Bai Kakaji Polymers Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 1200 | 223200 | 1568 |
| sHNI | 3 | 1800 | 334800 | 149 |
| bHNI | 9 | 5400 | 1004400 | 299 |
Bai Kakaji Polymers Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1608000 | 28.44% |
| QIB | 1075200 | 19.02% |
| HNI | 806400 | 14.26% |
| INDIVIDUAL | 1881600 | 33.28% |
| Market Maker | 283200 | 5.01% |
| Total | 5654400 | 100% |
Bai Kakaji Polymers About
IPO Details
| Total Issue Size | 56,54,400 shares (agg. up to 105.17 Cr) |
| Fresh Issue Size | 56,54,400 shares (agg. up to 105.17 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,57,50,000 shares |
| Share Holding Post Issue | 2,14,04,400 shares |
| Reserved for Market Maker | 2,83,200 shares (agg. up to 5.27 Cr) |
| Market Maker | Hem Finlease Pvt.Ltd. |
Key Performance Indicators
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE | 21.30% | 41.23% | 30.59% | 17.48% |
| ROCE | 12.83% | 25.71% | 20.19% | 12.95% |
| EPS (BASIC) | 8.13 | 11.66 | 5.96 | 2.65 |
| P/E Pre IPO | 15.95 | |||
| P/E Post IPO | 15.54 |
Financial Details In Crores
| Period Ended | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 195.45 | 203.69 | 98.00 | 91.55 |
| Total Income | 168.56 | 332.12 | 296.42 | 275.09 |
| Profit After Tax | 12.81 | 18.37 | 9.38 | 4.18 |
| EBITDA | 24.35 | 33.51 | 20.75 | 14.17 |
| NET Worth | 66.55 | 53.74 | 35.37 | 25.99 |
| Reserves and Surplus | 50.80 | 51.49 | 33.12 | 23.74 |
| Total Borrowing | 107.25 | 109.27 | 40.71 | 45.59 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Bai-Kakaji Polymers Limited | 15.95 | 10.00 | |
| Cool Caps Industries Ltd. | 7.37 | 76.4 | 10.00 |
| Technopack Polymers Ltd. | 6.5 | 17.69 | 10.00 |
Peer Comparison (Financial Performance)
| Company | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|
| Bai-Kakaji Polymers Limited | 34.18 | 11.66 |
| Cool Caps Industries Ltd. | 21.84 | 10.36 |
| Technopack Polymers Ltd. | 8.61 | 2.72 |
Company Overview
Bai Kakaji Polymers is engaged in the manufacturing and trading of plastic and polymer-based products, primarily PET preforms, plastic caps, and closures.
Products cater mainly to packaged drinking water, carbonated beverages, juices, and dairy industries.
Operates four manufacturing units in Latur, Maharashtra, spread across ~33,000 sq. meters.
Uses advanced machinery such as SACMI Continuous Compression Molding, ASB Preform Molding, HUSKY PET Injection Molding, and in-house testing equipment to ensure quality and consistency.
IPO proceeds will be utilised for debt repayment (₹60.00 cr), installation of additional plant & machinery (₹9.80 cr), setting up a solar power project (₹12.94 cr), and general corporate purposes.
Strength
Strong in-house manufacturing capabilities – Modern facilities enable quality control and cost efficiency.
Wide domestic market presence – Serves customers across multiple regions and beverage segments.
Experienced promoters and management – Industry expertise supports operational stability and expansion.
Weakness
High dependence on PET preforms – Any decline in demand for the key product can materially impact revenue and profitability.
Geographical concentration – Major turnover comes from specific regions, increasing exposure to regional disruptions.
Supplier concentration risk – Dependence on a few suppliers in limited locations exposes the company to raw material price volatility and supply disruptions.
Bai Kakaji Polymers Lead Manager(s)
Bai Kakaji Polymers Address
Address
Plot No. M3 & M4 MIDC, Latur, Maharashtra, 413531 Phone: +91 9028254663 Email: cs@baikakaji.com Website: https://baikakajipolymers.com/
Bai Kakaji Polymers Registrar
Bai Kakaji Polymers Reviewers
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