Bajaj Corp Limited which had tapped the capital markets with its IPO for 45 lakh shares is to list on Wednesday the 18th of August. The issue was open for subscription between the 2nd and 5th of August and the price band was Rs 630-660. The issue received excellent response and was oversubscribed 19.29 times. Across categories the QIB portion was subscribed 20.19 times, the HNI category a staggering 53.49 times and retail an excellent 6.62 times.

Retail applicants who have applied for the maximum of 150 shares have been allotted 23 shares. These applicants would be looking to make a gain of a minimum of Rs 100 per share when the trading for the share begins tomorrow.