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IPO

IPO Details


Usher Agro Ltd
Registered Office: 422 Laxmi Plaza Laxmi Indl Est, New Link Road Andheri(W), Mumbai - 400053, Maharashtra
Phone: 91-22-39381100
Email: cs.mumbai@usheragro.com
Website: www.usheragro.com
Public issue of 1,20,12,000 Equity Shares of face value Rs.10/- each of Usher Agro Limited (hereinafter referred to as the "company" or "issuer") at a premium of Rs.5/- per share (i.e. at a price of Rs.15/- per share) for cash aggregating to Rs.18.02 Crores (hereinafter referred to as the "issue") comprising of promoters contribution of 32,00,000 Equity Shares of Rs.10/- each at a price of Rs.15/- for cash aggregating to Rs.4.80 Crores (hereinafter referred to as the "promoters' contribution"). The net offer to the public is of 88,12,000 Equity Shares of Rs.10/- each at a price of Rs.15/- for cash aggregating to Rs.13.22 Crores (hereinafter referred to as the "net issue"). The Issue would constitute 66.69% of post issue paid up capital of our Company. The issue price of Rs.15/- per Equity Share is 1.5 times the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
05-Sep-2006 11-Sep-2006 ₹ 15.00 ₹ 0.00
Minimum Application for shares in Nos : 400.0 Further Multiples of : 400.0
(₹)Cr. Lead Managers to the Issue
Project Cost 25.02 IDBI Capital Market Services Ltd
Project Financed through Current Offer 18.02
Post Issue Equity Share Capital 18.01
Issue Price ₹15.00
Projects
To Part Fin.WheatRoller Flour Mill Proj.at Mathura
Modernisation of Rice Milling Plant at Mathura
Co-Generation Power Project at Mathura
Fund Wor.Cap.Requirement of WheatRoller Flour Mill
Meet LongTerm Wor.Cap.requirement of ExistingPlant
Promoted By
Vinod Kumar Chaturvedi
Manoj Chaturvedi
Listing At
BSE
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

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NASDAQ
HANG SENG

24,474.68 297.60(1.23%)