Rushil Decor, a decorative laminated sheets manufacturer, gained 65.35%, to close at Rs 119.05 on the National Stock Exchange.
It was a good start for Rushil Decor, a decorative laminated sheets manufacturer, on listing day - especially a day when bulls were in charge of market.
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.
Rushil Decor, a manufacturer of decorative laminated sheets, has fixed July 7 as a listing date for its equity shares.
Decorative laminated sheets manufacturer Rushil Decor has fixed issue price at higher end of price band of Rs 63-72 a share for its initial public offering of 54 lakh equity shares (excluding promoters contribution of 2,43,750 shares).
Decorative laminated sheets manufacturer Rushil Decor's initial public offering has subscribed more than 2.62 times, supported majorly by retail investors, as per data available on National Stock Exchange.
The 56,43,750 equity shares IPO of Rushil Decor, a decorative laminated sheets manufacturer, opened for subscription. MLR Securities has recommended avoiding the issue, in its research report dated June 20.
Decorative laminated sheets manufacturer Rushil Decor has opened its initial public offering of 56,43,750 equity shares of face value Rs 10 each for subscription today.
Decorative laminated sheets manufacturer Rushil Decor is entering capital market with a public issue of 56,43,750 equity shares of face value Rs 10 each on June 20, 2011.
ICRA has assigned grade 2/5 indicating below-average fundamentals to the proposed initial public offering of Rushil Decor (RDL), in its research report.