Bai Kakaji Polymers
BSE SME₹2,23,200 / Individual : 1200 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 26 Dec 2025, 05:57 PM |
| QIBs | 7.88 times |
| NII | 8.19 times |
| Total | 5.79 times |
Bai Kakaji Polymers IPO Details
The Bai Kakaji Polymers IPO price band is set between ₹177-186 per equity share, with a face value of ₹10 per share. The issue is managed by Maashitla Securities Pvt.Ltd., and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 23 Dec, 2025 and closes on 26 Dec, 2025. Investors can check the allotment status on 29 Dec, 2025, while the listing date is tentatively scheduled for 31 Dec, 2025.
The total issue size is 56,54,400 shares, aggregating up to ₹105.17 crore. Stay tuned for the latest Bai Kakaji Polymers IPO review and GMP updates.
Bai Kakaji Polymers IPO Review, Rating & Analysis
Bai Kakaji Polymers IPO Review
NO REVIEWBai Kakaji Polymers IPO Rating
Bai Kakaji Polymers IPO Highlights
IPO Date
Dec 23, 2025 - Dec 26, 2025
Listing Date
31 Dec, 2025
Face Value
₹10 Per Equity Share
Price Band
₹177-186 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Bai Kakaji Polymers IPO Lot Size
The minimum market lot for Bai Kakaji Polymers IPO is 1200 shares with an application amount of ₹2,23,200. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹2,23,200 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 1200 | ₹2,23,200 |
| S-HNI (Max) | 4 | 4800 | ₹8,92,800 |
| B-HNI (Min) | 5 | 6000 | ₹11,16,000 |
Bai Kakaji Polymers IPO Timeline
Issue Price
₹177-186 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Maashitla Securities Pvt.Ltd.Lead Manager
Hem Securities Ltd.Issue Size
56,54,400 shares(aggregating up to ₹105.17 crore)Bai Kakaji Polymers IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 195.45 | 168.56 | 12.81 | 66.55 | 50.80 | 107.25 |
| 31-Mar-25 | 203.69 | 332.12 | 18.37 | 53.74 | 51.49 | 109.27 |
| 31-Mar-24 | 98.00 | 296.42 | 9.38 | 35.37 | 33.12 | 40.71 |
| 31-Mar-23 | 91.55 | 275.09 | 4.18 | 25.99 | 23.74 | 45.59 |
In Cr.
Bai Kakaji Polymers IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 1608000 | 28.44% |
| Market Maker Shares Offered | 283200 | 5.01% |
| QIB Shares Offered | 1075200 | 19.02% |
| NII (HNI) Shares Offered | 806400 | 14.26% |
| bNII > ₹10L | 537600 | 9.39% |
| sNII < ₹10L | 268800 | 4.85% |
| Individual Shares Offered | 1881600 | 33.28% |
| Total Shares Offered | 5654400 | 100% |
Bai Kakaji Polymers IPO Documents
Bai Kakaji Polymers IPO Valuations
EPS Pre IPO
₹11.66/-EPS Post IPO
₹11.97/-PE Pre IPO
15.95PE Post IPO
15.54ROE
41.23%ROCE
25.71%Debt Equity
2.03RoNW
34.18%PAT Margin
5.64%Price to Book Value
5.45Promoters & Share Holding
Promoter(s) Name
- Balkishan Pandurangji Mundada, Harikishan Pandurangji Mundada, Akash Balkishan Mundada, Akshay Balkishan Mundada and Kiran Balkishan Mundada
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.58% |
About Company
Apollo Bai Kakaji Polymers is an Indian company incorporated in the year 2016, primarily involved in the business of manufacturing and trading plastic and polymer-based products. The company is focused on manufacturing superior quality plastic granules in the form of PET Preforms, Plastic Caps & Closures that are used in a variety of applications in the packaged drinking water, carbonated beverages, juice, and dairy sectors.
They have four manufacturing units located in Latur, Maharashtra, spanning an area of 33,000 square meters. They employ the latest manufacturing processes andequipments such as SACMI Continuous Compression Molding machine, ASB Preform Molding machine, HUSKY Pet Injection Molding machine, SST Secure Seal Tester-analogue & tester, Bridge Strength tester, Vernier Calliper, among others.
Bai Kakaji Polymers IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 10,75,200 | 8,06,400
5,37,600
2,68,800
| 18,81,600 | 37,63,200 |
Day 123-12-25 05:00 PM | 3.92 x | 1.02
x
1.49 x
0.08 x
| 0.10 x | 1.39 x |
Day 224-12-25 05:00 PM | 3.92 x | 1.31
x
1.84 x
0.25 x
| 0.27 x | 1.53 x |
Day 326-12-25 05:00 PM | 7.88 x | 8.19
x
9.79 x
4.98 x
| 3.53 x | 5.77 x |
Retail:3.53x
BHNI:2.86x
SHNI:4.83x
Bai Kakaji Polymers IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Repayment and/or pre-payment, in full or part, 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 | - |
Company Contact Details
Bai Kakaji Polymers
Plot No. M3 & M4 MIDC, Latur, Maharashtra, 413531Registrar Contact Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions about Bai Kakaji Polymers IPO
When will Bai Kakaji Polymers IPO open for subscription?
The Bai Kakaji Polymers IPO opens on 23 Dec, 2025 and closes on 26 Dec, 2025.
What is the investors portion for Bai Kakaji Polymers IPO?
The investors' portion for QIB is 7.88 x, NII is 9.79 x, and Retail is 3.53 x.
How to apply for Bai Kakaji Polymers IPO?
You can apply for Bai Kakaji Polymers IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Bai Kakaji Polymers IPO?
The issue size of Bai Kakaji Polymers IPO is approx ₹56,54,400 shares(aggregating up to ₹105.17 crore) crores.
What is the price band of Bai Kakaji Polymers IPO?
The price band for Bai Kakaji Polymers IPO is ₹177 to ₹186 per equity share.
What is the lot size of Bai Kakaji Polymers IPO?
The minimum bid (lot size) for Bai Kakaji Polymers IPO is 600 shares with an investment of approx ₹2,23,200 .
What is the allotment date of Bai Kakaji Polymers IPO?
The allotment date for Bai Kakaji Polymers IPO is 29 Dec, 2025.
What is the listing date of Bai Kakaji Polymers IPO?
The listing date for Bai Kakaji Polymers IPO is expected to be 31 Dec, 2025.
What is the GMP of Bai Kakaji Polymers IPO?
The latest Grey Market Premium (GMP) for Bai Kakaji Polymers IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.