Comparison between Bai Kakaji Polymers IPO and Milan Ginning Pressing IPO.
Bai Kakaji Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Milan Ginning Pressing IPO is a SME Bookbuilding proposed to list at BSE SME.
| Bai Kakaji Polymers IPO | Milan Ginning Pressing 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. | PNB Investment Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| 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 Milan Ginning Pressing IPO is up to ₹0.00 Cr. The final issue price of Bai Kakaji Polymers IPO is ₹186.00 per share and of Milan Ginning Pressing IPO is .
| Bai Kakaji Polymers IPO | Milan Ginning Pressing 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 | 0 shares |
| Fresh Issue Size (Amount) | up to ₹99.90 Cr | up to ₹76.00 Cr |
| OFS Issue Size | 0 shares | 3,72,500 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 53,71,200 shares | 0 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 Milan Ginning Pressing IPO opens on . The closing date of Bai Kakaji Polymers IPO and Milan Ginning Pressing IPO is Dec 26, 2025, and , respectively.
| Bai Kakaji Polymers IPO | Milan Ginning Pressing 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 Milan Ginning Pressing IPO P/E ratio of .
| Bai Kakaji Polymers IPO | Milan Ginning Pressing IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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)
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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% | 34.15 % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.71% | 23.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.03 | 1.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.18% | 34.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bai Kakaji Polymers IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in Milan Ginning Pressing 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 Milan Ginning Pressing IPO.
| Bai Kakaji Polymers IPO | Milan Ginning Pressing 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 Milan Ginning Pressing IPO subscribed .
| Bai Kakaji Polymers IPO | Milan Ginning Pressing 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 |
