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Rushil Decor IPO is a book built issue of Rs 40.64 crores.
Rushil Decor IPO bidding started from June 20, 2011 and ended on June 23, 2011. The shares got listed on BSE, NSE on July 7, 2011.
Rushil Decor IPO price band is set at ₹63 to ₹72 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,480.
Corporate Strategic Allianz Ltd and Indbank Merchant Banking Services Limited are the book running lead managers of the Rushil Decor IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Rushil Decor IPO RHP for detailed information.
| IPO Date | June 20, 2011 to June 23, 2011 |
| Listing Date | July 7, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹72 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 5,643,750 shares (aggregating up to ₹40.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 8,756,250 |
| Share holding post issue | 14,400,000 |
Rushil Decor IPO offers 5,400,000 shares. 2,700,000 (50.00%) to QIB, 810,000 (15.00%) to NII, 1,890,000 (35.00%) to RII. 21,000 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,790 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,700,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 810,000 (15.00%) | |
| Retail Shares Offered | 1,890,000 (35.00%) | 21,000 |
| Total Shares Offered | 5,400,000 (100%) |
Investors can bid for a minimum of 90 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 | 90 | ₹6,480 |
| Retail (Max) | 30 | 2700 | ₹194,400 |
| Lot Size Calculator | |||
The Individual Promoters of the company are:
1. Mr. Ghanshyambhai Ambalal Thakkar, aged 66 years is the Chairman Cum Whole Time Director of the company.
2. Mr. Krupesh Ghanshyambhai Thakkar, aged 40 years is the Managing Director of the company.
| Share Holding Pre Issue | 88.58% |
| Share Holding Post Issue | 55.55% |
Incorporated in 1993, Rushil Decor Ltd, a flagship company of the Rushil Group is a leading Indian manufacturer of decorative high pressure laminates and plain particle boards. They operate in India and internationally with brand names of Vir laminate and Rushil decor premium laminate. They have four manufacturers of particle board products and decorative laminated products in Gujarat state. Vir Laminate is the largest seller of Laminated sheets and Particle Board in India.
Company offers comprehensive engineered interior products which include:
1. Decorative Laminate Sheets
2. Industry laminate Sheets
3. Rushil Kitchen Door
4. Plain Particle Boards
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 9662.57 | 10262.67 | 9679.62 | 8071.97 | 7926.23 | 7306.99 |
| Profit After Tax (PAT) | 375.90 | 385.39 | 277.53 | 204.52 | 242.28 | 159.59 |
| KPI | Values |
|---|---|
| RoNW | 18.06% |
The object of the issue are to:
1. Setting up of Medium Density Fibre Board (MDF) plant at Plot No. 58 & 59, Amble Industrial Area, Taluka and District: Chikmagalur, Karnataka;
2. Margin for Working Capital Requirement;
3. Public Issue Expenses;
4. General Corporate Purpose.
The Rushil Decor IPO is subscribed 2.62 times on June 23, 2011 5:00:00 PM. The public issue subscribed 6.57 times in the retail category, 0.23 times in the QIB category, and 1.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.23 |
| NII | 1.35 |
| Retail | 6.57 |
| Total | 2.62 |
ICRA has assigned an IPO Grade 2 to Rushil Decor IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Rushil Decor IPO Grading Report
| Listing Date | July 7, 2011 |
| BSE Script Code | 533470 |
| NSE Symbol | RUSHIL |
| ISIN | INE573K01017 |
| Final Issue Price | ₹72 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹72.00 |
| ₹81.25 |
| ₹75.00 |
| ₹124.05 |
| ₹119.65 |
| NSE |
|---|
| ₹72.00 |
| ₹74.50 |
| ₹74.50 |
| ₹124.05 |
| ₹119.50 |
Rushil Decor Ltd
S.No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Village Ilta,
Tal: Kalol, District: Gandhinagar – 382845 Gujarat
Phone: + 91 – 2764287487
Email: ipo@rushil.com
Website: http://www.rushil.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: fclipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rushil Decor IPO is a main-board IPO of 5,643,750 equity shares of the face value of ₹10 aggregating up to ₹40.64 Crores. The issue is priced at ₹63 to ₹72 per share. The minimum order quantity is 90 Shares.
The IPO opens on June 20, 2011, and closes on June 23, 2011.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Rushil Decor IPO opens on June 20, 2011 and closes on June 23, 2011.
Rushil Decor IPO lot size is 90 Shares, and the minimum amount required is ₹6,480.
You can apply in Rushil Decor 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 Rushil Decor IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rushil Decor IPO allotment status.
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