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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's Corporate Promoter:1. Bajaj Consumer Care Limited Company's Individual Promoters: 1. Mr. Shishir Bajaj;2. Mrs. Minakshi Bajaj;3. Mr. Kushagra Bajaj; and4. Mr. Apoorv Bajaj.
| 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) |
The object of the issue are:1. Promote future products;2. Acquisitions and other strategic initiatives; and3. General Corporate Purposes.
»» 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.
Check IPO Ratings from other stock analysts.
Bajaj Corp IPO Tags:
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.
| 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 |
Bajaj Corp Limited IPO Alerts
1. Monday, August 16, 2010 10:28:08 AM
2. Friday, August 13, 2010 8:06:50 AM
3. Thursday, August 05, 2010 10:43:15 AM
4. Tuesday, August 03, 2010 10:19:32 AM
5. Wednesday, July 28, 2010 1:40:27 AM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Wednesday, August 18, 2010 |
| BSE Scrip Code: | 533229 |
| NSE Symbol: | BAJAJCORP |
| Listing In: | 'B' Group of Securities |
| Sector: | Personal Care |
| ISIN: | INE933K01013 |
| Issue Price: | Rs. 660.00 Per Equity Share |
| Face Value: | Rs. 5.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 660.00 |
| Open: | Rs. 730.00 |
| Low: | Rs. 730.00 |
| High: | Rs. 812.00 |
| Last Trade: | Rs. 758.25 |
| Volume: | 3,707,538 |
|
| NSE |
| Rs. 660.00 |
| Rs. 760.00 |
| Rs. 747.65 |
| Rs. 816.95 |
| Rs. 758.75 |
| 5,863,899 |
|
Bajaj Corp Limited IPO Links
Company Contact Information
Registered Office :
2nd Floor, Bld No. 2, Solitaire Corporate Park,
167, Guru Hargovind Marg,
Chakala, Andheri (E), Mumbai – 400 093
Phone: + (91 22) 66919477 / 78
Fax: + (91 22) 66919476
Email: complianceofficer@bajajcorp.com
Website: http://www.bajajcorp.com
Book Running Lead Manager(s)
Bajaj Corp Limited IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
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| 550. Gane Sep 06, 2010 5:32:38 PM IST Report Spam! |
today I exited bajaj completely. On an averge I ended up in very less profit.
Even in this very bullish market condition, the price of bajaj did not shoot up. So I am very doubtful about the scrip.
Gane. |
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| 549. K.K.Natarajan Sep 06, 2010 5:16:55 PM IST Report Spam! |
Dear Sreedhar,
Bajaj Corp did it again today. I sold today at an average of 740 and covered at 727. I don't know how long it will move like this. Is it due to selling pressure once it reaches a certain level? Anyhow as I sell daily only a part of my holdings even if it doesn't come down after going up, its okay for me. |
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| 548. sreedhar Sep 03, 2010 2:51:24 PM IST Report Spam! |
Dear Natarajan,
Bajaj trade is too good to be true.I can't believe it is happening daily.Already my effective rate has reached 950 in it. |
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| 547. Ravi, Bangalore Sep 03, 2010 12:07:24 PM IST Report Spam! |
545. K.K.Natarajan
It is nice company but the problem is valuation, that appears to be a bit on higher side. It does not deserve the valuation of Nestle or HUL because of high dependency on only one product. If it is able to sell all other products, then valuation gap could be bridged. Investors need to wait for 2 - 3 quarters before comparing this with Nestle.
Investment in 2 - 3 instalments could be better strategy instead of trading with stop-loss. |
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| 546. Gane Sep 02, 2010 7:27:53 PM IST Report Spam! |
Dear boarders,
I am still holding 15 shares in bajajcorp which i bought at 767. I would like to sell it as soon as the price reaches that level. Any idea about when it will reach that high. In contrast it is going down day by day.
Or is it good to book loss at present level?
I sold other bajaj corp shares on the listing day with premium.
