Bajaj Corp files for IPO of 4.5 mn shares
Hair oil producer Bajaj Corp Ltd said it has filed regulatory application for an initial public offering of 4.5 million shares.
By PTI |
MUMBAI: Hair oil producer Bajaj Corp Ltd said it has filed regulatory application for an initial public offering of 4.5 million shares.
The price range of the IPO was not yet decided, it said on Wednesday. The offer would constitute 15.3 percent of its post-issue paid up equity capital and the IPO proceeds would be used for product expansion and acquisitions, the firm said in a statement.
Kotak Mahindra Capital Company Ltd is the sole book running lead manager to the issue. Bajaj Corp 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.
The price range of the IPO was not yet decided, it said on Wednesday. The offer would constitute 15.3 percent of its post-issue paid up equity capital and the IPO proceeds would be used for product expansion and acquisitions, the firm said in a statement.
Kotak Mahindra Capital Company Ltd is the sole book running lead manager to the issue. Bajaj Corp 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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