Description

BAI-KAKAJI POLYMERS LIMITED IPO listing with 21,404,400 equity shares across multiple lock-in periods and anchor investor allocations.

Summary

BSE has listed equity shares of BAI-KAKAJI POLYMERS LIMITED following its Initial Public Offering (IPO). A total of 21,404,400 fully paid equity shares have been listed in dematerialized form, with varying lock-in periods ranging from 3 months to 3 years depending on the category of shareholders.

Key Points

  • Total shares listed: 21,404,400 equity shares
  • All securities are fully paid and in demat form
  • Multiple lock-in tranches with different expiry dates
  • Anchor investor allocation: 1,608,000 shares (805,200 + 802,800)
  • Promoter lock-in periods: 1 year, 2 years, and 3 years from December 10, 2025
  • Free shares (no lock-in): 4,046,400 shares
  • Distinctive number range: 1 to 21,404,400

Share Distribution Details

Lock-in Categories:

  1. 3-Year Lock-in: 4,291,902 shares (DN: 1 to 4,291,902)

    • Lock-in: December 10, 2025 to January 14, 2029

  2. 2-Year Lock-in: 5,725,899 shares (DN: 4,291,903 to 10,017,801)

    • Lock-in: December 10, 2025 to January 14, 2028

  3. 1-Year Lock-in: 5,732,199 shares (DN: 10,017,802 to 15,750,000)

    • Lock-in: December 10, 2025 to January 14, 2027

  4. Anchor Investor Allocation 1: 805,200 shares (DN: 15,750,001 to 16,555,200)

    • Lock-in: December 29, 2025 to March 30, 2026 (90 days)

  5. Anchor Investor Allocation 2: 802,800 shares (DN: 16,555,201 to 17,358,000)

    • Lock-in: December 29, 2025 to January 29, 2026 (30 days)

  6. Free Shares: 4,046,400 shares (DN: 17,358,001 to 21,404,400)

    • No lock-in restrictions

Regulatory Changes

No regulatory changes announced. This is a standard IPO listing notification in compliance with SEBI IPO guidelines and BSE listing requirements.

Compliance Requirements

  • Lock-in obligations must be adhered to by respective shareholders until expiry dates
  • Promoter shares subject to graded lock-in as per SEBI (ICDR) Regulations
  • Anchor investors subject to 30-day and 90-day lock-in periods as applicable
  • All shares are required to be held in dematerialized form

Important Dates

  • December 10, 2025: Lock-in start date for promoter shares
  • December 29, 2025: Lock-in start date for anchor investor shares
  • January 29, 2026: Lock-in expiry for 802,800 anchor shares (30-day lock-in)
  • March 30, 2026: Lock-in expiry for 805,200 anchor shares (90-day lock-in)
  • January 14, 2027: Lock-in expiry for 5,732,199 shares (1-year lock-in)
  • January 14, 2028: Lock-in expiry for 5,725,899 shares (2-year lock-in)
  • January 14, 2029: Lock-in expiry for 4,291,902 shares (3-year lock-in)

Impact Assessment

Market Impact: Medium - The IPO brings 21.4 million shares to the market, with approximately 18.9% (4,046,400 shares) available for immediate trading while the remaining shares are under various lock-in periods. This staged release of shares provides market stability.

Liquidity Impact: Initially limited to free float of 4,046,400 shares, with gradual increase as lock-in periods expire starting January 2026.

Investor Impact: Anchor investors have short-term lock-ins (30-90 days), while promoters are subject to standard graded lock-in requirements ensuring management commitment. The structured lock-in schedule provides transparency for market participants.

Impact Justification

New IPO listing of BAI-KAKAJI POLYMERS LIMITED with standard lock-in provisions for promoters and anchor investors