Corporate
-
IPOs
Markets
-
Financial Services
Industry & Economy
-
Foods & Food Processing
Usher Agro IPO offers safety net to small investors
Our Bureau
Mumbai
,
March 31
Usher Agro Ltd, an agri-processing company, in its draft prospectus filed with SEBI, has offered retail investors a safety net scheme through IDBI Capital Market Services Ltd, which is the sole lead manager for the company's public issue.
As per the scheme, IDBI Capital Market Services offers to buyback up to 800 equity shares from the original resident individual allottees at the issue price of Rs 15 per share. "The scheme will be open for a period of six months from the date of allotment of equity shares of the proposed issue," a press release by Usher Agro said here on Friday.
The company proposes to enter the capital market with a public issue of 1.20 crore equity shares of Rs 10 each at a premium of Rs 5 per share at mobilise Rs 18.01 crore. The proceeds will be utilised for the company's modernisation and expansion plan including the setting up of the wheat roller flour mill at Mathura of the capacity 250 tonnes per day.
More Stories on :
IPOs |
Financial Services |
Foods & Food Processing |
Investor Protection
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
