Bajaj Corp Limited IPO : Finally subscribed 19.29 times

by khalid on 06/08/2010 · 0 comments

Bajaj Corp is a part of the Shishir Bajaj Group of companies engaged in the business of producing and selling of Bajaj Almond Drops, Brahmi Amla and Jasmine Hair Oil brands. It also produces oral care products under the brand name Bajaj Black Tooth Powder. The IPO of Bajaj Corp Limited has received a robust response from the investors with the final over-subscription figure reached to 19.29 times on an overall basis. Bajaj Corp IPO was open on 2nd Aug 2010 and closed on 5th Aug 2010 for subscription.The IPO has managed to garner a magnificent response from Non-Institutional Investors Category where it overbid by 53.49 times on the final day of subscription.

The category-wise subscription status of Bajaj Corp Limited on closing day is given below:-

QIB : 20.19 Times
Non-Institutional Investors : 53.49 Times
Retail Investors : 6.62 Times
Overall : 19.29 Times

The proceeds of the IPO will be used to product expansion, acquisitions and other strategic initiatives and to achieve the benefits of listing on the Stock Exchanges.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The sole book running lead manager to the issue will be Kotak Mahindra Capital Company Ltd.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

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