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Bai Kakaji Polymers IPO
4.01xsubscribed

Bai Kakaji Polymers IPO

Plastic Products
listed
₹2.12LMin. investment

Bai Kakaji Polymers Limited IPO Details

SectorPlastic Products
Price range₹177 – ₹186
IPO type
SME
Lot size600 shares
Issue size₹105Cr
Draft Red Herring Prospectus
Read
Market cap
₹398.12CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹325.92CrLower than sector avg
Growth rate3Y CAGR
9.29%

Bai Kakaji Polymers IPO Subscription Status

Date
QIB
NII
Retail
Total
23-Dec-25
0.15 times (X)
0.52 times (X)
0.1 times (X)
0.97 times (X)
24-Dec-25
0.17X
0.73X
0.27X
1.07X
25-Dec-25
0.17X
0.73X
0.27X
1.07X
26-Dec-25
0.25X
7.21X
3.49X
4.01X

As on 23-Dec-25, 5:30 PM

Bai Kakaji Polymers IPO Timeline

  1. Pre-apply
    22 Dec 2025
  2. Bid start
    23 Dec 2025
  3. Bid end
    26 Dec 2025
  4. Allotment
    29 Dec 2025
  5. Release of funds
    30 Dec 2025
  6. Demat transfer
    30 Dec 2025
  7. Listing
    31 Dec 2025

About Bai Kakaji Polymers Limited

Bai-Kakaji Polymers Limited is engaged in the manufacturing of PET preforms, plastic caps, and closures used in consumer product packaging. Its product portfolio includes PET preforms for varied bottling requirements and specialised closures such as Alaska closures for packaged drinking water and carbonated soft drink (CSD) caps with 1881 neck finish. These products are supplied to industries including packaged drinking water, carbonated beverages, juices, and dairy products. In addition, the company offers shrink and adhesive films as part of an integrated packaging solution for its customers. PET preforms, plastic closures, shrink films, and other products contributed 65.2%, 26.2%, 7.2%, and 1.1% respectively, of the company's product sales revenue of ₹160.95 crore as of September 30, 2025. The company runs four manufacturing facilities in Latur, Maharashtra, including the facility it acquired from M/s Bai Kakaji Industries. The majority of revenue came from Maharashtra at 65.23% followed by Karnataka at 10.3% of H1FY26 revenue.

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Objectives of Bai Kakaji Polymers Limited IPO

Repayment of borrowings
60.85%
The company will utilise ₹64 crore for repayment of outstanding borrowings.
General corporate purposes
17.47%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Capex for solar power project
12.31%
The company will utilise ₹12.94 crore towards setting up a solar power project.
Capex for plant and machinery
9.37%
The company will utilise ₹9.84 crore towards the installation of additional plant & machinery.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹325.92Cr9.29%₹18.36Cr₹398.12Cr15.952.03
This sector (avg.)₹428.83Cr0%₹23.13Cr₹1,429.77Cr52.170.88
₹10,446.25Cr---₹960.88Cr₹44,630.89Cr54.800.01
₹5,832.4Cr---₹518.9Cr₹39,668.88Cr77.840.06
₹4,141.97Cr---₹800.03Cr₹10,908.91Cr22.710.04

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Bai Kakaji Polymers IPO Contact Details

Company NameBai Kakaji Polymers Limited

How to apply for Bai Kakaji Polymers IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Bai Kakaji Polymers Limited IPO FAQs