Fixed Price IPO | ₹18 Cr | Listed at BSE | Tue, Sep 5, 2006 - Mon, Sep 11, 2006
Usher Agro IPO is a fixed issue price of ₹18.02 crores. The issue is entirely a fresh issue of 1.20 crore shares of ₹18.02 crore.
Usher Agro IPO bidding started from Sep 5, 2006 and ended on Sep 11, 2006. The shares got listed on the BSE on Oct 6, 2006.
Usher Agro IPO is set final issue price at ₹15 per share. The lot size for an application is 400 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (400 shares) (based on upper price). The lot size investment for sNII is 34 lots (13,600 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (66,800 shares), amounting to ₹10,02,000.
IDBI Capital Markets Services Ltd. is the book running lead manager and The registrar of the issue (Not declared yet).
Refer to Usher Agro IPO RHP for detailed Information.
IPO Open
Tue, Sep 5, 2006
IPO Close
Mon, Sep 11, 2006
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹27.02 Cr
| IPO Date | 5 to 11 Sep, 2006 |
| Listed on | Fri, Oct 6, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 1,20,12,239 shares (agg. up to ₹18 Cr) |
| Reserved for Private Promoter | 32,00,000 shares (agg. up to ₹5 Cr) |
| Fresh Issue | 88,12,239 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 88,12,239 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 1,80,12,000 shares |
| BSE Script Code | 532765 USHERAGRO |
| ISIN | INE235G01011 |
Usher Agro IPO comprises a total issue size of 88,12,000 shares. The net offer to the public is 56,12,000 shares, after excluding 32,00,000 shares allotted on a firm basis. Of the Net offer 44,06,000 (50.00%) allocated to NII 44,06,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 44,06,000 | 50.00% | 50.00% | NA |
| Retail Shares Offered | 44,06,000 | 50.00% | 50.00% | 11,015 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 32,00,000 | 36.31% | NA | |
| Total Shares Offered | 88,12,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 400 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹6,000 |
| Retail (Max) | 33 | 13,200 | ₹1,98,000 |
| S-HNI (Min) | 34 | 13,600 | ₹2,04,000 |
Usher Agro, an agri-processing company, is open for subscription with a public issue of 1,20,12,000 equity shares of Rs 10 each for cash at a premium of Rs 5 aggregating to Rs 18.02 crore (Rs 180.2 million).
Usher Agro is into manufacturing and distribution of Wheat products, Rice , Food Stuffs & Food Grains under the brand name 'Rasoi Raaja'.
| Period Ended | 31 May 2006 | 30 Jun 2005 | 30 Jun 2004 |
|---|---|---|---|
| Assets | 31.74 | 27.45 | 18.90 |
| Total Income | 35.16 | 33.16 | 24.47 |
| NET Worth | 14.31 | 11.97 | 8.34 |
| Reserves and Surplus | 4.52 | 3.06 | 2.08 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Wheat Roller Flourmill project at Mathura | 10.00 |
| 2 | Modernization of Rice Milling Plant situated at Mathura | 4.14 |
| 3 | Co-generation Power project for captive consumption | 3.45 |
| 4 | To Fund working capital requirement of Wheat Roller Flour Mill project at Mathura | 4.48 |
| 5 | Working capital requirements for existing operation | 1.75 |
| 6 | Issue Expenses | 1.20 |
| KPI | Jun 30, 2006 |
|---|---|
| RoNW | 14.2% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 58.71% | 37.32% |
| Market Cap | ₹27.02 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management fee, Safety Net and Selling Commission | 0.81 |
| 2 | Advertisement & Marketing Expenses | 0.10 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.15 |
| 4 | Registrar to the Issue | 0.05 |
| 5 | Legal Advisors to the Issue | 0.04 |
| 6 | Bankers to the Issue | 0.04 |
| 7 | Other Expenses | 0.01 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹19.35 |
| Low | ₹14.90 |
| High | ₹19.35 |
| Last Trade | ₹16.20 |
Lead Manager Reports
Usher Agro IPO is a main-board IPO of 1,20,12,239 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 400.
The IPO opens on Tue, Sep 5, 2006, and closes on Mon, Sep 11, 2006.
is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Usher Agro IPO using UPI as a payment gateway. Zerodha customers can apply in Usher Agro IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Usher Agro IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Usher Agro IPO opens on Tue, Sep 5, 2006 and closes on Mon, Sep 11, 2006.
Usher Agro IPO lot size is 400, and the minimum amount required for application is ₹6,000.
You can apply in Usher Agro IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Usher Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Usher Agro IPO allotment status.
The Usher Agro IPO listing date is on Fri, Oct 6, 2006.
