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Decolight IPO is a book built issue of Rs 43.45 crores.
Decolight IPO bidding started from May 24, 2007 and ended on May 29, 2007. The shares got listed on BSE, NSE on June 19, 2007.
Decolight IPO price band is set at ₹45 to ₹54 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Idbi Capital Market Services Limited is the book running lead manager of the Decolight IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Decolight IPO RHP for detailed information.
| IPO Date | May 24, 2007 to May 29, 2007 |
| Listing Date | June 19, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹45 to ₹54 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 8,045,557 shares (aggregating up to ₹43.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,288,047 |
| Share holding post issue | 18,333,604 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹6,750 |
| Retail (Max) | 29 | 3625 | ₹195,750 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 86.76% |
| Share Holding Post Issue | 50.6% |
Incorporated in 2004, Decolight Ceramics Limited is in the business of manufacturing Vitrified Ceramic Tiles used as floor tiles. Decolight is among the fastest growing company in this field.
Promoter of this Decolight Ceramics Mr. Girishkumar is Chairman of Indian Council of Ceramic Tiles and Sanitary wares Association (ICCTAS) and President of Gujarat Ceramic Tiles Manufacturers Association.
Brand: Granolite
Vitrified Ceramic Tiles are used as floor tiles in Residential complexes, Commercial complexes (SEZ’s, I.T. Parks, Airports, Hotels, Web Worlds, Call Centres etc.) and Retail spaces (Shopping Malls, Multiplexes etc.). They are quite popular these days as they cost one fourth of Italian Marble. They look elegant like marble and are available in excellent quality and durability.
| KPI | Values |
|---|---|
| RoNW | 25.95% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for
1. Expansion of the capacity of vitrified tiles from 6000 sq.meters per day to 12000 sq. meters per day;
2. Establishment of manufacturing facilities of aluminum composite panels (ACP);
3. Setting up 4.6 MW wind turbine generators.
4. Additional office & factory buildings and godowns.
5. Other fixed assets / GEB Deposit & Line charges, extra space etc.
6. Margin money for Working capital requirements.
The Decolight IPO is subscribed 1.53 times on May 29, 2007 5:00:00 PM. The public issue subscribed 3.10 times in the retail category, 0.26 times in the QIB category, and 2.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | June 19, 2007 |
| BSE Script Code | 532858 |
| NSE Symbol | DECOLIGHT |
| ISIN | INE172I01012 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹54.00 |
| ₹57.00 |
| ₹43.50 |
| ₹65.90 |
| ₹44.50 |
| NSE |
|---|
| ₹54.00 |
| ₹70.00 |
| ₹43.50 |
| ₹70.00 |
| ₹44.65 |
Decolight Ceramics Limited
Behind Romer Ceramics, Ghuntu Road,
213, Sabari Kachigam,
Morbi – 363 642, Gujarat, India
Phone: + 91 2822 241 988
Email: dcl@decocovering.com
Website: http://www.decocovering.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Decolight IPO is a main-board IPO of 8,045,557 equity shares of the face value of ₹10 aggregating up to ₹43.45 Crores. The issue is priced at ₹45 to ₹54 per share. The minimum order quantity is 125 Shares.
The IPO opens on May 24, 2007, and closes on May 29, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Decolight IPO opens on May 24, 2007 and closes on May 29, 2007.
Decolight IPO lot size is 125 Shares, and the minimum amount required is ₹6,750.
You can apply in Decolight IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Decolight IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Decolight IPO allotment status.
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