Usher Agro Ltd - IPO

Usher Agro Ltd IPO Details

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.

Objective of issue

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.

Usher Agro Ltd Contact Details

Usher Agro Ltd, 2/IDBI Bldg A Wing, Plot No 39 40 41, SectNo11 CBD Belapur, Navi Mumbai - 400614

Phone - 91-22-27571615/27579636-44

Fax - 91-22-27579645

Email - cs.mumbai@usheragro.com

Website - www.usheragro.com