{"id":15931,"date":"2025-12-22T10:53:05","date_gmt":"2025-12-22T05:23:05","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=15931"},"modified":"2025-12-22T10:53:05","modified_gmt":"2025-12-22T05:23:05","slug":"bai-kakaji-polymers-ipo-opens-key-details-investors-shouldnt-miss","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/bai-kakaji-polymers-ipo-opens-key-details-investors-shouldnt-miss\/","title":{"rendered":"Bai Kakaji Polymers IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

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In December 2025, India\u2019s IPO market<\/a> continues to witness steady participation, with several SME and mainboard issues attracting investor attention. Amid improving market sentiment and stable secondary markets, companies from diverse sectors such as manufacturing, logistics, polymers, and FMCG sector<\/a> are tapping the capital markets to fund expansion and strengthen balance sheets. Against this backdrop, Bai Kakaji Polymers Ltd is set to launch its initial public offering, offering investors an opportunity to participate in the growing plastic and polymer manufacturing segment.<\/p>\n

Here is a detailed overview of Bai Kakaji Polymers Ltd, its IPO details, financial performance, and business outlook.<\/p>\n

<\/span>About Bai Kakaji Polymers Ltd.<\/strong><\/span><\/h2>\n

Bai Kakaji Polymers Ltd is an Indian company engaged in the manufacturing and trading of a wide range of plastic and polymer-based products. The company primarily focuses on producing high-quality plastic granules, PET preforms, plastic caps, and closures that cater to various industrial applications.<\/p>\n

Its products are widely used across packaged drinking water, carbonated beverages, juices, and dairy product segments. The company operates four manufacturing units located in Latur, Maharashtra, spread across approximately 33,000 square meters.<\/p>\n

Bai Kakaji Polymers utilises modern manufacturing technologies and machinery such as SACMI Continuous Compression Molding, ASB Preform Molding, HUSKY PET Injection Molding machines, SST Secure Seal Testers, bridge strength testers, and precision measurement equipment, enabling consistent quality and efficient production.<\/p>\n

<\/span>Bai Kakaji Polymers IPO Details<\/strong><\/span><\/h2>\n

With the IPO launch, Bai Kakaji Polymers Ltd aims to raise funds through a fresh issue to support debt repayment, capacity expansion, renewable energy initiatives, and general corporate purposes.<\/p>\n

<\/span>Important IPO Timeline<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Event<\/strong><\/td>\nDate<\/strong><\/td>\n<\/tr>\n<\/thead>\n
IPO Open Date<\/td>\nTuesday, December 23, 2025<\/td>\n<\/tr>\n
IPO Close Date<\/td>\nFriday, December 26, 2025<\/td>\n<\/tr>\n
Tentative Allotment<\/td>\nMonday, December 29, 2025<\/td>\n<\/tr>\n
Initiation of Refunds<\/td>\nTuesday, December 30, 2025<\/td>\n<\/tr>\n
Credit of Shares to Demat<\/td>\nTuesday, December 30, 2025<\/td>\n<\/tr>\n
Tentative Listing Date<\/td>\nWednesday, December 31, 2025<\/td>\n<\/tr>\n
Cut-off time for UPI mandate confirmation<\/td>\n5 PM on Friday, December 26, 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key IPO Details<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
IPO Date<\/td>\n23 to 26 Dec, 2025<\/td>\n<\/tr>\n
Face Value<\/td>\n\u20b910\u00a0per share<\/td>\n<\/tr>\n
Price Band<\/td>\n\u20b9177 to \u20b9186<\/td>\n<\/tr>\n
Lot Size<\/td>\n600 Shares<\/td>\n<\/tr>\n
Sale Type<\/td>\nFresh Capital<\/td>\n<\/tr>\n
Issue Type<\/td>\nBookbuilding\u00a0IPO<\/td>\n<\/tr>\n
Listing At<\/td>\nBSE SME<\/td>\n<\/tr>\n
Total Issue Size<\/td>\n56,54,400\u00a0shares
\n(agg. up to \u20b9105.17\u00a0Cr)<\/td>\n<\/tr>\n
Reserved for\u00a0Market Maker<\/td>\n2,83,200\u00a0shares
\n(agg. up to \u20b95.27\u00a0Cr)<\/p>\n

