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