Biopol Chemicals Limited
Bookbuilding IPO · NSE
- Price band
- ₹102 - ₹108
- Lot size
- 1,200 shares
- Issue amount
- ₹31.25 cr
- Total subscription
- 22.39×
- Opens
- 6 Feb 2026
- Closes
- 10 Feb 2026
- Allotment
- 11 Feb 2026
- Listing
- 13 Feb 2026
Offer at a glance
Issue overview
- Issue size
- 28,94,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,22,400
- Fresh issue
- ₹31.25 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,29,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 79,11,000
- Shares after issue
- 1,08,05,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,59,200 |
| sHNI | 3 | 3,600 | ₹3,88,800 |
| bHNI | 8 | 9,600 | ₹10,36,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Feb 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 17 |
| NIB | 0 | 3,918 |
| RETAIL | 481 | 8,341 |
| HNIs(10L +) | 243 | 2,070 |
| HNIs (2-10L) | 122 | 1,848 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.41 | 156.05 |
| Others | 0 | 156.05 |
| RETAIL | 10.39 | 216.2 |
| HNIs 2+ | 3.94 | 72.82 |
| HNIs 10+ | 7.88 | 218.22 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 7.59 | 5.47 | 3.78 | 0 |
| ROE | 36.32 | 38.1 | 53.91 | 30.79 |
| ROCE | 0 | 0 | 0 | 0 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 19.73 | 0 | 0 |
| POST IPO(PE) | 14.58 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Biopol Chemicals Limited | 19.73 | 108.00 | 10.00 | 17.12 | 32.07 | 5.49 |
| Rossari Biotech Limited | 20.93 | 515.50 | 2.00 | 194.56 | 15.62 | 24.63 |
| Fineotex Chemical Limited | 2.30 | 21.71 | 2.00 | 54.93 | 19.31 | 9.44 |
| Indian Emulsifiers Limited | 7.19 | 78.25 | 10.00 | 91.04 | 20.01 | 10.88 |
Company information
Company profile
Incorporated in 2023, Biopol Chemicals Limited manufactures and supplies specialty chemicals such as silicones, emulsifiers, biochemicals, and polyelectrolytes, with a total product range of 66 items used across industries like textiles, home care, agriculture, and industrial chemicals. The company follows a B2B model and serves institutional clients only. It operates four establishments located in Gujarat and West Bengal, including a manufacturing unit, corporate office, and warehouse in West Bengal, along with a registered office in Gujarat, with a total installed manufacturing capacity of 18,25,000 litres per year. As of December 31, 2025, the company had a workforce of 24 employees.
Strengths
- Diversified specialty product portfolio: The company offers 66 products across silicones, emulsifiers, biochemicals, and polyelectrolytes, serving multiple industries and reducing dependence on any single sector.
- B2B-focused business model: The company caters to institutional clients, which supports bulk orders, long-term relationships, and relatively stable demand compared to retail-focused chemical businesses.
- Adequate manufacturing capacity with strategic locations: With an installed capacity of 18,25,000 litres per annum and facilities in Gujarat and West Bengal, the company ensures efficient production and wider regional market reach.
Risk factors
- Limited operating history: Incorporated in 2023, the company has a short track record, which may affect customer confidence and long-term business visibility.
- Small workforce size: With only 24 employees as of December 31, 2025, the company may face challenges in scaling operations and strengthening R&D as it grows.
- Customer concentration risk: A B2B model focused on institutional clients may lead to revenue fluctuations if key customers reduce orders or shift to other suppliers.
Promoters
Mr. Santanu Sarkar
Mr. Vedant Sarkar
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
D-211, 2nd Floor, Block-D, Sumel Business Park-6 Near Dudheshwar Circle Dudheshwar Tavdipura Ahmedabad, Gujarat, 380004
+91- 9147076778
[email protected]Company website ↗Understanding BIOPOL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.