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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.

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

Issue OpenAug 2, 2010 - Aug 5, 2010
Issue TypeBook Built Issue IPO
Issue Size4,500,000 Eq Shares of Rs 5
(aggregating up to Rs 297.00 Cr)
Face ValueRs 5 Per Equity Share
Issue PriceRs 630 - Rs 660 Per Equity Share
Market Lot10 Shares
Min Order Quantity10 Shares
Listing AtBSE, 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.

Bajaj Corp IPO Subscription Status (Bidding Detail)

Bajaj Corp IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

1,890,000

450,000

1,350,000

3,690,000

Aug 5, 2010 17:00

20.19x

53.49x

6.62x

19.29x

Bajaj Corp IPO Prospectus

Bajaj Corp IPO Rating

337
3.8
Rating:Rated 3.8 stars

Vote Here ...

Bajaj Corp IPO Listing Date

Listing DateWednesday, August 18, 2010
BSE Script Code533229
NSE SymbolBAJAJCORP
Listing InB
ISININE933K01021
Issue PriceRs 660 Per Equity Share
Face ValueRs 5 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 660.00
Rs 730.00
Rs 730.00
Rs 812.00
Rs 758.25
3,707,538
NSE
Rs 660.00
Rs 760.00
Rs 747.65
Rs 816.95
Rs 758.75
5,863,899

Bajaj Corp IPO Reviews / Ratings

Capital Markat Review
Hem Securities - Subscribe.
ICICIDirect - Avoid.

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

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: bajajcorp.ipo@karvy.com
Website: https://karisma.karvy.com/

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Bajaj Corp IPO Review / Comments

C.A. Ramesha
554. C.A. Ramesha  Nov 1, 2010 00:07 I Like It. | Report Abuse
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,
IPOGARV
553. IPOGARV  Oct 24, 2010 12:25 I Like It. | Report Abuse
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.
Ajayshare
552. Ajayshare  Oct 8, 2010 07:51 I Like It. | Report Abuse
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.

Srini
551. Srini  Oct 1, 2010 09:25 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
what price to expect now? kitne pe bechna hai
samit roy
550. samit roy  Sep 30, 2010 15:00 I Like It. | Report Abuse
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 :(
Anonymous
549. Anonymous  Sep 30, 2010 11:15 I Like It. | Report Abuse
SJ,

I am holding Bajaj Corp at IPO price. What is your view. Please reply.
sd
548. sd  Sep 12, 2010 19:02 I Like It. | Report Abuse
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
Gane
547. Gane  Sep 6, 2010 17:32 I Like It. | Report Abuse
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.
K.K.Natarajan
546. K.K.Natarajan  Sep 6, 2010 17:16 I Like It. | Report Abuse
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.
sreedhar
545. sreedhar  Sep 3, 2010 14:51 I Like It. | Report Abuse
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.
Ravi, Bangalore
544. Ravi, Bangalore  Sep 3, 2010 12:07 I Like It. | Report Abuse
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.
Gane
543. Gane  Sep 2, 2010 19:27 I Like It. | Report Abuse
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.
K.K.Natarajan
542. K.K.Natarajan  Sep 2, 2010 19:20 I Like It. | Report Abuse
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.
Ravi, Bangalore
541. Ravi, Bangalore  Sep 1, 2010 16:09 I Like It. | Report Abuse
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.
harish
540. harish  Sep 1, 2010 11:51 I Like It. | Report Abuse
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
eagleeye
539. eagleeye  Aug 31, 2010 08:19 I Like It. | Report Abuse
hold or sell????
Ravi, Bangalore
538. Ravi, Bangalore  Aug 26, 2010 16:20 I Like It. | Report Abuse
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.
namita rao
537. namita rao  Aug 26, 2010 12:33 I Like It. | Report Abuse
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
HARISH
536. HARISH  Aug 25, 2010 13:40 I Like It. | Report Abuse
BAJAJ CORP WILL DECLARE ITS FINANCIAL RESULT FOR JUNE QUARTER TOMORROW.PRICE WILL GO UP AND UP.
K.K.Natarajan
535. K.K.Natarajan  Aug 24, 2010 05:02 I Like It. | Report Abuse
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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