BaiKakaji Polymers IPO
BaiKakaji Polymers IPO Details
-
Open Date
23 Dec 2025
-
Close Date
26 Dec 2025
-
Listing Date
31 Dec 2025
- IPO Price Range
₹ 177 to ₹186
- IPO Size
₹ 105.17 Cr
- Listing Exchange
BSE SME
BaiKakaji Polymers IPO Timeline
BaiKakaji Polymers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Dec-2025 | 3.92 | 1.02 | 0.10 | 1.39 |
Last Updated: 23 December 2025 5:57 PM by 5paisa
Bai-Kakaji Polymers Limited, founded in 2013 and based in Latur, Maharashtra, is a leading Indian manufacturer of PET preforms, bottle caps, and plastic closures for the beverage and packaging industries. The company produces Alaska (water bottle) closures, CSD 1881 caps, HDPE short-neck caps, and a wide range of PET preforms using advanced SACMI, HUSKY, and ASB machinery, ensuring high clarity, durability, and low rejection rates. With rigorous quality control and laboratory facilities, Bai-Kakaji serves pan-India customers with precision-engineered packaging components.
Established in: 2013
Managing Director: Balkishan Pandurangji Mundada
BaiKakaji Polymers Objectives
1. Repayment and/or pre-payment, in full or part, of borrowing availed by the company (₹64 Cr)
2. Funding capital expenditure for the installation of additional plant & machinery (₹9.85 Cr)
3. Funding capital expenditure for setting up a solar power project (₹12.94 Cr)
4. General Corporate Purpose
Bai Kakaji Polymers IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹105.17 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹105.17 Cr |
Bai Kakaji Polymers IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 2,12,400 |
| Retail (Max) | 2 | 1,200 | 2,23,200 |
| S-HNI (Min) | 3 | 1,800 | 3,18,600 |
| S-HNI (MAX) | 8 | 4,800 | 8,92,800 |
| B-HNI (Min) | 9 | 5,400 | 10,04,400 |
Bai Kakaji Polymers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 3.92 | 10,44,000 | 42,15,000 | 78.399 |
| Non-Institutional Buyers | 1.02 | 7,86,000 | 8,25,600 | 15.356 |
| bNII (bids above ₹10L) | 1.49 | 5,24,000 | 8,03,400 | 14.943 |
| sNII (bids below ₹10L) | 0.08 | 2,62,000 | 22,200 | 0.413 |
| Individual Investors (IND category bidding for 2 Lots) | 0.10 | 18,28,000 | 1,78,800 | 3.326 |
| Total** | 1.39 | 36,58,000 | 52,19,400 | 97.081 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 272.88 | 294.81 | 325.93 |
| EBITDA | 14.17 | 20.75 | 33.51 |
| PAT | 4.18 | 9.38 | 18.37 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 91.55 | 98.0 | 203.69 |
| Share Capital | 2.25 | 2.25 | 2.25 |
| Total Liabilities | 91.55 | 98.0 | 203.69 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 12.98 | 21.39 | 11.73 |
| Net Cash Generated From / (used in) Investing Activities | -8.22 | -13.09 | -75.48 |
| Net Cash Generated From / (used in) Financing Activities | -4.70 | -8.42 | 64.20 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.05 | -0.12 | 0.45 |
Strengths
1. Established manufacturer of PET preforms and plastic closures
2. Modern manufacturing setup with advanced injection moulding machinery
3. Diverse product portfolio catering to water, CSD, and packaging segments
4. Consistent focus on quality control and process efficiency
Weaknesses
1. Revenue dependence on a limited set of product categories
2. Exposure to volatility in raw material (PET resin) prices
3. Operations concentrated at a single manufacturing location
4. Limited bargaining power against large institutional customers
Opportunities
1. Rising demand for packaged beverages and bottled water in India
2. Scope to expand capacity and product variants
3. Potential entry into new geographies and customer segments
4. Growing preference for reliable, high-quality packaging suppliers
Threats
1. Intense competition from organised and regional players
2. Regulatory scrutiny on plastic usage and sustainability norms
3. Margin pressure from fluctuating input costs
4. Customer concentration risk impacting order stability
1. Established presence in PET preforms and plastic closures manufacturing
2. Beneficiary of rising demand from packaged beverage and FMCG segments
3. Modern production facilities with focus on quality and efficiency
4. Scope for capacity expansion and business scale-up through fresh capital
Bai Kakaji Polymers operates in the expanding PET preforms and plastic closures market, supplying essential packaging components to water, beverage, and consumer goods industries in India, aligning with rising packaged products demand. Its SME IPO on the BSE SME platform positions the company to strengthen finances, invest in capacity expansion, and improve operational efficiency. With consistent production growth and plans for modern machinery and sustainability initiatives, Bai Kakaji is well-placed to capitalise on domestic packaging industry growth and broader market opportunities.
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FAQs
Bai Kakaji Polymers IPO opens from December 23, 2025 to December 26, 2025.
The size of Bai Kakaji Polymers IPO is ₹105.17 Cr.
The price band of Bai Kakaji Polymers IPO is fixed at ₹177 to ₹186 per share.
To apply for Bai Kakaji Polymers IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Bai Kakaji Polymers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Bai Kakaji Polymers IPO is of 1,200 shares and the investment required is ₹2,23,200.
The share allotment date of Bai Kakaji Polymers IPO is December 29, 2025
The Bai Kakaji Polymers IPO will likely be listed on December 31, 2025.
Hem Securities Limited is the book running lead manager for Bai Kakaji Polymers IPO.
Bai Kakaji Polymers IPO plans to utilise the raised capital from the IPO for:
Repayment and/or pre-payment, in full or part, of borrowing availed by the company (₹64 Cr)
Funding capital expenditure for the installation of additional plant & machinery (₹9.85 Cr)
Funding capital expenditure for setting up a solar power project (₹12.94 Cr)
General Corporate Purpose