Bai Kakaji Polymers IPO Shows Strong Response, Subscribed 5.69x on Day 3

Bai Kakaji Polymers Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription. The stock price band is set at ₹177-186 per share. The ₹105.17 crore IPO reached 5.69 times by 5:09:36 PM on day three. This indicates strong investor interest in this company engaged in manufacturing and trading of plastic and polymer-based products, focusing on producing high-quality plastic granules including PET preforms, plastic caps and closures that cater to various industrial applications, particularly in packaged drinking water, carbonated beverages, juices and dairy products.

Bai Kakaji Polymers IPO subscription reached strong 5.69 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (7.88x), Non-Institutional Investors (7.84x), and Individual Investors (3.53x). Total applications reached 7,161.
 

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Subscription Status of Bai Kakaji Polymers IPO:

Here are the subscription details for Bai Kakaji Polymers IPO as of Day 3 (December 26, 2025, 5:09:36 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 5.69 times, showing extraordinary improvement from day two's 1.46 times
• Non-institutional investors showing strong interest at 7.84 times, building dramatically from day two's 0.96 times, indicating strong HNI appetite
• Individual investors displaying strong confidence at 3.53 times, building substantially from day two's 0.27 times, indicating strong retail demand for this SME IPO
• Total applications reached 7,161, showing limited investor participation for this SME IPO
• Cumulative bid amount reached ₹398.60 crores, significantly exceeding the net offer size of ₹99.90 crores (excluding anchor and market maker portions) by approximately 4.0 times
• Anchor investors fully subscribed their allocation of ₹29.91 crores on December 22, 2025
• Market makers fully subscribed their allocation of ₹5.27 crores

Key Highlights - Day 2:

• Overall subscription reached moderate 1.46 times, showing modest improvement from day one's 1.39 times
• Qualified institutional buyers showing strong performance at 3.92 times, unchanged from day one's 3.92 times
• Non-institutional investors showing weak performance at 0.96 times, declining from day one's 1.02 times
• Individual investors displaying weak confidence at 0.27 times, building substantially from day one's 0.10 times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.39 times, showing healthy initial investor interest
• Qualified institutional buyers displaying strong performance at 3.92 times, indicating strong institutional interest
• Non-institutional investors showing moderate performance at 1.02 times, indicating measured HNI appetite
• Individual investors displaying weak confidence at 0.10 times, indicating very weak retail sentiment

About Bai Kakaji Polymers Limited

Bai Kakaji Polymers is an Indian company engaged in the manufacturing and trading of a wide range of plastic and polymer-based products. The company focuses on producing high-quality plastic granules including PET preforms, plastic caps and closures that cater to various industrial applications, particularly in packaged drinking water, carbonated beverages, juices and dairy products. The company has four manufacturing units in Latur, Maharashtra across 33,000 square meters.