31 Mar 2023
Assets91.55
Total Income275.09
EBITDA14.17
Profit After Tax4.18
NET Worth25.99
Reserves and Surplus23.74
Total Borrowing45.59
At a glance
Updated 2026-08-24The shares listed at ₹190.00, a 2.15% move from the issue price. Bai Kakaji Polymers is a SME IPO with an issue size of ₹105.17 crore, proposed for listing on BSE SME. The offer opens on 23rd Dec 2025 and closes on 26th Dec 2025. The issue structure includes a fresh issue of ₹99.90 crore. The current listing schedule points to 31st Dec 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹105.17 Cr
Fresh issue₹99.90 Cr
Face value₹10
Price band₹177.00–₹186.00
Allotment29th Dec 2025
Listing31st Dec 2025
Listing performance
Full performance ↗Issue price₹186.00
Listing price₹190.00
Current price—
Listing gain2.15%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹3.00
GMP / upper price1.61%
Est. listing₹189.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Dec 2025
Closes26th Dec 2025
Allotment29th Dec 2025
Refund30th Dec 2025
Demat30th Dec 2025
Listing31st Dec 2025
Subscription demand
Full bidding ↗Total5.71×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹223,200 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment and/or pre-payment, in full or part, of borrowing availed by Company | ₹64.00 Cr |
| Funding capital expenditure for the installation of additional plant & machinery | ₹9.85 Cr |
| Funding capital expenditure for setting up a solar power project | ₹12.94 Cr |
| General Corporate Purposes | ₹6.78 Cr |
| Issue Expenses | ₹11.60 Cr |
| Total | ₹105.17 Cr |
Financials
Full financials ↗31 Mar 2024
Assets98.00
Total Income296.42
EBITDA20.75
Profit After Tax9.38
NET Worth35.37
Reserves and Surplus33.12
Total Borrowing40.71
31 Mar 2025
Assets203.69
Total Income332.12
EBITDA33.51
Profit After Tax18.37
NET Worth53.74
Reserves and Surplus51.49
Total Borrowing109.27
30 Sep 2025
Assets195.45
Total Income168.56
EBITDA24.35
Profit After Tax12.81
NET Worth66.55
Reserves and Surplus50.80
Total Borrowing107.25
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 41.23% |
| ROCE | 25.71% |
| Debt / Equity | 2.03% |
| RoNW | 34.18% |
| PAT Margin | 5.64% |
| EBITDA Margin | 10.28% |
| Price to Book Value | 5.45 |
Valuation & shareholding
Pre-IPO EPS11.66
Post-IPO EPS11.97
Pre-IPO P/E15.95
Post-IPO P/E15.54
Promoter holding pre100%
Promoter holding post73.55%
Market cap₹398.12 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Repayment and/or pre-payment, in full or part, of borrowing availed by Company | ₹64.00 Cr |
| Funding capital expenditure for the installation of additional plant & machinery | ₹9.85 Cr |
| Funding capital expenditure for setting up a solar power project | ₹12.94 Cr |
| General Corporate Purposes | ₹6.78 Cr |
| Issue Expenses | ₹11.60 Cr |
| Total | ₹105.17 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.