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Bajaj Corp Limited IPO

IPO Detail Basis of Allotment Allotment Status IPO News

Aug 02, 2010 - Aug 05, 2010

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.

Company Promoters:

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.

Company Financials:

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)

Objects of the Issue:

The object of the issue are:

1. Promote future products;
2. Acquisitions and other strategic initiatives; and
3. General Corporate Purposes.

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. 297.00 Crore
  »»  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

Bajaj Corp Ltd IPO Grading / Rating

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.

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Bajaj Corp IPO Tags:

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Bidding Status (IPO subscription detail):

	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