Bajaj Corp Limited IPO : Listing on 18th Aug 2010

by khalid on 18/08/2010 · 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. Bajaj Corp Limited has entered the capital market with an initial public offering (IPO) of 4,500,000 Equity Shares of Rs 5 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 18th Aug 2010. The IPO was open from 2nd Aug 2010 to 5th Aug 2010. The price band was Rs 630 to Rs 660 and the Issue Price was fixed at the upper level of price band, Rs 660 per equity share.

IPO Listing Detail :-
Listing Date: 18th Aug 2010
BSE Scrip Code : 533229
Listing In : ‘B’ Group of Securities
ISIN : INE933K01013
Issue Price : Rs. 660.00 Per Equity Share
Face Value : Rs. 5.00 Per Equity Share

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).

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