Submission of Monitoring Agency Reports pursuant to Regulation 32 of SEBI (LODR) Regulations,2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bai-Kakaji Polymers Limited submitted its initial and second monitoring agency reports from Brickwork Ratings covering Q4 FY26 (ending December 31, 2025) and the final report for quarter ending March 31, 2026. The company raised Rs. 105.17 crore through its IPO in December 2025, issuing 56,54,400 equity shares at Rs. 186 per share. By March 31, 2026, all IPO funds have been fully deployed: Rs. 64 crore used for debt repayment, Rs. 9.85 crore for plant machinery, Rs. 12.94 crore for solar power project, Rs. 7.14 crore for general corporate purposes (slightly above the Rs. 6.78 crore planned), and Rs. 11.24 crore for issue expenses. No deviations from the stated objects were found, and all projects were completed within the FY 2025-26 timeline.
Positive signal for investors as the IPO proceeds have been fully and appropriately utilized within the disclosed timeframe with no material deviations. The debt repayment of Rs. 64 crore should reduce interest costs and improve profitability, while capital expenditure on plant and solar project supports future growth.