The Rs 297.00 crore Bajaj Corp. IPO is a book-built offering. The bidding for Bajaj Corp’s IPO began on August 2, 2010, and it concluded on August 5, 2010. On August 18, 2010, the shares were listed on the BSE and NSE. The pricing range for Bajaj Corp’s IPO is ₹630 to ₹660 per share. Ten shares are the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹6,600.
Founded in 2006, Bajaj Corp Ltd is a top FMCG firm in India, with prominent brands in the hair care industry. The Shishir Bajaj Group of Companies (the “Bajaj Group”) includes Bajaj Corp Ltd. The Bajaj Group is an Indian company that engages in the consumer goods, sugar, power generating, and infrastructure development sectors through various subsidiaries. The products Bajaj Almond Drops, Amla Shikakai, Brahmi Amla, and Jasmine Hair Oil are sold by Bajaj Corp. Bajaj Almond Drops are the company’s main offering. Additionally, it manufactures dental
hygiene products sold under the Bajaj Black Tooth Powder brand. Two Bajaj facilities, located in Parwanoo and Dehradun, are run by the company to produce its goods. In Paonta Sahib, the business also plans to establish a third facility. Bajaj expects their yearly production capacity for light hair oil to expand from 39 million litres to 74 million litres with completion of this 3,500 square metre facility in Paonta Sahib.
Furthermore, for the production of our dental care products, they work with outside producers in Udaipur, Rajasthan, and Parwanoo, Himachal Pradesh for hair oils. There are nine million litres of installed capacity annually among these third-party facilities. All company-and third-party-operated production facilities had a total yearly production capacity of 83 million litres as of December 31, 2009.
Bajaj Corp IPO Details
| IPO Date | August 2, 2010 to August 5, 2010 |
| Listing Date | August 18, 2010 |
| Face Value | ₹5 per share |
| Price Band | ₹630 to ₹660 per share |
| Lot Size | 10 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹297.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Bajaj Corp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,600 |
| Retail (Max) | 30 | 300 | ₹198,000 |
Bajaj Corp IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 1,890,000 (51.22%) | NA |
| NII (HNI) Shares Offered | 450,000 (12.20%) | |
| Retail Shares Offered | 1,350,000 (36.59%) | 135,000 |
| Total Shares Offered | 3,690,000 (100%) |
Objects of the Issue (Bajaj Corp IPO Objectives)
The object of the issue is:
- Promote future products;
- Acquisitions and other strategic initiatives; and
- General corporate purposes
Bajaj Corp IPO Listing Details
| Listing Date | August 18, 2010 |
| BSE Script Code | 533229 |
| NSE Symbol | BAJAJCON |
| ISIN | INE933K01021 |
| Final Issue Price | ₹660 per share |
Bajaj Corp Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹660.00 | ₹660.00 |
| Open | ₹730.00 | ₹760.00 |
| Low | ₹730.00 | ₹747.65 |
| High | ₹812.00 | ₹816.95 |
| Last Trade | ₹758.25 | ₹758.75 |
Bajaj Corp Limited Contact Details
Bajaj Corp Limited
2nd Floor, Building No. 2, Solitaire Corporate Park,
167, Guru Hargovind Marg,
Chakala, Andheri (E), Mumbai (400 093)
Phone: +91 22 66919477 / 78
Email: [email protected]
Website: http://www.bajajcorp.com
Bajaj Corp IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Bajaj Corp IPO FAQs
Q1. What is Bajaj Corp IPO?
Ans. Bajaj Corp IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹5 aggregating up to ₹297.00 Crores. The issue is priced at ₹630 to ₹660 per share. The minimum order quantity is 10 Shares. The IPO opens on August 2, 2010, and closes on August 5, 2010.
Q2. When Bajaj Corp IPO will open?
Ans. The Bajaj Corp IPO opens on August 2, 2010 and closes on August 5, 2010.
Q3. What is the lot size of Bajaj Corp IPO?
Ans. Bajaj Corp IPO lot size is 10 Shares, and the minimum amount required is ₹6,600.
Q4. When is Bajaj Corp IPO listing date?
Ans. The Bajaj Corp IPO listing date is on August 18, 2010.
