Bai-Kakaji Polymers IPO 2025: Price Band, Dates, Financials, Strengths, Risks & Full Review
Bai-Kakaji Polymers IPO 2025
The Bai-Kakaji Polymers IPO is an upcoming SME IPO that has attracted attention from retail investors due to its steady financial growth and niche manufacturing presence. In this article, we provide a complete and detailed analysis of the Bai-Kakaji Polymers Limited IPO, including issue details, price band, dates, financial performance, strengths, risks, FAQs, and investment considerations.
About Bai-Kakaji Polymers Limited
Bai-Kakaji Polymers Limited is a manufacturing company engaged in the production of polyethylene terephthalate (PET) preforms, plastic caps, and closures. These products are primarily used in packaging applications for consumer goods.
The company operates a fully integrated manufacturing facility located in Latur, Maharashtra, covering approximately 23,000 square meters. All operations—from product design to manufacturing, testing, and packaging—are carried out in-house.
Key Company Details
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Incorporated: 2013
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Managing Director / CEO: Mr. Balkishan Pandurangji Mundada
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Parent Organization: Bai-Kakaji Polymers Ltd
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Industry: Plastic Packaging & PET Products
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Quality Certification: ISO 9001:2015
Bai-Kakaji Polymers IPO Details
| Particulars | Details |
|---|---|
| IPO Type | SME IPO |
| Issue Size | ₹105.17 Crore |
| Face Value | ₹10 per share |
| Price Band | ₹177 – ₹186 per share |
| Lot Size | 600 shares |
| Minimum Investment | ₹2,12,400 |
| Listing Exchange | BSE SME |
Bai-Kakaji Polymers IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | 23 December 2025 |
| IPO Closing Date | 26 December 2025 |
| Tentative Allotment Date | 29 December 2025 |
| Tentative Listing Date | 31 December 2025 |
Bai-Kakaji Polymers IPO Application Details
| Category | Details |
|---|---|
| Eligible Investor | Individual Investors |
| Application Range | ₹2 – ₹5 Lakh |
| Minimum Quantity | 600 shares |
| Minimum Order Value | ₹2,12,400 |
Bai-Kakaji Polymers Financial Performance
(All values in ₹ Crore)
Revenue Growth
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FY23: ₹77.3 Cr
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FY24: ₹79.6 Cr
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FY25: ₹81.7 Cr
Profit After Tax (PAT)
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FY23: ₹4.18 Cr
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FY24: ₹9.38 Cr
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FY25: ₹18.37 Cr
👉 The company has shown consistent revenue growth and a strong jump in profitability, indicating improved operational efficiency.
Strengths of Bai-Kakaji Polymers IPO
✔ Integrated Manufacturing Facility
The company operates end-to-end manufacturing under one roof, ensuring cost control and quality consistency.
✔ ISO 9001:2015 Certification
Certified quality management systems enhance customer trust and operational reliability.
✔ Strong Domestic Market Presence
India remains the primary market, supported by long-term customer relationships.
✔ Growing Customer Base
As of September 2025, the company served 822 customers, with 164 repeat buyers, indicating strong retention.
✔ Consistent Financial Growth
Revenue and PAT have increased steadily over the last three financial years.
Risks Associated with Bai-Kakaji Polymers IPO
⚠ SME IPO Volatility
SME IPOs typically face low liquidity and high price volatility after listing.
⚠ Raw Material Dependency
A large portion of revenue depends on raw materials, making the company sensitive to price fluctuations.
⚠ Customer Concentration Risk
Loss of major customers or reduced repeat orders could impact revenue.
⚠ High Working Capital Requirements
The company has significant receivables, which could affect liquidity.
⚠ Outstanding Borrowings & Liabilities
As of September 2025, the company had financial indebtedness, increasing financial risk.
⚠ Legal & Regulatory Risks
Any adverse outcome in ongoing legal proceedings may affect operations and financial health.
Top Bai-Kakaji Polymers IPO FAQs
What is the issue size of Bai-Kakaji Polymers IPO?
The total issue size is ₹105.17 Crore.
What is the price band of Bai-Kakaji Polymers IPO?
The price band is ₹177 to ₹186 per share.
When will the IPO open and close?
The IPO opens on 23 December 2025 and closes on 26 December 2025.
What is the minimum investment required?
The minimum investment is ₹2,12,400 for one lot of 600 shares.
When is the allotment date?
The tentative allotment date is 29 December 2025.
Where will the IPO be listed?
The shares are proposed to be listed on BSE SME.
Who is eligible to apply for this IPO?
Eligible investors can apply under the Individual Investor category.
Should You Invest in Bai-Kakaji Polymers IPO?
The Bai-Kakaji Polymers IPO offers exposure to a growing packaging and plastic manufacturing company with improving profitability and strong operational control. However, being an SME IPO, it carries higher risk and volatility.
👉 Long-term investors with higher risk appetite may consider this IPO after evaluating their financial goals.
Disclaimer
This article is for educational and informational purposes only. It does not constitute investment advice. IPO investments are subject to market risks. Investors should read the Red Herring Prospectus (RHP) carefully and consult with a financial advisor before making any investment decisions.
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