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 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.
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