The company has fixed price band at Rs63-Rs72
Rushil Decor said that it is entering the capital market with a public issue of 56,43,750 equity shares of face value Rs10 each on 20 June 2011. The company has fixed price band at Rs63-Rs72.
The issue includes promoter’s contribution of 2,43,750 equity shares and issue to the public of 54 lakh equity shares. The issue will close on 23rd June.
The company manufactures decorative laminated sheets with a network of branches, distributors and dealers across India. It offers comprehensive engineered interior products including decorative laminate sheets and plain particle boards.
Issue proceeds are proposed to be used for setting up of medium density fibre board plant at Amble Industrial Area in Chikmagalur (Karnataka); and for working capital requirement.
Corporate Strategic Allianz Ltd is the book running lead manager and Indbank Merchant Banking Services Ltd is the co-book running lead manager to the issue.
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