Uncertainty over Fertiliser Price Policy

is being financed with equity share capital of Rs 13 crore (promoters contributing Rs 3.25 crorc), while of the balance amount Rs 2.10 crore is to come from lease and hire purchase of machinery and Rs 75 lakh by way of deferred payment. During 199394, the project is to work 200 days to yield Rs 13.95 crorc of turnover and Rs 2.72 crore of net profit with an- nualised EPS of Rs 3.13. The turnover and net profit for 1995-96 are projected at Rs 23.72 crore and Rs 3.90 crore, respectively. Out of the capital issue of 1.30 crore equity shares, the company is offering 78 lakh shares to the public and 19.50 lakh shares to the NRIs. The issue opens June 8 under SBI Caps and Weizmann Industries as lead managers.