Bajaj Corp Limited IPO : Opening on 2nd Aug 2010

by khalid on 29/07/2010 · 1 comment

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 company is entering into primary market with an Initial Public Offer (IPO) of 4,500,000 Equity Shares of Rs 10 each. The IPO is opening on 2nd Aug 2010 and the shares will be available for subscription up to 5th Aug 2010. The premium of the issue will be decided through a 100% Book Building Process.

Promoters of the company are Mr. Shishir Bajaj, Mrs. Minakshi Bajaj, Mr. Kushagra Bajaj and Mr. Apoorv Bajaj.

The IPO proceeds would be used for product expansion, acquisitions and other strategic initiatives.

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

Issue Detail:-
Issue Open : 2nd Aug 2010 – 5th Aug 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 4,500,000 Equity Shares of Rs 10 each
Issue Size : Rs. 283.50 – 297.00 Crores
Face Value : Rs 5 Per Equity Share
Issue Price : Rs. 630 – Rs. 660 Per Equity Share
Market Lot : 10 Shares
Minimum Order Quantity : 10 Shares
Listing At : BSE, 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.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

{ 1 comment… read it below or add one }

India Advisory Stock Research June 15, 2011

hi, nice article but many people face lose of money because market crash after ipo , only short term investor make money in that ipo, its so sad, company should think about investors.

Reply

Previous post:

Next post: