ListedSMEPlastic ProductsBAIKAKAJI

Bai Kakaji Polymers IPO

Bai Kakaji Polymers IPO is an SME IPO raising ₹105 Cr at ₹177 – ₹186 a share. It listed on 31 Dec 2025 at ₹190, +2.2% against its issue price of ₹186, and trades at ₹302 today (+62.4% since issue). It was subscribed 4.01× in total.

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₹186

Issue price

₹302

Price now

+62.4%

Since issue price

31 Dec 2025

Listed on

4.01×Subscribed (final) · all exchanges

4.0 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹177 – ₹186

Cut-off price₹186

Issue size₹105 Cr

Shares per lot600

Minimum application₹1,11,600

Minimum quantity1200

Face value₹10

Listing exchangesBSE

ISININE1IJQ01026

Bidding hours10:00 – 17:00 IST

Bidding window23 Dec 2025 – 26 Dec 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.