IPO Guru
Closed SME

Biopol Chemicals SME IPO

Biopol Chemicals IPO — date, price band, GMP & allotment 2026

The Biopol Chemicals IPO was a fresh issue by the company to raise about ₹31.26 crore for business expansion, land acquisition, debt repayment and general corporate needs. Biopol Chemicals is a speciality chemicals maker serving industries like textiles, home care and agriculture with silicones, emulsifiers, biochemicals and polyelectrolytes. The IPO was priced at ₹102–108 per share and listed on the NSE SME platform in February 2026.

Stock price

Biopol Chemicals is listed — here is the live share price.

Loading market data…
The verdict
Strictly Avoid
0 / 100 · 1 review
Read the reviews →
Grey market premium
₹3
+3% over ₹108 issue price
GMP history →
Subscribed
22.39×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹2,59,200
2 lots · 2400 shares at ₹108
Size my application →
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 14 September.

Key dates Listed
  1. Open 06 Feb 2026
  2. Close 10 Feb 2026
  3. Allotment 11 Feb 2026
  4. Refund/credit 12 Feb 2026
  5. Listing 13 Feb 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 6 to 10 Feb, 2026
Price Band ₹102 – ₹108
Face Value ₹10
Lot Size 1200 Shares
Issue Size ₹31 Cr. Cr
Sale Type Fresh capital only
Listing On NSE SME
Registrar Bigshare Services Private Limited
Min Investment ₹ 2,59,200
Reservation
QIB 25.02%
NII 39.9%
Retail 35.08%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 1200 shares at the ₹108 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹3
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 2,400 ₹2,59,200
Retail (max) 2 2,400 ₹2,59,200
HNI (min) 3 3,600 ₹3,88,800

Three years of numbers

All figures in ₹ crore, as reported in the Biopol Chemicals offer document.

Total income
48.97
17
49
49
31 Mar 202431 Mar 202531 Dec 2025
Profit after tax
6.00
3
4
6
31 Mar 202431 Mar 202531 Dec 2025
EBITDA
8.99
4
7
9
31 Mar 202431 Mar 202531 Dec 2025
Borrowing vs net worth
14.92 / 19.54
31 Mar 202431 Mar 202531 Dec 2025
Borrowing Net worth
Metric 31 Dec 2025 31 Mar 2025 31 Mar 2024
Assets 48.88 31.48 17.56
Total Income 48.97 49.15 17.43
Profit After Tax 6.00 4.33 2.96
EBITDA 8.99 6.53 4.43
NET Worth 19.54 13.53 9.20
Reserves and Surplus 11.63 5.62 1.29
Total Borrowing 14.92 7.69 3.58

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Biopol Chemicals RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
14.58
EPS (₹)
7.41
RoCE
30.57%
RoNW
32.00%
PAT Margin
8.84%

Biopol Chemicals IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹7.41
P/E Ratio (x) 14.58
Market Cap at Offer Price (₹ Cr) ₹87.45

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹108 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹23.36 Cr of the issue is earmarked to named objects.

Acquisition of industrial land ₹12.26 Cr
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 Cr
General Corporate Purposes Not stated

About the company

Biopol Chemicals was established with a vision to develop eco-friendly and sustainable chemical solutions, focusing on reducing environmental impact. Over the years, the company has built expertise in manufacturing specialty chemicals and biodegradable products used across industries such as agriculture, packaging, and consumer goods. Promoted by experienced professionals in the chemical sector, the company has gradually expanded its operations with a focus on innovation, quality, and compliance with environmental standards.

The company’s product portfolio includes bio-based chemicals, polymers, and additives designed to replace conventional synthetic materials. Its business model is centred on research-driven manufacturing and long-term client partnerships, catering to both domestic and international markets. By emphasising sustainability and cost-effective production, Biopol Chemicals aims to strengthen its position in the growing green chemicals segment while maintaining consistent operational efficiency.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Santanu Sarkar and Vedant Sarkar
Promoter holding
89.88% 65.81%
Pre-issue → post-issue
Registered office
D-211, 2nd Floor, Block-D, Sumel Business Park-6 Near Dudheshwar Circle, Dudheshwar Tavdipura, Ahmedabad, Gujarat, 380004
+91- 9147076778
Registrar

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Smart Horizon Capital Advisors View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Smart Horizon Capital Advisors

10 issues handled (2 mainboard, 8 SME)
Listed in Profit 71.4% 5 of 7 listed
Avg Listing Gain -1.9% across 7 issues
Listed Below Issue 2 of 7 listed

Best listing: Shankesh Jewellers (+11.1%). Weakest: Om Freight Forwarders (-39.6%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Biopol Chemicals
Email

Frequently asked

What is the GMP of Biopol Chemicals?

The current Grey Market Premium is ₹3, or 3% over the issue price.

What is the Biopol Chemicals IPO price band?

₹102 to ₹108, on a face value of ₹10.

When is the allotment?

The basis of allotment is 11 February 2026, with listing on 13 February 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.

Biopol Chemicals IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

Join the WhatsApp channel All SME IPOs

Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹3
Subscribed
22.39×
Min bid
₹2,59,200
Size my application