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Bai Kakaji Polymers IPO
The Bai Kakaji Polymers IPO is a book-building issue of ₹105.17 cr shares, which is entirely a fresh issue of shares. The price band for the shares is set at ₹177 and ₹186 per share and the lot size for an application is 600. An individual investor must invest a minimum of ₹2,23,200 (1,200 shares). The subscription for the IPO will start on December 23, 2025 and will close on December 26, 2025. The IPO will be listed on the BSE SME, with the expected listing date fixed as December 31, 2025.
Company Background
Bai Kakaji Polymers Ltd. was founded in 2013, with a registered office in Latur, Maharashtra. This company is a leading manufacturer and supplier of plastic and polymer-based products, with a focus on PET preforms, plastic caps and closures for the packaging industry. The company utilizes advanced machinery to produce high-quality, flash-free and leak-proof products. These products are supplied to major clients in the packaged drinking water, carbonated beverages, juices and dairy sectors. This company sells across India and is recognized for its durability, clarity and compliance with international standards.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Bai Kakaji Polymers IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Bai Kakaji Polymers IPO Details
| Detail | Description |
|---|---|
| IPO Date | 23 to 26 Dec, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹177 to ₹186 |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 56,54,400 shares (agg. up to ₹105.17 Cr) |
| Reserved for Market Maker | 2,83,200 shares (agg. up to ₹5.27 Cr) Hem Finlease Pvt.Ltd. |
| Net Offered to Public | 53,71,200 shares (agg. up to ₹99.90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,57,50,000 shares |
| Share Holding Post Issue | 2,14,04,400 shares |
Bai Kakaji Polymers IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Dec 23, 2025 |
| IPO Close Date | Fri, Dec 26, 2025 |
| Tentative Allotment | Mon, Dec 29, 2025 |
| Initiation of Refunds | Tue, Dec 30, 2025 |
| Credit of Shares to Demat | Tue, Dec 30, 2025 |
| Tentative Listing Date | Wed, Dec 31, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 26, 2025 |
Bai Kakaji Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,23,200 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,23,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,34,800 |
| S-HNI (Max) | 8 | 4,800 | ₹8,92,800 |
| B-HNI (Min) | 9 | 5,400 | ₹10,04,400 |
Bai Kakaji Polymers IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • A diverse range of polymer products, such as PET preforms and plastic caps and closures.
- • Major industries' usage, like packaged drinking water, beverages and dairy, throughout India.
- • Strong team that handles production and research and development internally.
- • High-quality products and ongoing improvements in design and manufacturing.
- • Consistent growth in financial results, revenue and profitability.
Bai Kakaji Polymers IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 195.45 | 168.56 | 12.81 | 66.55 | - | 107.25 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 203.69 | 332.12 | 18.37 | 53.74 | - | 109.27 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 98.00 | 296.42 | 9.38 | 35.37 | - | 40.71 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 91.55 | 275.09 | 4.18 | 25.99 | - | 45.59 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.66 | 11.97 |
| P/E (x) | 15.95 | 15.54 |
Conclusion
Bai Kakaji Polymers IPO offers an opportunity to investors to invest in the polymer and packaging industry. This company is well-known for its high-quality products and steady growth, with a surge in profit and revenue. With this, their company also aims to expand and introduce innovations, making it a wise investment option for those looking to grow in this sector, which not only attracts investors but also makes this IPO a great opportunity to invest and grow.
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