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Bajaj Corp IPO is a book built issue of Rs 297.00 crores.
Bajaj Corp IPO bidding started from August 2, 2010 and ended on August 5, 2010. The shares got listed on BSE, NSE on August 18, 2010.
Bajaj Corp IPO price band is set at ₹630 to ₹660 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Kotak Mahindra Capital Company Limited is the book running lead manager of the Bajaj Corp IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Bajaj Corp IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 25,000,000 |
| Share holding post issue | 29,500,000 |
Bajaj Corp IPO offers 3,690,000 shares. 1,890,000 (51.22%) to QIB, 450,000 (12.20%) to NII, 1,350,000 (36.59%) to RII. 135,000 RIIs will receive minimum 10 shares and (sNII) and (bNII) will receive minimum 310 shares. (in case of oversubscription)
| 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%) |
Investors can bid for a minimum of 10 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,600 |
| Retail (Max) | 30 | 300 | ₹198,000 |
| Lot Size Calculator | |||
Company's Corporate Promoter:
1. Bajaj Consumer Care Limited
Company's Individual Promoters:
1. Mr. Shishir Bajaj;
2. Mrs. Minakshi Bajaj;
3. Mr. Kushagra Bajaj; and
4. Mr. Apoorv Bajaj.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 84.75% |
Incorporated in 2006, Bajaj Corp Ltd is one of India’s leading FMCG company with major brands in Hair care category. Bajaj Corp Ltd is part of Shishir Bajaj Group of companies (the "Bajaj Group"). Through its subsidiaries, the Bajaj Group operates businesses in the consumer goods, sugar, power generation and infrastructure development industries throughout India.
Bajaj Corp sells the Bajaj Almond Drops, Amla Shikakai, Brahmi Amla and Jasmine Hair Oil brands. Bajaj Almond Drops is the key product of the company. It also produces oral care products under the brand name Bajaj Black Tooth Powder.
Bajaj manufacture their products at two company-operated facilities in Parwanoo and Dehradun. Company also expect to open a third company-operated facility at Paonta Sahib. By completing this 3,500 square meter facility in Paonta Sahib, Bajaj expect their production capacity for light hair oil to increase from 39 million liters per annum to 74 million liters per annum. In addition, they also engage third-party manufacturers at Parwanoo, Himachal Pradesh for hair oils and Udaipur, Rajasthan to produce our oral care products. These third-party facilities have a combined installed capacity of 9 million liters per annum. As of December 31, 2009, the combined production capacity for all company and third-party operated production facilities was 83 million liters per annum.
| Particulars | For the year/period ended (Rs. in Millions) | ||
| 31-Dec-09 | 31-Mar-09 | 31-Mar-08 | |
| Total Income | 2,391.97 | 2,520.26 | 0.01 |
| Profit After Tax (PAT) | 564.97 | 469.92 | (0.63) |
| KPI | Values |
|---|---|
| RoNW | 327.66% |
The object of the issue are:
1. Promote future products;
2. Acquisitions and other strategic initiatives; and
3. General Corporate Purposes.
The Bajaj Corp IPO is subscribed 19.29 times on August 5, 2010 5:00:00 PM. The public issue subscribed 6.62 times in the retail category, 20.19 times in the QIB category, and 53.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 20.19 |
| NII | 53.49 |
| Retail | 6.62 |
| Total | 19.29 |
CRISIL has assigned an IPO Grade 4 to Bajaj Corp Ltd IPO. This means as per CRISIL company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Bajaj Corp Ltd.
Bajaj Corp Ltd IPO, Bajaj Corp IPO, Bajaj Corp IPO Bidding, Bajaj Corp IPO Allotment Status, Bajaj Corp drhp and Bajaj Corp Ltd IPO listing.
| Listing Date | August 18, 2010 |
| BSE Script Code | 533229 |
| NSE Symbol | BAJAJCON |
| ISIN | INE933K01021 |
| Final Issue Price | ₹660 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹660.00 |
| ₹730.00 |
| ₹730.00 |
| ₹812.00 |
| ₹758.25 |
| NSE |
|---|
| ₹660.00 |
| ₹760.00 |
| ₹747.65 |
| ₹816.95 |
| ₹758.75 |
Bajaj Corp Limited
2nd Floor, Bld No. 2, Solitaire Corporate Park,
167, Guru Hargovind Marg,
Chakala, Andheri (E), Mumbai – 400 093
Phone: + (91 22) 66919477 / 78
Email: complianceofficer@bajajcorp.com
Website: http://www.bajajcorp.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bajajcorp.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Bajaj Corp IPO opens on August 2, 2010 and closes on August 5, 2010.
Bajaj Corp IPO lot size is 10 Shares, and the minimum amount required is ₹6,600.
You can apply in Bajaj Corp IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bajaj Corp IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bajaj Corp IPO allotment status.
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By January 15, 2011 this will cross about Rs.1050,