Biopol Chemicals IPO
Bookbuilding IPO | ₹31.00 Cr | Listing at NSE SME
Closed
GMP: 0.00
IPO Open
Fri, Feb 06, 2026
IPO Close
Tue, Feb 10, 2026
Price Band
₹102.00 to ₹108.00
Market Cap (Pre-IPO)
₹116.70 Cr
IPO Details
| IPO Date | Feb 06, 2026 to Feb 10, 2026 |
| Listing Date | Tentative: Feb 13, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹102.00 to ₹108.00 |
| Lot Size | 1200 Shares (Minimum: ₹129,600.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹31.00 Crores |
| Total Shares Offered | 2,894,400 shares |
| Offer For Sale | 2,894,400 shares |
Biopol Chemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 6,86,400 (23.71%) |
| Retail Shares Offered | 9,62,400 (33.25%) |
| NII Shares Offered | 10,94,400 (37.81%) |
Biopol Chemicals IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹259,200 |
| Retail (Max) | 2 | 2,400 | ₹259,200 |
| S-HNI (Min) | 3 | 3,600 | ₹388,800 |
| S-HNI (Max) | 7 | 8,400 | ₹907,200 |
| B-HNI (Min) | 8 | 9,600 | ₹1,036,800 |
Biopol Chemicals Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 48.88 | 31.48 | 17.56 |
| Total Income | 48.97 | 49.15 | 17.43 |
| Profit After Tax | 6.00 | 4.33 | 2.96 |
| EBITDA | 8.99 | 6.53 | 4.43 |
| NET Worth | 19.54 | 13.53 | 9.20 |
| Reserves and Surplus | 11.63 | 5.62 | 1.29 |
| Total Borrowing | 14.92 | 7.69 | 3.58 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 38.10% |
| ROCE (Return on Capital Employed) | 30.57% |
| Debt/Equity | 0.57 |
| RoNW (Return on Net Worth) | 32.00% |
| PAT Margin (Profit After Tax Margin) | 8.81% |
| EBITDA Margin | 13.30% |
| Price to Book Value | 6.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.47 | 7.41 |
| P/E (x) | 19.73 | 14.58 |
| Promoter Holding | 89.88% | 65.81% |
Company Promoters
- Mr. Santanu Sarkar and Mr. Vedant Sarkar are the promoters of the company.
Company Overview
Company Overview
- Incorporated in 2023, Biopol Chemicals Limited is engaged in the manufacturing and distribution of specialty chemicals in India.
- The company’s product offerings are categorized into silicones, emulsifiers, biochemicals, and polyelectrolytes.
- Operates on a B2B business model, catering exclusively to institutional and industrial clients.
Product Portfolio & Applications
- Total Products: 66 specialty chemical products
- Silicone-based products: 40
- Emulsifier-based products: 5
- Biochemical products: 15
- Polyelectrolyte products: 6
- Products are widely used across textiles, home care, agriculture, and industrial chemical applications.
Segment-wise Offerings
- Textile Chemicals: Softeners, silicones, emulsions, hydrophilic finishes, hardeners & binders, dyeing and printing auxiliaries
- Home Care Chemicals: Silicone fluids, emulsifiers, cleaning chemicals
- Agriculture Chemicals: Silicone adjuvants and surfactants
- Industrial Chemicals: Silicone-based release agents and specialty PVC lubricants
Manufacturing & Infrastructure
- Operates 4 establishments located in Gujarat and West Bengal
- Includes manufacturing unit, corporate office, and warehouse in West Bengal, and registered office in Gujarat
- Installed manufacturing capacity: 18,25,000 litres per annum
Workforce
- As of December 31, 2025, the company employed 24 personnel supporting manufacturing, R&D, and business operations
Company Strengths
- Order Book
- Manufacturing Unit
- Quality Certification and Quality Assurance
- Strategic presence in Gujarat and West Bengal
- Experienced Promoter and Management Team
- Export operations in Bangladesh
Use of Proceeds
| 1) | Acquisition of industrial land | 12.26 |
| 2) | Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies | 11.10 |
| 3) | General Corporate Purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Biopol Chemicals IPO Peer Comparison
Biopol Chemicals peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Biopol Chemicals Ltd. | 5.49 | 5.49 | 17.12 | - | 32.07 | - | - |
| Rossari Biotech Limited | 24.63 | 24.63 | 194.56 | 20.93 | 15.62 | 2.65 | - |
| Fineotex Chemical Limited | 9.44 | 9.44 | 54.93 | 2.30 | 19.31 | 0.39 | - |
| Indian Emulsifiers Limited | 10.88 | 10.88 | 91.04 | 7.19 | 20.01 | 0.86 | - |
Quick Info
| Sector | Specialty Chemicals |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹116.70 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Feb 06, 2026 |
| IPO Close | Feb 10, 2026 |
| Allotment Date | Feb 11, 2026 |
| Credit to Demat | Feb 12, 2026 |
| Listing Date | Tentative: Feb 13, 2026 |
Lead Manager(s)
Smart Horizon Capital Advisors Pvt.Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- Biopol Chemicals IPO is a book-built SME IPO with a total issue size of ₹31.26 crore, comprising a 100% fresh issue of 0.29 crore equity shares. The IPO opens for subscription on February 6, 2026 and closes on February 10, 2026. IPO allotment is expected on February 11, 2026, while the shares are likely to list on NSE SME on February 13, 2026.
- The Biopol Chemicals IPO price band is fixed at ₹102–₹108 per share, with an IPO lot size of 1,200 shares. Retail investors need a minimum investment of ₹2,59,200 (2,400 shares), whereas HNI investors must apply for 3,600 shares amounting to ₹3,88,800.