Rushil Decor’s initial public offer (IPO) has got subscribed 2.62 times on the last day of the issue. The issue was opened for subscription from June 20, 2011 to June 23, 2011. QIB portion of the issue was subscribed just 0.23 times, non institutional investors’ portion was subscribed 1.35%, while the retail portion received overwhelming response and was subscribed 6.57%.
As per the data available with the NSE, total bid of 14131980 shares were received for the issue of 5400000 shares, while 10823040 bids were received at the cut-off price.
The company came up with a 100 percent book built public issue of 56,43,750 equity shares in a price band of Rs 63-72. Book running lead manager to the issue is Corporate Strategic Allianz Limited, while co-book running lead manager is Indbank Merchant Banking Services.
Rushil Decor is the flagship company of the Rushil Group; it presently offers comprehensive engineered interior products which include, Decorative Laminate Sheets and Plain Particle Boards. The company has set up a large distribution network and operates through 5 marketing offices, 14 Consignment agents and 70 distributors.
Company Name | CMP |
---|---|
Greenlam Industries | 592.00 |
Stylam Industries | 1740.00 |
Rushil Decor | 316.70 |
Deco-Mica | 85.76 |
Alfa Ica (India) | 69.04 |
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