Comparison between Bai Kakaji Polymers IPO and JD Cables IPO.
Bai Kakaji Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while JD Cables IPO is a SME Bookbuilding proposed to list at BSE SME.
| Bai Kakaji Polymers IPO | JD Cables IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Bai Kakaji Polymers IPO is up to ₹99.90 Cr whereas the issue size of the JD Cables IPO is up to ₹91.19 Cr. The final issue price of Bai Kakaji Polymers IPO is ₹186.00 per share and of JD Cables IPO is ₹152.00 per share.
| Bai Kakaji Polymers IPO | JD Cables IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹177.00 per share | ₹144.00 per share |
| Issue Price (Upper) | ₹186.00 per share | ₹152.00 per share |
| Issue Price (Final) | ₹186.00 per share | ₹152.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 800 shares |
| Fresh Issue Size | 53,71,200 shares | 52,37,600 shares |
| Fresh Issue Size (Amount) | up to ₹99.90 Cr | up to ₹79.61 Cr |
| OFS Issue Size | 0 shares | 7,61,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹11.58 Cr |
| Issue Size Total | 53,71,200 shares | 59,99,200 shares |
| Issue Size Total (Amount) | up to ₹99.90 Cr | up to ₹91.19 Cr |
Bai Kakaji Polymers IPO opens on Dec 23, 2025, while JD Cables IPO opens on Sep 18, 2025. The closing date of Bai Kakaji Polymers IPO and JD Cables IPO is Dec 26, 2025, and Sep 22, 2025, respectively.
| Bai Kakaji Polymers IPO | JD Cables IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | Sep 17, 2025 |
| Issue Open | Dec 23, 2025 | Sep 18, 2025 |
| Issue Close | Dec 26, 2025 | Sep 22, 2025 |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | Sep 23, 2025 |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | Sep 24, 2025 |
| Credit of Share (Tentative) | Dec 30, 2025 | Sep 24, 2025 |
| Listing date (Tentative) | Dec 31, 2025 | Sep 25, 2025 |
| Anchor Lockin End date 1 | Jan 29, 2026 | Oct 22, 2025 |
| Anchor Lockin End date 2 | Mar 30, 2026 | Dec 22, 2025 |
Bai Kakaji Polymers IPO P/E ratio is 15.95, as compared to JD Cables IPO P/E ratio of 11.66.
| Bai Kakaji Polymers IPO | JD Cables IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated)JD Cables Ltd.'s revenue increased by 149% and profit after tax (PAT) rose by 384% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 97.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.55 | 70.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.95 | 11.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹398.12 Cr. | ₹342.78 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 41.23% | 117.17% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.71% | 43.64% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.03 | 1.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.66 | ₹13.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.18% | 73.89% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bai Kakaji Polymers IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in JD Cables IPO retail investors are offered 18,81,600 shares. Qualified Institutional Buyers (QIB) are offered 10,75,200 shares in Bai Kakaji Polymers IPO and 11,95,200 shares in JD Cables IPO.
| Bai Kakaji Polymers IPO | JD Cables IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,08,000 shares | 17,80,000 shares |
| Market Maker Reservation | 2,83,200 shares | 3,16,000 shares |
| QIB | 10,75,200 shares | 11,95,200 shares |
| NII | 8,06,400 shares | 9,12,000 shares |
| RII | 18,81,600 shares | 21,12,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 53,71,200 shares | 59,99,200 shares |
Bai Kakaji Polymers IPO subscribed 5.71x in total, whereas JD Cables IPO subscribed 127.78x.
| Bai Kakaji Polymers IPO | JD Cables IPO | |
|---|---|---|
| QIB (times) | 7.88x | 125.44x |
| NII (times) | 7.84x | 179.28x |
| Big NII (times) | 9.27x | 214.18x |
| Small NII (times) | 4.98x | 109.65x |
| RII (times) | 3.56x | 106.89x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.71x | 127.78x |
