Biopol Chemicals IPO Review 2026 – Price Band, GMP, Allotment & RHP Insights
Latest Grey Market Premium & IPO Details
Biopol Chemicals IPO 2026 – Key Info & Highlights
Biopol Chemicals IPO launches on 6 Feb 2026 in the price band of ₹102–₹108. Track Biopol Chemicals IPO GMP today and Biopol Chemicals subscription status, quota breakup, DRHP details, financial growth, and expert analysis for smarter investment decisions.
📌 IPO Details
| Company Name | Biopol Chemicals IPO |
|---|---|
| Sector / Industry | specialty & performance chemicals |
| IPO Open Date | 06-02-2026 |
| IPO Close Date | 10-02-2026 |
| Allotment Date | 11-02-2026 |
| Refund Date | 12-02-2026 |
| Share Credit Date | 12-02-2026 |
| Listing Date | 13-02-2026 |
| Price Band | ₹102 - ₹108 |
| Lot Size | 1200 Shares |
| Min Investment | ₹2,59,200 ( 2 lots Price ) |
| Total Issue Size | ₹31.26 Cr |
| Reserved for Market Maker | ₹1.63 Cr |
| Net Issue Size | ₹29.63 Cr |
| Fresh Issue | ₹29.63 Cr |
| IPO Listing At | NSE SME |
| DRHP | View DRHP |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 89.88 % |
| Promoter Holding Post IPO | 65.81% |
| Min Small HNI Lots | 3600 shares (3 lots) |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 33.25% |
| QIB (Qualified Institutional Buyers) | 23.71% |
| HNI (High Net Worth Individuals) | 37.81% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 12-02-2026 | ₹4.00 | - | ₹112.00 | ₹4800.00 | 12-02-2026 23:20 |
| 11-02-2026 | ₹4.00 | ▲ | ₹112.00 | ₹4800.00 | 11-02-2026 23:20 |
| 10-02-2026 | ₹3.00 | ▲ | ₹111.00 | ₹3600.00 | 10-02-2026 23:20 |
📝 About Biopol Chemicals
Biopol Chemicals Limited is a specialty chemicals company involved in the manufacturing, distribution, and supply of a diverse range of chemical products used across multiple industries. The Company’s offerings cater primarily to sectors such as textiles, homecare, agriculture, and industrial chemicals, where it provides application-specific and customized chemical solutions to meet client requirements.
The Company was originally incorporated in 2023 as Biopol Chemicals Private Limited and was subsequently converted into a public limited entity in May 2024, following the acquisition of the proprietorship firm M/s United Chemical Company. This transition marked an important milestone in strengthening its business structure and expanding operational capabilities.
Biopol Chemicals’ product portfolio consists of 66 specialty chemical products, including silicone-based products, emulsifiers, biochemicals, and polyelectrolytes. These products are designed for use in processes such as textile treatment, dyeing, industrial applications, and homecare formulations. Alongside product manufacturing and distribution, the Company also offers technical consultancy services, assisting customers in areas such as textile processing, dye manufacturing, and chemical formulation.
Operating on a B2B business model, Biopol Chemicals serves institutional customers through a combination of direct sales and a distributor network. The Company has established a domestic presence across key industrial regions including West Bengal, Gujarat, Maharashtra, Tamil Nadu, and Karnataka, and also caters to export markets, with Bangladesh being a key destination due to its strong textile and apparel manufacturing base.
With an experienced management team, an asset-light and scalable business model, and a focus on quality, compliance, and customer satisfaction, Biopol Chemicals Limited aims to strengthen its market position and create sustainable long-term value for its stakeholders
Biopol Chemicals Revised Financials
Profit / Loss & Total Assets (Last 3 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2024 | 17.43 | +2.96 | 17.56 |
| FY 2025 | 49.15 | +4.33 | 31.48 |
| 9M FY 2026 (Dec 2025) | 48.97 | +6.00 | 48.88 |
Note: Financial figures are as per restated financial statements in the DRHP/RHP. Amounts are in ₹ Crore.
Biopol Chemicals Limited – Objects of the Issue
- ₹12.26 Crore – Acquisition of Industrial Land
A portion of the IPO proceeds will be utilized for the acquisition of industrial land to support the Company’s long-term operational requirements and future business expansion plans. - ₹11.10 Crore – Repayment / Prepayment of Borrowings
The Company intends to use part of the net proceeds to repay or prepay, in full or in part, certain outstanding borrowings availed from banks, financial institutions, and non-banking financial companies, thereby reducing interest costs and strengthening the balance sheet. - Remaining Amount – General Corporate Purposes
The balance of the proceeds will be deployed towards general corporate purposes, including supporting working capital requirements, administrative expenses, and other business initiatives.
Biopol Chemicals Limited – Strengths
- Experienced Promoter and Management Team – The Company is led by promoters and key managerial personnel with hands-on experience in the specialty chemicals trading and distribution business, enabling effective decision-making and operational control.
- Diversified Specialty Chemical Product Portfolio – Biopol Chemicals offers a wide range of specialty chemical products catering to multiple end-user industries such as textiles, industrial processing, homecare, and agriculture, reducing dependence on a single segment.
- Strong Customer Relationships – The Company has established long-standing relationships with its customers, supported by consistent product quality, timely deliveries, and customized solutions.
- Asset-Light and Scalable Business Model – The business model allows the Company to scale operations efficiently without significant capital expenditure, supporting flexibility and profitability.
- Improving Financial Performance – The Company has demonstrated growth in revenue and profitability over recent periods, reflecting effective cost management and expanding business operations.
Biopol Chemicals Limited – Key Risks
- Dependence on Key Customers and Suppliers – A significant portion of the Company’s revenue is derived from a limited number of customers and suppliers. Any loss of key relationships or adverse changes in commercial terms could impact business performance.
- Volatility in Raw Material Prices – Fluctuations in the prices and availability of chemical raw materials may affect margins, as the Company may not always be able to pass on cost increases to customers.
- Regulatory and Compliance Risk – The chemical industry is subject to various environmental, safety, and regulatory requirements. Any changes in laws or non-compliance may lead to penalties, operational restrictions, or additional costs.
- Working Capital Intensive Business – The Company’s operations require significant working capital investment in inventory and receivables. Delays in customer payments may impact cash flows and liquidity.
- Competition from Organized and Unorganized Players – The Company operates in a highly competitive market with the presence of both organized and unorganized players, which may put pressure on pricing, margins, and market share.
Biopol Chemicals Limited
Specialty Chemicals Manufacturer & Distributor – serving industrial, textile, homecare, and agricultural sectors
| Founded in: | 12 April 2023 |
|---|---|
| MD/CEO: | Mr. Santanu Sarkar (Managing Director) |
| Address: | D-211, 2nd Floor, Block-D, Sumel Business Park-6 Near Dudheshwar Circle Dudheshwar Tavdipura Ahmedabad, -380004 |
| Website: | https://biopolchemicals.com/ |
| Phone: | +91 91470 76778 |
| Email: | investors@biopolchemicals.com |
| Services: | Manufacturing and distribution of specialty chemicals including silicones, emulsifiers, biochemicals, polyelectrolytes, and technical consultancy services for textile processing and industrial chemistry. |
IPO Quick Info
06 Feb 2026
10 Feb 2026
Upcoming
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