Issue Price: Rs. 630 - Rs. 660 Per Equity Share
Issue Detail:
»» Issue Open: Aug 02, 2010 - Aug 05, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs. 5
»» Issue Size: Rs. 283.50 - 297.00 Crore
»» Face Value: Rs. 5 Per Equity Share
»» Minimum Order Quantity: 10 Shares
»» Listing At: BSE, NSE
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Total Shares Offered / Reserved 1,890,000 450,000 1,350,000 3,690,000 Day 1 - Aug 02, 2010 17:00 IST 0.7500 0.0100 0.0300 0.4000 Day 2 - Aug 03, 2010 17:00 IST 1.3200 0.0200 0.1400 0.7300 Day 3 - Aug 04, 2010 17:00 IST 20.1900 0.3900 0.4000 10.5300 Day 4 - Aug 05, 2010 17:00 IST 20.1900 53.4900 6.6200 19.2900
CRISIL has assigned an IPO Grade 4 to Bajaj Corp Ltd IPO.
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.
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