Bajaj Corp Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,700,000 (60%) | — | ₹17,820 Cr |
| NII (HNI) | — | 450,000 (10%) | — | ₹2,970 Cr |
| Retail | — | 1,350,000 (30%) | — | ₹8,910 Cr |
| Σ Total | — | 4,500,000 (100%) | — | ₹297,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,600 |
| Retail (Max) | 13 | 130 | ₹85,800 |
| S-HNI (Min) | 14 | 140 | ₹92,400 |
| B-HNI (Min) | 67 | 670 | ₹442,200 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Dec-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 239 | 252 | 0 |
| Profit After Tax | 56 | 47 | 0 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Promote the future products. – 220.00
- 2 Acquisitions and other strategic initiatives. – 50.00
- 3 General Corporate Purposes. – 5.46
Company Overview
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.