Gane. |
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| 545. K.K.Natarajan Sep 02, 2010 7:20:22 PM IST Report Spam! |
Dear Sreedhar,
I am selling a part of my holding in Bajaj Corp daily in the morning and covering it in the evening which has almost reduced my losses in it. How long it will show this pattern? Ravi, Bangalore has analyzed this pattern to a nicety. |
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| 544. Ravi, Bangalore Sep 01, 2010 4:09:01 PM IST Report Spam! |
542. eagleeye
Daily, buy SKS Micro & sell Bajaj Corp, preferably after half-an-hour of opening i.e. after 9:30 a.m. Some days you may incur loss, but after one or two months you make profit.
If you sell Rs.10,000 worth of Bajaj Corp, then, you should buy Rs.10,000 worth of SKS Micro- eg: today SKS LTP 1260 & Bajaj Corp LTP 724- then buy SKS 8 nos. & sell Bajaj Corp 14.
Remember, you should not get disappointment with one or two days loss. You should have conviction and continue for more than one week.
Market makers does not know that you have bought & caught. Hence, no use of grumbling, daily watching ticker & getting desperate etc. If you sell, then, it will rise very next day. |
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| 543. harish Sep 01, 2010 11:51:08 AM IST Report Spam! |
PE RATIO OF BAJAJ CORP IS LOWEST. 9 RS. EPS FOR THE I ST QUARTER OF 2010.
DABUR PE - 41.04
GODREJ CONSUMER - 46.75
COLGATE - 25.61
PROCTER - 39.96
GODREJ IND. 79.07
MARICO IND. 31.54
HIND LIVER - 26.11
IF YOU CONSIDER 40 PE RATIO, BAJAJ CAN GO 36X40=1440
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| 542. eagleeye Aug 31, 2010 8:19:21 AM IST Report Spam! |
| hold or sell???? |
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| 541. Ravi, Bangalore Aug 26, 2010 4:20:56 PM IST Report Spam! |
Bajaj Corp 730- Average at 688 & 646 (remote chance below 580). Target 750.
It will become bullish if crosses 774.
This is provisional analysis as it has only six days trading history. |
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| 540. namita rao Aug 26, 2010 12:33:07 PM IST Report Spam! |
i used to receive the refund of all the applied ipo through post....till now i have not received the bajaj corp. refund...is any body received the refund of bajaj corp. through post?????? if so when did you received....????
thanking you |
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| 539. HARISH Aug 25, 2010 1:40:10 PM IST Report Spam! |
| BAJAJ CORP WILL DECLARE ITS FINANCIAL RESULT FOR JUNE QUARTER TOMORROW.PRICE WILL GO UP AND UP. |
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| 538. K.K.Natarajan Aug 24, 2010 5:02:30 AM IST Report Spam! |
Dear Sreedhar,
Have you also gone out on a tour like Gem? No information!
By the by, I sold 75 shares of Bajaj Corp today in the morning for 754 and then covered them by market close for 721 and earned around Rs 2250. If I get two more chances like this then Bajaj Corp will start giving profits for me. |
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| 537. Jimmy Aug 23, 2010 4:41:50 PM IST Report Spam! |
| Please ignore erlier msg i have 10 share of Bajaj Corps Ltd. Nwo What to do Sale or Hold |
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| 536. Rkn Aug 22, 2010 9:59:47 AM IST Report Spam! |
Dear 535,
If yoy had applied through ICICI direct than please check your saving account. It may be cradited directly in the account.
Rajesh |
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| 535. raman kwatra Aug 21, 2010 5:53:09 PM IST Report Spam! |
1 4670947
Applied for 50 shares, alloted 10 shares only balance still not received for 40 shares please release at the earliest.
Raman Kwatra |
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| 534. Sj Aug 20, 2010 9:29:10 PM IST Report Spam! |
Ok Ravi....lol....
Now why dont you give me..some information.... which you personally know.....about this company......that is not in the press.....and is secretive.....and people should avoid this IPO.....Even research analysts....research...stocks...based on publicly available finacial data and reported books of account.......
Now of their was a case of bard promoters i would have understood your logic .....but this is an MNC company practically...coz APM terminal hold 54% and are world renowned for their execution. WHy have investors have not sold their stack fully new or old investors.....and why only in part.....bcoz they believe in future growth story.....why dont you read Keynote Capital and CRISIL'S Reports.....on the company.......They do not advice to subscribe..but they give you geniune information.........that you can trust....now if u say .....they are not geniune.....i mean CRISIL is not geniune.....why are they so reputed and larged rating company......?
