Issue Open | Sep 5, 2006 |
Issue Close | Sep 11, 2006 |
IPO Price | ₹15 |
Face Value | ₹10 |
IPO Size | ₹18.02 Cr |
Listing At | BSE |
IPO Lot Size | 400 |
USHER
AGRO LIMITED
(Originally incorporated as Usher Agro Limited on June 20, 1996 under the provisions of Companies Act, 1956 vide registration no.: 11-100380 (CIN: U01100MH1996PTC100380) and received the Certificate for Commencement of Business on July 04, 1996 from the Registrar of Companies, Maharashtra, Mumbai.) Registered & Corporate Office: C - 617, Hilton
Tower, Sher-E-Punjab, Andheri (East), Mumbai - 400 093. BASIS OF ALLOTMENT PUBLIC ISSUE OF 1,20,12,000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH OF USHER
AGRO LIMITED AT A PREMIUM OF Rs.5/- PER SHARE (I. E. AT A PRICE OF Rs.15/- PER SHARE) FOR
CASH AGGREGATING TO Rs. 18,01,80,000/- COMPRISING OF PROMOTERS CONTRIBUTION OF 32,00,000
EQUITY SHARES OF FACE VALUE Rs.10/- EACH AT A PRICE OF Rs. 15/- FOR CASH AGGREGATING TO
RS. 4,80,00,000/-. THE NET OFFER TO THE PUBLIC IS OF 88,12,000 EQUITY SHARES OF FACE VALUE
Rs.10/- EACH AT A PRICE OF Rs.15/- FOR CASH AGGREGATING TO Rs. 13,21,80,000/- The Board of Directors of Usher Agro Limited (`the Company') thanks all the investors and the intermediaries for the success of the Public Issue. The details of subscription are as under:
As per the basis of allotment approved by Bombay Stock Exchange Limited on September 28, 2006, the Board of Directors have allotted the shares at its meeting held on September 29, 2006. Allotments have been made on a proportionate basis, rounded off to the nearest integer subject to a minimum of 400 shares per allottee. The details of category wise allotment are as under: 1. Retail Category (investors applying up to Rs.1,00,000/-) - the Company received 12196 valid applications for a total of 145,97,600 shares resulting in 3.313 times the subscription in this category and 81.37% of the total subscription received. The details of category wise allotment are as under:
2. Non Retail Category (investors applying above Rs. 1,00,000/-) - the Company received 22 valid applications for a total of 3341800 shares resulting in 0.76 times the subscription in this category and 18.63% of the total subscription received. The details of category wise allotment are as under:
Dates of despatch of refund orders, Credit to beneficiary account and listing
INVESTOR PLEASE NOTE INVESTOR SERVICES OF INDIA LIMITED
|
The Usher Agro IPO basis of allotment (published above) tells you how shares are allocated to you in Usher Agro IPO and category wise demand of IPO share.
Visit the Usher Agro IPO allotment status page to check the number of shares allocated to your application.
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