This is only an advertisement
for information purposes and not a prospectus announcement
RUSHIL DECOR LIMITED
(Our Company was incorporated on May 24,1993 as "Rushil Decor Private
Limited" under the provisions of the Companies Act, 1956 with Registrar of Companies,
Gujarat, Dadra & Nagar Haveli and subsequently, the name of our Company changed to
"Rushil Decor Limited" on December 4,2007 vide a fresh certificate of
incorporation on becoming a public limited company. Our company has been allocated
Corporate Identification number U25209GJ1993PLC019532. For details of changes in our
registered office, see the section "History and Other Corporate Matters"
beginning on page no 142 of the Red Herring Prospectus)
REGISTERED OFFICE: S.No.125, Near Kalyanpura Patia, Gandhinagar
Mansa Road, Village llta, Tal: Kalol, District: Gandhinagar - 382845 Gujarat, India, Tel.
No. + 91-2764-287 487,287 777; Fax No. + 91-2764-287 700
CORPORATE OFFICE: 1, Krinkal Apartment, Opp. Mahalaxmi Temple, Near Mahalaxmi Char
Rasta, Paldi, Ahmedabad - 380007, Gujarat, India Tel No: +91-79-26651346/ 2662
2323; Fax No: +91-79-2664 0969;
Email id: ipo@rushil.com; Website: www.virlaminate.com
Company Secretary & Compliance Officer: Mr. Hasmukh Kanubhai Modi
BASIS OF ALLOTMENT
Public Issue of 56,43,750 Equity Shares of Rs. 10/- each of Rushil Decor Limited
(hereinafter referred to as the "Company" or "Issuer" or
"RDL") at a price of Rs. 72 per Equity Share for cash aggregating Rs. 4063.50
lakhs (hereinafter referred to as the "Issue") including Promoter's Contribution
of 2,43,750 Equity Shares of Rs.10/- each at a price of Rs. 72 per Equity Share for cash
aggregating Rs. 175.50 lakhs (hereinafter referred to as the "Promoter's
Contribution") and Net Issue to the public of 54,00,000 Equity Shares at a price of
Rs. 72 per Equity Share aggregating Rs. 3888.00 lakhs (hereinafter referred to "Net
Issue"). The Net Issue will constitute 37.50% of the post Issue paid-up capital of
our Company.
THE FACE VALUE PER EQUITY SHARE IS Rs.10/- EACH FOR A CASH AT A PRICE OF Rs. 72/- EACH
THE ISSUE PRICE IS 7.2 TIMES OF THE FACE VALUE
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange
Limited. ("BSE") & National Stock Exchange of India Limited.
("NSE")
This Issue was made through a 100% Book Building Process wherein upto 50% of the Net
Issue (subject to mandatorily minimum 10%) will be allocated to Qualified Institutional
Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above
the Issue Price. Out of the portion available for allocation to the QIBs, 5% will be
available for allocation to Mutual Funds only. Mutual Fund Bidders shall also be eligible
for proportionate allocation under the balance available for the QIBs. Further, at least
15% of the Net Issue shall be available for allocation on a proportionate basis to Non
Institutional Bidders and at least 35% of the Net Issue shall be available forallocation
on a proportionate basis to Retail Individual Bidders, as per the allotment procedure
specified in the regulations, subject to valid bids being received at or above the Issue
Price.
