Rushil Decor IPO (initial public offering) : Listing on 7th July 2011

by khalid on 06/07/2011 · 0 comments

Rushil Decor Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 7th July 2011. The IPO was open between 20th June 2011 to 23rd Jun 2011. The price band was Rs 63 to Rs 72 and the Issue Price was fixed at the upper level of the price band, Rs 72 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 40.64 Crore. Rushil Decor Limited is a leading Indian manufacturer of decorative high pressure laminates and plain particle boards.

IPO Listing Detail :-
Listing Date: 7th July 2011
BSE Scrip Code : 533470
NSE Symbol : RUSHIL
Listing In : ‘B’ Group of Securities
ISIN : IINE573K01017
Issue Price : Rs. 72.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO are proposed to be utilized for setting up of medium density fibre board plant at Chikmagalur, Karnataka, margin for working capital requirement, public issue expenses and general corporate purpose.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book running lead manager (BRLM) to the issue are Corporate Strategic Allianz Limited and Report Indbank Merchant Banking Services Limited.

Registrar of the Issue : Bigshare Services Private Limited , Mumbai.

Stay tuned to BelltheBull Blog for more on Rushil Decor IPO !

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