Rushil Decor IPO Basis of Allotment

RUSHIL DECOR LIMITED

(Our Company was incorporated on May 24,1993 as 'Rushil Decor Private Limited' under the provisions of the Companies Act, 1956 with Registrar of Companies, Gujarat, Dadra & Nagar Haveli and subsequently, the name of our Company changed to 'Rushil Decor Limited' on December 4,2007 vide a fresh certificate of incorporation on becoming a public limited company. Our company has been allocated Corporate Identification number U25209GJ1993PLC019532. For details of changes in our registered office, see the section 'History and Other Corporate Matters' beginning on page no 142 of the Red Herring Prospectus)

REGISTERED OFFICE: S.No.125, Near Kalyanpura Patia, Gandhinagar Mansa Road, Village llta, Tal: Kalol, District: Gandhinagar - 382845 Gujarat, India, Tel. No. + 91-2764-287 487,287 777; Fax No. + 91-2764-287 700
CORPORATE OFFICE: 1, Krinkal Apartment, Opp. Mahalaxmi Temple, Near Mahalaxmi Char Rasta, Paldi, Ahmedabad - 380007, Gujarat, India Tel No: +91-79-26651346/ 2662 2323; Fax No: +91-79-2664 0969;
Email id: ipo@rushil.com; Website: www.virlaminate.com
Company Secretary & Compliance Officer: Mr. Hasmukh Kanubhai Modi

BASIS OF ALLOTMENT

THE FACE VALUE PER EQUITY SHARE IS Rs.10/- EACH FOR A CASH AT A PRICE OF Rs. 72/- EACH THE ISSUE PRICE IS 7.2 TIMES OF THE FACE VALUE
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited. ('BSE') & National Stock Exchange of India Limited. ('NSE')

This Issue was made through a 100% Book Building Process wherein upto 50% of the Net Issue (subject to mandatorily minimum 10%) will be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocation to the QIBs, 5% will be available for allocation to Mutual Funds only. Mutual Fund Bidders shall also be eligible for proportionate allocation under the balance available for the QIBs. Further, at least 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and at least 35% of the Net Issue shall be available forallocation on a proportionate basis to Retail Individual Bidders, as per the allotment procedure specified in the regulations, subject to valid bids being received at or above the Issue Price.
The Issue received 5,808 applications for 13,792,320 equity shares from Qualified Institutional Buyers, Non-Institutional and Retail Individual Bidders resulting in 2.55 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional and Retail Individual Investors categories are as under: (Before technical rejections)

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on July 01,2011

A. Allocation to Retail Individual Investors (AfterTechnical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.72 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 3.21 times. The total number of shares allotted in Retail Individual Investor category is 36,84,960 Equity Shares to 5,289 successful applicants which includes the spill over of 14,52,465 equity shares from QIB Category and 3,42,495 equity shares from Non-Institutional Category. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non-Institutional Investors, who have bid atthe Issue Price of Rs.72 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.76 times. The total number of shares allotted in this category is 10,89,990 Equity Shares to 16 successful applicants, which includes the spill over of 6,22,485 equity shares from QIB Category. The category-wise details of the Basis of Allocation are under:

C. Allocation to QIBs

The Board of Directors of the Company at its Meeting held at Registered Office of the Company on 2nd July, 2011 has taken on record the basis of allocation of shares approved by the Designated Stock Exchange the Bombay Stock Exchange Limited (BSE) and has authorised the Corporate Action for the transfer of shares to various successful applicants.

Dates of dispatch of Refund Warrants, Credit to Beneficiary Accounts, Refund Instructions and Listing Details