Rushil Decor Limited Rights Issue (Rushil Decor Rights Issue) Detail

Sep 21, 2020 - Oct 5, 2020

Incorporated in May 1993, Rushil Decor Limited (RDL) is one of the leading companies in the Laminate and MDF panel boards industry in India. RDL commenced its operations under the name and style of well-known product brand 'VIR laminate' and is engaged in the manufacturing of Decorative Laminated Sheets, MDF, and PVC with a network of branches, dealers, clearing &forwarding agents, and consignment agents across India. RDL has emerged as an interior infrastructure solutions provider and has three manufacturing plants located at Gujarat having an aggregate Laminate capacity of 34.9 lakh sheets per annum. RDL has set up an additional plant to manufacture thin and thick MDF to cope up with ever-increasing demand and make an entry in the niche segment of the market.
RDL has an in-house design unit responsible for creating new designs as per the market demand. RDL has a nationwide network of marketing offices, branches, depots, consignment agents, and dealers across the country for marketing and distribution of Laminates, MDF, and PVC and a global footprint in around 42 countries.

Company Strengths:
1. Strong brand and proven track record.
2. Experienced management team.
3. Widespread distribution network.
4. Strategic location of manufacturing units with modern facilities
5. In-house design capabilities.

Company Strategies:
1. Expansion of capacity and manufacture new products.
2. Developing export opportunities for products.
3. Strengthening brand value.
4. Creating awareness of new products.
5. Tapping large real estate developers and corporate bodies.

Rushil Decor Rights Issue Detail

Issue OpenSep 21, 2020 - Oct 5, 2020
Security NameRushil Decor Limited
Issue Size (Shares)0.50 Crores
Issue Size (Amount)₹24.89 Crores
Issue Price₹50 per share
Face Value₹10 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE
Terms of PaymentOn Application, Investors will have to pay ₹12.50 per Rights Equity Share (25% of the Issue Price). The balance ₹37.50 per Rights Equity Share (75% of the Issue Price), will have to be paid in three subsequent Calls of ₹12.50 that will be done by the Company from time to time at its discretion.
Entitlement1 Rights Equity Share for every 3 Equity Shares held on the Record Date

Rushil Decor Rights Issue Issue Timetable

Bid/Offer Opens OnSep 21, 2020
Bid/Offer Closes OnOct 5, 2020
Record DateSep 11, 2020
Deemed Date of Allotment

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 7,858.03 5,782.10 3,768.41
Total Revenue 3,391.34 3,522.32 3,536.83
Profit After Tax 230.50 143.35 309.24

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards:
1) Part repayment/prepayment of unsecured loans availed by the Company from the Promoter and members of the Promoter Group; and
2) General corporate purposes.

Rushil Decor Rights Issue Documents

Rushil Decor Rights Issue Rating

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Company Contact Information

Rushil Decor Limited
S. No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Kalol, Village Itla
Gandhinagar - 382 845

Phone: +91 98 2543 8039
Email: ipo@rushil.com
Website: https://rushil.com/

Rushil Decor Rights Issue Registrar

  1. 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: rightsissue@bigshareonline.com
    Website: http://www.bigshareonline.com

Rushil Decor Rights Issue FAQs

  1. When is Rushil Decor Rights Issue coming?

    The Rushil Decor Rights Issue opens on Sep 21, 2020, and closes on Oct 5, 2020.

  2. What is the schedule for Rushil Decor Rights Issue?

    Rushil Decor Rights Issue Schedule

    Last Date for credit of Rights Entitlements[.]
    Last Date for renunciation of Rights Entitlements[.]
    Issue Opening DateSep 21, 2020
    Issue Closing DateOct 5, 2020
    Date of Allotment (on or about)
    Date of Credit (on or about)
    Date of Listing (on or about)
  3. What is the issue price for Rushil Decor Rights Issue?

    Rushil Decor Rights Issue price is set at ₹50 per share per equity share.

  4. In what ratio is the Rushil Decor Rights Issue offered?

    The eligible shareholders are being offered 1 Rights Equity Share for every 3 Equity Shares held on the Record Date (Sep 11, 2020).

  5. What is the record date for Rushil Decor Rights Issue?

    The record date for the Rushil Decor Rights Issue is Sep 11, 2020.

  6. What is the issue size of Rushil Decor Rights Issue?

    The issue size of Rushil Decor Rights Issue is of 0.50 Crores equity shares at ₹50 per share aggregating upto ₹24.89 Crores.

  7. Where can I get the Letter of Offer for Rushil Decor Rights Issue?

    The Letter of Offer for Rushil Decor Rights Issue can be download here.

  8. How to apply for Rushil Decor Rights Issue?

    You can apply for Rushil Decor Rights Issue in two ways:

    1. Net Banking (ASBA)
    2. Registrar's Website (R-WAP Facility)

    Steps to apply for Rushil Decor Rights Issue using Net Banking (ASBA)

    1. Log in to the net banking account of your bank.
    2. Go to the 'IPO & Rights Issue' section.
    3. Check if the Rushil Decor Rights Issue available on the list.
    4. Click the Apply button next to the Rushil Decor Rights Issue.
    5. Fill and check your information.
    6. Submit the application.

    Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

    Steps to apply for Rushil Decor Rights Issue using Registrar's website (R-WAP)

    1. Visit registrar's website
    2. Go to the 'Rights Issue' section
    3. Select Rushil Decor Rights Issue from the dropdown.
    4. Enter Demat Account Number.
    5. Fill the online application form.
    6. Validate and submit the application.

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