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Bai Kakaji Polymers Ltd

IPO Details · GMP · Subscription · Financials
✅ Listed BSE SME SME
Issue Price
₹186
Per Share
GMP
+₹8
+4.3% Grey Market
Est. Listing
₹194
Expected Price
Min. Application
₹223,200
2 lots × 600 shares
IPO Issue Details
Issue Price / Price Band₹186 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size56,54,400 shares (agg. up to ₹105.17 Cr)
Issue TypeBook Built Issue
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 23 Dec 2025
Subscription CloseFri, 26 Dec 2025
Anchor AllotmentMon, 22 Dec 2025
Basis of AllotmentMon, 29 Dec 2025
Initiation of RefundsTue, 30 Dec 2025
Credit of Shares to DematTue, 30 Dec 2025
Listing DateWed, 31 Dec 2025
UPI Mandate Deadline2025-12-26
Application & Investment Details
Retail — Min (2 Lots)₹2,23,200 — 1,200 shares
Retail — Max (13 Lots)₹1,450,800 (13 Lots)
HNI — Min (3 Lots)₹3,34,800 — 1,800 shares
QIB Quota47.45% of Issue
NII / HNI Quota14.26% of Issue
Retail Quota33.28% of Issue
Market Maker Quota5.01% of Issue
EPS (Pre-IPO)₹11.66
EPS (Post-IPO)₹11.97
P/E Ratio (Pre-IPO)15.95x
P/E Ratio (Post-IPO)15.54x
Net Offer to Public53,71,200 shares (agg. up to ₹99.90 Cr)
Reserved for Market Maker2,83,200 shares (agg. up to ₹5.27 Cr)
Pre-IPO Promoter Holding1,57,50,000 shares
Post-IPO Promoter Holding2,14,04,400 shares
About Bai Kakaji Polymers Ltd

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 modern manufacturing techniques and machines like SACMI Continuous Compression Molding, ASB Preform Molding and HUSKY Pet Injection Molding machines, SST Secure Seal Tester (analogue & tester), Bridge strength tester, Vernier Calliper, etc.Competitive StrengthIn-house manufacturing facilitiesWidespread reach in domestic marketExperienced Promoters and management teamStable and Consistent financial performanceLong standing association with customers

