Bai Kakaji Polymers Limited Link 
Allotment
Bai Kakaji Polymers IPO is a book-built issue with a total size of ₹105.17 crore. The IPO consists entirely of a fresh issue of 0.57 crore equity shares, through which the company aims to raise the full amount.
The IPO will open for subscription on December 23, 2025, and will close on December 26, 2025. The allotment is expected to be finalized on December 29, 2025, while the shares are likely to be listed on the BSE SME platform on December 31, 2025.
The price band for the IPO has been fixed between ₹177 and ₹186 per share. Each lot contains 600 shares. Retail investors must apply for a minimum of 2 lots (1,200 shares), which requires an investment of ₹2,23,200, calculated at the upper price band. For HNI investors, the minimum application size is 3 lots (1,800 shares), with a total investment of ₹3,34,800.
The IPO is being managed by Hem Securities Ltd. as the book-running lead manager, while Maashitla Securities Pvt. Ltd. has been appointed as the registrar to the issue. Hem Finlease Pvt. Ltd. will act as the market maker for the IPO.
₹186
0%
Open
₹186
HIgh - Low
₹186
Previous Close
₹186
Total Traded Value
0
52 Weeks High
₹186
52 Weeks Low
₹186
Updates On
Dec 20, 2025
IPO. Open
Dec 23, 2026
IPO. Close
Dec 26, 2026
IPO. Price
₹186.00
IPO Market price
₹398.12 Cr
IPO Details
| IPO Date | 31 Dec |
| IPO Listing Date | 31 Dec |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹186.00 |
| IPO Issue Size | 56,54,400 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Book Building IPO |
| IPO Listing | BSE SME Platform |
| hare Holding Pre Issue | 1,57,50,000 shares |
IPO Timeline
| IPO Open Date | 23 Dec |
| IPO Close Date | 26 Dec |
| IPO Allotment (Tentative) | 29 Dec |
| Refunds | 30 Dec |
| Credit to Demat Account | 30 Dec |
| IPO Listing Date | 31 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 26,83,200 Shares |
| NII (HNI) Shares Offered | 8,06,400 Shares |
| Retail Shares Offered | 18,81,600 Shares |
IPO Lot Size
Investors can bid for a minimum of 1,200 shares, with additional shares in multiples of 600.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,23,200 |
| 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 |
Bai Kakaji Polymers Limited is an Indian company involved in the manufacturing and trading of plastic and polymer products. The company mainly produces plastic granules, PET preforms, caps, and closures, which are widely used in industries such as packaged drinking water, soft drinks, juices, and dairy products.
The company operates four manufacturing facilities located in Latur, Maharashtra, covering a total area of around 33,000 square meters. These plants are equipped with modern production systems and advanced machinery, including SACMI continuous compression molding, ASB preform molding, and HUSKY PET injection molding machines. To maintain quality standards, the company also uses various testing and measuring tools such as secure seal testers, bridge strength testers, and precision measuring instruments.
Competitive Strengths
Fully in-house manufacturing capabilities
Strong domestic market presence
Experienced promoters and management team
Consistent and stable financial performance
Long-term relationships with key customers
Company Financials (Consolidated)
| Assets | 195.45 | 203.69 | 98 |
| Total Income | 168.56 | 332.12 | 296.42 |
| Profit After Tax | 12.81 | 18.37 | 9.38 |
| EBITDA | 24.35 | 33.51 | 20.75 |
| NET Worth | 66.55 | 53.74 | 35.37 |
| Reserves and Surplus | 50.80 | 51.49 | 33.12 |
| Total Borrowing | 107.25 | 109.27 | 40.71 |
Key Performance Indicator (KPI)
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 6.78 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Bai Kakaji Polymers Limited
Plot No. M3 & M4, MIDC,
Latur, Maharashtra – 413531
Phone: +91 90282 54663
Email: cs@baikakaji.com
Website: www.baikakajipolymers.com
Detail Registrar
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Bai Kakaji Polymers IPO is a book-built issue of ₹105.17 crore, entirely a fresh issue, aimed at raising capital to expand manufacturing facilities and strengthen its product portfolio.
The IPO opens on December 23, 2025, and closes on December 26, 2025. Investors can submit applications through brokers or online platforms within this subscription period.
The IPO price band is ₹177 to ₹186 per share, with each lot containing 600 shares. Retail investors must apply for at least 2 lots, while HNIs have higher minimums.
Retail investors need a minimum investment of ₹2,23,200 for 2 lots, while HNI investors must apply for at least 3 lots, amounting to ₹3,34,800, with additional multiples allowed.
Hem Securities Ltd. is the book-running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Hem Finlease Pvt. Ltd. will act as the market maker for the IPO.
The tentative allotment is expected on December 29, 2025. Refunds will start on December 30, and shares are likely to be listed on BSE SME on December 31, 2025.
The company has fully in-house manufacturing, strong domestic market presence, experienced management, consistent financial performance, and long-term relationships with key customers across plastic and polymer industries.
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