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    Rushil Decor lists at Rs 74.50, gains 16.5% on NSE

    Decorative laminated sheets manufacturer Rushil Decor's shares started trade at Rs 74.50, up 3.5% over an issue price of Rs 72 a share.

    July 07, 2011 / 10:54 IST

    Decorative laminated sheets manufacturer Rushil Decor's shares started trade at Rs 74.50, up 3.5% over an issue price of Rs 72 a share.

    At 9:57 hours IST, the stock was trading at Rs 82.05, with rising 14% after hitting a high of Rs 83.90 & low of Rs 74.50 on National Stock Exchange.

    Company's MD Krupesh Thakkar expects revenues of Rs 30 crore in FY12 from MDF and Rs 70 crore in FY13. "We currently hold 5% market share in furniture space," company said.

    Company raised Rs 40.64 crore (including promoters' contribution of Rs 1.75 crore) through the issue, which will be used for setting up of medium density fibre board plant and for working capital requirement.

    first published: Jul 7, 2011 10:00 am

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