Biopol Chemicals Limited is engaged in the manufacturing and distribution of specialty chemicals, with its product offerings broadly classified into silicones, emulsifiers, biochemicals, and polyelectrolytes. The company supplies application-specific chemical solutions primarily to institutional and industrial customers across multiple end-use sectors.
The company’s product portfolio comprises 66 specialty chemical products, including 40 silicone-based products, 5 emulsifier-based products, 15 biochemical products, and 6 polyelectrolyte products. These products are used across a wide range of industries such as textiles, home and personal care, agriculture, and industrial chemicals, where performance consistency and compliance are critical.
Biopol Chemicals operates on a business-to-business (B2B) model, catering exclusively to institutional customers and does not engage in retail sales. The company focuses on customized formulations and technical support to meet specific customer requirements, particularly in regulated and export-oriented segments such as textiles.
The company operates four establishments across Gujarat and West Bengal, with its manufacturing unit, corporate office, and warehouse in West Bengal, and a registered office in Gujarat. The manufacturing facility has an installed capacity of 18,25,000 litres per annum.
Product Portfolio:
- 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, surfactants.
- Industrial Chemicals: Silicone-based release agents and specialty lubricants for PVC and industrial applications.
The company’s products are ZDHC Level-3 certified, and its facility holds ISO 9001, ISO 14001, and ISO 45001 certifications.
As on December 31, 2025, Biopol Chemicals Limited employed 24 personnel, comprising management, technical, production, and marketing teams supporting its manufacturing and sales operations.
Biopol Chemicals IPO – Details
| IPO Opening Date | 06 February 2026 |
| IPO Closing Date | 10 February 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 28,94,400 Shares Worth ₹31.26 Crore Fresh Issue: 28,94,400 Shares Worth ₹31.26 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹108 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 25% |
| NII Shares Offered | 40% |
| Retail Shares Offered | 35% |
Biopol Chemicals IPO – Date Schedule
| IPO Open Date | 06 February 2026 |
| IPO Close Date | 10 February 2026 |
| Basis of Allotment | 11 February 2026 |
| Initiation of Refund | 12 February 2026 |
| Credit of Shares to Demat | 12 February 2026 |
| IPO Listing Date | 13 February 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2026 |
Biopol Chemicals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,59,200 |
| Retail (Max) | 2 | 2400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9600 | ₹10,36,800 |
Competitive Strength
- 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.
Company Promoters
- Mr. Santanu Sarkar
- Mr. Vedant Sarkar
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2024 | ₹17.43 Cr | ₹15.72 Cr | ₹2.96 Cr | ₹3.58 Cr |
| 31 March 2025 | ₹49.15 Cr | ₹43.35 Cr | ₹4.33 Cr | ₹7.69 Cr |
| 31 December 2025 | ₹48.97 Cr | ₹40.89 Cr | ₹6.00 Cr | ₹14.92 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 36.32% |
| ROCE | 26.32% |
| Debt/Equity | 0.76 |
| RoNW | 30.74% |
| PAT Margin | 12.29% |
| EBITDA Margin | 18.41% |
| Price to Book Value | 4.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.47 | 7.41 |
| P/E (x) | 19.73 | 14.58 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Acquisition of industrial land. | ₹12.26 |
| 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 |
| General corporate purposes. | – |
✅Strengths
- Diversified 66-product specialty chemical portfolio.
- Strong textile chemicals focus with multi-industry applications.
- ZDHC Level-3 certified products and an ISO-certified facility.
- Experienced promoter with 20+ years in chemicals.
- In-house manufacturing with 18.25 mn litres annual capacity.
- Presence in domestic and export markets.
⚠️Risks
- High dependence on textile industry.
- Customer concentration due to B2B model.
- Raw material price volatility may impact margins.
- Single manufacturing location risk.
- Working-capital intensive business.
- Small scale compared to larger peers.
Biopol Chemicals IPO Promoter Holding
| Pre-Issue Share Holding | 89.88% |
| Post Issue Share Holding | 65.81% |
Biopol Chemicals IPO Prospectus
Company Contact Information
| Biopol Chemicals Ltd. D-211, 2nd Floor, Block-D, Sumel Business Park-6, Near Dudheshwar Circle, Dudheshwar Tavdipura, Ahmedabad, Gujarat, 380004 Phone: +91- 9147076778 Email: investors@biopolchemicals.com Website: https://biopolchemicals.com/ |
Biopol Chemicals IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: info@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Biopol Chemicals IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Pvt.Ltd. |
Biopol Chemicals IPO FAQ
| What is the Biopol Chemicals IPO? Biopol Chemicals IPO is an SME IPO. The issue is priced at ₹102 – ₹108 per equity share. The IPO is to be listed on NSE SME. |
| When will Biopol Chemicals IPO open? The IPO is to open on 06 February 2026 for QIB, NII, and Retail Investors. |
| What is Biopol Chemicals IPO Investors’ Portion? The investors’ portion for QIB – 25%, NII – 40%, and Retail – 35%. |
| What is the Biopol Chemicals IPO Size? Biopol Chemicals IPO size is ₹31.26 Crore. |
| What are the Biopol Chemicals IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,59,200, while the maximum bid is 2400 Shares for ₹2,59,200. |
| What is the Biopol Chemicals IPO Allotment Date? Biopol Chemicals IPO allotment date is 11 February 2026. |
| What is the Biopol Chemicals IPO Listing Date? Biopol Chemicals IPO listing date is 13 February 2026. The IPO is to be listed on the NSE SME. |
