IPO Details

Biopol Chemicals IPO

Biopol Chemicals Limited

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SME IPO

₹1,22,400

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Biopol Chemicals Limited

Industry / Sector: Specialty Chemicals (Silicones, Emulsifiers, Biochemicals & Polyelectrolytes)

Founded Year: 2023

Promoters: Mr. Santanu Sarkar, Mr. Vedant Sarkar

Incorporated in April 2023, Biopol Chemicals Limited manufactures and distributes 66 specialty chemicals (40 silicone-based, 5 emulsifier-based, 15 biochemicals, 6 polyelectrolytes) for textiles, home care, agriculture, and industrial applications. It operates on a B2B model with installed capacity of 18.25 lakh litres p.a. across units in West Bengal (manufacturing, corporate office, warehouse) and Gujarat (registered office). It has export operations to Bangladesh and 24 employees as on Dec 31, 2025.

IPO Basic Details

Company Name	Biopol Chemicals Limited
IPO Type	SME IPO
Price Band	₹102 – ₹108
Lot Size	1200
Total Issue Size	₹31.26 Cr (28,94,400 shares)

IPO Strengths & Risks

Strengths

Strong order book
Dedicated manufacturing unit with quality certifications
Strategic presence in Gujarat & West Bengal
Experienced promoters & management
Export to Bangladesh

Risks

Raw material price volatility
Competition in specialty chemicals
Dependence on textiles/agriculture sectors
Moderate debt levels
Expansion execution risk (new land)

IPO Important Dates

IPO Open Date	06 Feb 2026
IPO Close Date	10 Feb 2026
Basis of Allotment	11 Feb 2026
Refund Initiation	12 Feb 2026
Demat Credit Date	12 Feb 2026
Listing Date	13 Feb 2026
Anchor Investor Date	-
UPI Mandate Deadline	10 Feb 2026

IPO Objectives

Capital expenditure for machinery and equipment – -
Funding working capital requirements – -
Debt repayment – -
General corporate purposes – ₹4.04 Cr

Investor Reservation

QIB Quota	23.71% (6,86,400 shares)
Retail Quota	33.25% (9,62,400 shares)
HNI Quota	37.81% (10,94,400 shares; bNII 25.21%, sNII 12.60%)
Employee Quota	-
Shareholder Quota	-
Anchor Investor Allocation	-

Market Lot Details

Application	Lot Size	Shares	Amount
Retail Minimum	2 lots	2400	₹2,59,200
Retail Maximum	2 lots	2400	₹2,59,200
S-HNI Minimum	3 lots	3600	₹3,88,800
S-HNI Maximum	-	-	-
B-HNI Minimum	8 lots	9600	₹10,36,800

Key Performance Indicators (KPI)

ROE	36.32% (Dec 2025) / 38.10% (FY25)
ROCE	26.32% (Dec 2025) / 30.57% (FY25)
RoNW	30.74% (Dec 2025) / 32.00% (FY25)
PAT Margin	12.29% (Dec 2025) / 8.84% (FY25)
EBITDA Margin	18.41% (Dec 2025) / 13.30% (FY25)
EPS	₹5.47 (pre) / ₹7.41 (post)
NAV per share	N/A
Debt to Equity	0.76 (Dec 2025) / 0.57 (FY25)
P/E Ratio	19.73x (pre) / 14.58x (post)
Industry P/E	20–40x (specialty chemicals)

Company Financial Data

Period	Assets	Total Income	PAT	EBITDA	Net Worth	Borrowings
31 Mar 2024	₹17.56 Cr	₹17.43 Cr	₹2.96 Cr	₹4.43 Cr	₹9.20 Cr	₹3.58 Cr
31 Mar 2025	₹31.48 Cr	₹49.15 Cr	₹4.33 Cr	₹6.53 Cr	₹13.53 Cr	₹7.69 Cr
31 Dec 2025	₹48.88 Cr	₹48.97 Cr	₹6.00 Cr	₹8.99 Cr	₹19.54 Cr	₹14.92 Cr

Grey Market Premium

GMP Price	₹0 – ₹4 (~0–3.7%)
Kostak Rate	N/A
Subject to Sauda	N/A
Last Updated	Feb 2026
Estimated Listing Price	₹111 (+2.78–3% premium); current ~₹97.25 (as of Mar 18, 2026)

IPO Subscription Data

Total Subscription	22.33x
QIB (Ex Anchor)	21.05x
HNI Subscription	24.49x
Retail Subscription	20.80x
Anchor	-

IPO Intermediaries

Registrar: Bigshare Services Pvt. Ltd.

Registrar Website: https://ipo.bigshareonline.com

IPO Lead Manager(s)

Smart Horizon Capital Advisors Pvt. Ltd.

IPO Documents

DRHP RHP Prospectus PDF Investor Presentation

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