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Bajaj Corp Files For IPO (03-Mar-2010)

Indian-Commodity  :  Ipo  :  Bajaj Corp Files For IPO
Bajaj Corp Files For IPO
Bajaj Corp Ltd. has announced that it has filed a regulatory application for an Initial Public Offering (IPO) of 4.5 mn shares.

The price range of the IPO was not yet decided. The offer would constitute 15.3 % of its post-issue paid up equity capital.

The proceeds from the IPO would be used for product expansion and acquisitions.

The sole book running lead manager to the issue is Kotak Mahindra Capital Company Ltd.

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 company sells the Bajaj Almond Drops, Brahmi Amla and Jasmine Hair Oil brands.

It also produces oral care products under the brand name Bajaj Black Tooth Powder.
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