Bai-Kakaji Polymers' shares traded below their IPO price on the BSE, closing at Rs 180.55, a 2.93% discount from the issue price of Rs 186. The stock initially listed at Rs 190, a 2.15% premium. The company raised Rs 29.90 crore from anchor investors prior to its IPO, which was subscribed 5.38 times. Proceeds are intended for debt repayment, capital expenditure, and general corporate purposes.