Bai Kakaji Polymers Limited IPO

Bai Kakaji Polymers Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹177 - ₹186

Total Issue

₹105.17 Cr

Bid Dates

23 Dec - 26 Dec

Subscription

5.37x

Est. GMP

₹3 (1.61%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Bai Kakaji Polymers is primarily engaged in the manufacturing of PET preforms and plastic caps and closures, which are essential components of consumer product packaging. The company offers a diversified product portfolio, including specialized closures such as Alaska closures used in packaged drinking water, carbonated soft drink (CSD) caps with 1881 neck finish, and a wide range of PET preforms tailored to varied bottling requirements. Its products cater to multiple end-use industries, including packaged drinking water, carbonated beverages, juices and dairy products. With a focus on quality and application-specific solutions, Bai Kakaji Polymers serves the evolving needs of beverage and food packaging manufacturers.

Lot Info

Lot Information for Bai Kakaji Polymers IPO
Category Lots Shares Amount
Individual (Min) 2 1,200 ₹2,23,200
Individual (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
Market Maker
2,83,200 Eq Shs
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹105.17 Cr
Fresh Issue
₹105.17 Cr (0.57 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹3
Est. Price ₹189
Est. Gain 1.61%

Bai Kakaji Polymers IPO Peer Comparison

(Rs. in crores)

Bai Kakaji Polymers IPO Peer Comparison Table
Particulars Bai Kakaji Cool Caps Technopack
Revenue 325.93 238.49 17.28
PAT 18.37 11.97 1.72
EPS (₹) 11.66 10.36 2.72
NAV (₹) 34.12 47.42 18.46
RONW 34.18% 21.84% 8.61%
EBITDA 10.28% 0.59% 23.33%
PAT Mrgn 5.64% 5.02% 10.00%
PE Ratio 15.95 7.37 6.50

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 02, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Bai Kakaji Polymers IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 162.11 325.93 294.81 272.88
PAT 12.81 18.37 9.38 4.18
Net Worth 66.55 53.74 35.37 25.99
Borrowings 107.25 109.27 40.71 45.59
Assets 117.06 117.36 48.12 39.30
NAV (₹) 42.26 34.12 22.46 16.50
EPS (₹) 8.13 11.66 5.96 2.65

KPIs

EBITDA

10.28%

PAT

5.64%

ROE

41.23%

ROCE

25.71%

PE Ratio

15.95

PB Ratio

5.45

Mkt Cap (in Crs.)

398.12

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

100.00%

Public

0.00%

Balkishan Mundada 33.32%
Harikishan Mundada 33.32%
Akash Mundada 33.32%
Others 0.04%

Management

Balkishan Mundada Chairman & MD
Akshay Mundada CFO

Registrar & Lead Managers

Registrar

Maashitla Securities

Maashitla Securities

Lead Managers (1)

Hem Securities Hem Securities

Subscription Status

Updated as on 26 Dec 2025 | 05:00:00 PM

BSE SME Subscription Status for Bai Kakaji Polymers IPO
Category Sub (x) Offered Bids
QIB 7.88x 10,75,200 84,71,400
NII 7.84x 8,06,400 63,20,400
bHNI 9.27x 5,37,600 49,82,400
sHNI 4.98x 2,68,800 13,38,000
Individual Investor 3.53x 18,81,600 66,38,400
Total 5.69x 37,63,200 2,14,30,200

Subscription figures exclude Anchor investor and Market Maker portions. Data is sourced from NSE and BSE on an "AS IS" and "AS AVAILABLE" basis without any warranty.

Frequently Asked Questions

What is Bai Kakaji Polymers IPO?
Bai Kakaji Polymers IPO is a SME IPO having an issue size of ₹105.17 Crs. Bai Kakaji Polymers IPO is priced at ₹177 - ₹186 per share. The issue opens on 23 Dec 25 and closes on 26 Dec 25.
When will Bai Kakaji Polymers IPO open?
Bai Kakaji Polymers IPO opens on 23 Dec 25 and closes on 26 Dec 25.
What is the GMP of Bai Kakaji Polymers IPO?
The estimated Grey Market Premium of Bai Kakaji Polymers IPO is ₹3 per share (1.61%).
What is the lot size of Bai Kakaji Polymers IPO?
The minimum lot size of Bai Kakaji Polymers IPO is 600 shares & the minimum application amount is Rs. 111600.
When is the allotment of Bai Kakaji Polymers IPO?
The allotment date of Bai Kakaji Polymers IPO is 29 Dec 25.
What is the listing date of Bai Kakaji Polymers IPO?
The listing date of Bai Kakaji Polymers IPO is 31 Dec 25.
What is the subscription of Bai Kakaji Polymers IPO?
Bai Kakaji Polymers IPO is subscribed 5.37 times.
What is the price band of Bai Kakaji Polymers IPO?
Bai Kakaji Polymers IPO is priced at ₹177 - ₹186 per share.
How to check allotment status of Bai Kakaji Polymers IPO?
Click the allotment link on Bai Kakaji Polymers IPO page of IPO360.
How to apply Bai Kakaji Polymers IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Bai Kakaji Polymers IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Bai Kakaji Polymers IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Bai Kakaji Polymers IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date