor IPO Lot Size

The Rushil Decor IPO lot size is 90 shares.

Application Lots Shares Amount
Retail (Min) 1 90 ₹6,480
Retail (Max) 30 2700 ₹194,400
Lot Size Calculator

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
Total Income9662.5710262.679679.628071.977926.237306.99
Profit After Tax (PAT)375.90385.39277.53204.52242.28159.59

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

Rushil Decor IPO Subscription Status (Bidding Detail)

The Rushil Decor IPO is subscribed 2.62 times on Jun 23, 2011 5:00:00 PM. The public issue subscribed 6.57 times in the retail category, 0.23 times in the QIB category, and 1.35 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Rushil Decor IPO Prospectus

Rushil Decor IPO Rating

Rating:Rated 3.6 stars
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Rushil Decor IPO Listing Details

Listing Date Jul 7, 2011
BSE Script Code 533470
ISIN INE573K01017
IPO Price ₹72 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

Rushil Decor Ltd
S.No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Village Ilta,
Tal: Kalol, District: Gandhinagar – 382845 Gujarat
Phone: + 91 – 2764287487
Email: ipo@rushil.com
Website: http://www.rushil.com

Rushil Decor IPO Registrar

Bigshare Services Pvt Ltd

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

Rushil Decor IPO Analysis

Rushil Decor IPO Recommendation Summary

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Members 0 0 0

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Rushil Decor IPO FAQs

Rushil Decor IPO is a main-board IPO of 5,643,750 equity shares of the face value of ₹10 aggregating up to ₹40.64 Crores. The issue is priced at ₹63 to ₹72 per share. The minimum order quantity is 90 Shares.

The IPO opens on Jun 20, 2011, and closes on Jun 23, 2011.

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

The Rushil Decor IPO opens on Jun 20, 2011 and closes on Jun 23, 2011.

Rushil Decor IPO lot size is 90 Shares and the minimum order quantity is .

You can apply in Rushil Decor 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Rushil Decor IPO listing date is on Jul 7, 2011.
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Rushil Decor IPO Message Board

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92. Shishir pareek |   Link |Aug 31, 2011 4:29:11 PM
(90) Dear Santosh,I have been training through Religare for the past 3 years now and never ever faced such problem.You can try if you want
91. Santosh. |   Link |Jul 13, 2011 9:11:24 PM
seenuipo my broker dont provide z-category stock....please tell which broker u r uses for short any stock
90. seenuipo |   Link |Jul 10, 2011 1:13:07 PM (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 (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
Top Contributor Top Contributor (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
Top Contributor Top Contributor (1000+ Posts, 200 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 (500+ Posts)
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.
85. amit pandey |   Link |Jul 7, 2011 7:30:40 PM
Hey SK DAS ,
How do you do intraday trading on listing days,,what is your stop loss,please guide.It would be a help
84. Gane |   Link |Jul 7, 2011 5:04:42 PM (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.

83. KK Natarajan |   Link |Jul 7, 2011 4:49:51 PM (500+ Posts)
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.
82. harishkumar |   Link |Jul 7, 2011 4:28:11 PM
81. SkDash |   Link |Jul 7, 2011 2:37:44 PM
Top Contributor Top Contributor (1000+ Posts, 200 Likes)

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 (400+ Posts)

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?

79. sameerjaipur |   Link |Jul 7, 2011 2:15:04 PM
Dear SK Dash,
Exited early. Avg Rate 81.60. Made decent profit. No complents.
78. KK Natarajan |   Link |Jul 7, 2011 10:37:19 AM (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
Top Contributor Top Contributor (1000+ Posts, 200 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 (500+ Posts)
Sold 461 Rushil at an average price of 82. Holding 100.
75. SkDash |   Link |Jul 7, 2011 9:53:11 AM
Top Contributor Top Contributor (1000+ Posts, 200 Likes)
what about u-Nis, Sameer, Ravi Bangalore
74. SkDash |   Link |Jul 7, 2011 9:49:50 AM
Top Contributor Top Contributor (1000+ Posts, 200 Likes)
Another 50 at 82.2 p=510
Balance 96 stop loss 74
73. SkDash |   Link |Jul 7, 2011 9:26:01 AM
Top Contributor Top Contributor (1000+ Posts, 200 Likes)

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