Bookbuilding IPO | ₹41 Cr | Listed at BSE, NSE | Mon, Jun 20, 2011 - Thu, Jun 23, 2011
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 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,480 (90 shares) (based on upper price). 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 Open
Mon, Jun 20, 2011
IPO Close
Thu, Jun 23, 2011
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹103.68 Cr
| IPO Date | 20 to 23 Jun, 2011 |
| Listed on | Thu, Jul 7, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹72 |
| Issue Price | ₹72 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,43,750 shares (agg. up to ₹41 Cr) |
| Reserved for Private Promoter | 2,43,750 shares (agg. up to ₹2 Cr) |
| Fresh Issue | 54,00,000 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 54,00,000 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 87,56,250 shares |
| Share Holding Post Issue | 1,44,00,000 shares |
| BSE Script Code / NSE Symbol | 533470 / RUSHIL |
| ISIN | INE573K01017 |
Rushil Decor IPO comprises a total issue size of 54,00,000 shares. The net offer to the public is 51,56,250 shares, after excluding 2,43,750 shares allotted on a firm basis. Of the Net offer 27,00,000 (50.00%) are allocated to QIB, 8,10,000 (15.00%) allocated to NII 18,90,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 27,00,000 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 8,10,000 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 18,90,000 | 35.00% | 35.00% | 21,000 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 2,43,750 | 4.51% | NA | |
| Total Shares Offered | 54,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land | 0.56 |
| 2 | Land Development | 1.10 |
| 3 | Building & Civil Construction | 14.46 |
| 4 | Plant & Machinery | 45.59 |
| 5 | Miscellaneous Fixed Assets | 0.25 |
| 6 | Preliminary & Pre operative Expenses | 5.00 |
| 7 | Contingency @ 5% | 3.04 |
| 8 | Margin of Working Capital Requirement | 3.37 |
| 9 | General Corporate Purpose | 9.59 |
| Total | 82.96 |
| KPI | |
|---|---|
| RoNW | 18.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.58% | 55.55% |
| Market Cap | ₹103.68 Cr. |
The Rushil Decor IPO is subscribed 2.62 times on June 23, 2011 5:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.23 | 27,00,000 | |
| NII | 1.35 | 8,10,000 | |
| Retail | 6.57 | 18,90,000 | |
| Total | 2.62 | 54,00,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees Payable to Book Running Lead Manager | 0.69 |
| 2 | Fees Payable to Co-Book Running Lead Manager | 0.17 |
| 3 | Fees Payable to Registrar | 0.09 |
| 4 | Fees Payable to Legal Advisor | 0.04 |
| 5 | Fees Payable to Appraising Entity | 0.04 |
| 6 | IPO Grading Fees | 0.02 |
| 7 | Advertising and Marketing Expenses | 0.26 |
| 8 | Printing and Stationery & Distribution | 0.25 |
| 9 | Brokerage | 0.23 |
| 10 | Others | 0.53 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹72.00 | ₹72.00 |
| Open | ₹81.25 | ₹74.50 |
| Low | ₹75.00 | ₹74.50 |
| High | ₹124.05 | ₹124.05 |
| Last Trade | ₹119.65 | ₹119.50 |
Lead Manager Reports
Rushil Decor IPO is a main-board IPO of 56,43,750 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 90.
The IPO opens on Mon, Jun 20, 2011, and closes on Thu, Jun 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 Mon, Jun 20, 2011 and closes on Thu, Jun 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 Thu, Jul 7, 2011.
