The much-anticipated share allocation for the Bai Kakaji Polymers initial public offering (IPO) is set to be finalized today, December 29, 2025. Investors who applied for the public issue can now check their allotment status to see if they have been allocated shares. The process marks a critical step before the company's stock listing on the Bombay Stock Exchange's SME platform.
How to Check Your IPO Allotment Status
Investors have two primary avenues to verify their Bai Kakaji Polymers IPO allotment. The first is through the official registrar for the issue, Maashitla Securities Private Limited. Applicants need to visit their website, select the Bai Kakaji IPO from the drop-down menu, and enter their PAN, demat account number, or application number.
The second method is via the Bombay Stock Exchange (BSE) website. On the BSE's allotment page, one must select 'Equity' as the issue type, choose 'Bai Kakaji Polymers' from the list, and input their PAN or application details. The status will be displayed on the screen after completing a captcha verification.
Strong Investor Response and Allocation Details
The ₹105.17 crore SME IPO received a robust reception from the market, being oversubscribed 5.17 times overall. The demand was particularly strong from qualified institutional buyers (QIBs) and non-institutional investors (NIIs). The QIB portion was booked 7.88 times, while the NII segment saw an oversubscription of 7.84 times. The retail investor (RII) category was subscribed 3.56 times.
Due to the high oversubscription in the retail segment, shares will be allocated to retail individual investors on a proportional basis. This means not all applicants will receive the full lot they bid for. Those who do not get any allotment will see their refunds initiated starting December 30, 2025. The shares allotted to successful bidders will be credited directly to their demat accounts on the same day the refund process begins.
Listing Timeline and Grey Market Premium
The tentative date for the listing of Bai Kakaji Polymers shares on the BSE SME platform is December 31, 2025. As of today, the unofficial grey market premium (GMP) for the IPO is ₹03 per share. This GMP suggests a modest premium listing. Considering the upper price band of ₹186, the estimated listing price stands at around ₹189, indicating a potential gain of 1.61% on the investment.
It is crucial for investors to remember that the GMP is an unofficial indicator from the grey market and can be volatile. It should not be the sole basis for any investment decision post-allotment.
About the Company and IPO Objectives
Bai Kakaji Polymers Limited is engaged in the manufacturing and trading of plastic and polymer products. Its core offerings include PET preforms, plastic caps, and closures, which are essential components for industries like packaged drinking water, carbonated beverages, juices, and dairy products.
The public issue was open for subscription from December 23 to December 26, 2025, with a price band fixed between ₹177 and ₹186 per equity share. The company plans to use the net proceeds from the IPO to meet its working capital requirements and for general corporate purposes, aiming to strengthen its operational capacity and market position.
