Bai Kakaji Polymers IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Industrial Equipments
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…
Open Date
Tue, 23 Dec 2025
Close Date
Fri, 26 Dec 2025
Price Band
₹ 177 – 186
Lot Size
600
Issue Size
₹ 105.17 Cr
Minimum Investment
₹ 223,200 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Bai Kakaji Polymers IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹105.17 Crore.
The Bai Kakaji Polymers IPO remained open for subscription from December 23, 2025, to December 26, 2025. The basis of allotment was finalized on December 29, 2025, and the company's shares were listed on BSE SME Platform on December 31, 2025.
The company had fixed the price band at ₹177 to ₹186 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹223,200 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Bai Kakaji Polymers Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Bai Kakaji Polymers IPO Timeline (Tentative)
- IPO Open Date
- Tue, 23 Dec 25
- IPO Close Date
- Fri, 26 Dec 25
- Basis of Allotment
- Mon, 29 Dec 25
- Initiation of Refunds
- Tue, 30 Dec 25
- Credit of Shares to Demat
- Tue, 30 Dec 25
- Listing Date
- Wed, 31 Dec 25 — NSE & BSE
Open Date
23 December 2025
Close Date
26 December 2025
Basis Of Allotment
29 December 2025
Listing Date
31 December 2025
IPO Subscription
Check Live Subscription →The Bai Kakaji Polymers IPO has received bids for 2,17,71,000 shares against 37,63,200 shares offered, resulting in an overall subscription of 5.79x. the NII category is subscribed 8.19x, Retail Investors 3.56x, and QIBs 7.88x.
QIB
7.88x
NII
8.19x
RII
3.56x
Total
5.79x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,81,600 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,75,200 shares (28.57%), while Non-Institutional Investors (NIIs) receive 8,06,400 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,075,200 | 28.57% |
| Non-Institutional | 806,400 | 21.43% |
| BNII | 537,600 | 14.29% |
| SNII | 268,800 | 7.14% |
| Retail Investors | 1,881,600 | 50% |
| Total | 3,763,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Bai Kakaji Polymers Limited KPI Information
| 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 |
| Pat Margin % | 5.64 | 3.18 | 1.53 |
Peers Comparison
| 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 |
About Bai Kakaji Polymers Limited
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.
Bai Kakaji Polymers IPO 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%
Bai Kakaji Polymers IPO Objective
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
Bai Kakaji Polymers Limited Address / Contact Details
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
Bai Kakaji Polymers IPO Lot Size
The Bai Kakaji Polymers IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,23,200 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,23,200.
| 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 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Bai Kakaji Polymers IPO?
Bai Kakaji Polymers IPO is a Book-building IPO with a total issue size of ₹105.17 crore. The Bai Kakaji Polymers IPO price band is ₹177 to 186 per share. The Bai Kakaji Polymers IPO subscription opens on Tue, Dec 23, 2025, and closes on Fri, Dec 26, 2025. The Bai Kakaji Polymers IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Bai Kakaji Polymers IPO.
When will the Bai Kakaji Polymers IPO open for subscription?
The Bai Kakaji Polymers IPO opens on Tue, Dec 23, 2025 and closes on Fri, Dec 26, 2025
What is Bai Kakaji Polymers IPO Price Band?
Bai Kakaji Polymers IPO Price Band is ₹177 to 186 per share.
What is Bai Kakaji Polymers IPO Lot Size?
Bai Kakaji Polymers IPO lot size is 600 shares, Retail investors need a minimum investment of ₹223200 based on the upper price band
What is the minimum investment for Bai Kakaji Polymers IPO?
The minimum investment for Bai Kakaji Polymers IPO is ₹223200, based on one lot of 600 shares at the upper price band of ₹186 per share.
How to apply for Bai Kakaji Polymers IPO?
Investors can apply for the Bai Kakaji Polymers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 26, 2025. The application amount remains blocked until the Bai Kakaji Polymers IPO allotment is finalized.
What is Bai Kakaji Polymers IPO Issue Size?
Bai Kakaji Polymers IPO issue size is ₹105.17 crores.
What is the Bai Kakaji Polymers IPO Allotment Date?
Bai Kakaji Polymers IPO allotment date is Mon, Dec 29, 2025.
Who is the Bai Kakaji Polymers IPO Registrar?
The registrar for Bai Kakaji Polymers IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Bai Kakaji Polymers IPO allotment status, refund processing, and other IPO-related information.
What is the Bai Kakaji Polymers IPO GMP?
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 1.61% over the issue price.
Who is the Bai Kakaji Polymers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Bai Kakaji Polymers IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Bai Kakaji Polymers IPO Red Herring Prospectus (RHP).