Issue Price: Rs. 63 - Rs. 72 Per Equity Share


Allotment Status: http://www.bigshareonline.com/IPO/ipostatus.aspx

Issue Detail:
»» Issue Open: Jun 20, 2011 - Jun 23, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 5,643,750 Equity Shares of Rs. 10
»» Issue Size: Rs. 35.56 - 40.64 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Minimum Order Quantity:
»» Listing At: BSE, NSE

Bid Details:
Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 2,700,000  810,000  1,890,000  5,400,000 
 Day 1 - Jun 20, 2011 17:00 IST 0.0000 0.0000 1.5200 0.5300 
 Day 2 - Jun 21, 2011 17:00 IST 0.2300 0.0000 1.7500 0.7300 
 Day 3 - Jun 22, 2011 17:00 IST 0.2300 0.0000 2.1200 0.8600 
 Day 4 - Jun 23, 2011 17:00 IST 0.2300 1.3500 6.5700 2.6200 


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

Company Promoters:
The Individual Promoters of the company are:
1. Mr. Ghanshyambhai Ambalal Thakkar, aged 66 years is the Chairman Cum Whole Time Director of the company.
2. Mr. Krupesh Ghanshyambhai Thakkar, aged 40 years is the Managing Director of the company.

Objects of the Issue:
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.