Bai Kakaji Polymers Ltd. (BSE SME)

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Bai Kakaji Polymers

December 23, 2025 – December 26, 2025

Price ₹177 - ₹186
GMP Rumors * ₹3
Lot size 600
Issue size ₹105.17 cr
Allotment Dec 29, 2025
Listing Dec 31, 2025

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Live Rate

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P/E Ratio

Bai Kakaji Polymers Listing Price

Exchange Listing Price Gain/Loss %
BSE ₹190.00 +₹4.00 +2.15%

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Shareholding Pattern


Bai Kakaji Polymers Subscription

Last updated on 26-Dec-2025 18:41:03

CategoryOfferedAppliedTimes
QIBs107520084714007.88
HNIs80640063204007.84
bHNI53760049824009.27
sHNI26880013380004.98
Individual188160066960003.56
Total3763200214878005.71
Application-Wise Breakup img
CategoryReservedAppliedTimes
HNIs (10L+)2998562.86
HNIs (3-10L)1497194.83
Individual156855803.56
QIB Interest Cost Per Share (7 Days)
@7%
₹2
@8%
₹2.2
@9%
₹2.5
@10%
₹2.8
@11%
₹3.1
@12%
₹3.4

Bai Kakaji Polymers Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
bHNI 9 5400 1004400 299

Bai Kakaji Polymers Reservation

Category Shares Offered %
Anchor 1608000 28.44%
QIB 1075200 19.02%
HNI 806400 14.26%
INDIVIDUAL 1881600 33.28%
Market Maker 283200 5.01%
Total 5654400 100%

Bai Kakaji Polymers About

IPO Details
Total Issue Size56,54,400 shares (agg. up to 105.17 Cr)
Fresh Issue Size56,54,400 shares (agg. up to 105.17 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE SME
Share Holding Pre Issue1,57,50,000 shares
Share Holding Post Issue2,14,04,400 shares
Reserved for Market Maker2,83,200 shares (agg. up to 5.27 Cr)
Market MakerHem Finlease Pvt.Ltd.
Key Performance Indicators
KPISep-25Mar-25Mar-24Mar-23
ROE21.30%41.23%30.59%17.48%
ROCE12.83%25.71%20.19%12.95%
EPS (BASIC)8.1311.665.962.65
P/E Pre IPO15.95
P/E Post IPO 15.54
Financial Details In Crores
Period EndedSep-25Mar-25Mar-24Mar-23
Assets195.45203.6998.0091.55
Total Income168.56332.12296.42275.09
Profit After Tax12.8118.379.384.18
EBITDA24.3533.5120.7514.17
NET Worth66.5553.7435.3725.99
Reserves and Surplus50.8051.4933.1223.74
Total Borrowing107.25109.2740.7145.59
Peer Comparison (Valuation)
CompanyP/E (x)CMP*(₹)Face value (₹)
Bai-Kakaji Polymers Limited15.9510.00
Cool Caps Industries Ltd.7.3776.410.00
Technopack Polymers Ltd.6.517.6910.00
SOURCE:RHP,All the financial information including EPS for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2025, and Stock Exchange Data dated December 02, 2025, to compute the corresponding financial ratios. Further, P/E Ratio is based on the current market price of the respective scripts. In the above peer comparison table, we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation.


Peer Comparison (Financial Performance)
CompanyRoNW (%)EPS (Basic) (₹)
Bai-Kakaji Polymers Limited34.1811.66
Cool Caps Industries Ltd.21.8410.36
Technopack Polymers Ltd.8.612.72
Company Overview

Bai Kakaji Polymers is engaged in the manufacturing and trading of plastic and polymer-based products, primarily PET preforms, plastic caps, and closures.

Products cater mainly to packaged drinking water, carbonated beverages, juices, and dairy industries.

Operates four manufacturing units in Latur, Maharashtra, spread across ~33,000 sq. meters.

Uses advanced machinery such as SACMI Continuous Compression Molding, ASB Preform Molding, HUSKY PET Injection Molding, and in-house testing equipment to ensure quality and consistency.

IPO proceeds will be utilised for debt repayment (₹60.00 cr), installation of additional plant & machinery (₹9.80 cr), setting up a solar power project (₹12.94 cr), and general corporate purposes.

Strength

Strong in-house manufacturing capabilities – Modern facilities enable quality control and cost efficiency.

Wide domestic market presence – Serves customers across multiple regions and beverage segments.

Experienced promoters and management – Industry expertise supports operational stability and expansion.

Weakness

High dependence on PET preforms – Any decline in demand for the key product can materially impact revenue and profitability.

Geographical concentration – Major turnover comes from specific regions, increasing exposure to regional disruptions.

Supplier concentration risk – Dependence on a few suppliers in limited locations exposes the company to raw material price volatility and supply disruptions.

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Bai Kakaji Polymers Latest Announcements

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Bai Kakaji Polymers Financial Results

Bai Kakaji Polymers Lead Manager(s)

Bai Kakaji Polymers Address

Bai Kakaji Polymers Ltd. 
Address
Plot No. M3 & M4 MIDC,
Latur, Maharashtra, 413531
Phone: +91 9028254663
Email: cs@baikakaji.com
Website: https://baikakajipolymers.com/

Bai Kakaji Polymers Registrar

Maashitla Securities Private Limited
Address: Maashitla Securities Private Limited 451, Krishna Apra Business Square Netaji Subhash Place Pitampura, Delhi, 110034