Bai Kakaji Polymers IPO
Open SmeCurrent GMP
₹3 (+1.61%)
Price Band
₹ 177 – 186
Lot Size
600
Issue Size
₹105.17 Cr
Minimum Investment
₹223200 (1200 Shares)
Listing Date
31 December 2025
Subscription
5.79x
About the Company
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 specializes in the production of high-quality plastic granules and molded products, including PET preforms, plastic caps, and closures, catering to diverse industrial applications.
The company primarily serves industries such as packaged drinking water, carbonated beverages, juices, and dairy products, offering solutions that meet stringent quality and safety standards. With a strong focus on consistency, durability, and performance, Bai Kakaji Polymers has established itself as a reliable supplier within the packaging value chain.
Bai Kakaji Polymers operates four manufacturing units located in Latur, Maharashtra, spread across a total area of approximately 33,000 square meters. The facilities are equipped with advanced and modern manufacturing infrastructure, enabling efficient production and quality control.
The company employs state-of-the-art machinery and testing equipment, including SACMI Continuous Compression Molding machines, ASB Preform Molding machines, HUSKY PET Injection Molding machines, as well as quality assurance tools such as SST Secure Seal Testers (analog and digital), bridge strength testers, and vernier calipers. These capabilities support the company’s commitment to high product quality, operational efficiency, and compliance with industry standards.
Promoters
- Balkishan Pandurangji Mundada
- Harikishan Pandurangji Mundada
- Akash Balkishan Mundada
- Akshay Balkishan Mundada
- Kiran Balkishan Mundada
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.55%
Objects of the Issue
The Company Bai Kakaji Polymers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company
- Funding capital expenditure for the installation of additional plant & machinery
- Funding capital expenditure for setting up a solar power project
- General Corporate Purpose
Address / Contact Info
Bai Kakaji Polymers Ltd.
Plot No. M3 & M4 MIDC,
Latur, Maharashtra, 413531
Phone: +91 9028254663
Email: cs@baikakaji.com
Website: https://baikakajipolymers.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 December 2025
IPO Close Date
Friday, 26 December 2025
Basis of Allotment
Monday, 29 December 2025
Initiation of Refunds
Tuesday, 30 December 2025
Credit of Shares to Demat
Tuesday, 30 December 2025
Listing Date
Wednesday, 31 December 2025 — NSE & BSE
Important Dates
Open Date
23 December 2025
Close Date
26 December 2025
Basis Of Allotment
29 December 2025
Listing Date
31 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 195.45 | 203.69 | 98 | 91.55 |
| Revenue | 168.56 | 332.12 | 296.42 | 275.09 |
| Profit After Tax | 12.81 | 18.37 | 9.38 | 4.18 |
| Net Worth | 66.55 | 53.74 | 35.37 | 25.99 |
| Reserve & Surplus | 50.8 | 51.49 | 33.12 | 23.74 |
| Total Borrowings | 107.25 | 109.27 | 40.71 | 45.59 |
EPS Pre
11.66%
EPS Post
11.97%
P/E Pre
15.95
P/E (Post Issue)
15.54x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 41.23 | 30.59 | 17.48 |
| ROCE % | 25.71 | 20.19 | 12.95 |
| Debt / Equity | 2.03 | 1.15 | 1.75 |
| RoNW % | 34.18 | 26.53 | 16.07 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 5.64 | 3.18 | 1.53 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1075200 | 28.57 | 0 |
| Non-Institutional | 806400 | 21.43 | 0 |
| BNII | 537600 | 14.29 | 0 |
| SNII | 268800 | 7.14 | 0 |
| Retail Investors | 1881600 | 50 | 0 |
| Total | 3763200 | 100 | 0 |
Subscription Status ( Fri, 26 Dec 25 01:36 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1075200 | 8471400 | 7.88x |
| Non-Institutional | 806400 | 6603600 | 8.19x |
| Retail Investors | 1881600 | 6696000 | 3.56x |
| Total | 3763200 | 21771000 | 5.79x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Bai-Kakaji Polymers Ltd | 10 | 0.00 | 11.66 | 11.66 | 34.18 | 34.12 |
| Cool Caps Industries Ltd. | 10 | 7.37 | 10.36 | 10.36 | 21.84 | 47.42 |
| Technopack Polymers Ltd. | 10 | 6.50 | 2.72 | 2.72 | 8.61 | 18.46 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 223,200.00 |
| Retail (Max) | 2 | 1,200 | 223,200.00 |
| S-HNI (Min) | 3 | 1,800 | 334,800.00 |
| S-HNI (Max) | 8 | 4,800 | 892,800.00 |
| B-HNI (Min) | 9 | 5,400 | 1,004,400.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Bai Kakaji Polymers IPO is a Book-building IPO worth ₹105.17 crores. The price band is ₹177 to 186 per share. The IPO opens on Tue, Dec 23, 2025 and closes on Fri, Dec 26, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Bai Kakaji Polymers IPO opens on Tue, Dec 23, 2025 and closes on Fri, Dec 26, 2025
Bai Kakaji Polymers IPO Price Band is ₹177 to 186.
Bai Kakaji Polymers IPO lot size is 600, and the minimum amount required for application is ₹223200.
The minimum investment for Bai Kakaji Polymers IPO is approximately ₹223200 based on the upper price band.
To apply for the Bai Kakaji Polymers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 26, 2025. After submission, funds are blocked until the basis of allotment of Bai Kakaji Polymers IPO is finalised.
Bai Kakaji Polymers IPO issue size is ₹105.17 crores.
Bai Kakaji Polymers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Bai Kakaji Polymers IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Bai Kakaji Polymers IPO through their official website or helpline.
The Bai Kakaji Polymers IPO GMP (Grey Market Premium) is ₹3 as of Wed, Dec 31, 2025. Based on the upper price band of ₹186 per share, the estimated Bai Kakaji Polymers IPO listing price is ₹189, indicating a potential listing gain of approximately 31% over the issue price.