Bai Kakaji Polymers Limited
Bookbuilding IPO · BSE
- Price band
- ₹177 - ₹186
- Lot size
- 600 shares
- Issue amount
- ₹105.17 cr
- Total subscription
- 5.79×
- Opens
- 23 Dec 2025
- Closes
- 26 Dec 2025
- Allotment
- 29 Dec 2025
- Listing
- 31 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 56,54,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,06,200
- Fresh issue
- ₹105.17 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,11,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,57,50,000
- Shares after issue
- 2,14,04,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,23,200 |
| sHNI | 3 | 1,800 | ₹3,34,800 |
| bHNI | 9 | 5,400 | ₹10,04,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 26 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 23 |
| NIB | 0 | 1,575 |
| RETAIL | 1,568 | 5,580 |
| HNIs(10L +) | 299 | 856 |
| HNIs (2-10L) | 149 | 719 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 20 | 157.57 |
| FIIs | 0 | 3.98 |
| Others | 0 | 153.38 |
| RETAIL | 35 | 124.55 |
| NIB | 15 | 122.83 |
| HNIs 2+ | 5 | 24.89 |
| HNIs 10+ | 10 | 97.94 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 8.13 | 11.66 | 5.96 | 2.65 |
| ROE | 21.3 | 41.23 | 30.59 | 17.48 |
| ROCE | 12.83 | 25.71 | 20.19 | 12.95 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 15.95 | 0 | 0 |
| POST IPO(PE) | 15.54 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Bai-Kakaji Polymers Limited | 15.95 | 0 | 10.00 | 0 | 34.18 | 11.66 |
| Cool Caps Industries Ltd | 7.37 | 76.4 | 10.00 | 0 | 21.84 | 10.36 |
| Technopack Polymers Ltd | 6.5 | 17.69 | 10.00 | 0 | 8.61 | 2.72 |
Company information
Company profile
Bai Kakaji Polymers is an Indian manufacturer and trader of plastic and polymer-based products, specializing in PET preforms, plastic caps, and closures used mainly in packaged drinking water, carbonated beverages, juices, and dairy products. The company operates four manufacturing units in Latur, Maharashtra, spread across 33,000 square meters, and uses modern machinery such as SACMI continuous compression molding, ASB preform molding, and HUSKY PET injection molding systems, along with advanced testing and quality control equipment to ensure consistent product quality.
Strengths
- Robust In-House Manufacturing Strength – Advanced production facilities ensure consistent quality, better cost control, and efficient operations.
- Extensive Domestic Market Reach – Strong presence across multiple regions and beverage categories supports steady demand and market penetration.
- Seasoned Leadership and Management Team – Experienced promoters and professionals provide operational stability and guide business growth.
Risk factors
- Heavy Reliance on Core Product Segment – A large portion of revenue comes from PET preforms, so any drop in demand for this product can significantly affect sales and profitability.
- Regional Revenue Concentration Risk – Most turnover is generated from specific regions, making the business vulnerable to local economic or operational disruptions.
- Dependence on Limited Supplier Base – Sourcing raw materials from a few suppliers in select locations increases exposure to price fluctuations and supply interruptions.
Promoters
Balkishan Pandurangji Mundada
Harikishan Pandurangji Mundada
Akash Balkishan Mundada
Akshay Balkishan Mundada
Kiran Balkishan Mundada
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. M3 & M4 MIDC, Latur, Maharashtra, 413531
+91 9028254663
[email protected]Company website ↗Understanding BAIKAKAJI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.