Updated on 29.01.2026|9:01 PM
Biopol Chemicals Limited has announced its Initial Public Offering (IPO) on the NSE SME platform.
It is a manufacturer and trader of speciality chemical products including silicones, emulsifiers, and biochemicals which serves diverse industries, including textiles, agriculture, and home care.
The subscription will open on February 6, 2026 and close on February 10, 2026, with a price band of ₹102 to ₹108 per share. You can track the details of all the live and coming IPOs at our IPO calendar hub page which is updated regularly.
The 100% fresh issue of 28,94,400 equity shares aims to raise approximately ₹31.26 Crores.
The proceeds are intended for the acquisition of industrial land for expansion and for repayment of certain borrowings.
In this article, you will find Biopol Chemicals IPO GMP today, price band, and a detailed review. For the subscription details of this and all other IPOs check our IPO subscription page and for the allotment status track our IPO allotment status page.
Briefs of Biopol Chemicals IPO Details
- Price Band: ₹102 – ₹108 per equity share
- IPO Open / Close Dates: February 6, 2026 – February 10, 2026
- Lot Size: 1,200 Shares (Note: Retail Minimum Application is 2 Lots / 2,400 Shares)
- Issue Size: 28,94,400 Equity Shares / ~₹31.26 Crores
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Bigshare Services Pvt. Ltd.
- Listing Exchange: NSE SME
Here is the step by step guide to check IPO allotment status at Bigshare Services Pvt. Ltd.
What Is The Biopol Chemicals IPO GMP Today?
You can check the GMP of this and other issues at our GMP hub page.
Note: GMP varies daily and It is an unofficial indicator which is not regulated by SEBI, NSE, or BSE.
What Are The Important Biopol Chemicals IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Friday, February 6, 2026
- IPO Close Date: Tuesday, February 10, 2026
- Basis of Allotment Date: Wednesday, February 11, 2026
- Refund Initiation Date: Thursday, February 12, 2026
- Credit of Shares: Thursday, February 12, 2026
- Listing Date: Friday, February 13, 2026
What Are The Objectives of Biopol Chemicals IPO?
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Land Acquisition: A significant portion of ₹12.26 Crores is allocated for acquiring industrial land in Vatva, Gujarat, to establish a new manufacturing unit, thereby geographically diversifying its production base.
- Debt Repayment: Approximately ₹11.10 Crores will be used to repay or prepay existing borrowings, aimed at improving the company's financial leverage and reducing interest costs.
- General Corporate Purposes: To fund ongoing operational needs and strategic initiatives.
How is The Financial Performance of Biopol Chemicals?
The following table summarizes the financial performance of the company based on restated consolidated financial statements.
(Figures in ₹ Crores)
| Particulars | Period Ended 31 Dec 25 | Period Ended 31 Mar 25 | Period Ended 31 Mar 24 | Period Ended 31 Mar 23 |
Total Income | 48.97 | 49.15 | 25.47 | 19.33 |
Profit After Tax (PAT) | 6.00 | 4.33 | 2.96 | 0.53 |
EBITDA | 8.99 | 6.53 | 4.43 | 1.56 |
Total Borrowing | 14.92 | 7.69 | 3.58 | 6.69 |
Assets | 48.88 | 31.48 | 17.56 | 12.43 |
Financial Analysis & Observations:
Total Income:
The company reported Total Income of ₹49.15 Crores in FY25, nearly doubling from ₹25.47 Crores in FY24. The momentum continued in the nine months ended December 2025 with ₹48.97 Crores, indicating strong demand in the textile chemical segment.
Profit After Tax (PAT):
Profitability has seen a sharp uptake, with PAT reaching ₹6.00 Crores in the first nine months of FY26, surpassing the entire FY25 profit of ₹4.33 Crores. This growth is driven by improved pricing dynamics and operational scalability.
EBITDA:
Operational efficiency remains robust, with EBITDA rising to ₹8.99 Crores in the recent period (Dec 25). The expanding EBITDA margins reflect better management of raw material costs and overheads.
Total Borrowing:
Debt levels increased to ₹14.92 Crores as of December 2025 to support the increased working capital needs of a growing order book. The IPO proceeds allocated for debt repayment are crucial to bringing this down and improving the Debt-to-Equity ratio.
