Rushil Decor Rights Issue

Rushil Decor Rights Issue will open for subscription from 02 May 2023. the company aims for an issue size of ₹107.49 Crores through this rights Issue.

About the company

Incorporated in 1993, Rushil Decor Limited is a flagship company of the Rushil Group that manufactures Decorative Laminated Sheets, Medium Density Fibre Board, and a Poly Vinyl Chloride Board. The Company currently owns five manufacturing facilities out of which three manufacturing units are located in Gujarat and one each in Karnataka and Andhra Pradesh respectively. Each of these facilities has the ability to manufacture various ranges and sizes of Laminated Sheets, Medium Density Fibre boards, and Poly Vinyl Chloride Foam boards.

The company also has an in-house design team that is responsible for creating new designs for products as per the market demand. Rushil Decor’s brands include “VIR LAMINATE”, “VIR MDF”, “VIR PROPLUS”, “VIR MAXPRO”, “VIR PRELAM MDF”, “VIR PVC” and “VIR STUDIO”. The company has operations in Kenya, Kuwait, Qatar, South Africa, Sri Lanka, UAE, Nepal, and other countries.

Objectives of the Issue

  • Repayment or pre-payment in full or part, of certain identified unsecured loans availed by the company from the Promoter and members of the Promoter Group.
  • To augment the existing and incremental working capital requirement and general corporate purposes.

Rights Issue Timetable

Last Date to buy shares12 April 2023
Record Date13 April 2023
Credit of Rights Entitlements
Bid/Offer Opens On02 May 2023
Renunciation of Rights Entitlements08 May 2023
Bid/Offer Closes On12 May 2023
Deemed Date of Allotment
Credit Date
Listing Date

Rushil Decor Rights Issue Details

Issue OpenMay 2, 2023 – May 12, 2023
Security NameRushil Decor Limited
Issue Size (Shares)6,635,421
Issue Size (Amount)₹107.49 Crores
Issue Price₹162 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of PaymentThe entire amount of the issue price of ₹ 162/- per rights equity share shall be payable at the time of application.
Entitlement1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • Saffron Capital Advisors Private Limited

Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

Company Contact Information

Rushil Decor Limited
S. No. 125, Near Kalyanpura Patia,
Gandhinagar Mansa Road, Kalol,
Village Itla, Gandhinagar – 382 845

Phone: +91 98 2543 8039

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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