Bai Kakaji Polymers SME IPO
Bai Kakaji Polymers IPO — date, price band, GMP & allotment 2025
Bai Kakaji Polymers manufactures polymer-based products for packaging, construction, and industrial applications. The IPO will fund production capacity expansion, technology upgrades, and market outreach. With growing demand for polymer products in India, Bai Kakaji Polymers is looking to strengthen its market position, providing investors a chance to be part of a steadily expanding manufacturing business.
Stock price
Bai Kakaji Polymers is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 September.
- Open 23 Dec 2025
- Close 26 Dec 2025
- Allotment 29 Dec 2025
- Refund/credit 30 Dec 2025
- Listing 31 Dec 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 26 Dec, 2025 |
|---|---|
| Price Band | ₹177 to 186 |
| Face Value | ₹₹10 |
| Lot Size | 600 Shares |
| Issue Size | ₹₹105 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,23,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 600 shares at the ₹186 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 1,200 | ₹2,23,200 |
| Retail (max) | 2 | 1,200 | ₹2,23,200 |
| HNI (min) | 3 | 1,800 | ₹3,34,800 |
Three years of numbers
All figures in ₹ crore, as reported in the Bai Kakaji Polymers offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 195.45 | 203.69 | 98.00 | 91.55 |
| Total Income | 168.56 | 332.12 | 296.42 | 275.09 |
| Profit After Tax | 12.81 | 18.37 | 9.38 | 4.18 |
| EBITDA | 24.35 | 33.51 | 20.75 | 14.17 |
| NET Worth | 66.55 | 53.74 | 35.37 | 25.99 |
| Reserves and Surplus | 50.80 | 51.49 | 33.12 | 23.74 |
| Total Borrowing | 107.25 | 109.27 | 40.71 | 45.59 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Bai Kakaji Polymers RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Bai Kakaji Polymers IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹11.97 |
| P/E Ratio (x) | 15.54 |
| Market Cap at Offer Price (₹ Cr) | ₹199.05 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹186 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹93.57 Cr of the issue is earmarked to named objects.
About the company
The company’s product portfolio typically includes plastic granules, woven sacks, and other polymer-related products used in industrial and commercial applications. Promoted by experienced entrepreneurs with domain knowledge in the plastics industry, Bai Kakaji Polymers follows a business model centred on efficient sourcing of raw materials, value-added manufacturing, and strong client relationships. By maintaining cost efficiency and product reliability, the company aims to sustain long-term partnerships with its customers while expanding its footprint in the domestic polymer market.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 9028254663
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Hem Securities Ltd.
13 issues handledBest listing: Credent Connect N Care (+90.0%). Weakest: E to E Transportation Infrastructure (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Bai Kakaji Polymers?
The current Grey Market Premium is ₹0.
What is the Bai Kakaji Polymers IPO price band?
₹177 to ₹186, on a face value of ₹₹10.
When is the allotment?
The basis of allotment is 29 December 2025, with listing on 31 December 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
