Initial public offer of up to 56,54,400 equity shares of face value of Rs. 10/- each (the "Equity Shares") of BAI-Kakaji Polymers Limited ("the Company" or "the Issuer") at an issue price of Rs. 177-Rs. 186 per equity share (including a share premium of Rs. 167- Rs. 176 per equity share) for cash, aggregating up to Rs. 100.08-Rs. 105.17 crores ("Public Issue") out of which 2,83,200 equity shares of face value of Rs. 10/- each, at an issue price of
Rs. 177-Rs. 186 per equity share for cash, aggregating Rs. 5.01- Rs. 5.27 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 53,71,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 177-Rs. 186 per equity share for cash, aggregating up to Rs. 95.07-Rs. 99.90 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.42% and 25.09% respectively of the post- issue paid-up equity share capital of the company.
Price Band: Rs. 186 per equity share of face value of Rs. 10/- each.
The floor price is 18.6 times of the face value of the equity shares.
Bids can be made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.