Bai Kakaji Polymers IPO Description – Established in 2013, Bai Kakaji Polymers is a leading manufacturer of PET preforms, plastic caps, and closures, with a diversified product portfolio catering to multiple consumer packaging industries such as packaged drinking water, carbonated soft drinks, juices, and dairy products. The company has since transformed into a large-scale integrated packaging solutions provider, operating with advanced machinery like SACMI Continuous Compression Molding, ASB Preform Molding, HUSKY PET Injection Molding, and Milacron systems sourced from globally reputed OEMs.
The company operates four manufacturing units in Latur, Maharashtra, spread over 33,000 sq. meters, including the recently acquired business of M/s Bai Kakaji Industries (effective March 1, 2025). It serves 976 customers, with repeat business from 232 clients over the past three years, and a revenue concentration of 29.80% from the top five customers in December 2024.
As of 30 April 2025, the company employed a total of 401 individuals, comprising 144 permanent employees and 257 contractual employees
Promoters of Bai Kakaji Polymers – Balkishan Pandurangji Mundada, Harikishan Pandurangji Mundada, Akash Balkishan Mundada, Akshay Balkishan Mundada and Kiran Balkishan Mundada
Table of Contents
Bai Kakaji Polymers IPO Details
| Bai Kakaji Polymers IPO Dates | 23 – 26 December 2025 |
| Bai Kakaji Polymers Issue Price | INR 177 – 186 per share |
| Fresh Issue | 56,56,400 shares (INR 100.12 – 105.21 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 56,56,400 shares (INR 100.12 – 105.21 crore) |
| Minimum Bid | 1,200 shares (INR 2,23,200) |
| Lot Size | 600 shares (INR 1,11,600) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Bai Kakaji Polymers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 193.40 | 272.88 | 294.82 | 233.18 |
| Expenses | 190.59 | 269.35 | 284.98 | 219.57 |
| Net income | 4.12 | 4.18 | 9.39 | 10.60 |
Bai Kakaji Polymers Offer News
- Bai Kakaji Polymers RHP
- Bai Kakaji Polymers Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Bai Kakaji Polymers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.61 | 2.65 | 5.96 |
| PE ratio | – | – | – |
| RONW (%) | 18.86 | 16.07 | 26.53 |
| NAV | 13.85 | 16.50 | 22.46 |
| ROCE (%) | 12.70 | 12.95 | 20.19 |
| EBITDA (%) | 6.54 | 5.19 | 7.04 |
| Debt/Equity | 2.15 | 1.75 | 1.15 |
Bai Kakaji Polymers IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Bai Kakaji Polymers IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
Bai Kakaji Polymers IPO Allotment Status
Bai-Kakaji Polymers IPO allotment status will be available on the Maashitla Securities website. Click on this link to get the allotment status.
Bai Kakaji Polymers IPO Dates & Listing Performance
| IPO Opening Date | 23 December 2025 |
| IPO Closing Date | 26 December 2025 |
| Finalization of Basis of Allotment | 29 December 2025 |
| Initiation of refunds | 30 December 2025 |
| Transfer of shares to demat accounts | 30 December 2025 |
| IPO Listing Date | 31 December 2025 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Bai-Kakaji Polymers Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013
Phone: +91- 022- 49060000
Email: [email protected]
Website: www.hemsecurities.com
Bai-Kakaji Polymers Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji
Subhash Place, Pitampura, New Delhi-110034
Tel: 011-47581432
E-mail: [email protected]
Website: www.maashitla.com
Bai-Kakaji Polymers Contact Details
BAI-KAKAJI POLYMERS LIMITED
Plot No. M3 & M4 MIDC, Latur, Maharashtra, India, 413531
Phone: +91 9028254663
E-mail: [email protected]
Website: www.baikakajipolymers.com
IPO FAQs
What is the Bai-Kakaji Polymers offer size?
Bai-Kakaji Polymers offer size is INR 100.12 – 105.21 crores.
What is the Bai-Kakaji Polymers offer price band?
Bai-Kakaji Polymers public offer price is INR 177 – 186 per share.
What is the lot size of the Bai-Kakaji Polymers IPO?
Bai-Kakaji Polymers offer lot size is 600 shares.
What is the Bai-Kakaji Polymers IPO GMP today?
Bai-Kakaji Polymers IPO GMP today is INR 177 – 186 per share.
What is the Bai-Kakaji Polymers kostak rate today?
Bai-Kakaji Polymers kostak rate today is INR NA per application.
What is the Bai-Kakaji Polymers IPO Subject to Sauda rate today?
Bai-Kakaji Polymers Subject to Sauda rate today is INR NA per application.