Bajaj Corp IPO
Bajaj Corp IPO — date, price band, lot size & details 2010
Bajaj Corp listed on 18 Aug 2010 at ₹760, 15.2% above the ₹660 issue price.
Bajaj Corp is an FMCG company selling hair oils such as Bajaj Almond Drops, Amla Shikakai, Brahmi Amla and Jasmine. Its total income was Rs 334.87 crore in FY2010.
Stock price
Bajaj Corp is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 02 Aug 2010
- Close 05 Aug 2010
- Allotment 12 Aug 2010
- Refund/credit TBA
- Listing 18 Aug 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 2 to 5 Aug, 2010 |
|---|---|
| Price Band | ₹630 – ₹660 |
| Face Value | ₹5 |
| Lot Size | 10 Shares |
| Issue Size | ₹297 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 10 shares at the ₹660 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 10 | ₹6,600 |
| Retail (max) | 30 | 300 | ₹1,98,000 |
| S-HNI (min) | 31 | 310 | ₹2,04,600 |
| S-HNI (max) | 151 | 1,510 | ₹9,96,600 |
| B-HNI (min) | 152 | 1,520 | ₹10,03,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 252.03 crore in FY2009 to Rs 334.87 crore in FY2010.
- 02Profit after tax rose from Rs 46.99 crore in FY2009 to Rs 83.91 crore in FY2010.
- 03Bajaj Almond Drops is a well known hair oil brand, and the business traces back to 1953.
- 04Rs 50.00 crore of the issue was set aside for acquisitions and other strategic moves.
Risks · 5
- 01It depends heavily on one brand, Bajaj Almond Drops, for most of its Rs 334.87 crore of FY2010 income.
- 02The company only took over this business recently; total income was nil in FY2008.
- 03Rs 220.00 crore of the issue was for promoting future products, which may not succeed.
- 04Net worth was only Rs 25.61 crore in FY2010, down from Rs 51.58 crore in FY2009.
- 05Promoters held 100% before the issue and 84.75% after it, so they control the company.
Three years of numbers
All figures in ₹ crore, as reported in the Bajaj Corp offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Assets | 52.43 | 74.56 | 5.10 |
| Total Income | 334.87 | 252.03 | 0.00 |
| Profit After Tax | 83.91 | 46.99 | -0.06 |
| NET Worth | 25.61 | 51.58 | 4.90 |
| Reserves and Surplus | 15.41 | 46.63 | -0.07 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Bajaj Corp RHP.
Where the money goes
₹275.46 Cr of the issue is earmarked to named objects.
Bajaj Corp IPO Anchor Investors
12 anchor investors across 7 fund houses committed ₹52.65 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is one of the leading producers of hair oils in India. It sells Bajaj Almond Drops, its key product, along with Amla Shikakai, Brahmi Amla and Jasmine hair oils and Bajaj Black Tooth Powder.
Its legacy goes back to 1953, when Kamal Nayan Bajaj set up Bajaj Sevashram to sell hair oils and beauty products. It makes its products at two company operated plants at Parwanoo and Dehradun.
The IPO was Rs 297 crore and was entirely fresh issue at Rs 660, the top of the Rs 630 to Rs 660 band. The money was for marketing new products, acquisitions and general purposes.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Bajaj Corp IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Bajaj Corp?
The current Grey Market Premium is ₹0.
What is the Bajaj Corp IPO price band?
₹630 to ₹660, on a face value of ₹5.
When is the allotment?
The basis of allotment is 12 August 2010, with listing on 18 August 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
