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Rushil Decor Limited Rights Issue (Rushil Decor Rights Issue 2023) Detail

May 2, 2023 - May 12, 2023
Rushil Decor Limited Logo

Incorporated in 1993, Rushil Decor Limited is a flagship company of the Rushil Group that manufactures Decorative Laminated Sheets, Medium Density Fibre Board, and Poly Vinyl Chloride Board.

The Company currently owns five manufacturing facilities out of which three manufacturing units are located in Gujarat and one each in Karnataka and Andhra Pradesh respectively. Each of these facilities has the ability to manufacture various ranges and sizes of Laminated Sheets, Medium Density Fibre Board and Poly Vinyl Chloride Foam Board

The company also has an in-house design team which is responsible for creating new designs for products as per the market demand.

Rushil Decor's brands include "VIR LAMINATE", "VIR MDF", "VIR PROPLUS", "VIR MAXPRO", "VIR PRELAM MDF", "VIR PVC" and "VIR STUDDIO".

The company has its operations in Kenya, Kuwait, Qatar, South Africa, Sri Lanka, UAE, Nepal, and other countries.

Rushil Decor Rights Issue 2023 Detail

Issue Open May 2, 2023 - May 12, 2023
Security Name Rushil Decor Limited
Issue Size (Shares) 6,635,421
Issue Size (Amount) ₹107.49 Crores
Issue Price ₹162 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the issue price of ₹ 162/- per rights equity share shall be payable at the time of application.

Entitlement 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Rushil Decor Rights Issue 2023 Issue Timetable

Last Date to buy sharesApril 12, 2023
Record Date April 13, 2023
Credit of Rights Entitlements April 20, 2023
Bid/Offer Opens On May 2, 2023
Renunciation of Rights Entitlements May 8, 2023
Bid/Offer Closes On May 12, 2023
Deemed Date of Allotment May 23, 2023
Credit Date May 26, 2023
Listing Date May 31, 2023

Company Financials

Rushil Decor Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-21808.43339.7713.72264.15378.06
31-Mar-22886.76625.5822.80286.79419.11
Amount in ₹ Crore

Objects of the Issue:

The proceeds from the issue will be used for the following objects:

  1. Repayment or pre-payment in full or part, of certain identified unsecured loans availed by the company from the Promoter and members of the Promoter Group.
  2. To augment the existing and incremental working capital requirement and general corporate purposes.

Rushil Decor Rights Issue 2023 Documents

Rushil Decor Rights Issue 2023 Rating

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Rushil Decor Rights Issue 2023 Reviews

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
Email: ipo@rushil.com
Website: http://www.rushil.com

Rushil Decor Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Rushil Decor Rights Issue 2023 Lead Manager(s)

Rushil Decor Rights Issue 2023 FAQs

The Rushil Decor Rights Issue 2023 opens on May 2, 2023, and closes on May 12, 2023.

Rushil Decor Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsApril 20, 2023
Last Date for renunciation of Rights EntitlementsMay 8, 2023
Issue Opening DateMay 2, 2023
Issue Closing DateMay 12, 2023
Date of Allotment (on or about)May 23, 2023
Date of Credit (on or about)May 26, 2023
Date of Listing (on or about)May 31, 2023

Rushil Decor Rights Issue 2023 price is set at ₹162 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (April 13, 2023).

The record date for the Rushil Decor Rights Issue 2023 is April 13, 2023.

The issue size of Rushil Decor Rights Issue 2023 is of 6,635,421 equity shares at ₹162 per share aggregating upto ₹107.49 Crores.

The Letter of Offer for Rushil Decor Rights Issue 2023 can be download here.

You can apply for Rushil Decor Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Rushil Decor Rights Issue 2023 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 2023 available on the list.
  4. Click the Apply button next to the Rushil Decor Rights Issue 2023.
  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 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Rushil Decor Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

5 Comments

5. SHAILESH     Link|May 31, 2023 4:29:17 PM
TILL DATE NO CREDIT RUSHIL DECOR PLEASE HELP
4. Md ali     Link|May 26, 2023 5:30:04 PM
Sir mainai 62 share buy kiya ha ,12 may ko abhi tak koi update nahi ha ,Pls conform ki share kis date ko merai demat account mai show karaiga
3. ashish     Link|May 15, 2023 9:22:23 PM
i hold 50shares but i applied extra450 total 500 so how much i will be get from right issue
2. kartik     Link|May 15, 2023 12:01:15 PM
Mein right issue apply date missed kiya hai, muje right fill karna hai, mere pass right share 33 qty hai, kaise apply karu ?
1. Prash     Link|May 7, 2023 4:59:05 PM
anyone applied through using Yes bank ASBA ? It is asking to put investor category - options available are Shareholder , shareholder 1,2,3,4. Do anyone know which one to select?.

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