Assets:
The asset base expanded significantly to ₹48.88 Crores by December 2025. This increase is largely due to higher trade receivables and inventory, which is typical for a B2B chemical business in a high-growth phase.
What Are The P/E Ratio and Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹5.47, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 19.74x at the upper end of the price band (₹108).
P/E Ratio = ₹108(Price) / ₹5.47(Earnings Per Share)
P/E Ratio ≈ 19.74x
Peer Comparison Table:
| Company | P/E Ratio | RoNW (%) | EPS (₹) |
Biopol Chemicals | ~19.74 | 32.07 | 5.49 |
| Rossari Biotech | 20.93 | 15.62 | 24.63 |
| Fineotex Chemical | 2.30 | 19.31 | 9.44 |
| Indian Emulsifiers | 7.19 | 20.01 | 10.88 |
Analysis:
Biopol Chemicals is entering the market at a P/E multiple of approximately 19.74x based on FY25 earnings. While this is higher than peers like Fineotex Chemical (2.30x) and Indian Emulsifiers (7.19x), it is comparable to Rossari Biotech (20.93x).
Notably, Biopol has a Return on Net Worth (RoNW) of 32.07%, significantly outperforming its peers, which may justify a premium valuation based on capital efficiency.
What is the Industry Outlook of Biopol Chemicals Limited?
Growth Potential:
The Indian specialty chemicals industry is projected to grow at a CAGR of 12% over the next five years, driven by domestic consumption and export demand ("China Plus One" strategy).
Market Trends:
The textile chemicals market, a key revenue driver for Biopol, is recovering with increased demand for eco-friendly and sustainable chemical solutions. Biopol's ZDHC Level 3 certifications position it well to serve compliance-conscious global brands.
What Are The Strengths and Risks of Biopol Chemicals IPO?
Strengths:
- High Efficiency: A Return on Net Worth (RoNW) of over 32% indicates excellent management of shareholder funds.
- Certifications: Holding ZDHC Level 3 certification enhances the company's credibility and vendor status with international textile clients.
- Expansion Strategy: The acquisition of land in Gujarat will reduce geographical risk (currently concentrated in West Bengal) and increase production capacity.
Risks:
- Sector Concentration: With over 60% of revenue derived from the textile industry, the company is vulnerable to cyclical downturns in that specific sector.
- Cash Flow: The company has reported negative cash flows from operating activities in recent periods due to high working capital requirements.
- Geographic Concentration: Currently, the majority of revenue comes from West Bengal. Any regional disruption could impact operations until the Gujarat facility is operational.
Key Considerations for Investors
This section is for information purposes only and does not constitute financial advice.
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 1,200 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (2,400 Shares), amounting to ₹2,59,200. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category effectively targets HNI investors.
- Valuation: At ~19.7x P/E, the valuation is full but supported by high growth and return ratios.
- Risk Profile: The company is growing fast but consumes significant cash for working capital.
Key Takeaways
- IPO Price: ₹108 per share (Upper Band).
- Min Investment: ₹2,59,200 (2,400 Shares).
- Valuation: P/E of ~19.74x.
- Allotment Date: February 11, 2026
- Listing: NSE SME platform on February 13, 2026.
FAQs on Biopol Chemicals IPO
What is Biopol Chemicals IPO GMP today?
The GMP is a dynamic market sentiment indicator. You can check the gmp of this and other ipos at our gmp page.
What is Biopol Chemicals IPO price band?
The price band is fixed at ₹102 to ₹108 per equity share.
What is Biopol Chemicals IPO allotment date?
The allotment status is expected to be finalized on Wednesday, February 11, 2026.
How to check Biopol Chemicals IPO allotment status?
Investors can check the status on the website of Bigshare Services Pvt. Ltd. (the Registrar) or via the NSE IPO allotment portal.
What is Biopol Chemicals IPO listing date?
The shares are tentatively scheduled to list on Friday, February 13, 2026.
Investment Perspective on Biopol Chemicals IPO
Biopol Chemicals offers a high-growth play in the specialty chemicals sector with impressive capital efficiency. While the valuation is premium relative to some peers, the strong RoNW and expansion plans provide a solid growth narrative. However, the high ticket size for retail investors and working capital intensity are factors to consider.
Disclaimer:
This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
