Bai Kakaji Polymers IPO Date, Review, Price, Allotment Details

Posted on: 19 Dec 2025

The Bai Kakaji Polymers IPO will open on December 23, 2025, and close on December 26, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹105.17 crores entirely via a fresh issue. The IPO also includes an offer for sale of equity shares with a face value of ₹10 each.

The IPO price band is set between ₹177 and ₹186 per share. The allocation comprises 35% for retail investors, 50% for QIBs, and 15% for HNIs. The allotment is expected on December 29, 2025, with the listing on BSE scheduled for December 31, 2025.

Based on the financials, the company posted revenue of ₹[.] crores in 2025 (against ₹286.33 crores in 2024) and profit of ₹[.] crores in 2025 (against ₹11.84 crores in 2024). Given these figures, the IPO appears suitable for long-term investors.

Bai Kakaji Polymers IPO Details

IPO Open Date
December 23, 2025
IPO Close Date
December 26, 2025
Face Value
₹10 Per Equity Share
IPO Price Band
₹177 to ₹186 Per Share
Issue Size
Approx ₹105.17 Crores
Fresh Issue
Approx ₹105.17 Crores
Issue Type
Book Build Issue
IPO Listing
BSE SME
DRHP Draft Prospectus
PDF

Bai Kakaji Polymers IPO Market Lot

The Bai Kakaji Polymers IPO has a minimum application lot of 1,200 shares, requiring an investment of ₹2,23,200.

Application
Lot Size
Shares
Amount
Retail Minimum
2
1,200
₹2,23,200
Retail Maximum
2
1,200
₹2,23,200
S-HNI Minimum
3
1,800
₹3,34,800
S-HNI Maximum
8
4,800
₹8,92,800
B-HNI Minimum
9
5,400
₹10,04,400

IPO Reservation

Investor Category
Share Offered
-% Shares
Anchor Investor
16,08,000 Shares
28.44%
QIB (Ex. Anchor)
10,75,200 Shares
19.02%
NII Shares Offered8,06,400 Shares
8,06,400 Shares
14.26%
Retail Shares Offered
18,81,600 Shares
33.28%

Bai Kakaji Polymers IPO Anchor Investors

Anchor Bidding Date
2025
Anchor Investors List
PDF
Shares Offered
16,08,000 Shares
Anchor Size
[.] Cr.
lock-in period end date 50% shares (30 Days)
January 28, 2026
lock-in period end date 50% shares (90 Days)
March 29, 2026

Bai Kakaji Polymers IPO Dates

The Bai Kakaji Polymers IPO will open on December 23, 2025, and close on December 26, 2025. The allotment is expected to be finalised on December 29, with the listing on BSE scheduled for December 31, 2025.

IPO Open Date:
December 23, 2025
IPO Close Date:
December 26, 2025
Basis of Allotment:
December 29, 2025
Refunds:
December 30, 2025
Credit to Demat Account:
December 30, 2025
IPO Listing Date:
December 31, 2025
IPO Bidding Cut-off Time:
December 26, 2025 – 5 PM

Promoters and Holding Pattern

The promoters of Bai Kakaji Polymers are Balkishan Pandurangji Mundada, Harikishan Pandurangji Mundada, Akash Balkishan Mundada, Akshay Balkishan Mundada, and Kiran Balkishan Mundada.

Particular
Shares
% Share
Promoter Holding Pre-Issue
1,57,50,000
100%
Promoter Holding Post Issue
2,14,04,400
73.55%

Objects of the Issue & Utilisation of Proceeds

Purpose
Crores
Repayment and/or pre-payment, in full or part, of borrowing availed by our Company
₹60.00
Funding capital expenditure for the installation of additional plant & machinery
₹9.80
Funding capital expenditure for setting up a solar power project
₹12.94
General Corporate Purpose
₹-

About Bai Kakaji Polymers IPO

Bai Kakaji Polymers is an Indian manufacturer and supplier of plastic and polymer-based products. The company specializes in the production of plastic granules, PET preforms, and plastic caps and closures. These products are widely used across industries such as packaged drinking water, carbonated beverages, fruit juices, and dairy processing.

The company operates four manufacturing units located in Latur, Maharashtra, spread across a total area of approximately 33,000 square meters. Its facilities are equipped with advanced machinery and modern production technologies, including SACMI Continuous Compression Molding, ASB Preform Molding, HUSKY PET Injection Molding, SST Secure Seal Testers (both analog and digital), Bridge Strength Testers, and Vernier Calipers. These systems help maintain consistent quality, durability, and reliability across all products.

Bai Kakaji Polymers IPO Company Financial Report

Amount ₹ in Crores

Period Ended
Revenue
Expense
PAT
Assets
2023
₹275.09
₹269.35
₹4.18
₹91.55
2024
₹286.33
₹284.98
₹9.38
₹98.00
December 2024
₹238.05
₹219.57
₹10.60
₹109.60

Bai Kakaji Polymers IPO Valuation – FY2024

Check Bai Kakaji Polymers IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPI
Values
ROE:
30.59%
ROCE:
20.19%
EBITDA Margin:
7.04%
PAT Margin:
3.18%
Debt to equity ratio:
Earning Per Share (EPS):
₹5.96 (Basic)
Price/Earning P/E Ratio:
N/A
Return on Net Worth (RoNW):
26.53%
Net Asset Value (NAV):
₹22.46

Peer Group Comparison

Company
EPS
PE Ratio
RoNW %
NAV
Income
Cool Caps Industries Ltd.
3.40
239.56
9.17%
37.07
161.03 Cr.
Technopack Polymers Ltd.
2.07
11.11
6.19%
33.73
13.09 Cr.

IPO Lead Managers aka Merchant Bankers

  • Hem Securities Ltd. 

Company Address

Bai Kakaji Polymers Limited.
Plot No. M3 & M4 MIDC, Latur,
Maharashtra, India, 413531
E-mail: cs@baikakaji.com
Phone: +91 9028254663
Website: https://baikakajipolymers.com

IPO Registrar

Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

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