Bai Kakaji Polymers Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

23 Dec 2025

Close Date

26 Dec 2025

Allotment

29 Dec 2025

Listing Date

31 Dec 2025

Exchange

BSE SME

Price Band

₹186

Listing Price

See chart

Allotment Status

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Price Band

₹186

Per share

Face Value

₹10 per share

Lot Size

600 Shares

per lot

Issue Size

56,54,400 shares (agg. up to ₹105.17 Cr)

Total offering

Issue Type

Book Built Issue

Min Investment

₹111,600

1 lot

Pre-IPO Holding

1,57,50,000 shares

Promoters

Post-IPO Holding

2,14,04,400 shares

Promoters

P/E (Pre)

15.95x

P/E (Post)

15.54x

EPS (Pre)

₹11.66

EPS (Post)

₹11.97

UPI Deadline

2025-12-26

Mandate

GMP

+₹8

+4.3% est.

Anchor AllotmentMon, 22 Dec 2025

Basis of AllotmentMon, 29 Dec 2025

Refund InitiationTue, 30 Dec 2025

Demat CreditTue, 30 Dec 2025

Listing DayWed, 31 Dec 2025

UPI Mandate Deadline2025-12-26

Sale TypeFresh Capital

Net Offer to Public53,71,200 shares (agg. up to ₹99.90 Cr)

Market Maker Quota2,83,200 shares (agg. up to ₹5.27 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Bai Kakaji Polymers Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Dec 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	283,200	—	₹5.27
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,654,400	100%	₹105.17

IPO Shares Offered

Bai Kakaji Polymers Ltd IPO total issue size: ₹105.17 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	283,200	₹5.27	5.01%
Total	5,654,400	₹105.17	100.00%

* Based on upper price band ₹186 per share

Lot Size & Investment

Lot Size

600

Shares per Lot

Issue Price

₹186.00

Upper Band

Min Investment

₹111,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,200	₹223,200
Retail (Max — 13 Lots)	13	7,800	₹1,450,800
S-HNI (Min — 14 Lots)	14	8,400	₹1,562,400
B-HNI (Min — 68 Lots)	68	40,800	₹7,588,800

* Issue Price ₹186 × Lot Size 600 shares

IPO Schedule

Anchor

22 Dec 2025

✓ Done

IPO Open

23 Dec 2025

✓ Done

IPO Close

26 Dec 2025

✓ Done

Allotment

29 Dec 2025

✓ Done

Refunds

30 Dec 2025

✓ Done

Demat Credit

30 Dec 2025

✓ Done

Listing Day

31 Dec 2025

✓ Done

₹186.00

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Issue ₹186.00 GMP: +₹8 Live Price

About Bai Kakaji Polymers Ltd

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 StrengthIn-house manufacturing facilitiesWidespread reach in domestic marketExperienced Promoters and management teamStable and Consistent financial performanceLong standing association with customers

Objects of the Issue

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

Bai Kakaji Polymers Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹296.4

31 Mar 2024

₹332.1

31 Mar 2025

₹168.6

30 Sep 2025

Profit After Tax (PAT)

₹9.4

31 Mar 2024

₹18.4

31 Mar 2025

₹12.8

30 Sep 2025

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024
Revenue from Operations	168.56	332.12	296.42
EBITDA	24.35	33.51	20.75
Profit After Tax (PAT)	12.81	18.37	9.38
Net Worth	66.55	53.74	35.37
Total Assets	195.45	203.69	98.00
Reserves & Surplus	50.80	51.49	33.12
Borrowings	107.25	109.27	40.71
EBITDA Margin (%)	10.28%	—	—
PAT Margin (%)	5.64%	—	—

P/BV Ratio

5.45

RoE

41.23%

RoCE

25.71%

RoNW

34.18%

PAT Margin

5.64%

EBITDA Margin

10.28%

Debt/Equity

2.03

Issue Structure & Shareholding

Total Shares Offered56,54,400 (100.00%)

Net Offer to Public53,71,200 shares (agg. up to ₹99.90 Cr)

Reserved for Market Maker2,83,200 shares (agg. up to ₹5.27 Cr)

Pre-Issue Promoter Holding1,57,50,000 shares

Post-Issue Promoter Holding2,14,04,400 shares

P/BV Ratio5.45

RoE41.23%

RoCE25.71%

Debt / Equity2.03

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd

+91-11-45121795-96

investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Bai Kakaji Polymers Ltd IPO subscribed? ▲

Bai Kakaji Polymers Ltd IPO is subscribed 1.00 times by Dec 26, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Bai Kakaji Polymers Ltd IPO retail subscription status? ▼

The Bai Kakaji Polymers Ltd IPO retail category is subscribed 1.00 times as of 26 Dec 2025. The retail portion is oversubscribed.

How to subscribe Bai Kakaji Polymers Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Dec 2025 and closes 26 Dec 2025. Min investment: ₹111,600 (1 lot = 600 shares). UPI mandate: 2025-12-26.

How many times Bai Kakaji Polymers Ltd IPO subscribed? ▼

The Bai Kakaji Polymers Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bai Kakaji Polymers Ltd IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 29 Dec 2025. Refunds: on 30 Dec 2025.

When Bai Kakaji Polymers Ltd IPO will be listed? ▼

The Bai Kakaji Polymers Ltd IPO listing date is 31 Dec 2025, Wednesday. Listed on: BSE SME. Issue price: ₹186. Estimated listing: ₹194. GMP: +₹8.

When Bai Kakaji Polymers Ltd IPO close? ▼

The Bai Kakaji Polymers Ltd IPO closes on 26 Dec 2025, Friday. UPI mandate: 2025-12-26. Allotment: 29 Dec 2025. Listing: 31 Dec 2025.

Quick Actions

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Live Price LIVE

Last Price₹186.00

Change—

Issue Price₹186.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹186

Face Value₹10

Lot Size600 Sh

Min. Amount₹111,600

GMP+₹8

Est. Listing₹194

Subscribed1.00x

Open Date23 Dec 2025

Close Date26 Dec 2025

Allotment29 Dec 2025

Listing Date31 Dec 2025

ExchangeBSE SME

UPI Deadline2025-12-26