Bai Kakaji Polymers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 23 to Dec 26 2025
Price Band
₹177 - 186
Current GMP
₹190(2.15%)
Subscription
5.69 times
IPO Details
| IPO Date | 23 to 26 Dec, 2025 |
| Listed on | Wed, Dec 31, 2025 |
| Face Value | ₹ 10 per share |
| Price Band | ₹177 to ₹186 |
| Issue Price | ₹186 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,54,400 shares (agg. up to ₹ 105 Cr) |
| Reserved for Market Maker | 2,83,200 shares (agg. up to ₹ 5 Cr) Hem Finlease Pvt.Ltd. |
| Net Offered to Public | 53,71,200 shares (agg. up to ₹ 100 Cr) |
| Share Holding Pre Issue | 1,57,50,000 shares |
| Share Holding Post Issue | 2,14,04,400 shares |
| BSE Script Code | 544670 |
| ISIN | INE1IJQ01026 |
IPO Date
23 to 26 Dec, 2025
Listed on
Wed, Dec 31, 2025
Face Value
₹ 10 per share
Price Band
₹177 to ₹186
Issue Price
₹186 per share
Lot Size
600 Shares
Sale Type
Fresh Capital
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
56,54,400 shares (agg. up to ₹ 105 Cr)
Reserved for Market Maker
2,83,200 shares (agg. up to ₹ 5 Cr) Hem Finlease Pvt.Ltd.
Net Offered to Public
53,71,200 shares (agg. up to ₹ 100 Cr)
Share Holding Pre Issue
1,57,50,000 shares
Share Holding Post Issue
2,14,04,400 shares
BSE Script Code
544670
ISIN
INE1IJQ01026
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 7.88 |
| Non-Institutional Buyers*** | 7.84 |
| bNII (bids above ₹10L) | 9.27 |
| sNII (bids below ₹10L) | 4.98 |
| Individual Investors | 3.53 |
| Total ** | 5.69 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
7.88
Non-Institutional Buyers***
7.84
bNII (bids above ₹10L)
9.27
sNII (bids below ₹10L)
4.98
Individual Investors
3.53
Total **
5.69
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Dec 2 3, 2025 (Day 1) | 3.92 | 1.02 | 1.49 | 0.08 | 0.10 | 1.39 |
| Dec 2 4, 2025 (Day 2) | 3.92 | 0.96 | 1.31 | 0.25 | 0.27 | 1.46 |
| Dec 2 6, 2025 (Day 3) | 7.88 | 7.84 | 9.27 | 4.98 | 3.53 | 5.69 |
DayDec 2
3, 2025 (Day 1)
QIB (Ex Anchor)3.92
NII*1.02
NII (> ₹10L)1.49
NII (< ₹10L)0.08
Individual Investors0.10
Total1.39
DayDec 2
4, 2025 (Day 2)
QIB (Ex Anchor)3.92
NII*0.96
NII (> ₹10L)1.31
NII (< ₹10L)0.25
Individual Investors0.27
Total1.46
DayDec 2
6, 2025 (Day 3)
QIB (Ex Anchor)7.88
NII*7.84
NII (> ₹10L)9.27
NII (< ₹10L)4.98
Individual Investors3.53
Total5.69
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 31-12-2025 | 186.00 | 3(1.61%) | 189 |
| 30-12-2025 | 186.00 | 3(1.61%) | 189 |
| 29-12-2025 | 186.00 | 2(1.08%) | 188 |
| 28-12-2025 | 186.00 | 3(1.61%) | 189 |
| 27-12-2025 | 186.00 | 3(1.61%) | 189 |
| 26-12-2025 | 186.00 | 3(1.61%) | 189 |
| 25-12-2025 | 186.00 | 9(4.84%) | 195 |
| 24-12-2025 | 186.00 | 9(4.84%) | 195 |
| 23-12-2025 | 186.00 | 15(8.06%) | 201 |
| 22-12-2025 | 186.00 | 8(4.30%) | 194 |
| 21-12-2025 | 186.00 | 0(0.00%) | 186 |
| 20-12-2025 | 186.00 | 0(0.00%) | 186 |
| 19-12-2025 | 186.00 | 0(0.00%) | 186 |
| 18-12-2025 | 186.00 | 0(0.00%) | 186 |
Date31-12-2025
Price186.00
GMP3(1.61%)
Estimate List Price189
Date30-12-2025
Price186.00
GMP3(1.61%)
Estimate List Price189
Date29-12-2025
Price186.00
GMP2(1.08%)
Estimate List Price188
Date28-12-2025
Price186.00
GMP3(1.61%)
Estimate List Price189
Date27-12-2025
Price186.00
GMP3(1.61%)
Estimate List Price189
Date26-12-2025
Price186.00
GMP3(1.61%)
Estimate List Price189
