Comparison between Bai Kakaji Polymers IPO and Prodocs Solutions IPO.
Bai Kakaji Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Prodocs Solutions IPO is a SME Bookbuilding proposed to list at BSE SME.
| Bai Kakaji Polymers IPO | Prodocs Solutions 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. | Cumulative Capital Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Fortune Fiscal Limited |
| 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 Prodocs Solutions IPO is up to ₹26.22 Cr. The final issue price of Bai Kakaji Polymers IPO is ₹186.00 per share and of Prodocs Solutions IPO is ₹138.00 per share.
| Bai Kakaji Polymers IPO | Prodocs Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹177.00 per share | ₹131.00 per share |
| Issue Price (Upper) | ₹186.00 per share | ₹138.00 per share |
| Issue Price (Final) | ₹186.00 per share | ₹138.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1000 shares |
| Fresh Issue Size | 53,71,200 shares | 15,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹99.90 Cr | up to ₹20.70 Cr |
| OFS Issue Size | 0 shares | 4,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹5.52 Cr |
| Issue Size Total | 53,71,200 shares | 19,00,000 shares |
| Issue Size Total (Amount) | up to ₹99.90 Cr | up to ₹26.22 Cr |
Bai Kakaji Polymers IPO opens on Dec 23, 2025, while Prodocs Solutions IPO opens on Dec 08, 2025. The closing date of Bai Kakaji Polymers IPO and Prodocs Solutions IPO is Dec 26, 2025, and Dec 10, 2025, respectively.
| Bai Kakaji Polymers IPO | Prodocs Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | Dec 05, 2025 |
| Issue Open | Dec 23, 2025 | Dec 08, 2025 |
| Issue Close | Dec 26, 2025 | Dec 10, 2025 |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | Dec 11, 2025 |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | Dec 12, 2025 |
| Credit of Share (Tentative) | Dec 30, 2025 | Dec 12, 2025 |
| Listing date (Tentative) | Dec 31, 2025 | Dec 15, 2025 |
| Anchor Lockin End date 1 | Jan 29, 2026 | Jan 09, 2026 |
| Anchor Lockin End date 2 | Mar 30, 2026 | Mar 10, 2026 |
Bai Kakaji Polymers IPO P/E ratio is 15.95, as compared to Prodocs Solutions IPO P/E ratio of 14.72.
| Bai Kakaji Polymers IPO | Prodocs Solutions 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 Standalone)Prodocs Solutions Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 74.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.55 | 51.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.95 | 14.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹398.12 Cr. | ₹97.29 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 41.23% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.71% | 27.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.03 | 0.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.66 | ₹9.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.18% | 26.62% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Bai Kakaji Polymers IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in Prodocs Solutions 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 3,72,000 shares in Prodocs Solutions IPO.
| Bai Kakaji Polymers IPO | Prodocs Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,08,000 shares | 5,58,000 shares |
| Market Maker Reservation | 2,83,200 shares | 1,00,000 shares |
| QIB | 10,75,200 shares | 3,72,000 shares |
| NII | 8,06,400 shares | 3,00,000 shares |
| RII | 18,81,600 shares | 6,70,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 53,71,200 shares | 19,00,000 shares |
Bai Kakaji Polymers IPO subscribed 5.71x in total, whereas Prodocs Solutions IPO subscribed 2.66x.
| Bai Kakaji Polymers IPO | Prodocs Solutions IPO | |
|---|---|---|
| QIB (times) | 7.88x | 1.59x |
| NII (times) | 7.84x | 4.61x |
| Big NII (times) | 9.27x | 5.51x |
| Small NII (times) | 4.98x | 2.87x |
| RII (times) | 3.56x | 2.38x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.71x | 2.66x |
