- IPO Opening & Closing Dates: Opens on December 23, 2025 and closes on December 26, 2025
- Face Value & Price Band: Equity shares of ₹10 face value offered in the price band of ₹177–₹186 per share
- Issue Size: A fresh issue of 56,54,400 equity shares, aggregating up to ₹105.17 crore at the upper price band
- Minimum Application Lot: Investors can apply with a minimum lot size of 600 shares
December 2025: Bai‑Kakaji Polymers Limited, a leading manufacturer 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 comprises a Fresh Issue of 56,54,400 equity shares, aggregating up 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.
Hem Securities Limited is acting as the Book Running Lead Manager, while Maashitla Securities Private Limited is 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 will be utilized for:
- Repayment and/or pre‑payment of borrowings
- Capital expenditure for installation of additional plant and machinery
- 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 closures used in packaged drinking water, carbonated beverages, juices, and dairy products.
The company operates four manufacturing facilities in Latur, spread across 33,000+ square meters, with an annual capacity of:
- ~20,000 MTs of PET preforms
- ~44,000 lakh units 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
