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Rushil Decor IPO is a book build issue of ₹40.64 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹40.64 crore.
Rushil Decor IPO bidding started from Jun 20, 2011 and ended on Jun 23, 2011. The shares got listed on BSE, NSE on Jul 7, 2011.
Rushil Decor IPO price band is set at ₹72.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹5,670 (90 shares). The lot size investment for sNII is 31 lots (2,790 shares), amounting to ₹2,00,880, and for bNII, it is 155 lots (13,950 shares), amounting to ₹10,04,400.
Corporate Strategic Allianz Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹63 to ₹72 per share |
| Issue Price Final | ₹72 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 56,43,750 shares (aggregating up to ₹40.64 Cr) |
| Reserved for Private Promoter | 2,43,750 shares (aggregating up to ₹2 Cr) |
| Net Offered to Public | 54,00,000 shares (aggregating up to ₹38.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 87,56,250 shares |
| Share Holding Post Issue | 1,44,00,000 shares |
Rushil Decor IPO offers total 54,00,000 shares. Out of which 27,00,000 (50.00%) allocated to QIB, 8,10,000 (15.00%) allocated to NII, 18,90,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 27,00,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 8,10,000 (15.00%) | NA |
| Retail Shares Offered | 18,90,000 (35.00%) | 21,000 |
| Total Shares Offered | 54,00,000 (100.00%) |
Rushil Decor IPO opens on June 20, 2011, and closes on June 23, 2011.
| IPO Open Date | Mon, Jun 20, 2011 |
| IPO Close Date | Thu, Jun 23, 2011 |
| Tentative Listing Date | Thu, Jul 7, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 23, 2011 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,480 |
| Retail (Max) | 30 | 2,700 | ₹1,94,400 |
| S-HNI (Min) | 31 | 2,790 | ₹2,00,880 |
| S-HNI (Max) | 154 | 13,860 | ₹9,97,920 |
| B-HNI (Min) | 155 | 13,950 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| BSE Listing Group | B |
Rushil Decor Ltd.
S.No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Village Ilta,
Tal: Kalol, District: Gandhinagar – 382845 Gujarat
Gandhinagar, 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 56,43,750 equity shares of the face value of ₹10 aggregating up to ₹40.64 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 90.
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.
Zerodha customers can apply online in Rushil Decor IPO using UPI as a payment gateway. Zerodha customers can apply in Rushil Decor IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rushil Decor IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rushil Decor IPO opens on June 20, 2011 and closes on June 23, 2011.
Rushil Decor IPO lot size is 90, and the minimum amount required for application is ₹6,480.
You can apply in Rushil Decor IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Rushil Decor IPO listing date is on Thursday, July 7, 2011.
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