Bookbuilding IPO | ₹297 Cr | Listed at BSE, NSE | Mon, Aug 2, 2010 - Thu, Aug 5, 2010
Bajaj Corp IPO is a book build issue of ₹297.00 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹297.00 crore.
Bajaj Corp IPO bidding started from Aug 2, 2010 and ended on Aug 5, 2010. The shares got listed on BSE, NSE on Aug 18, 2010.
Bajaj Corp IPO price band is set at ₹660 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹6,600 (10 shares) (based on upper price). The lot size investment for sNII is 31 lots (310 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (1,520 shares), amounting to ₹10,03,200.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bajaj Corp IPO RHP for detailed Information.
IPO Open
Mon, Aug 2, 2010
IPO Close
Thu, Aug 5, 2010
Issue Price
₹660 per share
Market Cap (Pre-IPO)
₹1,947.00 Cr
| IPO Date | 2 to 5 Aug, 2010 |
| Listed on | Wed, Aug 18, 2010 |
| Face Value | ₹5 per share |
| Price Band | ₹630 to ₹660 |
| Issue Price | ₹660 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 45,00,000 shares (agg. up to ₹297 Cr) |
| Fresh Issue | 45,00,000 shares (agg. up to ₹297 Cr) |
| Share Holding Pre Issue | 2,50,00,000 shares |
| Share Holding Post Issue | 2,95,00,000 shares |
| BSE Script Code / NSE Symbol | 533229 / BAJAJCON |
| ISIN | INE933K01021 |
Bajaj Corp IPO comprises a total issue size of 45,00,000 shares. Out of which, 27,00,000 (60.00%) are allocated to QIB, 4,50,000 (10.00%) allocated to NII 13,50,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 27,00,000 | 60.00% | NA |
| − Anchor Investor Shares Offered | 8,10,000 | 18.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 18,90,000 | 42.00% | NA |
| NII (HNI) Shares Offered | 4,50,000 | 10.00% | NA |
| Retail Shares Offered | 13,50,000 | 30.00% | 1,35,000 |
| Total Shares Offered | 45,00,000 | 100.00% |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,600 |
| Retail (Max) | 30 | 300 | ₹1,98,000 |
| S-HNI (Min) | 31 | 310 | ₹2,04,600 |
| S-HNI (Max) | 151 | 1,510 | ₹9,96,600 |
| B-HNI (Min) | 152 | 1,520 | ₹10,03,200 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Promote the future products. | 220.00 |
| 2 | Acquisitions and other strategic initiatives. | 50.00 |
| 3 | General Corporate Purposes. | 5.46 |
| KPI | |
|---|---|
| RoNW | 327.66% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 84.75% |
| Market Cap | ₹1,947.00 Cr. |
The Bajaj Corp IPO is subscribed 19.29 times on August 5, 2010 5:00:00 PM (Day 4). The public issue subscribed 6.62 times in the retail category, 20.19 times in the QIB category, and 53.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 20.19 | 18,90,000 | |
| NII | 53.49 | 4,50,000 | |
| Retail | 6.62 | 13,50,000 | |
| Total | 19.29 | 36,90,000 |
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.
Bajaj Corp Ltd IPO, Bajaj Corp IPO, Bajaj Corp IPO Bidding, Bajaj Corp IPO Allotment Status, Bajaj Corp drhp and Bajaj Corp Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, Underwriting, brokerage and selling commission (including commission to SCSBs for ASBA Applications) | 8.74 |
| 2 | Registrar's fees | 0.48 |
| 3 | Advertising and marketing | 6.23 |
| 4 | Printing and distribution | 2.25 |
| 5 | Bankers to the Issue | 3.85 |
| 6 | Others (SEBI filing fees, bidding software expenses, depository charges, listing fees, fees paid to the IPO Grading agency etc.) | 2.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹660.00 | ₹660.00 |
| Open | ₹730.00 | ₹760.00 |
| Low | ₹730.00 | ₹747.65 |
| High | ₹812.00 | ₹816.95 |
| Last Trade | ₹758.25 | ₹758.75 |
Lead Manager Reports
Bajaj Corp IPO is a main-board IPO of 45,00,000 equity shares of the face value of ₹5 aggregating up to ₹297 Crores. The issue is priced at ₹660 per share. The minimum order quantity is 10.
The IPO opens on Mon, Aug 2, 2010, and closes on Thu, Aug 5, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bajaj Corp IPO using UPI as a payment gateway. Zerodha customers can apply in Bajaj Corp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bajaj Corp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bajaj Corp IPO opens on Mon, Aug 2, 2010 and closes on Thu, Aug 5, 2010.
Bajaj Corp IPO lot size is 10, and the minimum amount required for application is ₹6,600.
You can apply in Bajaj Corp IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bajaj Corp IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bajaj Corp IPO allotment status.
The Bajaj Corp IPO listing date is on Wed, Aug 18, 2010.
