Bai Kakaji Polymers IPO Opens at Rs 105 Cr: What Retail Investors Need to Know

Retail investors, a new opportunity has arrived: Bai Kakaji Polymers is starting its initial public offering.

What the IPO Offers

The company will raise about ₹105 crore by selling fresh shares on the BSE SME platform. The price band is set between ₹177 and ₹186 per share, with each share having a face value of ₹10.

Lot Sizes and Minimum Investment

• Lot size: 600 shares.
• Retail investors need to buy at least 2 lots (1,200 shares), which costs roughly ₹2.23 crore at the top price.
• High‑net‑worth investors must buy at least 3 lots (1,800 shares), about ₹3.35 crore.

Company Business

Bai Kakaji Polymers makes plastic items such as PET preforms, caps, and closures used in bottled water, soft drinks, juices and dairy products. It runs four plants in Latur, Maharashtra, covering about 33,000 sq m and uses modern equipment from SACMI, ASB and HUSKY.

Recent Financial Performance

• Revenue grew ~12% from FY 24 to FY 25, reaching ₹332.12 crore.
• Profit after tax jumped almost 96% to ₹18.37 crore in FY 25.

How the IPO Money Will Be Used

• ≈₹64 crore to repay or pre‑pay existing loans, lowering interest costs.
• Remaining funds for capital spending – new machinery, a solar power project, and general corporate needs.

Key Dates

• Subscription period ends: Friday, 26 December.
• Allotment expected: 29 December.
• Shares to be credited: 30 December.
• Tentative listing on BSE SME: 31 December.

Grey Market Sentiment

The unofficial market shows a 0% premium, meaning traders are not expecting an immediate price jump at listing.

Disclaimer

Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.