Initial public offer of Hair oil maker Bajaj Corp has been subscribed 40% on its debut day. A total of 1.47 mn equity bids were obtained out of which 15,210 bids were obtained at cut-off price.
The Shishir Bajaj group company has allotted 81 mn equity shares to the anchor investors at Rs 650 a share. The price band for the IPO of 4.50 mn shares is fixed at Rs 630-660 a share.
Reliance Capital Trustee, ICICI Prudential Emerging Star Fund, Axis MF Trustee, ICICI Prudential Life Insurance, PI Opportunities Fund, Copthall Mauritius Investment, Templeton Mutual Fund, Franklin India Smaller Companies Fund and Goldman Sachs India Fund were among the anchor savers, the company said.
The IPO will close for subscription on Aug 4, 2010 for qualified institutional buyers (QIBs) and on Aug 5, 2010 for other categories of applicants, counting retail investors.
- Kotak MF announces dividend for Quarterly Interval Plan Series 6
- Bharti AXA MF to amend exit load structure for Treasury Advantage Fund
- ICICI Pru MF announces dividend for Interval Fund
- IDFC MF announces dividend for Asset Allocation FOF Conservative Pla
- SKS Microfinance IPO promises 13.69 times on close
- What`s in and out of Kotak MF
- What`s in and out of DSP BlackRock MF
- SEBI alters MF regulations
- Reliance MF reveals 6 months FMP
- DSP BlackRock FMP - 3M - Series 18 drifts on
