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Usher Agro Ltd IPO (Usher Agro IPO) Detail

September 5, 2006 - September 11, 2006

Usher Agro IPO is a fixed price issue of Rs 18.02 crores.

Usher Agro IPO bidding started from September 5, 2006 and ended on September 11, 2006. The shares got listed on BSE on October 6, 2006.

Usher Agro IPO price is ₹15 per share. The minimum lot size for an application is 400 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Idbi Capital Market Services Limited is the book running lead manager of the Usher Agro IPO, while Adroit Corporate Services Pvt Ltd is the registrar for the issue.

Refer to Usher Agro IPO DRHP for detailed information.

Usher Agro IPO Details

IPO Date September 5, 2006 to September 11, 2006
Listing Date October 6, 2006
Face Value ₹10 per share
Price ₹15 per share
Lot Size 400 Shares
Total Issue Size12,012,000 shares
(aggregating up to ₹18.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE

Usher Agro IPO Lot Size

Investors can bid for a minimum of 400 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 400 ₹6,000
Retail (Max) 33 13200 ₹198,000
Lot Size Calculator

About Usher Agro Ltd

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'.

Usher Agro IPO Prospectus

Usher Agro IPO Rating

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Usher Agro IPO Listing Details

Listing Date October 6, 2006
BSE Script Code 532765
NSE Symbol USHERAGRO
ISIN INE235G01011
Final Issue Price ₹15 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹15.00
₹19.35
₹14.90
₹19.35
₹16.20

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Usher Agro Ltd Contact Details

Usher Agro Ltd
Usher Agro Limited,
C � 617, Hilton Tower, Sher-E-Punjab,
Andheri (East), Mumbai - 400 093
Phone: +91-22-2836 3387
Email: usher@vsnl.com
Website: http://www.usheragro.com

Usher Agro IPO Registrar

Adroit Corporate Services Pvt Ltd

Phone: 91- 22- 2859 6060/2859 4060
Email: usher@isil.com
Website: http://www.adroitcorporate.com

Usher Agro IPO - Buy or Not

Usher Agro IPO Recommendation Summary

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Usher Agro IPO FAQs

Usher Agro IPO is a main-board IPO of 12,012,000 equity shares of the face value of ₹10 aggregating up to ₹18.02 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 400 Shares.

The IPO opens on September 5, 2006, and closes on September 11, 2006.

Adroit Corporate Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Usher Agro IPO opens on September 5, 2006 and closes on September 11, 2006.

Usher Agro IPO lot size is 400 Shares, and the minimum amount required is ₹6,000.

You can apply in Usher Agro IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 October 6, 2006.
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Usher Agro IPO Message Board

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3 Comments

3. Anant kumar Mundhra |   Link |  Bookmark |October 8, 2006 2:44:42 AM
When refund will get credited in our account?
2. Dhananjay |   Link |  Bookmark |October 6, 2006 8:14:26 AM
Listing on 6 Oct.
1. Dhananjay |   Link |  Bookmark |September 7, 2006 2:21:39 PM
Experts Comments from CNBC:

SP Tulsian (Investment Advisor)
Investors should ignore Usher Agro IPO. It is a hopeless issue.

R S Iyer (KR Choksey)
Usher agro is a good issue. One can apply for this issue. One can get 25% returns on listing.