Rushil Decor Ltd Right Issue Review 2020

Right Issue Status: Closed [21st Sep 2020 to 5th Oct 2020]

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Incorporated in the year 1993, Rushil Décor Ltd is one of the leading companies in the Laminate and MDF panel boards industry in India. It offers a range of products including Laminates, MDF Boards, HDFWR (High-Density Fiber Water Resistant) Boards, Pre-Laminated Decorative MDF Boards, PVC Boards and also offer after-sales services under the VIR Brand.

Rushil Décor has modern in-house manufacturing facilities in Gujarat, Karnataka, and Andhra Pradesh. The company has a global footprint in around 42 countries which aims to create a strong place in its customers’ hearts through their design and different product categories. The company has an in-house design and merchandising team which works as an effective tool to covert the product as per customers’ needs.

Key details to Rushil Décor Ltd Right Issue 2020

  • Issue Price- Rs. 50 per equity share (including a premium of Rs 40 per share, FV of Rs 10 each)
  • Rights ratio- 1:3; 1 fully paid-up right issue share for every 3 equity shares held by eligible shareholders as on record date of Sept 11, 2020
  • Total no. of right shares proposed- 49,77,111 equity shares of face value Rs 10 each @ Rs 50 amounting to Rs 2489 Lakhs.

Rushil Decor Right Issue Objective

  • Repayment or prepayment of unsecured loans brought in by the Promoter and the group of Rs 1,832 Lakhs.
  • To use the funds towards general corporate purposes.

Rushil Decor Right Issue Details

Rushil Decor Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Rushil Decor Right Issue Details
Rushil Decor Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 49,77,111 Eq Shares
Right Issue Issue Size(Amount) ₹242.7 crore
Face Value ₹10 Per Equity Share
Right Issue Issue Price ₹50
Right Issue Record Date 11th Sep 2020
Right Issue Entitlement 1 fully paid up share for every 3 equity shares held on the Record Date
Right Issue Terms of payment Partly Paid-up
Listing At BSE, NSE
BSE Code 533470
NSE Code RUSHIL

Rushil Decor Financials

Rushil Décor Ltd’s revenue has fallen by 3.72% to Rs 335.60 Cr for the FY2019-20 from the past two years’ revenue of 343.74 Cr FY2018-19 and 343.52 Cr of FY2017-18. This decline takes place as the company has suspended its operations due to lockdown during the pandemic.

EBIT for FY2019-20 is Rs 31.76 Cr as against Rs 36.51 Cr in FY2018-19, which shows the decline of 13.01%. Rushil Décor has posted a higher PAT of Rs 23.05 Cr (Rs 14.34 crore in FY2018-19) and Net profit is 23.04 Cr and 14.33 Cr for the financial year 2019-20 and 2018-19 respectively.

Rushil Decor financial
Title FY 2020 FY 2019
Total revenue 339.13 352.23
PAT 23.05 14.34
EBITDA 40.05 45.14
Total Assets 758.80 578.21
EBIT 31.76 36.51
Reserves and surplus 213.47 172.47
Long term borrowings 1586.52 1413.30
Short term borrowings -120.44 -135.90
Debt to equity 1.74 1.24

Rushil Decor Right Issue Strengths

  • The company has a strong track record of 25 years of developing home-grown brands, leveraging its deep understanding and market research of the laminate industry
  • It has an experienced management team that has enabled the company in exploring and seize new opportunities and accordingly position itself in the interior infrastructure sector.
  • Rushil Décor has a widespread distribution network with an efficient supply chain, focused customer service, and short turnaround times.

Rushil Decor Right Issue Threats/Weaknesses

  • Outstanding litigations involved on the company, promoters, directors at different levels of adjudication before various courts and tribunals.
  • The company is facing cost overrun in the commercial production of thin and thick MDF. This may adversely affect the business, results of operations, and financial conditions.

Rushil Decor Right Issue Important Dates

In this section we have covered all important dates related to Rushil Decor Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Rushil Decor Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 21st Sep 2020
Right Issue Issue Close Date 5th Oct 2020
Basis of Allotment Finalisation Date* 14th Oct 2020
Refunds Initiation* 15th Oct 2020
Credit of Shares to Demat Account* 16th Oct 2020
Right Issue Listing Date* 20th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

Rushil Decor Right Issue Offer Document (Letter of Offer) >>Rushil Decor Right Issue Red Herring Prospectus is not yet available.

Rushil Decor Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Company Address

Rushil Decor Limited
Rushil House, Near Neelkanth Green Bungalow,
Off. Sindhu Bhavan Road,
Shilaj, Ahmedabad-380058.
Website: www.rushil.com/
Email: [email protected]
Phone: +91-79-6140-0400

Registrar

Bigshare Services Private Limited

1st floor, Bharat Tin Works Building,

Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East),

Mumbai- 400 059, Maharashtra, India.

E-mail: [email protected]

Website: www.bigshareonline.com

Contact person: Arvind Tandel

Investor grievance: [email protected]

Lead Manager

Saffron Capital Advisors Private Limited

605, Center Point, 6th floor,

Andheri Kurla Road, J. B. Nagar, Andheri (East),

Mumbai - 400 059, Maharashtra, India

E-mail: [email protected]

Website: www.saffronadvisor.com

Investor grievance: [email protected]

Contact Person: Amit Wagle / Gaurav Khandelwal

Rushil Decor Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Rushil Decor? Should I apply in Rushil Decor Right Issue?

Last Updated on 2020-09-15T05:27:01+00:00

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