Rushil Decor IPO (initial public offering) : Sets IPO price band at Rs 63 to Rs 72

by khalid on 17/06/2011 · 0 comments

Rushil Decor Limited is entering into primary market with an Initial Public Offering (IPO) of 5,643,750 Equity Shares of Rs 10 each. The IPO is opening on 20th Jun 2011 and the shares will be available for subscription up to 23rd Jun 2011. The premium of the issue will be decided through a 100% Book Building Process. Rushil Decor Limited sets IPO price band at Rs 63 to Rs 72. The company is likely to raise around Rs 40.64 Crore through the issue at the upper level of price band. Rushil Decor Limited is a leading Indian manufacturer of decorative high pressure laminates and plain particle boards.

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).

IPO Summary :-
IPO Open : 20th May 2011 – 23rd Jun 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : 5,643,750 Equity Shares of Rs 10 each
IPO Size : Rs 35.56 – 40.64 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 63 – Rs 72 Per Equity Share
Minimum Bid Quantity : 90 Shares (Rs. 6480 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 2700 Shares (Rs. 194400 with 30 Lots ) @ upper level of price band
Listing At : BSE, 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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