Description

BSE announces the listing of 21,404,400 equity shares of BAI-KAKAJI POLYMERS LIMITED from their IPO with various lock-in periods.

Summary

BSE has listed 21,404,400 equity shares of BAI-KAKAJI POLYMERS LIMITED following their Initial Public Offering (IPO). The shares are issued in demat form across six tranches with varying lock-in periods ranging from 3 months to 3 years, including allocations to anchor investors.

Key Points

  • Total shares listed: 21,404,400 equity shares
  • All shares are fully paid and in demat form
  • Six different tranches with distinct lock-in periods
  • Anchor investor allocations: 802,800 shares (3-month lock-in) and 805,200 shares (90-day lock-in)
  • Promoter/pre-IPO lock-ins range from 1 to 3 years
  • One tranche of 4,046,400 shares has no lock-in restriction

Regulatory Changes

Not applicable - this is a standard IPO listing notification.

Compliance Requirements

  • Lock-in compliance must be maintained as per SEBI regulations
  • Shares in locked-in tranches cannot be traded until respective lock-in expiry dates
  • Demat account holders must ensure compliance with lock-in restrictions

Important Dates

  • Listing Date: December 10, 2025 (for locked-in shares) and December 29, 2025 (for anchor shares)
  • Lock-in Expiry Dates:
    • January 29, 2026: 802,800 shares (anchor investors)
    • March 30, 2026: 805,200 shares (anchor investors)
    • January 14, 2027: 5,732,199 shares
    • January 14, 2028: 5,725,899 shares
    • January 14, 2029: 4,291,902 shares
  • Free Shares: 4,046,400 shares available for trading immediately

Impact Assessment

Market Impact: Medium - The listing adds 21.4 million shares to the market with staggered availability due to lock-in periods. Immediate tradable float is limited to 4,046,400 shares (18.9% of total), which may impact liquidity and price discovery in the initial trading period.

Operational Impact: Lock-in mechanisms ensure gradual supply increase over 3+ years, potentially supporting price stability. Anchor investor allocations (7.5% of total) have short lock-ins, providing early liquidity boost within 3-4 months post-listing.

Impact Justification

New IPO listing with multiple tranches and lock-in periods affecting 21.4 million shares