Bai Kakaji Polymers Limited is engaged in the manufacturing of PET preforms, plastic caps, and closures used in packaging applications across sectors such as packaged drinking water, beverages, juices, and dairy products. The company operates multiple manufacturing units in Maharashtra and supplies packaging components designed for different bottling and closure requirements within the domestic market.
Applicants who wish to participate in the Bai Kakaji Polymers IPO can apply through an authorised trading platform or by using the ASBA facility provided by their banking institution. The application process generally involves selecting the IPO, entering the required lot quantity, completing payment authorisation through UPI or bank mandate, and submitting the application within the specified timeline. After submission, applications move through exchange-led verification and allotment procedures to determine the final allocation status.
For more details, visit the Bai Kakaji Polymers Limited IPO page.
Bai Kakaji Polymers Limited IPO Details and Objectives
Details
| Information
|
IPO Date
| December 23, 2025 to December 26, 2025
|
Issue Size
| 56,54,400 shares (agg. up to ₹105.17 Cr)
|
Price Band
| ₹177 to ₹186 per share
|
Lot Size
| 600 shares
|
Listing At
| BSE, SME
|
Market Maker
| Hem Finlease Pvt.Ltd.
|
Purpose of the IPO
Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
Funding capital expenditure for the installation of additional plant & machinery
Funding capital expenditure for setting up a solar power project
General Corporate Purpose
Timeline of Bai Kakaji Polymers Limited IPO
Event
| Date
|
|---|
IPO Open Date
| Tue, Dec 23, 2025
|
IPO Close Date
| Fri, Dec 26, 2025
|
Tentative Allotment
| Mon, Dec 29, 2025
|
Initiation of Refunds
| Tue, Dec 30, 2025
|
Credit of Shares to Demat
| Tue, Dec 30, 2025
|
Tentative Listing Date
| Wed, Dec 31, 2025
|
Cut-off time for UPI mandate confirmation
| 5 PM on Fri, Dec 26, 2025
|
Pricing & Lot Size of Bai Kakaji Polymers Limited IPO
Price Band for the IPO
Minimum Lot Size and Application Details
Application
| Lots
| Shares
| Amount
|
Individual investors (Retail) (Min)
| 2
| 1,200
| ₹2,23,200
|
Individual investors (Retail) (Max)
| 2
| 1,200
| ₹2,23,200
|
S-HNI (Min)
| 3
| 1,800
| ₹3,34,800
|
S-HNI (Max)
| 8
| 4,800
| ₹8,92,800
|
B-HNI (Min)
| 9
| 5,400
| ₹10,04,400
|
Bai Kakaji Polymers Limited IPO Application Process
The Bai Kakaji Polymers Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using the broker's app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Bai Kakaji Polymers Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (lot size: 600 shares) within the price band of ₹177 to ₹186 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
Financial Health and Performance
Key Financial Metrics
Total Assets: Increased from ₹98.00 crore as of March 31, 2024 to ₹203.69 crore as of March 31, 2025.
Total Income: Stood at ₹332.12 crore in FY25, compared to ₹296.42 crore in FY24.
Profit After Tax (PAT): Reported at ₹18.37 crore in FY25 as against ₹9.38 crore in FY24.
Net Worth: Recorded at ₹53.74 crore as of March 31, 2025, in comparison to ₹35.37 crore as of March 31, 2024.
Reserves and Surplus: Stood at ₹51.49 crore in FY25, compared to ₹33.12 crore in FY24.
EBITDA: Reported at ₹33.51 crore in FY25, in comparison to ₹20.75 crore in FY24.
Recent Performance and Growth Prospects
The company has recorded an expansion in its asset base over the reviewed financial periods, reflecting an increase in the scale of operations and deployment of resources.
Total income has shown an upward movement between FY24 and FY25, indicating a change in revenue levels aligned with business activity during the period.
Profit after tax has increased year-on-year, highlighting a variation in earnings outcomes across the reported financial years.
Net worth has risen over the same period, suggesting a strengthening of the company’s equity position based on reported financial data.
Reserves and surplus have grown, indicating accumulation of retained earnings and internal funds during the financial year.
EBITDA levels have also increased, reflecting changes in operating performance and cost structures within core business operations.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
The company operates within the plastics and polymer-based manufacturing segment, where demand is influenced by consumption patterns in end-use industries such as beverages, food products, and packaging-related applications.
Its operations depend on the availability and pricing of polymer-based raw materials, which are linked to petrochemical market conditions and may be subject to price volatility.
Manufacturing activities involve operational processes and equipment utilisation, and any disruption related to machinery, supply chains, or regulatory compliance may affect production schedules and cost structures.
The plastics industry is subject to evolving environmental regulations and compliance requirements, which may influence operating practices and cost management over time.
Opportunities and Growth Potential
The company supplies PET preforms, caps, and closures that are used across multiple consumer-facing segments, providing exposure to steady demand from packaging-related industries.
Its presence in the domestic market and operation of multiple manufacturing units support the ability to cater to varied customer requirements across different product specifications.
The broader plastics and packaging sector continues to be linked to consumption trends in packaged beverages, dairy, and food products, which form part of the company’s operating landscape.
Ongoing developments across recycling practices, manufacturing processes, and distribution networks may present operational opportunities aligned with industry-wide changes.
Key Performance Indicator (KPI)
KPI
| Values
|
ROE
| 41.23%
|
ROCE
| 25.71%
|
Debt/Equity
| 2.03
|
RoNW
| 34.18%
|
PAT Margin
| 5.64%
|
EBITDA Margin
| 10.28%
|
Price to Book Value
| 5.45
|
Bai Kakaji Polymers Limited IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
|---|
Maashitla Securities Pvt.Ltd.
| Hem Securities Ltd.
|
Company Address of Bai Kakaji Polymers Limited
Bai Kakaji Polymers Ltd. Plot No. M3 & M4 MIDC, Latur, Maharashtra, 413531
Phone: +91 9028254663
Email: cs@baikakaji.com
Website: https://baikakajipolymers.com/
Conclusion
Bai Kakaji Polymers operates in the plastics and polymer-based manufacturing segment, with activities focused on the production of PET preforms, plastic caps, and closures used across packaging applications such as packaged drinking water, beverages, juices, and dairy products. Its operations include manufacturing through multiple units and supplying products aligned with application-specific requirements within the domestic market. The IPO outlines the stated objectives related to business requirements, along with details on the issue structure and application framework as disclosed in the offer documents.
Investors may apply for the IPO through authorised platforms or by using the ASBA facility offered by their banking institution. The general process involves selecting the IPO, entering the required bid details, completing payment authorisation through UPI or bank mandate, and submitting the application within the specified timeline. Post submission, applications are subject to exchange-level verification and allotment procedures, which determine the final allocation status.
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