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Bai Kakaji Polymers IPO
₹1,06,200/600 shares
Minimum Investment
IPO Details
23 Dec 25
26 Dec 25
₹1,06,200
600
₹177 to ₹186
BSE
₹105.17 Cr
31 Dec 25
Bai Kakaji Polymers IPO Timeline
Bidding Start
23 Dec 25
Bidding Ends
26 Dec 25
Allotment Finalisation
29 Dec 25
Refund Initiation
30 Dec 25
Demat Transfer
30 Dec 25
Listing
31 Dec 25
Bai Kakaji Polymers Limited IPO
Bai Kakaji Polymers Limited is engaged in manufacturing and trading polymer-based products such as PET preforms, plastic caps, and closures. The company primarily caters to packaged drinking water, beverages, dairy, and juice industries. It operates four manufacturing units in Latur, Maharashtra, equipped with modern machinery and quality testing systems. With a strong domestic presence, in-house manufacturing, and experienced promoters, the company focuses on consistent quality, customer relationships, and operational efficiency to support its business growth.
Bai Kakaji Polymers Limited IPO Overview
Bai Kakaji Polymers Limited IPO is a bookbuilding issue of ₹105.17 crore, consisting entirely of a fresh issue of 56,54,400 equity shares. The IPO opens for subscription on 23 December 2025 and closes on 26 December 2025. The allotment is expected on 29 December 2025, with listing scheduled on BSE SME on 31 December 2025. Hem Securities Ltd. is the book running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Hem Finlease Pvt. Ltd. is the market maker. The lot size for bidding is 600 shares.
Bai Kakaji Polymers Limited IPO Details
| Particulars | Details |
| IPO Date | 23 December 2025 to 26 December 2025 |
| Listing Date | 31 December 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹177 to ₹186 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 56,54,400 shares (aggregating up to ₹105.17 Cr) |
| Fresh Issue | 56,54,400 shares (aggregating up to ₹105.17 Cr) |
| Offer for Sale | NA |
| 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 |
| Market Maker Portion | 2,83,200 shares |
Bai Kakaji Polymers Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | 47.45% of the Net Issue |
| Retail | 33.28% of the Net Issue |
| NII (HNI) | 14.26% of the Net Issue |
| Market Maker | 5.01% of the Net Issue |
Bai Kakaji Polymers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 1,200 | ₹2,23,200 |
| Retail (Max) | 2 | 1,200 | ₹2,23,200 |
| HNI (Min) | 3 | 1,800 | ₹3,34,800 |
Bai Kakaji Polymers Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue | 73.55% |
Bai Kakaji Polymers Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹11.66 |
| Price/Earnings (P/E) Ratio | 15.54 |
| Return on Net Worth (RoNW) | 34.18% |
| Net Asset Value (NAV) | ₹53.74 |
| Return on Equity | 41.23% |
| Return on Capital Employed (ROCE) | 25.71% |
| EBITDA Margin | 10.28% |
| PAT Margin | 5.64% |
| Debt to Equity Ratio | 2.03 |
Objectives of the Proceeds
- Repayment or prepayment of existing borrowings – ₹64.00 crore
- Capital expenditure for additional plant and machinery – ₹9.85 crore
- Capital expenditure for setting up solar power project – ₹12.94 crore
- General corporate purposes
Key Financials (in ₹ crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 203.69 | 98.00 | 91.55 |
| Revenue | 332.12 | 296.42 | 275.09 |
| Profit After Tax | 18.37 | 9.38 | 4.18 |
| Reserves and Surplus | 51.49 | 33.12 | 23.74 |
| Total Borrowings | 109.27 | 40.71 | 45.59 |
SWOT Analysis of Bai Kakaji Polymers IPO
Strength and Opportunities
- Experienced promoters with strong industry knowledge.
- In-house manufacturing ensuring quality control
- Established domestic market presence
- Long-term customer relationships
Risks and Threats
- High dependence on packaged beverage sector
- Exposure to raw material price volatility
- Capital-intensive operations
- Competitive pressure from organised players
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About Bai Kakaji Polymers Limited
Bai Kakaji Polymers IPO Strengths
- Experienced promoters and management team with strong industry expertise
- In-house manufacturing facilities ensuring quality control and operational efficiency
- Well-established presence across key domestic markets
- Long-standing customer relationships supporting repeat business
- Modern machinery and testing infrastructure maintaining product standards
- Consistent financial performance supporting business scalability
Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
| Cool Caps Industries Ltd. | 10.36 | 10.36 | 47.42 | 7.37 | 21.84 | 1.62 |
| Peer Group | ||||||
| Technopack Polymers Ltd. | 2.72 | 2.72 | 18.46 | 6.50 | 8.61 | 0.94 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Bai Kakaji Polymers Limited IPO
How can I apply for Bai Kakaji Polymers Limited IPO?
You can apply through HDFC Sky using the UPI-based ASBA facility linked to your bank account.
What is the price band of Bai Kakaji Polymers Limited IPO?
The IPO price band is fixed between ₹177 and ₹186 per equity share.
What is the minimum investment required for retail investors?
Retail investors must invest a minimum of ₹2,23,200 for 1,200 shares.
On which exchange will Bai Kakaji Polymers Limited IPO list?
The IPO is proposed to be listed on the BSE SME platform.
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