100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Bai Kakaji Polymers Limited IPO Analysis

Bai Kakaji Polymers IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Pune and caters to Plastic And Polymer sector. Hem Securities is the merchant banker of Bai Kakaji Polymers IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th June 2025.

Bai Kakaji Polymers IPO posted revenues of ₹ 310.91 crores and PAT of ₹ 14.12 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 310.91 Cr.
            EBITDA: ₹ 29.68 Cr.
            PAT: ₹ 14.12 Cr.
  • EBITDA Margin: 9.55 %
            Pat Margin: 4.54 %
  • Net Worth: ₹ 45.97 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : SME Upcoming
Exchange : BSE SME
IPO Type : Book Building

Bai Kakaji IPO Financial Performance (Restated)

Financial results of Bai Kakaji Polymers IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-24 FY24 FY23 FY22
Balance Sheet
Assets 109.61 97.99 91.55 79.19
Net Worth 45.97 35.37 25.98 21.81
Total Debt 44.73 40.71 45.59 46.96
Profit & Loss
Revenue
Revenue on annualised basis
233.18
310.91
294.81 272.87 193.40
EBITDA
EBITDA on annualised basis
22.26
29.68
20.84 14.16 12.65
PAT
PAT on annualised basis
10.59
14.12
9.38 4.18 4.11
Financials
31-Dec-24
FY24
FY23
FY22
Balance Sheet
Assets
109.61
97.99
91.55
79.19

Net Worth
45.97
35.37
25.98
21.81

Total Debt
44.73
40.71
45.59
46.96

Profit & Loss
Revenue
Revenue on annualised basis
233.18
310.91
294.81
272.87
193.40

EBITDA
EBITDA on annualised basis
22.26
29.68
20.84
14.16
12.65

PAT
PAT on annualised basis
10.59
14.12
9.38
4.18
4.11

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Bai Kakaji IPO Key performance Indicators (KPI)

Bai Kakaji Polymers IPO PAT Margin is 4.54 % , ROCE (Return on Capital Employed) is 21.00 % as per latest financial. The below table shows Bai Kakaji Polymers IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-24 FY24 FY23 FY22
EBITDA Margin (%) 9.55 7.07 5.19 6.54
PAT Margin (%) 4.54 3.18 1.53 2.13
EPS (₹) 6.73 5.96 2.65 2.61
ROE (%) 23.04 26.52 16.09 18.84
ROCE (%) 21.00 20.19 12.95 12.70
ROA (%) 9.66 9.57 4.57 5.19
Debt to Equity 0.97 1.15 1.75 2.15
Particulars
31-Dec-24
FY24
FY23
FY22

EBITDA Margin (%)
9.55
7.07
5.19
6.54

PAT Margin (%)
4.54
3.18
1.53
2.13

EPS (₹)
6.73
5.96
2.65
2.61

ROE (%)
23.04
26.52
16.09
18.84

ROCE (%)
21.00
20.19
12.95
12.70

ROA (%)
9.66
9.57
4.57
5.19

Debt to Equity (x)  
0.97
1.15
1.75
2.15

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Bai Kakaji Polymers IPO Valuation Metrics

The market Capitalisation of Bai Kakaji Polymers IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
29.19

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Bai Kakaji prospectus?

The Bai Kakaji Polymers IPO prospectus highlights an Return on Equity (ROE) of 23.04 % , Return on Assets (ROA) of 9.66 %, and an EBITDA Margin of 9.55 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Bai Kakaji IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Bai Kakaji Polymers IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Bai Kakaji IPO ?

The post-IPO market capitalisation of Bai Kakaji Polymers IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Bai Kakaji IPO?

The Bai Kakaji Polymers IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Bai Kakaji Polymers IPO?

Bai Kakaji Polymers IPO reported revenue of ₹ 310.91 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Bai Kakaji Polymers IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Bai Kakaji Polymers IPO?

Bai Kakaji Polymers recorded an EBITDA of ₹ 29.68 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Bai Kakaji Polymers IPO?

Bai Kakaji Polymers Profit After Tax (PAT) is ₹ 14.12 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 310.91 Cr.
            EBITDA: ₹ 29.68 Cr.
            PAT: ₹ 14.12 Cr.
  • EBITDA Margin: 9.55 %
            Pat Margin: 4.54 %
  • Net Worth: ₹ 45.97 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Bai Kakaji Polymers operates in Plastic And Polymer and Manufacturing And Trading Of A Wide Range Of Plastic And Polymer-based Products. The Issue is listed on BSE SME in Jul, 2025. Bai Kakaji Polymers IPO size was with Issue price of .

Bai Kakaji Polymers IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Bai Kakaji Polymers IPO listed at a listing price of against the offer price of .

The current market price of Bai Kakaji Polymers is .

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