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Issue Open Date
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20-Jun-11
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Issue Closing Date
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23-Jun-11
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Application Money
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100
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Allotment Money
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Price Band
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63
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72
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Minimium Application No.
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90
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Issue Size (Shares)
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5643750
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Market Lot
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1
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Objective
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The Present issue is being made to raise the funds for the following purposes:1. Setting up of New Medium Density Fibre Board (MDF) plant at Plot No. 58 & 59, Amble Industrial Area, Taluka and District:Chikmagalur, Karnataka2. Margin for Working Capital Requirement3. Public Issue Expenses4. General Corporate Purpose.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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810000
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1089990
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1.34566666666667
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Qualified Institutional Buyers
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2700000
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625050
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0.2315
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Retail Individual Investors
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1890000
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12416940
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6.56980952380952
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Business Description
Rushil Decor Limited is the flagship company of the Rushil Group. Our Promoters have beenassociated with laminated production near about two decades under the brand “Vir Laminate”. OurCompany was incorporated in the year 1993 and today, we have modern state-of-art technology formanufacturering of Decorative Laminated Sheets with a network of branches, distributors and dealersacross India.Our Company is dedicated to constantly expanding and updating our product range in order to stayahead of the market. Our Company offers comprehensive engineered interior products which include:1. Decorative Laminate Sheets2. Plain Particle BoardsAll the products are manufactured by Our Company in integrated multi-product modern facilitiesstrategically located at Gujarat, Western part of India. Our manufacturing facilities have machineriesfrom the renowned manufacturers of equipment for this industry.In order to consolidate the efforts and for better administration , our group companies Viz Mica RushilPrivate limited and Rushil High Pressure laminates Private limited engaged in the same line of activityhave been amalgamated with the Company with effect from April 1,2005 pursuant to order ofGujarat High court. The combined installed capacity of the company for production of DecorativeLaminated Sheets is 30.00 Lakhs Sheets per annum.Mr. Krupesh Ghanshyambhai Thakkar, Managing Director of Our Company has more than a decadeof experience in trading and manufacture of plywood, laminates and allied products. He has beenconferred with accolades which include “Rajiv Gandhi Shiromani Award” and "Indira GandhiShadbhavna Award" in the year 2007, acknowledging his achievement in their field of work andcontribution to the Nation.
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Promoter's Holding
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Total Share Capital
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8756250
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Offered to Public
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5643750
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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55.55
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Address |
S No.125
Near Kalyanpura Patia
Gandhinagar – Mansa Road
Village Itla
Tal: Kalol
Gandhinagar Dist
Itla,
Gujarat,
382845
Phone : +91-79-26651346, +91-79-26622323
Email : info@rushil.com
Website : www.virlaminate.com
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village
Opp: Yashoda Hospital
Raj Bhavan Road
Somajiguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
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Corporate Strategic Allianz Ltd
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Promoters |
Ghanshyambhai Ambalal Thakkar
Ghanshyambhai Ambalal Thakkar (HUF)
Krupa Thakkar
Krupesh Ghanshyambhai Thakkar
Krupesh Ghanshyambhai Thakkar (HUF)
Rushil International
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