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Bajaj Corp Limited IPO (Bajaj Corp IPO) Detail

Aug 2, 2010 - Aug 5, 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.

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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:

ParticularsFor the year/period ended (Rs. in Millions)
31-Dec-0931-Mar-0931-Mar-08
Total Income2,391.972,520.260.01
Profit After Tax (PAT)564.97469.92(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.

Bajaj Corp IPO Details

IPO Opening Date Aug 2, 2010
IPO Closing Date Aug 5, 2010
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹630 to ₹660 per equity share
Market Lot 10 Shares
Min Order Quantity 10 Shares
Listing At BSE, NSE
Issue Size4,500,000 Eq Shares of ₹5
(aggregating up to ₹297.00 Cr)

Bajaj Corp IPO Lot Size

The Bajaj Corp IPO market lot size is 10 shares. A retail-individual investor can apply for up to 30 lots (300 shares or ₹198,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 10 ₹6,600
Maximum 30 300 ₹198,000

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.

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.

Bajaj Corp IPO Subscription Status (Bidding Detail)

The Bajaj Corp IPO is subscribed 19.29 times on 8/5/2010 5:00:00 PM. 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)

CategorySubscription (times)
QIB20.19
NII53.49
Retail6.62
Total19.29

Bajaj Corp IPO Prospectus

Bajaj Corp IPO Rating

337
3.8
Rating:Rated 3.8 stars
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Bajaj Corp IPO Listing Date

Listing Date Wednesday, August 18, 2010
BSE Script Code 533229
NSE Symbol BAJAJCORP
Listing In B Group of Securities
ISIN INE933K01021
IPO Price ₹660 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹660.00
₹730.00
₹730.00
₹812.00
₹758.25
NSE
₹660.00
₹760.00
₹747.65
₹816.95
₹758.75

Company Contact Information

Bajaj Corp Limited
2nd Floor, Bld No. 2, Solitaire Corporate Park,
167, Guru Hargovind Marg,
Chakala, Andheri (E), Mumbai – 400 093
Phone: + (91 22) 66919477 / 78
Email: complianceofficer@bajajcorp.com
Website: http://www.bajajcorp.com

Bajaj Corp IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: bajajcorp.ipo@karvy.com
Website: https://karisma.kfintech.com/

Bajaj Corp IPO Reviews / Ratings

  • Hem Securities - Apply
  • ICICI Direct - Avoid

Bajaj Corp IPO FAQs

Bajaj Corp IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹5 aggregating up to ₹297.00 Crores. The issue is priced at ₹630 to ₹660 per equity share. The minimum order quantity is 10 Shares.

The IPO opens on Aug 2, 2010, and closes on Aug 5, 2010.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bajaj Corp IPO opens on Aug 2, 2010 and closes on Aug 5, 2010.

Bajaj Corp IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.

You can apply in Bajaj Corp IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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 Wednesday, August 18, 2010.

Bajaj Corp IPO Message Board

Ranked Members  Ranked Members

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554 Comments

554. C.A. Ramesha |Nov 1, 2010 1:07:20 AM
The Group (Bajaj) is very good group, for long term definitely we can bet on it.

By January 15, 2011 this will cross about Rs.1050,
553. IPOGARV |Oct 24, 2010 1:25:25 PM
Results of Qtr 2 are not upto expectations. Daily trade vOlume has come down.

With winters coming in North India, consumption of Almond Oil is going to increase, indirectly benefitting Bajaj Corp.

Disclaimer : Existed the stock completely just before quarterly results.
552. Ajayshare |Oct 8, 2010 8:51:00 AM
Top Contributor Top Contributor (200+ Posts)
I purchased hind dor share at 132/- and sold at 148/- (yesterday). va tech and hind dor both are in same type of business.

551. Srini |Oct 1, 2010 10:25:24 AM
Top Contributor Top Contributor (400+ Posts)
what price to expect now? kitne pe bechna hai
550. samit roy |Sep 30, 2010 4:00:01 PM
is this going to red ?; or will behave as GPPL (will go up after some time) ? as of now looks straight down falling since last few days :(
549. Anonymous |Sep 30, 2010 12:15:32 PM
SJ,

I am holding Bajaj Corp at IPO price. What is your view. Please reply.
548. sd |Sep 12, 2010 8:02:57 PM
i got 10 shares of Bajaj corp. in IPO.

Now what should i do?

Hold or Sell????

I am ready to hold any good company even for 10 - 15 years.

kindly suggest.

thanks
547. Gane |Sep 6, 2010 6:32:38 PM
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.
546. K.K.Natarajan |Sep 6, 2010 6:16:55 PM
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.
545. sreedhar |Sep 3, 2010 3:51:24 PM
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.
544. Ravi, Bangalore |Sep 3, 2010 1:07:24 PM
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.
543. Gane |Sep 2, 2010 8:27:53 PM
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.
542. K.K.Natarajan |Sep 2, 2010 8:20:22 PM
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.
541. Ravi, Bangalore |Sep 1, 2010 5:09:01 PM
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.
540. harish |Sep 1, 2010 12:51:08 PM
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
539. eagleeye |Aug 31, 2010 9:19:21 AM
hold or sell????
538. Ravi, Bangalore |Aug 26, 2010 5:20:56 PM
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.
537. namita rao |Aug 26, 2010 1:33:07 PM
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
536. HARISH |Aug 25, 2010 2:40:10 PM
BAJAJ CORP WILL DECLARE ITS FINANCIAL RESULT FOR JUNE QUARTER TOMORROW.PRICE WILL GO UP AND UP.
535. K.K.Natarajan |Aug 24, 2010 6:02:30 AM
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.