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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

Company Promoters:

The Individual Promoters of the company are:

1. Mr. Ghanshyambhai Ambalal Thakkar, aged 66 years is the Chairman Cum Whole Time Director of the company.
2. Mr. Krupesh Ghanshyambhai Thakkar, aged 40 years is the Managing Director of the company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Dec-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income9662.5710262.679679.628071.977926.237306.99
Profit After Tax (PAT)375.90385.39277.53204.52242.28159.59

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

Issue OpenJun 20, 2011 - Jun 23, 2011
Issue TypeBook Built Issue IPO
Issue Size5,643,750 Eq Shares of Rs 10
(aggregating up to Rs 40.64 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 63 - Rs 72 Per Equity Share
Market Lot90 Shares
Min Order Quantity90 Shares
Listing AtBSE, NSE

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)

Rushil Decor IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

2,700,000

810,000

1,890,000

5,400,000

Jun 23, 2011 17:00

0.23x

1.35x

6.57x

2.62x

Rushil Decor IPO Prospectus

Rushil Decor IPO Rating

126
3.6
Rating:Rated 3.6 stars

Vote Here ...

Rushil Decor IPO Listing Date

  •   ›  Listing Date: Thursday, July 7, 2011
  •   ›  BSE Script Code: 533470
  •   ›  NSE Symbol: RUSHIL
  •   ›  Listing In: B
  •   ›  ISIN: INE573K01017
  •   ›  Issue Price: Rs 72 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 72.00
Rs 81.25
Rs 75.00
Rs 124.05
Rs 119.65
37,135,869
NSE
Rs 72.00
Rs 74.50
Rs 74.50
Rs 124.05
Rs 119.50
49,610,018

Rushil Decor IPO Reviews / Ratings

ICRA IPO Grade - 2 (Below Average Fundamentals)
MLR Securities - Avoid.

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

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

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Rushil Decor IPO Review / Comments

avatar
92. Shishir pareek  Aug 31, 2011 16:29 I Like It. | Report Abuse
(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
avatar
91. Santosh.  Jul 13, 2011 21:11 I Like It. | Report Abuse
seenuipo my broker dont provide z-category stock....please tell which broker u r uses for short any stock
avatar
90. seenuipo  Jul 10, 2011 13:13 I Like It. | Report Abuse
Top Contributor 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.

avatar
89. seenuipo  Jul 10, 2011 13:02 I Like It. | Report Abuse
Top Contributor 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.
avatar
88. gundu anna  Jul 8, 2011 17:22 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Rushil, birla medsap kind of isssues are not to make money, they are to kill the investors
avatar
87. SkDash  Jul 8, 2011 08:28 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
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
avatar
86. KK Natarajan  Jul 8, 2011 06:19 I Like It. | Report Abuse
IPO Mentor 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.
avatar
85. amit pandey  Jul 7, 2011 19:30 I Like It. | Report Abuse
Hey SK DAS ,
How do you do intraday trading on listing days,,what is your stop loss,please guide.It would be a help
avatar
84. Gane  Jul 7, 2011 17:04 I Like It. | Report Abuse
Top Contributor 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.
avatar
83. KK Natarajan  Jul 7, 2011 16:49 I Like It. | Report Abuse
IPO Mentor 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.
avatar
82. harishkumar  Jul 7, 2011 16:28 I Like It. | Report Abuse
IN SMALL IPOS LIKE RUSHIL-BIRLA MEDSPA ONLY SPECULATORS GET BENEFIT. GENERAL PUBLIC-SMALL INVESTORS ALWAYS LOOSE.IF YOU SUBSCRIBE,BUY,SELL YOU WILL HAVE TO BOOK LOSS. THE OVERALL GAME REMAINS IN THE HANDS OF BIG SPECULATORS. GENERAL PUBLIC MUST KEEP AWAY FROM THIS TYPE OF ISSUES.
avatar
81. SkDash  Jul 7, 2011 14:37 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
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% :)
avatar
80. Gane  Jul 7, 2011 14:33 I Like It. | Report Abuse
Top Contributor 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.
avatar
79. sameerjaipur  Jul 7, 2011 14:15 I Like It. | Report Abuse
Dear SK Dash,
Exited early. Avg Rate 81.60. Made decent profit. No complents.
avatar
78. KK Natarajan  Jul 7, 2011 10:37 I Like It. | Report Abuse
IPO Mentor 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.
avatar
77. SkDash  Jul 7, 2011 10:34 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
KKN-so 4610 for shopping :) hm
I have some urgent work to attend, so closed position at 84.1.
avatar
76. KK Natarajan  Jul 7, 2011 10:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts)
Sold 461 Rushil at an average price of 82. Holding 100.
avatar
75. SkDash  Jul 7, 2011 09:53 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
what about u-Nis, Sameer, Ravi Bangalore
avatar
74. SkDash  Jul 7, 2011 09:49 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
Another 50 at 82.2 p=510
Balance 96 stop loss 74
avatar
73. SkDash  Jul 7, 2011 09:26 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
Birla-rocking
Rushil-slow

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



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