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Bai Kakaji Polymers IPO

Bai Kakaji Polymers IPO

smelisted
Registrar: MAASHITLA SECURITIES PRIVATE LIMITED · Listing 2025-12-31
IPO Timeline
Today · 20 Oct 2026
Opens
23 Dec 2025
Closes
26 Dec 2025
Allotment
29 Dec 2025
Refund
30 Dec 2025
Demat
30 Dec 2025
Listing
31 Dec 2025
Price Band
₹177–186
GMP
₹0
0%
Lot Size
600 Shares
Min ₹111,600
Subscription
0x
Issue Size
₹105 Cr
Open
2025-12-23
Close
2025-12-26
Listing
2025-12-31

About the company

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.

Strengths

    Risks

      Financial performance (₹ Cr)

      Subscription breakup (final, times)

      Retail0x
      QIB0x
      NII0x
      EMP0x
      OTHER0x
      Total0x

      IPO Roadmap / Timeline

      Current Status · as of 20 Oct 2026
      Listed
      Listed on 31 Dec 2025
      Listed 293 days ago
      1. IPO Opens

        Completed
        23 Dec 2025

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        26 Dec 2025

        Last day to place your bid

      3. Basis of Allotment

        Completed
        29 Dec 2025

        Share allotment finalised

      4. Refund Initiation

        Completed
        30 Dec 2025

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        30 Dec 2025

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        31 Dec 2025

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      600 shares
      Price / Share (upper)
      ₹186
      Min Investment (1 lot)
      ₹111,600
      Price Band
      ₹177–186
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      600
      Min amount
      ₹111,600
      Max amount
      ₹111,600
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      1200
      Min amount
      ₹223,200
      Max amount
      ₹223,200

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹52.5 Cr
      Shares offered
      2,892,562
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹15.75 Cr
      Shares offered
      867,769
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹36.75 Cr
      Shares offered
      2,024,793
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).