Usher Agro Ltd IPO

Closed

Subscription Details

  • Open Date 05 Sep
  • Close Date 11 Sep
  • Lot Size 400
  • IPO Size ₹ 18.02 Cr
  • IPO Price Range ₹ 15
  • Min Investment ₹ 6000

Usher Agro Ltd IPO Timeline

Open Date
05 Sep
Close Date
11 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Usher Agro Ltd IPO

Contact Information

Address

422 Laxmi Plaza Laxmi Indl Est,
New Link Road Andheri(W),
Mumbai, Maharashtra 400053

Usher Agro Ltd IPO Lead Manager

IDBI Capital Market Services Ltd
Open Demat Account