Bai Kakaji Polymers IPO Opens Dec 23: Rs 1.05 Billion Issue Priced at Rs 177-186

• Bai Kakaji Polymers, a PET preform closures manufacturer, will launch its Rs 1.0517 billion IPO on December 23, closing December 26.
• The IPO comprises a fresh issue of 5.654 million equity shares with a price band of Rs 177-186 per share.
• Funds will be used for partial debt repayment (Rs 640 million), new machinery (Rs 98 million), a solar project (Rs 129 million), and general corporate purposes.
• The Maharashtra-based company operates four units in Latur, manufacturing packaging parts for various consumer products.
• Bai Kakaji Polymers reported strong financials: H1 FY25-26 profit of Rs 128.1 million on Rs 1.621 billion revenue, and FY25 profit nearly doubled to Rs 184 million.

Why It Matters: Bai Kakaji Polymers' Rs 1.05 billion IPO opens Dec 23, aiming to fund growth and debt reduction.