Bai Kakaji Polymers SME IPO Subscription Status
Bai Kakaji Polymers SME IPO closed on 26 December 2025 with an overall subscription of 5.79x based on shares applied. QIB demand came in at 7.88x, NII at 8.19x, and retail at 3.56x.
Allotment will be finalised on 29 December 2025. The stock is scheduled to list on NSE and BSE on 31 December 2025.
Issue Price
Rs 186.00
GMP Today
Rs 3.00 (+1.61%)
Overall Subscription
5.79x
Issue Size
₹99.90 Cr
Allotment Date
29 Dec 2025
Listing Date
31 Dec 2025
Bai Kakaji Polymers SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 186.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 20.00 Cr | Rs 157.57 Cr | 7.88x |
| FII | - | Rs 3.98 Cr | - |
| DFI | - | Rs 20.09 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 153.38 Cr | - |
| NII | Rs 15.00 Cr | Rs 122.83 Cr | 8.19x |
| bNII (above Rs 10L) | Rs 10.00 Cr | Rs 97.94 Cr | 9.79x |
| Corporate | - | Rs 10.29 Cr | - |
| Individual | - | Rs 85.25 Cr | - |
| Other | - | Rs 2.40 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 5.00 Cr | Rs 24.89 Cr | 4.98x |
| Corporate | - | Rs 1.41 Cr | - |
| Individual | - | Rs 22.99 Cr | - |
| Other | - | Rs 49.10 L | - |
| IND | Rs 35.00 Cr | Rs 124.55 Cr | 3.56x |
| Fixed price | - | Rs 124.55 Cr | - |
| Total | Rs 70.00 Cr | Rs 404.94 Cr | 5.79x |
Bai Kakaji Polymers SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,792 | 23 | 0.01x |
| FII | - | 2 | - |
| DFI | - | 2 | - |
| Mutual Funds | - | - | - |
| Other | - | 19 | - |
| NII | 448 | 1,575 | 3.52x |
| bNII (above Rs 10L) | 299 | 856 | 2.86x |
| Corporate | - | 34 | - |
| Individual | - | 807 | - |
| Other | - | 15 | - |
| sNII (Rs 2L to Rs 10L) | 149 | 719 | 4.83x |
| Corporate | - | 41 | - |
| Individual | - | 665 | - |
| Other | - | 13 | - |
| IND | 1,568 | 5,580 | 3.56x |
| Fixed price | - | 5,580 | - |
| Total | 3,808 | 7,178 | 1.88x |
What Do These Subscription Numbers Mean?
A subscription of 5.79x by shares means the IPO received bids for 6 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 7.88x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 7.88x, it reflects serious institutional conviction.
NII at 3.52x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 2.86x and sNII at 4.83x by applications. Share subscription was 8.19x. Allotment uses application count, not share volume.
At 3.56x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~28% per application). Retail allotment is done by lottery when oversubscribed.
Bai Kakaji Polymers SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 3.56x.
- •Allotment odds: about 1 in 4 (~28% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 4.83x.
- •Allotment odds: about 1 in 5 for a minimum-lot application (~21% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 2.86x.
- •Allotment odds: about 1 in 3 for a minimum-lot application (~35% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 9.79x. Allotment uses application count, not share volume.
Check the Bai Kakaji Polymers SME IPO Allotment Status page from 29 December 2025 for your allotment result.
Bai Kakaji Polymers SME IPO GMP After Subscription
GMP for Bai Kakaji Polymers SME stands at Rs 3.00 today, giving an estimated listing price of Rs 189.00 per share.
A subscription of 5.79x combined with a GMP of 1.61% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Bai Kakaji Polymers SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Bai Kakaji Polymers SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Dec 2025 | 3.92x | 1.02x | 0.10x | 1.39x |
| Day 2 - 24 Dec 2025 | 3.92x | 0.96x | 0.27x | 1.46x |
| Day 3 - 26 Dec 2025 | 7.88x | 7.84x | 3.53x | 5.69x |
Bai Kakaji Polymers SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 December 2025 |
| IPO Close Date | 26 December 2025 |
| Allotment Date | 29 December 2025 |
| Refund Initiation | 30 December 2025 |
| Share Credit to Demat | 30 December 2025 |
| Listing Date | 31 December 2025 |
| Minimum Investment | Rs 2,23,200.00 |
| Lot Size | 600 shares |
About Bai Kakaji Polymers SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Bai Kakaji Polymers SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Bai Kakaji Polymers SME IPO Allotment Status
Check allotment result on allotment date
Bai Kakaji Polymers SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Bai Kakaji Polymers SME IPO Subscription FAQs
What is Bai Kakaji Polymers SME IPO subscription status today?
Bai Kakaji Polymers SME IPO subscription closed on 26 December 2025 with overall subscription of 5.79x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 7.88x, NII 3.52x, IND 3.56x.
What is the overall subscription of Bai Kakaji Polymers SME IPO?
Bai Kakaji Polymers SME IPO is subscribed 5.79x overall by shares at close on 26 December 2025. QIB 7.88x, NII 3.52x, and IND 3.56x.
What is Bai Kakaji Polymers SME IPO QIB subscription?
Bai Kakaji Polymers SME IPO QIB (Qualified Institutional Buyers) subscription is 7.88x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Bai Kakaji Polymers SME IPO IND subscription?
Bai Kakaji Polymers SME IPO IND subscription is 3.56x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Bai Kakaji Polymers SME IPO NII subscription?
Bai Kakaji Polymers SME IPO NII (Non-Institutional Investors) subscription is 3.52x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Bai Kakaji Polymers SME IPO for retail?
At 3.56x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~28% per application). Allotment is done by lottery.
When is Bai Kakaji Polymers SME IPO allotment date?
Bai Kakaji Polymers SME IPO allotment date is 29 December 2025. Check Bai Kakaji Polymers SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Bai Kakaji Polymers SME IPO subscription close?
Bai Kakaji Polymers SME IPO subscription closed on 26 December 2025. No new applications are accepted after the close.
What is Bai Kakaji Polymers SME IPO GMP today?
Bai Kakaji Polymers SME IPO GMP is ₹3 today (+1.61% over issue price ₹186). See live GMP on the Bai Kakaji Polymers SME IPO GMP Today page.
What is Bai Kakaji Polymers SME IPO issue price and lot size?
Bai Kakaji Polymers SME IPO issue price is ₹186 per share. Lot size is 600 shares. Minimum investment is ₹2,23,200 per lot (minimum 2 lots for SME). Issue size: ₹99.90 Cr.
When is Bai Kakaji Polymers SME IPO listing date?
Bai Kakaji Polymers SME IPO listing date is 31 December 2025 on NSE and BSE. Allotment is on 29 December 2025.
How does subscription affect Bai Kakaji Polymers SME IPO allotment?
Allotment odds in Bai Kakaji Polymers SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 3.52x by applications means roughly 1 in 4 for minimum-lot bids; bNII at 2.86x (~1 in 3). At 5.79x overall, competition is moderate.
For allotment results from 29 December 2025, visit the Bai Kakaji Polymers SME IPO Allotment Status page. For listing day updates on 31 December 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.