Comparison between Abril Paper Tech IPO and Bai Kakaji Polymers IPO.
Abril Paper Tech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Bai Kakaji Polymers IPO is a SME Bookbuilding proposed to list at BSE SME.
| Abril Paper Tech IPO | Bai Kakaji Polymers IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Interactive Financial Services Ltd. | Hem Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | B.N.Rathi Securities Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Abril Paper Tech IPO is up to ₹12.74 Cr whereas the issue size of the Bai Kakaji Polymers IPO is up to ₹99.90 Cr. The final issue price of Abril Paper Tech IPO is ₹61.00 per share and of Bai Kakaji Polymers IPO is ₹186.00 per share.
| Abril Paper Tech IPO | Bai Kakaji Polymers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹177.00 per share | |
| Issue Price (Upper) | ₹186.00 per share | |
| Issue Price (Final) | ₹61.00 per share | ₹186.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 600 shares |
| Fresh Issue Size | 20,88,000 shares | 53,71,200 shares |
| Fresh Issue Size (Amount) | up to ₹12.74 Cr | up to ₹99.90 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 20,88,000 shares | 53,71,200 shares |
| Issue Size Total (Amount) | up to ₹12.74 Cr | up to ₹99.90 Cr |
Abril Paper Tech IPO opens on Aug 29, 2025, while Bai Kakaji Polymers IPO opens on Dec 23, 2025. The closing date of Abril Paper Tech IPO and Bai Kakaji Polymers IPO is Sep 02, 2025, and Dec 26, 2025, respectively.
| Abril Paper Tech IPO | Bai Kakaji Polymers IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | |
| Issue Open | Aug 29, 2025 | Dec 23, 2025 |
| Issue Close | Sep 02, 2025 | Dec 26, 2025 |
| Basis Of Allotment (Tentative) | Sep 03, 2025 | Dec 29, 2025 |
| Initiation of Refunds (Tentative) | Sep 04, 2025 | Dec 30, 2025 |
| Credit of Share (Tentative) | Sep 04, 2025 | Dec 30, 2025 |
| Listing date (Tentative) | Sep 05, 2025 | Dec 31, 2025 |
| Anchor Lockin End date 1 | Jan 29, 2026 | |
| Anchor Lockin End date 2 | Mar 30, 2026 |
Abril Paper Tech IPO P/E ratio is 24.96, as compared to Bai Kakaji Polymers IPO P/E ratio of 15.95.
| Abril Paper Tech IPO | Bai Kakaji Polymers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Abril Paper Tech Ltd.'s revenue increased by 142% and profit after tax (PAT) rose by 52% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Bai Kakaji Polymers Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 96% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 85.2 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.71 | 73.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.96 | 15.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹48.69 Cr. | ₹398.12 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.03% | 41.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.38% | 25.71% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.10 | 2.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.44 | ₹11.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.43% | 34.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Abril Paper Tech IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Bai Kakaji Polymers IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Abril Paper Tech IPO and 10,75,200 shares in Bai Kakaji Polymers IPO.
| Abril Paper Tech IPO | Bai Kakaji Polymers IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 16,08,000 shares |
| Market Maker Reservation | 1,12,000 shares | 2,83,200 shares |
| QIB | 0 shares | 10,75,200 shares |
| NII | 10,44,000 shares | 8,06,400 shares |
| RII | 10,44,000 shares | 18,81,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 20,88,000 shares | 53,71,200 shares |
Abril Paper Tech IPO subscribed 11.20x in total, whereas Bai Kakaji Polymers IPO subscribed 5.71x.
| Abril Paper Tech IPO | Bai Kakaji Polymers IPO | |
|---|---|---|
| QIB (times) | 7.88x | |
| NII (times) | 5.51x | 7.84x |
| Big NII (times) | 9.27x | |
| Small NII (times) | 4.98x | |
| RII (times) | 16.79x | 3.56x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 11.20x | 5.71x |
