₹107.49 Crores | Listing at BSE, NSE | Tue, May 2, 2023 - Fri, May 12, 2023
Rushil Decor Limited Rights Issue comprises 0.6635 Cr equity shares aggregating to ₹107.49 Cr, offered at an issue price of ₹162 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 13, 2023, with the Rights Issue being offered in the entitlement ratio of 1:3.
As per the terms of payment, ₹162 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 20, 2023.
The Rights Issue opens on May 2, 2023 and closes on May 12, 2023.
The deemed date of allotment is May 23, 2023, following which the equity shares are expected to be credited to demat accounts on May 26, 2023 and listed on NSE and BSE on May 31, 2023.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Rushil Decor Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Apr 13, 2023
Entitlement Ratio
1 : 3
Open Date
Tue, May 2, 2023
Close Date
Fri, May 12, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 808.43 | 339.77 | 13.72 | 264.15 | 378.06 |
| 31-Mar-22 | 886.76 | 625.58 | 22.80 | 286.79 | 419.11 |
| Amount in ₹ Crore | |||||
Incorporated in 1993, Rushil Decor Limited is a flagship company of the Rushil Group that manufactures Decorative Laminated Sheets, Medium Density Fibre Board, and Poly Vinyl Chloride Board.
The Company currently owns five manufacturing facilities out of which three manufacturing units are located in Gujarat and one each in Karnataka and Andhra Pradesh respectively. Each of these facilities has the ability to manufacture various ranges and sizes of Laminated Sheets, Medium Density Fibre Board and Poly Vinyl Chloride Foam Board
The company also has an in-house design team which is responsible for creating new designs for products as per the market demand.
Rushil Decor's brands include "VIR LAMINATE", "VIR MDF", "VIR PROPLUS", "VIR MAXPRO", "VIR PRELAM MDF", "VIR PVC" and "VIR STUDDIO".
The company has its operations in Kenya, Kuwait, Qatar, South Africa, Sri Lanka, UAE, Nepal, and other countries.
The proceeds from the issue will be used for the following objects:
[Dilip Davda] RDL is in the highly competitive and fragmented segment of laminated sheets and MDF boards manufacturing and marketing. It has posted steady growth in its top and bottom lines for the reported periods of the offer document. Asa this RI is at a discount of around 44.69% based on its last traded price of Rs. 292.90, investors may consider investment for the medium to long-term rewards. Read detail review...
Rushil Decor Limited
S. No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Kalol,
Village Itla, Gandhinagar – 382 845
Gandhinagar, Gujarat, 382845
The Rushil Decor Rights Issue 2023 opens on Tue, May 2, 2023, and closes on Fri, May 12, 2023.
Rushil Decor Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Thu, Apr 20, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, May 8, 2023 |
| Issue Opening Date | Tue, May 2, 2023 |
| Issue Closing Date | Fri, May 12, 2023 |
| Date of Allotment (on or about) | Tue, May 23, 2023 |
| Date of Credit (on or about) | Fri, May 26, 2023 |
| Date of Listing (on or about) | Wed, May 31, 2023 |
You can apply for Rushil Decor Rights Issue 2023 in two ways:
Steps to apply for Rushil Decor Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Rushil Decor Rights Issue 2023 using Registrar's website (R-WAP)
