Biopol Chemicals Ltd will open its book-built IPO on 6 February 2026 and close on 10 February 2026, aiming to raise ₹31.26 crore through a fresh issue, with a price band of ₹102-₹108 per share.
The issue is split as 35% retail, 50% QIB and 15% HNI, and the stock is scheduled to list on NSE SME on 13 February 2026, with allotment expected on 11 February 2026.
The company reported ₹49.15 crore revenue and ₹4.33 crore profit in FY2025, up from ₹17.43 crore and ₹2.96 crore in FY2024, making it a moderate-risk option for long-term.
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Biopol Chemicals IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹102 to ₹108 per share |
| Issue Size | Approx ₹31.26 crores |
| Fresh Issue | Approx ₹31.26 crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Biopol Chemicals IPO
Open: 6-10 Feb
Issue Size: ₹31.26 Cr.
Objective: To buy industrial land, repay loans and support general corporate requirements
Exchange: NSE SME
Biopol Chemicals IPO Review
Biopol Chemicals IPO review is neutral. The company operates in the specialty chemicals segment and serves multiple end-use industries such as textiles, home care, agriculture and industrial applications. The sharp improvement in revenue during FY2025 reflects increasing order flow and better capacity utilisation.
Profitability has also improved, supported by higher operating margins. However, being a relatively young company with a limited operating history, earnings visibility and execution risk remain key factors to track. Investors should consider this IPO mainly from a medium-to-long-term perspective.
Biopol Chemicals IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,59,200 |
| Retail Maximum | 2 | 2,400 | ₹2,59,200 |
| S-HNI Minimum | 3 | 3,600 | ₹3,88,800 |
| S-HNI Maximum | 7 | 8,400 | ₹9,07,200 |
| B-HNI Minimum | 8 | 9,600 | ₹10,36,800 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | –% |
| QIB (Ex. Anchor) | 6,86,400 Shares | 23.71% |
| NII Shares Offered | 10,94,400 Shares | 37.81% |
| Retail Shares Offered | 9,62,400 Shares | 33.25% |
Biopol Chemicals IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Basis of Allotment | February 11, 2026 |
| Refunds | February 12, 2026 |
| Credit to Demat Account | February 12, 2026 |
| IPO Listing Date | February 13, 2026 |
| IPO Bidding Cut-off Time | February 10, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Santanu Sarkar and Mr. Vedant Sarkar.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 79,11,000 | 89.88% |
| Promoter Holding Post Issue | 1,08,05,400 | 65.81% |
Objects of the Issue
The company proposes to utilise the IPO proceeds primarily for the acquisition of industrial land amounting to ₹12.26 crores. A sum of ₹11.10 crores will be used towards repayment or prepayment, in full or in part, of borrowings availed from banks, financial institutions and non-banking financial companies. The remaining amount will be used for general corporate purposes.
About Biopol Chemicals IPO
Since its incorporation in 2023, Biopol Chemicals has been engaged in the manufacturing and distribution of specialty chemicals such as silicones, emulsifiers, biochemicals and polyelectrolytes. The company offers around 40 silicone-based products, 5 emulsifier products, 15 biochemical products and 6 polyelectrolyte products.
Its manufacturing facilities are located in Gujarat and West Bengal with an aggregate annual production capacity of about 18,25,000 litres. The company also provides technical consultancy services and follows a B2B business model, serving institutional and industrial clients across multiple sectors.
Biopol Chemicals IPO Company Financial Report
(Amount in ₹ crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 17.43 | 15.72 | 2.96 | 17.56 |
| 2025 | 49.15 | 43.35 | 4.33 | 31.48 |
| Dec 2025 | 48.97 | 40.89 | 6.00 | 48.88 |
Biopol Chemicals IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 38.10% |
| ROCE | 30.57% |
| EBITDA Margin | 13.30% |
| PAT Margin | 8.81% |
| Debt to equity ratio | 0.57 |
| Earning Per Share (EPS) | ₹5.47 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 32.00% |
| Net Asset Value (NAV) | ₹17.10 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Rossari Biotech Limited | 24.63 | 20.93 | 15.62% | 194.56 | – Cr. |
| Fineotex Chemical Limited | 9.44 | 2.30 | 19.31% | 54.93 | – Cr. |
| Indian Emulsifiers Limited | 10.88 | 7.19 | 20.01% | 91.04 | – Cr. |
IPO Lead Managers (Merchant Bankers)
| Name |
|---|
| Smart Horizon Capital Advisors Pvt. Ltd. |
Company Address
| Particular | Details |
|---|---|
| Company Name | Biopol Chemicals Ltd |
| Address | D-211, 2nd Floor, Block-D, Sumel Business Park-6, Near Dudheshwar Circle, Dudheshwar Tavdipura, Ahmedabad – 380004 |
| Phone | +91-9147076778 |
| investors@biopolchemicals.com | |
| Website | https://biopolchemicals.com/ |
IPO Registrar
| Particular | Details |
|---|---|
| Name | Bigshare Services Pvt. Ltd. |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Biopol Chemicals IPO FAQs
What is Biopol Chemicals IPO?
Biopol Chemicals IPO is an SME IPO. The company plans to raise ₹31.26 crores through the public issue. The IPO price band is ₹102 to ₹108 per equity share and it will be listed on NSE SME.
When will Biopol Chemicals IPO open for subscription?
The IPO will open on February 6, 2026 for QIB, NII and retail investors and will close on February 10, 2026.
What is Biopol Chemicals IPO investors’ portion?
The investors’ portion is 50% for QIB, 15% for NII and 35% for retail investors.
How to apply for Biopol Chemicals IPO?
You can apply through ASBA using your bank account. You can also apply through UPI using your stock broker’s platform or submit an offline application form through your broker.
What is Biopol Chemicals IPO issue size?
The total issue size of the IPO is ₹31.26 crores.
What is Biopol Chemicals IPO price band?
The price band is fixed at ₹102 to ₹108 per share.
What is Biopol Chemicals IPO lot size?
The minimum bid size is 2,400 shares and the application amount is ₹2,59,200.
What is the Biopol Chemicals IPO allotment date?
The allotment is expected to be finalised on February 11, 2026.
What is the Biopol Chemicals IPO listing date?
The IPO is scheduled to be listed on February 13, 2026 on NSE SME.
Expert Comment
Biopol Chemicals IPO offers exposure to a fast-growing specialty chemicals manufacturer with improving profitability and expanding industrial client relationships.
While the growth outlook is encouraging, investors should remain cautious due to the company’s short operating history and execution risks associated with capacity expansion and land acquisition. This IPO is suitable mainly for investors with a long-term horizon and higher risk appetite.
