Bai Kakaji Polymers Debuts Strong on BSE SME, Shares Jump 2% at Listing

• Bai Kakaji Polymers listed on BSE SME at a 2% premium, opening at 190 rupees on December 31.
• The 105.17 crore rupee IPO was subscribed 5.71 times, with strong interest across all investor categories.
• The company manufactures plastic and polymer products like PET preforms and caps for various industries.
• IPO funds will be used for debt repayment, new machinery, a solar project, and general corporate purposes.
• Revenue surged 12% to 332.12 crore rupees in FY25, with net profit soaring 96% to 18.37 crore rupees.

Why It Matters: Bai Kakaji Polymers made a strong market debut, reflecting investor confidence in its growth and financials.