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.
| Issue Open | Sep 21, 2020 - Oct 5, 2020 |
| Security Name | Rushil 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 Lot | 1 per share |
| Listing At | BSE |
| Terms of Payment | On 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. |
| Entitlement | 1 Rights Equity Share for every 3 Equity Shares held on the Record Date |
| Bid/Offer Opens On | Sep 21, 2020 |
| Bid/Offer Closes On | Oct 5, 2020 |
| Record Date | Sep 11, 2020 |
| Deemed Date of Allotment | |
| Renunciation of Rights Entitlements |
| 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 | |
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.
7 2.9 Rating:  Vote Here ... |
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/
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
The Rushil Decor Rights Issue opens on Sep 21, 2020, and closes on Oct 5, 2020.
Rushil Decor Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | |
| Issue Opening Date | Sep 21, 2020 |
| Issue Closing Date | Oct 5, 2020 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
Rushil Decor Rights Issue price is set at ₹50 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share for every 3 Equity Shares held on the Record Date (Sep 11, 2020).
The record date for the Rushil Decor Rights Issue is Sep 11, 2020.
The issue size of Rushil Decor Rights Issue is of 0.50 Crores equity shares at ₹50 per share aggregating upto ₹24.89 Crores.
The Letter of Offer for Rushil Decor Rights Issue can be download here.
You can apply for Rushil Decor Rights Issue in two ways:
Steps to apply for Rushil Decor Rights Issue using Net Banking (ASBA)
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)
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