Bai Kakaji Polymers IPO: GMP Price Analysis, And Details

Bai Kakaji Polymers IPO- Company Analysis

Bai Kakaji Polymers IPO under the SME IPO category is a bookbuild issue of Rs. 105.17 Cr by Bai Kakaji Polymers Limited and is involved in producing and selling a variety of products made of plastic and polymers. The company specializes in manufacturing premium plastic granules, such as PET preforms, plastic caps, and closures that serve a variety of industrial uses, especially in packaged drinking water, carbonated drinks, juices, and dairy goods.

The company operates four 33,000 square meter production facilities in Latur, Maharashtra. It makes use of contemporary production processes and equipment, such as SST Secure Seal Tester (analogue & tester), Bridge strength tester, Vernier Calliper, SACMI Continuous Compression Molding, ASB Preform Molding and HUSKY Pet Injection Molding machines.

Bai Kakaji Polymers IPO Details

The Bai Kakaji Polymers IPO date of opening is 23 Dec 2025, its initial public offering will end on 26 Dec, IPO allotment on Dec 29 and refund initiation on Dec 30, 2025.

The Rs. 105.17 crore new SME IPO comprises a wholly fresh issue of 0.57 crore shares.

The Bai Kakaji Polymers IPO listing date (expected) might be on Wednesday, Dec 31, 2025, and listing at the BSE and SME. 

The Bai Kakaji Polymers IPO price band is Rs. 177 to Rs. 186.

IPO Timetable (Tentative)

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Cash Flows

(Amount in lac)

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment and/or pre-payment, in full or part, of borrowing availed by the Company. ~ Rs. 64 Cr.

• Funding capital expenditure for the installation of additional plant & machinery. ~ Rs. 9.85 Cr.

• Funding capital expenditure for setting up a solar power project. ~ Rs. 12.94 Cr.

• General Corporate Purposes.
  
  

Listed Peers of Bai Kakaji Polymers Ltd. 

Valuation

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 11.66 from the last year, the resulting P/E ratio is 15.95x.

Explore the Luxury Time IPO.

IPO's Strengths

• Internal production facilities.

• Broad presence in the home market.

• Promoters and a management team with experience.

• Consistent and steady financial results.

• Long-standing relationship with clients.

IPO’s Weaknesses 

• Raw material price increases and fluctuations could hurt its business.

• Due to sales of packaged mineral water and soft drinks during the summer and winter, the firm is susceptible to seasonal fluctuations.

• Geographical concentration risks.

Bai Kakaji Polymers IPO GMP (Grey Market Premium)

Bai Kakaji Polymers IPO GMP today is Rs. 3 as of 02 Jan 2026 while writing this information.

Bai Kakaji Polymers IPO Summary

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (1200 Shares) for Rs. 2,23,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (1800 Shares) for Rs. 3,34,800.

Bai Kakaji Polymers IPO Allotment Status

To check the Bai Kakaji Polymers IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - "‹BSE IPO allotment status

Promoters And Management of Bai Kakaji Polymers Ltd.

• Balkishan Pandurangji Mundada

• Harikishan Pandurangji Mundada

• Akash Balkishan Mundada

• Akshay Balkishan Mundada 

• Kiran Balkishan Mundada 

IPO Lead Managers

• Hem Securities Ltd.
  
  

Dividend Policy

The company has not paid a dividend during the last three financial years.

Conclusion

With robust revenue growth and high return ratios including ROE and ROCE, Bai Kakaji Polymers IPO provides exposure to the rapidly expanding plastic packaging and polymer manufacturing sector. Modern manufacturing facilities, enduring client relationships, and steady financial performance all support the IPO pricing, which seems acceptable when compared to listed counterparts. However, before investing investors should take into account geographic concentration, seasonal demand risks and raw material price volatility.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.