Biopol Chemicals Ltd IPO: The speciality chemicals sector is seeing a new entrant as Biopol Chemicals Limited prepares for its Initial Public Offering (IPO) on February 6, 2026. Based in Ahmedabad and operating primarily out of West Bengal, the company is tapping into the SME segment to fund its expansion into Gujarat.
In this guide, we provide a deep dive into the Biopol Chemicals IPO, covering the price band, current Grey Market Premium (GMP), and a detailed “Apply or Avoid” review.
Biopol Chemicals IPO Overview
| Feature | Details |
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | ₹31.26 Crores |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt Ltd |
IPO Timeline: Key Dates for Investors
Staying aware of the timeline is crucial for managing your UPI mandate and checking for credits.
- IPO Open Date: February 6, 2026
- IPO Close Date: February 10, 2026
- Basis of Allotment: February 11, 2026
- Initiation of Refunds: February 12, 2026
- Credit of Shares to Demat: February 12, 2026
- Listing Date: February 13, 2026
Biopol Chemicals IPO GMP Today (Grey Market Premium)
The Grey Market Premium (GMP) reflects the unofficial demand for the IPO before it lists.
Current Status: As of today, the Biopol Chemicals IPO GMP is trading at ₹0 (Flat).
While the grey market is currently quiet, investors should monitor the subscription levels. In the SME segment, a sudden surge in the NII (HNI) category often triggers a late-stage spike in GMP.
Lot Size & Investment Requirement
As an SME IPO, the minimum investment is higher than Mainboard issues. Retail investors must apply for 2 lots.
- Retail (Min): 2 Lots (2,400 Shares) | ₹2,59,200
- S-HNI (Min): 3 Lots (3,600 Shares) | ₹3,88,800
- B-HNI (Min): 8 Lots (9,600 Shares) | ₹10,36,800
Company Financials & Performance
Biopol Chemicals specializes in silicones, emulsifiers, and biochemicals, catering to industries like textiles and agriculture. Their growth over the last two fiscal years has been noteworthy:
- Revenue (FY25): ₹49.15 Crore (Up from ₹17.43 Crore in FY24)
- Profit After Tax (FY25): ₹4.33 Crore
- Order Book: ₹13.31 Crore (as of Jan 2026)
- P/E Ratio: 14.58x (Post-IPO basis)
Strengths:
- Strong Return on Equity (ROE) of 38.10%.
- Diversified portfolio of 66 specialty chemical products.
- ZDHLC Level 3.0 and ISO certifications ensuring global quality standards.
Expert Review: Should You Subscribe?
Verdict: Positive for Medium to Long Term
Biopol Chemicals is priced attractively with a post-issue P/E of 14.58x, which is lower than industry peers like Rossari Biotech (~21x) and Fineotex Chemical (~24x). However, the company faces high geographical concentration (revenue mostly from West Bengal and Gujarat) and significant sector dependence on the textile industry.
Risk Note: The SME market is volatile. Investors should only park surplus funds and avoid using leverage for this issue.
How to Check Biopol Chemicals IPO Allotment Status
The allotment is scheduled for February 11, 2026. You can check your application status on the registrar’s portal:
- Visit the Bigshare Services Allotment Page.
- Select “Biopol Chemicals Limited” from the list of IPOs.
- Enter your PAN Number, Application Number, or DP Client ID.
- Solve the captcha and click Search.
Disclaimer: Investment in the stock market and IPOs involves risk. Please consult a SEBI-registered financial advisor before making any investment decisions.
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