Bai Kakaji Polymers IPO
Bai Kakaji Polymers IPO
Overview
Bai Kakaji Polymers IPO is a book build issue of ₹105.17 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹105.17 crore. Bai Kakaji Polymers IPO opens for subscription on Dec 23, 2025 and closes on Dec 26, 2025. The allotment for the Bai Kakaji Polymers IPO is expected to be finalized on Dec 29, 2025. Bai Kakaji Polymers IPO will list on BSE SME with a tentative listing date fixed as Dec 31, 2025. Bai Kakaji Polymers IPO price band is set at ₹177.00 to ₹186.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,23,200.00 (1,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,34,800. Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Total Shares
56,54,400
Issue Size
₹105.17 Cr
Price Band
₹177 – ₹186
Lot Size
600 shares
Min. Investment
₹2,23,200
Max. Investment
₹2,23,200
Open Date
23 Dec, 2025
Close Date
26 Dec, 2025
Allotment
29 Dec, 2025
Listing
31 Dec, 2025
Max. Investment
₹2,23,200
Announced
23 Dec, 2025
Opening Date
23 Dec, 2025
Closing Date
26 Dec, 2025
Basis of Allotment
29 Dec, 2025
Initiation of Refunds
30 Dec, 2025
Credit of Shares
30 Dec, 2025
Listing Date
31 Dec, 2025
Live GMP
Est. Listing: ₹195
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About Bai Kakaji Polymers IPO
Bai Kakaji Polymers is an Indian company engaged in the manufacturing and trading of a wide range of plastic and polymer-based products. The company focuses on producing high-quality plastic granules i.e., PET preforms, Plastic caps and closures that cater to various industrial applications, particularly in packaged drinking water, carbonated beverages, juices & dairy products.
The company has four manufacturing units in Latur, Maharashtra across 33,000 square meters. It utilizes mo
Bai Kakaji Polymers IPO Share Price
Issue Breakdown
Shareholding
Dilution: 35.9% increase in shares
Bai Kakaji Polymers IPO Financial Health
Bai Kakaji Polymers Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 96% between the financial year ending with March 31, 2025 and March 31, 2024.
Bai Kakaji Polymers IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | ₹2,23,200 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹2,23,200 |
| S-HNI (Min) | 3 | 1800 | ₹3,34,800 |
| S-HNI (Max) | 8 | 4800 | ₹8,92,800 |
| B-HNI (Min) | 9 | 5400 | ₹10,04,400 |
(All values in CR)
Bai Kakaji Polymers IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 41.23 |
| ROCE | 25.71 |
| Debt/Equity | 2.03 |
| RoNW | 34.18 |
| PAT Margin | 5.64 |
| EBITDA Margin | 10.28 |
| Price to Book Value | 5.45 |
(All values in CR)
Bai Kakaji Polymers IPO Strength & Risk
Bai Kakaji Polymers IPO – Strengths:
• In-house manufacturing of PET preforms and plastic closures enables better quality control and cost efficiency
• Established presence in the packaging supply chain with a stable customer base
• Experienced promoters and management team with industry expertise
• Consistent growth in revenue and profitability indicates improving operational performance
• Operates in the packaging segment, which benefits from steady demand from FMCG and beverage industries
Bai Kakaji Polymers IPO – Risks:
• Heavy dependence on PET preforms makes the business sensitive to changes in product demand
• Geographic concentration of operations increases exposure to regional disruptions
• Dependence on limited suppliers for raw materials creates supply chain risks
• Volatility in raw material prices can adversely impact margins
• High working capital requirements may put pressure on cash flows
Bai Kakaji Polymers IPO Subscriptions Status
Bai Kakaji Polymers IPO subscribed 5.69 times. The public issue subscribed 3.53 times in the individual investors category, 7.88 times in QIB (Ex Anchor), and 7.84 times in the NII category by December 26, 2025 5:29:36 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 16,08,000 | 16,08,000 | 29.909 |
| Market Maker | 1.00 | 2,83,200 | 2,83,200 | 5.268 |
| QIB (Ex Anchor) | 7.88 | 10,75,200 | 84,71,400 | 157.568 |
| Non-Institutional Buyers | 7.84 | 8,06,400 | 63,20,400 | 117.559 |
| bNII (bids above ₹10L) | 9.27 | 5,37,600 | 49,82,400 | 92.673 |
| sNII (bids below ₹10L) | 4.98 | 2,68,800 | 13,38,000 | 24.887 |
| Individual Investors | 3.53 | 18,81,600 | 66,38,400 | 123.474 |
| Total | 5.69 | 37,63,200 | 2,14,30,200 | 398.602 |
Bai Kakaji Polymers IPO GMP
Bai Kakaji Polymers SME IPO last GMP is ₹3, last updated Dec 26th 2025 04:58 PM. With the price band of 186.00, Bai Kakaji Polymers SME IPO's estimated listing price is ₹189 (cap price + today's GMP).The expected percentage gain/loss per share is 1.61%. >> Bai Kakaji Polymers SME IPO Retail Subject to Sauda: ₹1400 The lowest GMP is ₹0.00, while the highest GMP is ₹15.00.
Last updated 24 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Dec, 2025 | 186 | ₹9▲ | 4100 | ₹195 (4.84%) | 5400 | 24 Dec, 2025 |
| 26 Dec, 2025 | 186 | ₹3▼ | 1400 | ₹189 (1.61%) | 1800 | 26 Dec, 2025 |
| 23 Dec, 2025 | 186 | ₹15▲ | 6800 | ₹201 (8.06%) | 9000 | 23 Dec, 2025 |
| 22 Dec, 2025 | 186 | ₹8▼ | 3600 | ₹194 (4.30%) | 4800 | 22 Dec, 2025 |
| 25 Dec, 2025 | 186 | ₹9▲ | 4100 | ₹195 (4.84%) | 5400 | 25 Dec, 2025 |
| 21 Dec, 2025 | 186 | ₹0 | - | ₹186 (0.00%) | - | 21 Dec, 2025 |
| 20 Dec, 2025 | 186 | ₹0 | - | ₹186 (0.00%) | - | 20 Dec, 2025 |
| 19 Dec, 2025 | 186 | ₹0 | - | ₹186 (0.00%) | - | 19 Dec, 2025 |
| 18 Dec, 2025 | 186 | ₹0 | - | ₹186 (0.00%) | - | 18 Dec, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Bai Kakaji Polymers IPO
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Find Bai Kakaji Polymers IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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