Rushil Decor Limited Right Issue

₹24.89 Cr BSE 21 Sep 2020 – 5 Oct 2020

Closed Ratio: 1 : 3 BSE
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Issue Price
₹50.00
Face Value
₹10.00
Issue Size (Shares)
4,977,111
Issue Size (₹ Cr.)
₹24.89
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Sep 11, 2020
Credit of Rights Entitlements
Bid/Offer Opens OnMon, Sep 21, 2020
Issue Open DateMon, Sep 21, 2020
Renunciation Last Date
Bid/Offer Closes OnMon, Oct 5, 2020
Issue Close DateMon, Oct 5, 2020
Deemed Date of Allotment
Credit Date
Listing Date
📋 Right Issue Details
Issue Size (Shares)4,977,111
Issue Size (Amount)₹24.89 Cr.
Issue Price₹50.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 3
Listing AtBSE
Terms of Payment₹12.50 per share payable on application, with the balance payable in call(s).
📊 Company Financials (Restated)
Period Ended2020-03-312019-03-312019-03-31
Income3,391.343,522.323,536.83
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1) Part repayment/prepayment of unsecured loans availed by the Company from the Promoter and members of the Promoter Group
2General corporate purposes.
🏢 About the Company
Incorporated in May 1993, Rushil Decor Limited (RDL) is one of the leading companies in the Laminate and MDF panel boards industry in India. RDL commenced its operations under the name and style of well-known product brand 'VIR laminate' and is engaged in the manufacturing of Decorative Laminated Sheets, MDF, and PVC with a network of branches, dealers, clearing &forwarding agents, and consignment agents across India. RDL has emerged as an interior infrastructure solutions provider and has three manufacturing plants located at Gujarat having an aggregate Laminate capacity of 34.9 lakh sheets per annum. RDL has set up an additional plant to manufacture thin and thick MDF to cope up with ever-increasing demand and make an entry in the niche segment of the market. RDL has an in-house design unit responsible for creating new designs as per the market demand. RDL has a nationwide network of marketing offices, branches, depots, consignment agents, and dealers across the country for marketing and distribution of Laminates, MDF, and PVC and a global footprint in around 42 countries. Company Strengths: 1. Strong brand and proven track record. 2. Experienced management team. 3. Widespread distribution network. 4. Strategic location of manufacturing units with modern facilities 5. In-house design capabilities. Company Strategies: 1. Expansion of capacity and manufacture new products. 2. Developing export opportunities for products. 3. Strengthening brand value. 4. Creating awareness of new products. 5. Tapping large real estate developers and corporate bodies.
📞 Company Contact
CompanyRushil Decor Limited
AddressS. No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Kalol, Village Itla
Gandhinagar - 382 845
Gandhinagar, Gujarat, 382845
Phone+91 98 2543 8039
Emailipo@rushil.com
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📝 Registrar
NameBigshare Services Pvt.Ltd
Phone+91-22-6263 8200
Emailrightsissue@bigshareonline.com
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