Shareholding & Lock-in
Pre-IPO Promoter Holding 1,57,50,000 shares
Post-IPO Promoter Holding 2,14,04,400 shares
Check Allotment Check Status →
Bai Kakaji Polymers Ltd — Live Price LIVE
₹186.00
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Issue Price
₹186.00
Issue Price
₹186.00
Face Value
₹10
Lot Size
600 sh
Listed On
31 Dec 2025
Exchange
BSE SME
GMP
+₹8
Symbol: BSE:BAI
Quick Facts
GMP Signal 🟢 Positive
StatusListed
Issue Price₹186
GMP+₹8
Est. Listing₹194
Lot Size600 shares
Min Amount₹223,200
Listing Date31 Dec 2025
QIB Shares2,683,200
NII Shares806,400
Retail Shares1,881,600
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹186
Listing Date31 Dec 2025
Listing Price₹—
Listing Gain/Loss—%
52-Week High₹—
52-Week Low₹—
GMP Trend — Bai Kakaji Polymers Ltd Post-listing trend
Issue Price ₹186.00
GMP +₹8
Est. Listing ₹194.00
Status: Listed
Bai Kakaji Polymers Ltd IPO Subscription Status
Total shares offered: 56,54,400 (100.00%). Issue price: ₹186. Subscription data will be updated once the IPO opens for bidding.
IPO Subscription Status Category-wise (as reported by BSE/NSE)
Category Shares Offered* Total Amt* (₹ Cr.)
Anchor
283,200 ₹5.270
QIB (Ex Anchor)
2,683,200 ₹49.910
NII
806,400 ₹15.000
Retail
1,881,600 ₹35.000
Total ** 5,654,400 ₹105.170
*: "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
Important Dates
Subscription OpensTue, 23 Dec 2025
Subscription ClosesFri, 26 Dec 2025
Anchor AllotmentMon, 22 Dec 2025
Basis of AllotmentMon, 29 Dec 2025
Initiation of RefundTue, 30 Dec 2025
Demat CreditTue, 30 Dec 2025
Listing DateWed, 31 Dec 2025
UPI Mandate Deadline2025-12-26
Check AllotmentClick here →
Lot Size & Investment Table
ApplicationLotsSharesAmount
Retail (Min — 2 Lots) 2 1,200 ₹223,200
Retail (Max — 13 Lots) 13 7,800 ₹1,450,800
S-HNI (Min — 14 Lots) 14 8,400 ₹1,562,400
S-HNI (Max — 66 Lots) 66 39,600 ₹7,365,600
B-HNI (Min — 67 Lots) 67 40,200 ₹7,477,200
* Issue Price ₹186 × Lot Size 600 shares
Basis of Allotment — Bai Kakaji Polymers Ltd IPO
Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares) 806,400 1,881,600 2,688,000
Allotment price (Rs.) 186 186 186 186 186 186 186 186
No. of applications
No. of shares applied
Amount collected (Rs.cr.) 49.91 5.27 55.18 15.00 35.00 105.18
No. of times subscribed
No. of shares allotted 806,400 1,881,600 2,688,000
Amount (Rs.cr.) 49.91 5.27 55.18 15.00 35.00 50.00
No. of allottees
* Based on upper price band ₹186
** Anchor investor allotment is excluded from total shares offered to public.
IPO Shares Offered (Issue Structure)
Category Shares Offered Amt (₹ Cr) Size (%)
Anchor / Market Maker 283,200 ₹5.27
5.01%
QIB (Ex Anchor) 2,683,200 ₹49.91
47.45%
NII / HNI 806,400 ₹15.00
14.26%
Retail (RII) 1,881,600 ₹35.00
33.28%
Total 5,654,400 ₹105.17
100.00%
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue from Operations 168.56 332.12 296.42
EBITDA 24.35 33.51 20.75
Profit After Tax (PAT) 12.81 18.37 9.38
Net Worth 66.55 53.74 35.37
Total Assets 195.45 203.69 98.00
Reserves & Surplus 50.80 51.49 33.12
Total Borrowings 107.25 109.27 40.71
EBITDA Margin (%) 10.28%
PAT Margin (%) 5.64%
Key Ratios & Valuation
Issue Price₹186
Face Value₹10 Per Share
Price / Book Value (P/BV)5.45
Return on Equity (RoE)41.23%
Return on Capital Employed (RoCE)25.71%
Return on Net Worth (RoNW)34.18%
PAT Margin (%)5.64%
EBITDA Margin (%)10.28%
Debt / Equity Ratio2.03
Issue Structure & Shareholding
Total Shares Offered56,54,400 (100.00%)
Net Offer to Public53,71,200 shares (agg. up to ₹99.90 Cr)
Reserved for Market Maker2,83,200 shares (agg. up to ₹5.27 Cr)
Pre-Issue Promoter Holding1,57,50,000 shares
Post-Issue Promoter Holding2,14,04,400 shares
Script CodeNot Available
Objects of the Issue

Bai Kakaji Polymers Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:

1
Object 1
2
Object 2
3
Object 3
4
Object 4
Issue Composition & Shareholding
Issue TypeBook Built Issue
Sale TypeFresh Capital
Total Shares Offered56,54,400 (100.00%)
Net Offer to Public53,71,200 shares (agg. up to ₹99.90 Cr)
Reserved for Market Maker2,83,200 shares (agg. up to ₹5.27 Cr)
Pre-Issue Promoter Holding1,57,50,000 shares
Post-Issue Promoter Holding2,14,04,400 shares
Company Details
Company Name
Bai Kakaji Polymers Ltd
Listing Exchange
BSE SME
IPO Type
allottees IPO
Issue Type
Book Built Issue
Face Value
₹10 Per Share
Script Code
Not Available
Registered Address
Plot No. M3 & M4 MIDC, Latur, Maharashtra, 413531
IPO Registrar (Share Transfer Agent)
Book Running Lead Managers (BRLM)
Hem Securities Ltd
Book Running Lead Manager (BRLM)
IPO Allotment
Check Allotment Status Check Now
Quick Actions
Check Allotment Status
IPO Timeline
IPO Opens
23 Dec 2025, Tue
✓ Done
IPO Closes
26 Dec 2025, Fri
✓ Done
Basis of Allotment
29 Dec 2025, Mon
✓ Done
Initiation of Refunds
30 Dec 2025, Tue
✓ Done
Credit of Shares
30 Dec 2025, Tue
✓ Done
Listing Day
31 Dec 2025, Wed
✓ Done
Quick Summary
Issue Price₹186
Face Value₹10
Lot Size600 Shares
Min. Investment₹223,200
Open Date23 Dec 2025
Close Date26 Dec 2025
Allotment29 Dec 2025
Listing Date31 Dec 2025
ExchangeBSE SME
GMP+₹8
Est. Listing₹194
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