Bai-Kakaji Polymers Limited, engaged in the manufacturing of PET preforms and specialized closures, has announced the launch of its Initial Public Offering (IPO) on the SME platform of BSE. The IPO will open on December 23, 2025 and closes today with a Price Band of ₹177 to ₹186 per Equity Share of Face Value ₹10 each.

The public issue consists entirely of a Fresh Issue of 56,54,400 Equity Shares aggregating to ₹105.17 crore at the Upper Price Band. The Issue is being made through the 100% book building process and does not include any Offer for Sale.

The issue is being managed by Hem Securities Limited as the Book Running Lead Manager and Maashitla Securities Private Limited as the Registrar to the Issue. The Equity Shares are proposed to be listed on the SME platform of BSE.

Also Read: Zepto to File Confidential IPO Draft Today, Eyes 2026 Listing

Allocation Structure

• Qualified Institutional Buyers (QIB): 26,83,200 Equity Shares

• Non-Institutional Investors (NII): 8,06,400 Equity Shares

• Retail Individual Investors (RII): 18,81,600 Equity Shares

• Market Maker (MM): 2,83,200 Equity Shares

Utilization of Proceeds

The net proceeds of the Issue are proposed to be utilized for the following purposes:

• Repayment and/or pre-payment, in full or in part, of borrowings availed by the Company

• Funding capital expenditure for the installation of additional plant and machinery

• Funding capital expenditure for setting up a solar power project

• General corporate purposes