Date25-12-2025
Price186.00
GMP9(4.84%)
Estimate List Price195
Date24-12-2025
Price186.00
GMP9(4.84%)
Estimate List Price195
Date23-12-2025
Price186.00
GMP15(8.06%)
Estimate List Price201
Date22-12-2025
Price186.00
GMP8(4.30%)
Estimate List Price194
Date21-12-2025
Price186.00
GMP0(0.00%)
Estimate List Price186
Date20-12-2025
Price186.00
GMP0(0.00%)
Estimate List Price186
Date19-12-2025
Price186.00
GMP0(0.00%)
Estimate List Price186
Date18-12-2025
Price186.00
GMP0(0.00%)
Estimate List Price186
IPO Important Dates
| IPO Open | Tue, Dec 23, 2025 |
| IPO Close | Fri, Dec 26, 2025 |
| Allotment | Mon, Dec 29, 2025 |
| Refund | Tue, Dec 30, 2025 |
| Credit of Shares | Tue, Dec 30, 2025 |
| Listing | Wed, Dec 31, 2025 |
IPO Open
Tue, Dec 23, 2025
IPO Close
Fri, Dec 26, 2025
Allotment
Mon, Dec 29, 2025
Refund
Tue, Dec 30, 2025
Credit of Shares
Tue, Dec 30, 2025
Listing
Wed, Dec 31, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,23,200 |
| Individual investors (Retail) (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,200
Amount₹2,23,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,200
Amount₹2,23,200
ApplicationS-HNI (Min)
Lots3
Shares1,800
Amount₹3,34,800
ApplicationS-HNI (Max)
Lots8
Shares4,800
Amount₹8,92,800
ApplicationB-HNI (Min)
Lots9
Shares5,400
Amount₹10,04,400
Key Performance Indicator
| ROE | 41.23% |
| ROCE | 25.71% |
| Debt/Equity | 2.03 |
| RoNW | 34.18% |
| PAT Margin | 5.64% |
| EBITDA Margin | 10.28% |
| Price to Book Value | 5.45 |
ROE
41.23%
ROCE
25.71%
Debt/Equity
2.03
RoNW
34.18%
PAT Margin
5.64%
EBITDA Margin
10.28%
Price to Book Value
5.45
Peers 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 |
| Technopack Polymers Ltd. | 2.72 | 2.72 | 18.46 | 6.50 | 8.61 | 0.94 |
Company NameCool Caps Industries Ltd.
EPS (Basic)10.36
EPS (Diluted)10.36
NAV (₹ per share)47.42
P/E (x)7.37
RoNW (%)21.84
P/BV Ratio1.62
Company NameTechnopack Polymers Ltd.
EPS (Basic)2.72
EPS (Diluted)2.72
NAV (₹ per share)18.46
P/E (x)6.50
RoNW (%)8.61
P/BV Ratio0.94
IPO Reservation
| Market Maker Shares Offered | 2,83,200 (5.01%) |
| QIB Shares Offered | 26,83,200 (47.45%) |
| − Anchor Investor Shares Offered | 16,08,000 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 10,75,200 (19.02%) |
| NII (HNI) Shares Offered | 8,06,400 (14.26%) |
| − bNII > ₹10L | 5,37,600 (9.51%) |
| − sNII < ₹10L | 2,68,800 (4.75%) |
| Retail Shares Offered | 18,81,600 (33.28%) |
| Total Shares Offered | 56,54,400 (100.00%) |
Market Maker Shares Offered
2,83,200 (5.01%)
QIB Shares Offered
26,83,200 (47.45%)
− Anchor Investor Shares Offered
16,08,000 (28.44%)
− QIB (Ex. Anchor) Shares Offered
10,75,200 (19.02%)
NII (HNI) Shares Offered
8,06,400 (14.26%)
− bNII > ₹10L
5,37,600 (9.51%)
− sNII < ₹10L
2,68,800 (4.75%)
Retail Shares Offered
18,81,600 (33.28%)
Total Shares Offered
56,54,400 (100.00%)
Information about company
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 Strength
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or pre-payment, in full or part, of borrowing availed by our Company 64.00 2 Funding capital expenditure for the installation of additional plant & machinery 9.85 3 Funding capital expenditure for setting up a solar power project 12.94 4 General Corporate Purpose
Disclaimer
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