Comparison between Bai Kakaji Polymers IPO and FCML Distributors IPO.
Bai Kakaji Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while FCML Distributors IPO is a SME Bookbuilding proposed to list at BSE SME.
The total issue size of Bai Kakaji Polymers IPO is up to ₹99.90 Cr whereas the issue size of the FCML Distributors IPO is up to ₹0.00 Cr. The final issue price of Bai Kakaji Polymers IPO is ₹186.00 per share and of FCML Distributors IPO is .
| Bai Kakaji Polymers IPO | FCML Distributors 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) | ₹186.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | |
| Fresh Issue Size | 53,71,200 shares | 45,96,000 shares |
| Fresh Issue Size (Amount) | up to ₹99.90 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 11,46,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 53,71,200 shares | 57,42,000 shares |
| Issue Size Total (Amount) | up to ₹99.90 Cr | up to ₹0.00 Cr |
Bai Kakaji Polymers IPO opens on Dec 23, 2025, while FCML Distributors IPO opens on . The closing date of Bai Kakaji Polymers IPO and FCML Distributors IPO is Dec 26, 2025, and , respectively.
| Bai Kakaji Polymers IPO | FCML Distributors IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | |
| Issue Open | Dec 23, 2025 | |
| Issue Close | Dec 26, 2025 | |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | |
| Credit of Share (Tentative) | Dec 30, 2025 | |
| Listing date (Tentative) | Dec 31, 2025 | |
| Anchor Lockin End date 1 | Jan 29, 2026 | |
| Anchor Lockin End date 2 | Mar 30, 2026 |
Bai Kakaji Polymers IPO P/E ratio is 15.95, as compared to FCML Distributors IPO P/E ratio of .
| Bai Kakaji Polymers IPO | FCML Distributors 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 Consolidated)FCML Distributors Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 17% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹398.12 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 41.23% | 34.29% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.71% | 37.93% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.03 | 0.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.18% | 29.27% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bai Kakaji Polymers IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in FCML Distributors 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 0 shares in FCML Distributors IPO.
| Bai Kakaji Polymers IPO | FCML Distributors IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,08,000 shares | 0 shares |
| Market Maker Reservation | 2,83,200 shares | 0 shares |
| QIB | 10,75,200 shares | 0 shares |
| NII | 8,06,400 shares | 0 shares |
| RII | 18,81,600 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 53,71,200 shares | 0 shares |
Bai Kakaji Polymers IPO subscribed 5.71x in total, whereas FCML Distributors IPO subscribed .
| Bai Kakaji Polymers IPO | FCML Distributors IPO | |
|---|---|---|
| QIB (times) | 7.88x | |
| NII (times) | 7.84x | |
| Big NII (times) | 9.27x | |
| Small NII (times) | 4.98x | |
| RII (times) | 3.56x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.71x |
