Bai-Kakaji Polymers Limited is engaged in manufacturing PET preforms, plastic caps, and closures used in food and beverage packaging. The company earns revenue through bulk supply to packaged drinking water, carbonated beverages, juices, and dairy brands. Its key products include Alaska closures, CSD caps, and customized PET preforms designed for different bottling needs across FMCG and beverage applications.

The Company is led by Promoter, i.e., Balkishan Pandurangji Mundada, Harikishan Pandurangji Mundada, Akash Balkishan Mundada, Akshay Balkishan Mundada and Kiran Balkishan Mundada

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 16,856.43 Lakh, ₹ 33,212.13 Lakh, â‚¹ 29,641.54 Lakh, and ₹ 27,509.27 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 2,434.67 Lakh, ₹ 3,350.72 Lakh, ₹ 2,074.91 Lakh, and ₹ 1,416.91 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were â‚¹ 1,281.22 Lakh, ₹ 1,836.90 Lakh, â‚¹ 938.46 Lakh, and ₹ 417.68 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of â‚¹ 11.66 and post-issue EPS of ₹ 8.58 for FY25. The pre-issue P/E ratio is 15.95x,while the post-issue P/E ratio is 21.67x against the Industry P/E ratio is 6.94x The company's ROE for FY25 is 41.23% and RoNW is 34.18% The Annualised EPS is ₹ 11.97x and P/E is 15.54x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of Bai Kakaji Polymers showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Bai Kakaji Polymers Limited IPO for Listing gain or Long Term Purposes.