Hem Finlease Pvt.Ltd.<\/td>\n<\/tr>\n

Net Offered to Public<\/td>\n53,71,200\u00a0shares
\n(agg. up to \u20b999.90\u00a0Cr)<\/td>\n<\/tr>\n
Share Holding Pre Issue<\/td>\n1,57,50,000\u00a0shares<\/td>\n<\/tr>\n
Share Holding Post Issue<\/td>\n2,14,04,400\u00a0shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Lot Size of Bai Kakaji Polymers IPO<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
Application<\/strong><\/td>\nLots<\/strong><\/td>\nShares<\/strong><\/td>\nAmount<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Retail (Min)<\/td>\n2<\/td>\n1,200<\/td>\n\u20b92,23,200<\/td>\n<\/tr>\n
Retail (Max)<\/td>\n2<\/td>\n1,200<\/td>\n\u20b92,23,200<\/td>\n<\/tr>\n
S-HNI (Min)<\/td>\n3<\/td>\n1,800<\/td>\n\u20b93,34,800<\/td>\n<\/tr>\n
S-HNI (Max)<\/td>\n8<\/td>\n4,800<\/td>\n\u20b98,92,800<\/td>\n<\/tr>\n
B-HNI (Min)<\/td>\n9<\/td>\n5,400<\/td>\n\u20b910,04,400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Bai Kakaji Polymers IPO Reservation<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
Investor Category<\/strong><\/td>\nShares Offered<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Market Maker<\/td>\n2,83,200 (5.01%)<\/td>\n<\/tr>\n
QIB<\/td>\n26,83,200 (47.45%)<\/td>\n<\/tr>\n
NII (HNI)<\/td>\n8,06,400 (14.26%)<\/td>\n<\/tr>\n
Retail<\/td>\n18,81,600 (33.28%)<\/td>\n<\/tr>\n
Total<\/td>\n56,54,400 (100%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Bai Kakaji Polymers Ltd. Financials<\/strong><\/span><\/h2>\n

The Bai Kakaji Polymers IPO<\/a> has a pre-IPO market capitalisation of approximately \u20b9398.12 crore. The company has demonstrated steady financial growth, with revenue increasing by 12% and profit after tax rising by 96% between FY2024 and FY2025.<\/p>\n

<\/span>Key Company Financials<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Period Ended<\/strong><\/td>\n30 Sep 2025<\/strong><\/td>\n31 Mar 2025<\/strong><\/td>\n31 Mar 2024<\/strong><\/td>\n31 Mar 2023<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Assets (\u20b9 Cr)<\/td>\n195.45<\/td>\n203.69<\/td>\n98.00<\/td>\n91.55<\/td>\n<\/tr>\n
Total Income (\u20b9 Cr)<\/td>\n168.56<\/td>\n332.12<\/td>\n296.42<\/td>\n275.09<\/td>\n<\/tr>\n
Profit After Tax (\u20b9 Cr)<\/td>\n12.81<\/td>\n18.37<\/td>\n9.38<\/td>\n4.18<\/td>\n<\/tr>\n
EBITDA (\u20b9 Cr)<\/td>\n24.35<\/td>\n33.51<\/td>\n20.75<\/td>\n14.17<\/td>\n<\/tr>\n
Net Worth (\u20b9 Cr)<\/td>\n66.55<\/td>\n53.74<\/td>\n35.37<\/td>\n25.99<\/td>\n<\/tr>\n
Reserves & Surplus (\u20b9 Cr)<\/td>\n50.80<\/td>\n51.49<\/td>\n33.12<\/td>\n23.74<\/td>\n<\/tr>\n
Total Borrowing (\u20b9 Cr)<\/td>\n107.25<\/td>\n109.27<\/td>\n40.71<\/td>\n45.59<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key Performance Indicators (KPI)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
KPI<\/strong><\/td>\nValue<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ROE<\/td>\n41.23%<\/td>\n<\/tr>\n
ROCE<\/td>\n25.71%<\/td>\n<\/tr>\n
Debt\/Equity<\/td>\n2.03<\/td>\n<\/tr>\n
RoNW<\/td>\n34.18%<\/td>\n<\/tr>\n
PAT Margin<\/td>\n5.64%<\/td>\n<\/tr>\n
EBITDA Margin<\/td>\n10.28%<\/td>\n<\/tr>\n
Price to Book Value<\/td>\n5.45<\/td>\n<\/tr>\n
Market Cap (Pre-IPO)<\/td>\n\u20b9398.12 Cr<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Valuation Metrics<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
Metric<\/strong><\/td>\nPre IPO<\/strong><\/td>\nPost IPO<\/strong><\/td>\n<\/tr>\n<\/thead>\n
EPS (\u20b9)<\/td>\n11.66<\/td>\n11.97<\/td>\n<\/tr>\n
P\/E (x)<\/td>\n15.95<\/td>\n15.54<\/td>\n<\/tr>\n
Promoter Holding<\/td>\n100%<\/td>\n73.55%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The promoters<\/strong> of the company are Balkishan Pandurangji Mundada, Harikishan Pandurangji Mundada, Akash Balkishan Mundada, Akshay Balkishan Mundada, and Kiran Balkishan Mundada.<\/p>\n

<\/span>Competitive Strengths<\/strong><\/span><\/h3>\n