Rushil Decor IPO (Initial Public Offering) : Subscribed 0.73 times on Day 2

by khalid on 22/06/2011 · 0 comments

The IPO of Rushil Decor Limited has received a very little response from the investors with the 2nd day subscription figure reached to just 0.73 times on an overall basis. Rushil Decor IPO (Initial Public Offering) opens on 20th Jun 2011 and will get closed on 23rd Jun 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors (RIIs) Category where it overbid by 1.75 times on the 2nd day of subscription. The price band for the issue is Rs 63 at lower level and Rs 72 at upper level. Rushil Decor Limited is a leading Indian manufacturer of decorative high pressure laminates and plain particle boards.

The category-wise subscription status of IPO on closing of 2nd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.23 times
Non Institutional Investors : 0.00 times
Retail Individual Investors : 1.75 times
Overall : 0.73 times

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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