| The initial public offer (IPO) of Bai-Kakaji Polymers received bids for 2,17,71,000 shares as against 40,46,400 shares on offer. The issue was subscribed 5.38 times.
Qualified Institutional Buyers (QIBs) bid for 84,71,400 shares, Non-Institutional Investors (NIIs) for 66,03,600 shares, Retail Individual Investors (RIIs) placed bids for 66,96,000 shares.
The issue opened for bidding on 23 December 2025 and it closed on 26 December 2025. The price band of the IPO was fixed between Rs 177 to Rs 186 per share. The equity shares will list on BSE’s SME platform.
The IPO comprised fresh issue of 56,54,400 equity shares. The promoter and promoter shareholding diluted to 73.55% from 100% Pre-IPO.
The company intends to utilize the net proceeds for repayment & pre-payment, in full or part, of borrowing availed by company, funding capital expenditure for the installation of additional plant & machinery, funding capital expenditure for setting up a solar power project and for general corporate purposes.
Ahead of the IPO, Bai-Kakaji Polymers on Monday, 22 December 2025, raised Rs 29.90 crore from anchor investors. The board allotted 16.08 lakh shares at Rs 186 per share to 14 anchor investor.
Bai-Kakaji Polymers is an Indian company engaged in the manufacturing and trading of a wide range of plastic and polymer-based products. The company focuses on producing high-quality plastic granules, including PET preforms, plastic caps, and closures, catering to various industrial applications. Its products are primarily used in packaged drinking water, carbonated beverages, juices, and dairy products.
The company operates four manufacturing units in Latur, Maharashtra, spread across a total area of 33,000 square meters. Bai Kakaji Polymers employs modern manufacturing technologies and advanced machinery such as SACMI Continuous Compression Molding systems, ASB Preform Molding machines, HUSKY PET Injection Molding machines, as well as quality testing equipment including SST Secure Seal Testers (analogue and digital), bridge strength testers, and vernier calipers, ensuring high product quality and consistency. As of 30 September 2025, the company had 359 full-time employees across various levels of the organization.
The company recorded revenue from operations of Rs 162.11 crore and a net profit of Rs 12.81 crore for the period ended 30 September 2025.
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