The Issue received 5,808 applications for 13,792,320 equity shares from Qualified
Institutional Buyers, Non-Institutional and Retail Individual Bidders resulting in 2.55
times subscription. The details of the applications received in the Issue from QIBs,
Non-Institutional and Retail Individual Investors categories are as under: (Before
technical rejections)
| Category |
No. of Applications |
No.of Shares |
No. of times Subscription |
| Qualified Institutional Investors |
01 |
625050 |
0.23 |
| Non Instititutional Bidders |
16 |
1089990 |
1.35 |
| Retail Individual Bidders |
5791 |
12077280 |
6.39 |
| Total |
5808 |
13792320 |
2.55 |
Final Demand
The final demand at different bid prices is as under:
| Bid Price |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % to Total |
| 63.00 |
2880 |
0.00 |
14131440 |
100.00% |
| 64.00 |
810 |
0.00 |
14128560 |
99.98% |
| 65.00 |
3060 |
0.00 |
14127750 |
99.97% |
| 67.00 |
0 |
0.00 |
14124690 |
99.95% |
| 68.00 |
0 |
0.00 |
14124690 |
99.95% |
| 69.00 |
180 |
0.00 |
14124690 |
99.95% |
| 70.00 |
540 |
0.00 |
14124510 |
99.95% |
| 71.00 |
90 |
0.00 |
14123970 |
99.94% |
| 72.00 |
3301380 |
0.61 |
14123880 |
99.94% |
| CUTOFF |
10822500 |
2.00 |
10822500 |
76.58% |
The Basis of Allocation was finalized in consultation with the Bombay
Stock Exchange Limited ("BSE") on July 01,2011
A. Allocation to Retail Individual Investors (AfterTechnical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at
the Issue Price of Rs.72 per Equity Share, was finalized in consultation with BSE. This
category has been over subscribed to the extent of 3.21 times. The total number of shares
allotted in Retail Individual Investor category is 36,84,960 Equity Shares to 5,289
successful applicants which includes the spill over of 14,52,465 equity shares from QIB
Category and 3,42,495 equity shares from Non-Institutional Category. The category-wise
details of the Basis of Allocation are as under:
| Category |
No. of Applications Shares applied |
% to total |
Total No. of Equity Shares allocated |
% to total |
No. of Equity Shares allocated |
Ratio |
Total No. of Equity |
| 90 |
392 |
6.98 |
35280 |
0.30 |
10995 |
14:45 |
10980 |
| 180 |
148 |
2.63 |
26640 |
0.23 |
8302 |
23:37 |
8280 |
| 270 |
67 |
1.19 |
18090 |
0.15 |
5638 |
62:67 |
5580 |
| 360 |
88 |
1.57 |
31680 |
0.27 |
9873 |
1:1 |
9856 |
| 450 |
66 |
1.17 |
29700 |
0.25 |
9256 |
1:1 |
9240 |
| 540 |
36 |
0.64 |
19440 |
0.16 |
6058 |
1:1 |
6048 |
| 630 |
48 |
0.85 |
30240 |
0.26 |
9424 |
1:1 |
9408 |
| 720 |
45 |
0.80 |
32400 |
0.27 |
10097 |
1:1 |
10080 |
| 810 |
9 |
0.16 |
7290 |
0.06 |
2272 |
1:1 |
2268 |
| 900 |
47 |
0.84 |
42300 |
0.36 |
13182 |
1:1 |
13160 |
| 990 |
6 |
0.11 |
5940 |
0.05 |
1852 |
1:1 |
1854 |
| 1080 |
6 |
0.11 |
6480 |
0.05 |
2020 |
1:1 |
2022 |
| 1170 |
5 |
0.09 |
5850 |
0.05 |
1823 |
1:1 |
1825 |
| 1260 |
2 |
0.04 |
2520 |
0.02 |
785 |
1:1 |
786 |
| 1350 |
724 |
12.88 |
977400 |
8.27 |
304595 |
1:1 |
304804 |
| 1440 |
10 |
0.18 |
14400 |
0.12 |
4488 |
1:1 |
4490 |
| 1530 |
3 |
0.05 |
4590 |
0.04 |
1430 |
1:1 |
1431 |
| 1620 |
6 |
0.11 |
9720 |
0.08 |
3029 |
1:1 |
3030 |
| 1710 |
8 |
0.14 |
13680 |
0.12 |
4263 |
1:1 |
4264 |
| 1800 |
13 |
0.23 |
23400 |
0.20 |
7292 |
1:1 |
7293 |
| 1890 |
2 |
0.04 |
3780 |
0.03 |
1178 |
1:1 |
1178 |
| 1980 |
1 |
0.02 |
1980 |
0.02 |
617 |
1:1 |
617 |
| 2070 |
3 |
0.05 |
6210 |
0.05 |
1935 |
1:1 |
1935 |
| 2160 |
2 |
0.04 |
4320 |
0.04 |
1346 |
1:1 |
1346 |
| 2250 |
24 |
0.43 |
54000 |
0.46 |
16828 |
1:1 |
16824 |
| 2340 |
1 |
0.02 |
2340 |
0.02 |
729 |
1:1 |
729 |
| 2430 |
4 |
0.07 |
9720 |
0.08 |
3029 |
1:1 |
3028 |
| 2520 |
3 |
0.05 |
7560 |
0.06 |
2356 |
1:1 |
2355 |
| 2610 |
2 |
0.04 |
5220 |
0.04 |
1627 |
1:1 |
1626 |
| 2700 |
3849 |
68.49 |
10392300 |
87.89 |
3238641 |
1:1 |
3237009 |
| 2700 |
|
|
|
|
1 |
13:31 |
1614 |
B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non-Institutional Investors, who have bid atthe Issue Price
of Rs.72 per Equity Share, was finalized in consultation with BSE. This category has been
subscribed to the extent of 0.76 times. The total number of shares allotted in this
