Description

BSE announces the allocation details to anchor investors for the public issue (IPO) of BAI-KAKAJI POLYMERS LIMITED.

Summary

BSE has announced the allocation of equity shares to anchor investors for the public issue of BAI-KAKAJI POLYMERS LIMITED. Anchor investor allocation is conducted one day prior to the issue opening and helps in price discovery and building confidence among retail investors.

Key Points

  • Anchor investor allocation completed for BAI-KAKAJI POLYMERS LIMITED IPO
  • Allocation details published by BSE as per regulatory requirements
  • Anchor allocation typically occurs at or above the price band floor price
  • One-third of anchor allocation subject to lock-in for 30 days, remaining two-thirds for 90 days
  • Anchor portion limited to 60% of QIB category in book-built issues

Regulatory Changes

No regulatory changes introduced. This circular is informational, notifying market participants about the anchor investor allocation process completion.

Compliance Requirements

  • The company and merchant bankers must ensure anchor allocation complies with SEBI ICDR Regulations
  • Anchor investor details and allocation must be disclosed to the exchange
  • Lock-in requirements must be adhered to as per regulations

Important Dates

  • Anchor Investor Allocation Date: December 21, 2025 (typically one day before issue opening)
  • Issue Opening Date: Expected December 23, 2025 (or as per final prospectus)
  • Lock-in Period: 30 days for one-third allocation, 90 days for two-thirds allocation

Impact Assessment

Market Impact: Medium - Anchor investor participation indicates institutional confidence in the IPO and helps establish price benchmarks for retail investors. Successful anchor allocation often leads to better subscription rates in the public portion.

Investor Impact: Medium - Retail and other investors can gauge institutional interest and pricing before subscribing to the issue. The anchor allocation price serves as a reference point for valuation.

Company Impact: High - For BAI-KAKAJI POLYMERS LIMITED, successful anchor allocation is crucial for IPO momentum and demonstrates institutional backing for their public market debut.

Impact Justification

Anchor investor allocation is a key step in the IPO process, indicating institutional investor interest and price discovery for the upcoming public issue