Bai Kakaji Polymers Limited IPO
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.
Price Band₹177 - ₹186 |
Dates23 Dec - 26 Dec |
GMP₹3 (1.61%) |
Subscriptions5.37 times |
Issue Size₹105.17 Crs |
Bai Kakaji Polymers IPO Key Dates
Opening Date
23 Dec 25
Closing Date
26 Dec 25
Basis Of Allotment
29 Dec 25
Initiations Of Refund
30 Dec 25
Credit Of Shares
30 Dec 25
Listing Date
31 Dec 25
Bai Kakaji Polymers IPO Objects
- Repayment 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 IPO Details
Price Band₹177 - ₹186 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹105.17 Cr (0.57 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹105.17 Cr (0.57 Cr Shares) |
Face Value₹10 per equity share |
Bai Kakaji Polymers IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
1,200
2,23,200
Maximum
2
1,200
2,23,200
|
|||
| Small HNI |
Minimum
3
1,800
3,34,800
Maximum
8
4,800
8,92,800
|
|||
| Big HNI |
Minimum
9
5,400
10,04,400
|
|||
Bai Kakaji Polymers IPO Subscription
Updated as on 26 Dec 2025 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 7.88 | 10,75,200 | 84,71,400 |
| NII | 6.06 | 8,06,400 | 66,03,600 |
| bNII (bids above ₹10L) | 9.79 | 5,37,600 | 52,65,600 |
| sNII (bids between ₹2L to ₹10L) | 4.98 | 2,68,800 | 13,38,000 |
| Retail | 3.53 | 18,81,600 | 66,38,400 |
| Total | 5.37 | 40,46,400 | 2,17,13,400 |
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.
Bai Kakaji Polymers IPO GMP
The estimated Grey Market Premium of Bai Kakaji Polymers IPO is ₹3 per share (1.61%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 2,83,200 Eq Shs |
Bai Kakaji Polymers IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Bai Kakaji Polymers IPO Peer Comparision
| 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
Bai Kakaji Polymers IPO Peer Comparision
| Particulars | Bai Kakaji |
|---|---|
| Revenue | 325.93 |
| PAT | 18.37 |
| EPS (₹) | 11.66 |
| NAV (₹) | 34.12 |
| RONW | 34.18% |
| EBITDA | 10.28% |
| PAT Mrgn | 5.64% |
| PE Ratio | 15.95 |
| Cool Caps | Technopack |
|---|---|
| 238.49 | 17.28 |
| 11.97 | 1.72 |
| 10.36 | 2.72 |
| 47.42 | 18.46 |
| 21.84% | 8.61% |
| 0.59% | 23.33% |
| 5.02% | 10.00% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Balkishan Mundada | 33.32% |
| Harikishan Mundada | 33.32% |
| Akash Mundada | 33.32% |
| Others | 0.04% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Balkishan Mundada | Chairman & MD |
| Akshay Mundada | CFO |
Company Details
Name: Bai-Kakaji Polymers Limited
Address: Plot No. M3 & M4 MIDC, Latur,
Maharashtra, India, 413531
Number: +91 9028254663
Email: cs@baikakaji.com
Website: https://baikakajipolymers.com/
Book Running Lead Managers (BRLMs)
RTAs
Maashitla Securities
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Bai Kakaji Polymers IPO is a SME IPO having an issue size of Rs. ₹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.
Bai Kakaji Polymers IPO opens on 23 Dec 25 and closes on 26 Dec 25.
The estimated Grey Market Premium of Bai Kakaji Polymers IPO is ₹3 per share (1.61%).
The minimum lot size of Bai Kakaji Polymers IPO is 600 shares & the minimum application amount is Rs. 111600.
The allotment date of Bai Kakaji Polymers IPO is 29 Dec 25.
The listing date of Bai Kakaji Polymers IPO is 31 Dec 25.
Bai Kakaji Polymers IPO is subscribed 5.37 times.
Bai Kakaji Polymers IPO is priced at ₹177 - ₹186 per share.
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