Latest IPO; Bajaj Corp IPO

BAJAJ CORP IPOIndia’s leading hair oils producers -Bajaj Corp Limited announced its IPO (initial public offering ) open on 02-Aug-2010.and would continue to be open for subscription until 05-Aug-2010.Bajaj Corp increase nearly Rs 282 – 297 Crore -through the IPO issue and issue 4,500,000 equity shares.The price band for that issue is Rs 630 at lower level and Rs 660 at upper level. Fase value is Rs.5 per share and Tick Size is Re.1FMCG company

India’s leading FMCG company- Bajaj Corp Ltd sell the Amla Shikakai, Bajaj Almond Drops (important product of the firm) , Jasmine and Brahmi Amla Hair Oil brands.As per a surveys made by AC Neilson, Bajaj Corp Ltd. is the India’s 3rd biggest manufacturer of hair oils as well as the largest manufacturer of light hair oils with its Almond Drops product attaining an Indian market share of 50.3percent for the fiscal year.

The company manufacturing capability for light hair oil improve from thirty-nine million liters per year to 74 million liters per year.

Face Value; Rs.5
Tick Size; Re.1
Minimum Order Qty 10
Market Lot 10.
Issue Type is Book Building.

IPO Grade For Bajaj Corp Limited

CRISIL has assigned IPO Grade 4 to the initial public offer of Bajaj Corp Ltd, this indicating company ‘ Above Average Fundamentals’

capital market provide IPO rate 50 ( low-1, high-100).

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Our View

Bajaj Corp Limited fundamentaly strong and placed strong growth in it’s financial in past few years (two years), this stock will trade up to 950 with in 6 month by vm.venkatesh.

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Conduct details

Address: 2nd Floor, Building No. 2, Solitaire Corporate Park, 167, Guru Hargovind Marg, Chakala, Andheri (E), Mumbai – 400093.

Phone number; 022-66919477  Fax detail;. 022-66919476

Email address; complianceofficer@bajajcorp.com

Website Url;  http://www.bajajcorp.com/

Kotak Mahindra Capital Company Ltd are the Book Running Lead Managers for Bajaj Corp Limited

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Bajaj Corp IPO Bidding News, Bajaj Corp IPO Allotment Guide, latest ipo
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