Biopol Chemicals IPO
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Biopol Chemicals IPO details
Schedule of Biopol Chemicals
| Issue open date | 06 Feb 2026 |
| Issue close date | 10 Feb 2026 |
| UPI mandate deadline | 10 Feb 2026 (5 PM) |
| Allotment finalization | 11 Feb 2026 |
| Refund initiation | 12 Feb 2026 |
| Share credit | 12 Feb 2026 |
| Listing date | 13 Feb 2026 |
| Mandate end date | 25 Feb 2026 |
| Lock-in end date for anchor investors (50%) | 13 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 12 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Biopol Chemicals
Biopol Chemicals Limited was incorporated in April 2023 and is headquartered in Ahmedabad, Gujarat. The Company was originally formed as a private limited entity and was subsequently converted into a public limited company in May 2024. It has taken over the business of United Chemical Company to consolidate operations and scale growth. The promoters of the Company are Mr Santanu Sarkar and Mr Vedant Sarkar. Biopol operates in the speciality chemicals segment, focusing on manufacturing, trading, and distribution. Its product portfolio includes silicones, emulsifiers, biochemicals, and polyelectrolytes, catering to applications across textiles, home care, agriculture, and industrial chemicals. The Company offers a diversified range of products designed to meet the specific functional requirements of institutional customers .The business follows a B2B model, serving clients through direct sales and a distributor network across domestic and select international markets. In addition to products, Biopol provides technical consultancy to support customer applications. Key strengths include a broad product range, application-driven solutions, promoter-led industry experience, and strong customer relationships in core end-use sectors.
Financials of Biopol Chemicals
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 31.26 |
| Fresh Issue – Proceeds go to the company | 31.26 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Acquisition of industrial land | 12.26 (39.23%) |
| Repayment/prepayment of borrowings | 11.1 (35.51%) |
| General corporate purposes | 7.9 (25.26%) |
Strengths
- Diversified speciality chemicals portfolio across silicones, biochemicals, emulsifiers, and polyelectrolytes.
- Strong presence in the textile chemicals segment with established institutional customers.
- Promoter-led company with domain experience and operational continuity from legacy business.
- B2B business model with repeat demand and technical consultancy support.
- Consistent revenue growth and profitability over recent financial periods.
Risks
- High dependence on the textile industry exposes revenue to sector cyclicality.
- Geographic concentration of revenue in West Bengal, Gujarat, and Bangladesh.
- Dependence on a limited number of raw material suppliers.
- First public issue with no prior listed market history for equity shares.
- Regulatory and environmental compliance risks inherent to chemical manufacturing.