Biopol Chemicals IPO

Established in 2023, Biopol Chemicals is engaged in the business of trading, manufacturing, and distribution of speciality chemicals across different categories like silicones, emulsifiers, biochemicals, and polyelectrolytes. The company has a B2B model, and its main customers include institutional clients from the sectors of textiles, homecare, agriculture, and industrial chemicals. The company has a product range of 66 items (40 silicone-based, 5 emulsifier-based, 15 biochemical, and 6 polyelectrolyte products) and also offers technical consulting services to the customers.

The company runs a manufacturing unit in Kolkata (West Bengal) with an installed capacity of 18.25 lakh litres per year. The unit had a 93.59% capacity utilisation in FY25 as it produced 17.08 lakh litres. On February 23, 2024, the company installed a new reactor vessel with a capacity of 7.30 lakh litres. West Bengal and Gujarat remain its main markets, significantly contributing to a high percentage (87.86%) of the company's total revenues in 9MFY26.

The chemicals used in textiles constitute the biggest segment at 62.71% (9MFY26), followed by home care at 18.78%, industrial chemicals at 15.46%, and agriculture at 3.04%. The company's operations are 67.27% manufacturing and 32.73% trading by value in 9MFY26. As of 16th January 2026, the company has confirmed orders worth ₹13.30 crore, with the orders having a lead time of 1 to 3 months. The customer base expanded from 85 customers in FY23 to 159 in FY25, with repeated customers contributing 89.55% of revenues in 9MFY26.