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
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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 9662.57 | 10262.67 | 9679.62 | 8071.97 | 7926.23 | 7306.99 |
| Profit After Tax (PAT) | 375.90 | 385.39 | 277.53 | 204.52 | 242.28 | 159.59 |
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.
| IPO Date | Jun 20, 2011 - Jun 23, 2011 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5,643,750 Eq Shares of ₹10 (aggregating up to ₹40.64 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹63 to ₹72 Per Equity Share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹6,480 |
| Maximum | 30 | 2700 | ₹194,400 |
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
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 |
| Listing Date | Thursday, July 7, 2011 |
| BSE Script Code | 533470 |
| NSE Symbol | RUSHIL |
| Listing In | B |
| ISIN | INE573K01017 |
| IPO Price | ₹72 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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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
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
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 price of the IPO is ₹63 to ₹72 Per Equity Share. The minimum order quantity is 90 Shares per application and the offer type is Book Built Issue.
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 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.
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.
Rushil Decor IPO lot size is 90 Shares and the minimum order quantity is 90 Shares.
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