• IPO opens on December 23, 2025; closes on December 26, 2025
• Face value: ₹10 per equity share | Price Band: ₹177 to ₹186 per share
• Issue size: 56,54,400 equity shares aggregating up to ₹105.17 crore (at upper price band)
• Minimum application lot: 600 shares
IPO Details
Bai-Kakaji Polymers Limited, engaged in the manufacturing of PET preforms and specialized closures, has announced the launch of its Initial Public Offering (IPO) on the SME platform of BSE. The IPO will open on December 23, 2025 and close on December 26, 2025, with a price band of ₹177 to ₹186 per equity share of face value ₹10 each.
The public issue consists entirely of a fresh issue of 56,54,400 equity shares aggregating to ₹105.17 crore at the upper price band. The issue is being made through the 100% book building process and does not include any Offer for Sale.
The issue is being managed by Hem Securities Limited as the Book Running Lead Manager, and Maashitla Securities Private Limited as the Registrar to the Issue. The equity shares are proposed to be listed on the SME platform of BSE.
Allocation Structure
• Qualified Institutional Buyers (QIB): 26,83,200 equity shares
• Non-Institutional Investors (NII): 8,06,400 equity shares
• Retail Individual Investors (RII): 18,81,600 equity shares
• Market Maker (MM): 2,83,200 equity shares
Utilization of Proceeds
The net proceeds of the Issue are proposed to be utilized for the following purposes:
• Repayment and/or pre-payment, in full or in part, of borrowings availed by the Company
• Funding capital expenditure for the installation of additional plant and machinery
• Funding capital expenditure for setting up a solar power project
• General corporate purposes
Company Overview
Incorporated in 2013 and headquartered in Latur, Maharashtra, Bai-Kakaji Polymers Limited manufactures PET preforms and specialized closures used in packaged drinking water, carbonated beverages, juices, and dairy products. The company operates four manufacturing facilities in Latur, Maharashtra, spread across over 33,000 square meters with ~20,000 MTs Annual capacity of PET Preforms and ~44,000 Lacs Units annual capacity of Closures
Financial Highlights
H1 FY26 (Not Annualized):
Revenue ₹162.11 crore | EBITDA ₹24.35 crore | PAT ₹12.81 crore
FY25:
Revenue ₹326.00 crore | EBITDA ₹33.51 crore | PAT ₹18.37 crore
Forward-Looking Statement
Certain statements in this release may be forward-looking in nature and involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Bai-Kakaji Polymers Limited does not undertake to update these statements publicly.
Disclaimer: This press release is for informational purposes only and does not constitute financial advice.
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