Biopol Chemicals IPO

About Biopol Chemicals IPO

Biopol Chemicals IPO opens on February 6, 2026 and closes on February 10, 2026. The allotment of shares will take place on February 11, 2026. The credit of shares to the Demat account will take place on February 12, 2026. The initiation of refunds will take place on February 12, 2026. The listing of shares will take place on February 13, 2026.

The IPO of Biopol Chemicals comprises only a fresh issue. There is no offer for sale in this IPO. The fresh issue aggregates up to 28,94,400 equity shares. The lot size of shares in the IPO is 1200 and the price band of shares is ₹102 to ₹108 per share.

The minimum investment amount required by a retail investor is ₹2,59,200 based on the upper price. The minimum lot for retail investors is 2 (2400 shares).

Biopol Chemicals is engaged in the business of trading, manufacturing and distribution of specialty chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolytes. These products are used in applications across various industry segments.

Objectives of Biopol Chemicals IPO

The company proposes to utilise the IPO proceeds for:

• Acquisition of industrial land
  
• Repayment or prepayment, in full or in part, of borrowings availed by it from banks, financial institutions and non-banking financial companies
  
• General corporate purposes
  

Industry Outlook

Covering more than 80,000 commercial products, India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilisers.

India is the 6th largest producer of chemicals in the world and 3rd in Asia. The country’s chemical sector, which was estimated to be worth around US$ 250 billion in 2024, is anticipated to grow to US$ 1 trillion by 2040. This industry remains an active hub of opportunities, even in an environment of global uncertainty.

Globally, India is the fourth-largest producer of agrochemicals after the United States, Japan and China. India accounts for 16-18% of the world's production of dyestuffs and dye intermediates. Indian colourants industry has emerged as a key player with a global market share of ~15%.

About Biopol Chemicals

Biopol Chemicals is engaged in the business of trading, manufacturing and distribution of specialty chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolytes. Its product portfolio consists of 66 products which comprises 40 silicone-based products, 5 emulsifier-based products, 15 biochemical products and 6 polyelectrolyte products. These products are used in applications across various industry segments.

Strengths of Biopol Chemicals

• Strong order book
• Quality certification and quality assurance
• Strategic presence in Gujarat and West Bengal
• Experienced promoter and management team
• Export operations in Bangladesh

Risks of Biopol Chemicals

• Adverse developments in textile industry may materially and adversely affect business
• Any adverse developments in West Bengal, Gujarat and Bangladesh may materially and adversely affect business
• Loss of any of suppliers or disruption in supply may materially and adversely affect business operations
• No long-term agreements with certain distributors, which exposes the company to the risk of losing them or facing unfavourable commercial terms
• Expansion plans, including the acquisition of industrial land in Gujarat, may expose the company to operational, regulatory and execution risks

Anchor Investor Bidding Date

The anchor investor bidding date is Feb 5, 2026.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services
• Book Running Lead Manager: Smart Horizon Capital Advisors

Biopol Chemicals Business Model

Biopol Chemicals is engaged in the business of trading, manufacturing and distribution of specialty chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolyte. In addition, the company also provides technical consultancy services to customers.

The consultancy service includes support on the application of specialty chemicals in textile processing, guidance relating to the manufacture of dyes and advice on the use of specialty chemicals in industrial formulations, enabling customers in achieving specific application requirements.

Biopol Chemicals Growth Trajectory

The revenue from operations of Biopol Chemicals grew from ₹19.3243 crores in FY 23 to ₹49.1284 crores in FY 25. Its EBITDA margin increased from 8.06% in FY 23 to 13.30% in FY 25, while PAT margin increased from 2.72% in FY 23 to 8.81% in FY 25. A strong order book and quality certification and quality assurance have helped the company grow over the years.

Biopol Chemicals Market Position

Biopol Chemicals conducts its business through a combination of direct sales and a network of distributors, enabling it to serve customers across both domestic and international markets. In the domestic market, its sales are spread across several regions, including West Bengal, Gujarat, Maharashtra, Tamil Nadu and Karnataka, with a significant portion of revenue derived from West Bengal and Gujarat.

How to Apply for Biopol Chemicals IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.