Hair oil producer Bajaj Corp said it has set a price band of 630-660 rupees per share for its initial public offering of 4.5 million shares,according to an advertisement in Business Standard newspaper on Wednesday.
Bajaj Corp is a unit of Bajaj group,which owns India’s top sugar maker Bajaj Hindusthan,among others.
The offer will open on August 2,2010,the company said in the advertisement.
In early March,the company said its 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.
Kotak Mahindra Capital is the sole book-running lead manager to the issue.


