Usher Agro promoted Usher Eco Power Ltd files DRHP with SEBI

Usher Agro Ltd has announced that Usher Eco Power Ltd, the Company, in which Usher Agro Ltd is one of the promoters, has filed the Draft Red Herring Prospectus with Securities Exchange Board of India on October 29, 2008 in connection with the proposed Initial Public Offer (IPO).

IDBI Capital Market Services Ltd is the Book Running Lead Managers of the proposed IPO.

The Usher Agro stock closed the day at Rs.134.25, up by Rs.1.45 or 1.09%. The stock hit an intraday high of Rs.136.45 and low of Rs.133.15.

The total traded quantity was 119091 compared to 2 week average of 172620.

Source : Equity Bulls

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