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

September 21, 2020 - October 5, 2020
Rushil Decor Limited Logo
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 Open September 21, 2020 - October 5, 2020
Security Name Rushil Decor Limited
Issue Size (Shares) 4,977,111
Issue Size (Amount) ₹24.89 Crores
Issue Price ₹50 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment On Application, Investors will have to pay Rs 12.50 per Rights Equity Share (25% of the Issue Price). The balance Rs 37.50 per Rights Equity Share (75% of the Issue Price), will have to be paid in three subsequent Calls of Rs 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

Rushil Decor Rights Issue Issue Timetable

Record Date September 11, 2020
Credit of Rights Entitlements
Bid/Offer Opens On September 21, 2020
Renunciation of Rights Entitlements
Bid/Offer Closes On October 5, 2020
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs 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

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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

Rushil Decor Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200

Rushil Decor Rights Issue Lead Manager(s)

Rushil Decor Rights Issue FAQs

The Rushil Decor Rights Issue opens on September 21, 2020, and closes on October 5, 2020.

Rushil Decor Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateSeptember 21, 2020
Issue Closing DateOctober 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 (September 11, 2020).

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

The issue size of Rushil Decor Rights Issue is of 4,977,111 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:

  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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