category is 10,89,990 Equity Shares to 16 successful applicants, which includes the spill
over of 6,22,485 equity shares from QIB Category. The category-wise details of the Basis
of Allocation are under:
| Category |
No. of Applications |
% to total |
Total No. of Equity Shares applied |
% to total |
No. of Equity Shares allocated |
Ratio |
Total No. of Equity Shares allocated |
| 3060 |
1 |
6.25 |
3060 |
0.28 |
4022 |
1:1 |
3060 |
| 4050 |
2 |
12.50 |
8100 |
0.74 |
10645 |
1:1 |
8100 |
| 5040 |
1 |
6.25 |
5040 |
0.46 |
6624 |
1:1 |
5040 |
| 5400 |
1 |
6.25 |
5400 |
0.50 |
7097 |
1:1 |
5400 |
| 7020 |
2 |
12.50 |
14040 |
1.29 |
18452 |
1:1 |
14040 |
| 9990 |
1 |
6.25 |
9990 |
0.92 |
13129 |
1:1 |
9990 |
| 13500 |
1 |
6.25 |
13500 |
1.24 |
17742 |
1:1 |
13500 |
| 13860 |
1 |
6.25 |
13860 |
1.27 |
18215 |
1:1 |
13860 |
| 69480 |
1 |
6.25 |
69480 |
6.37 |
91312 |
1:1 |
69480 |
| 138600 |
1 |
6.25 |
138600 |
12.72 |
182151 |
1:1 |
138600 |
| 156240 |
1 |
6.25 |
156240 |
14.33 |
205333 |
1:1 |
156240 |
| 166680 |
1 |
6.25 |
166680 |
15.29 |
219054 |
1:1 |
166680 |
| 208260 |
1 |
6.25 |
208260 |
19.11 |
273699 |
1:1 |
208260 |
| 277740 |
1 |
6.25 |
277740 |
25.48 |
365011 |
1:1 |
277740 |
C. Allocation to QIBs
| Category |
FIS/Banks |
MFs |
Flls |
Insurance Companies |
Total |
| No. of Shares |
6,25,050 |
- |
- |
- |
6,25,050 |
The Board of Directors of the Company at its Meeting held at Registered Office of the
Company on 2nd July, 2011 has taken on record the basis of allocation of shares approved
by the Designated Stock Exchange the Bombay Stock Exchange Limited (BSE) and has
authorised the Corporate Action for the transfer of shares to various successful
applicants.
Dates of dispatch of Refund Warrants, Credit to Beneficiary Accounts, Refund
Instructions and Listing Details
| Activity |
Date of Completion |
| Approval of Basis of Allotment by BSE |
July 1,2011 |
| Instructions to the Self Certified Syndicate Banks (SCSBs) by the
Registrar |
July 2,2011 |
| Dispatch of Allotment Advices .Refund Warrants and ECS Intimation Note |
July 4,2011 |
| Refund Instructions to the Clearing System (in case of Refunds through
ECS system) |
July 2,2011 |
| Listing Application to BSE & NSE |
July 4,2011 |
| Credit to Beneficiary Accounts |
July 5,2011 |
Refunds have been made through NECS and Direct Credit into the Bank
Accounts of applicants, as registered with the Depositories. For other applicants refund
warrant have been dispatched to the address of the investors as registered with the
depositories. In case the same is not received within ten days, investors may contact
atthe address given below. The refund warrant has been over-printed with the Bank Mandate
details as registered, if any, with the depositories. The shares allocated to successful
applicants have been credited to their beneficiary accounts subject to validation of the
account details with the depositories concemed.The Company is taking steps to get the
equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock
Exchange of India Limited subject to receipt of necessary approvals.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the
Issue, Bigshare Services Pvt. Ltd. at website: www.bigshareonline.com
All future correspondence in this regard may kindly be addressed to the
Registrars to the Issue quoting full name of the First/Sole applicant, Serial number of
the Bid cum Application Form, number of shares bid for, name of the Member of the
Syndicate and Place where the bid was submitted and payment details atthe address given
below:
BIGSHARE SERVICES PVT. LTD.
E/2, Ansa Industrial Estate, Sakivihar Road, Sakinaka,
Andheri (E), Mumbai - 400 072
Tel: +91-22-404 30 200, Fax: +91-22-28475207
Email: fclipo@bigshareonline.com,
Website: www.bigshareonline.com
Place: Ahmedabad
Date : July 05,2011 |
For Rushil Decor Limited
on behalf of Board of Directors
Sd/-
Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO INDICATIVE OF EITHER THE MARKET PRICE
OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF RUSHIL DECOR LIMITED.
Note: All capitalized terms used and note defined herein shall have the
respective meanings assigned to them in the prospectus |