Anyways.....if u have facts to prrove...that this company....is.....bad....or promoters are of low quality and maangement quality is bad......and PE Investors.....are exiting for some other reasons....when they have themselves made disclosure......You know Disclosure......if these PE funds....mislead the public....in sensitive....isssues like shareholding info....they can be banned by SEBI and Industrial tribunal....!!....
IF YOU THINK FUNDAMENTAL ANALYSIS IS NOT THE CRITERIA TO JUDGE THIS COMPANY......THEN WHAT IS..........?.......YOU MEAN TO SAY CRISIL WHO HAVE GIVEN THEIR REPORT AND GIVEN GRADING FOUR CANNOT JUDGE THIS COMAPNY........?.....AND THEY ARE ONE OF THE BIGGEST CREDIT RATING AGENCY IN INDIA LIKE THIS...ONLY...OK THEY CANNOT SAY HOW IT WILLL PERFORM IN FUTURE....BUT THERE ANALYSIS OR RESEARCH CANNOT BE FALSE......OK NOW LET US CONSIDER THAT THAT CRISIL ANALYSIS IS FALSE AND IT IS NOT THE BASIS TO JUDGE THE COMPANY.
OR BROKERAGE REPORTS OF PRABHUDAS AND FIRST CHOICE ...WHO HAVE GIVEN SUBSCRIBE TO ISSUE ADVICE.....ARE ALSO NOT GOOD..ENOUGH .TO FORM OPINION........OK THEY ARE ALSO...NOT GREAT.....
INVESTORS OF THE COMPNAY GIVING INFORMATION TO PRESS WHY THEY HAVE SOLD STAKE AND THAT THEY HAVE SOLD ONLY PART....I MEAN THAT IS A DISCLOSURE.....NOW IF THEY GIVE FALSE DISCLOSURE THEY WILL BE PENALISED...NOW YOU THINK IDFC AND LIC....AND OTHERS WILL DO SUCH A FRAUD OF MISGUIDING PEOPLE BY SAYING THEY ARE HOLDING PART AND THEN THEY SELL FULL IN OPEN MARKET...?
I am not trying to attack you just debating.....so dont take offence....ok....plzz put some sensitive information which is not disclosed in public.....and is hidden.....to all us boarders..........i will be the first person to acknowledge....you and applaud you...and will not apply.....
I HAVE NEVER ATTACKED BUT ARGUED RESPECTABLY WITH FACTS
I HAVE NEVER GIVEN GAURENTEE....THAT I AM 100% CORRECT.....EVEN IN SKS.....I HAVE GIVEN MY VIEWS AND TOLD INVESTORS TO APPLY THEIR MIND......THIS IS WHAT I EXPECT TO HAPPEN.....THE FACT THAT I WAS RIGHT HARDLY MATTERS COZ I ALSO HAVE BEEN WRONG..ALSO..IN MY DECISIONS......SOMETIMES....!!....
Regards and NO OFFENCE INTENDED
Setu
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| 533. NIREN Aug 20, 2010 8:21:41 PM IST Report Spam! |
Guys what is the strategy for Bajaj Corp. To hold or exit at current levels.
No mutual fund/FII (no bulk deals)has bought into the stock since listing.
HNI's cost is nearly 175+ on issue price. What is their position? |
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| 532. mukkul Aug 20, 2010 8:02:28 PM IST Report Spam! |
| Thanks mr ravi |
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| 531. Ravi, Bangalore Aug 20, 2010 6:49:33 PM IST Report Spam! |
530. Mukul
You need to look at HNI / FII subscription levels, Grey Market Premium (GMP) etc. Probably, HNI / Retail participation may be huge, FII subscription level could be thin. Sridhar / Saharanpuri are expert in such type of analysis.
SJ seems to be making threadbear analysis about this issue.
Some Board Members really work hard to give proper information about GMP. Such informations will work.
Fundamental analysis based on publicly available information may not work for this particular IPO.
90% posts are useless. They fight, if our view in not in line with their view. They don't realise that market belongs to nobody. They challenge & give guarnatee as if they are market creators. |
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