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₹108 - 108
Biopol Chemicals Ltd
ChemicalsIPOSME
₹108 - 108
Our Company is engaged in the business of trading, manufacturing and distribution of specialty chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolytes. Our product portfolio consists of 66 products which comprises of 40 silicone-based products, 5 emulsifier-based products, 15 biochemical products and 6 polyelectrolyte products. These products are used in applications across various industry segments, including softeners, emulsions and hardeners for textiles; silicone fluids and cleaning chemicals for home care; silicone adjuvants and surfactants in agriculture; and release agents in industrial chemicals.
Lot1,200Min Invest₹2,59,200Face Value₹10Issue Size₹31 CrFresh Issue₹31 CrListing Price₹111CMP₹42
Timeline
6 Feb
Bidding opens
10 Feb
Bidding closes
11 Feb
Allotment
11-12 Feb
Refund & demat credit
13 Feb
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹31 Cr0.29 Cr shares
Fresh Issue₹31 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 25.02% · NII 39.9% · RETAIL 35.08%
Application Sizes
Retail₹2,59,2001-1 lots
sNII₹2,59,200from 2 lots
bNII₹10,36,800from 8 lots
Managers & Registrar
Lead ManagerSmart Horizon Capital Advisors Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group89.89%65.81%Public10.11%34.19%
Objects of the Issue
- Acquisition of industrial land
- Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 25 | 49 | 81 |
| Operating ProfitCr | 4 | 6 | 13 |
| OPM% | 17.4 | 13.2 | 16.6 |
| PBTCr | 4 | 6 | 12 |
| PATCr | 3 | 4 | 9 |
| EPS | 4 | 5 | 11 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 8 | 8 | 11 |
| ReservesCr | 1 | 6 | 39 |
| BorrowingsCr | 4 | 8 | 8 |
| Fixed AssetsCr | - | - | 14 |
| Total AssetsCr | 18 | 32 | 70 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | -6 | -2 | -13 |
| Investing Cash FlowCr | -1 | 0 | -15 |
| Financing Cash FlowCr | 7 | 4 | 27 |
| Net Cash FlowCr | 0 | 1 | -1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Our Order Book.
- Our Manufacturing Unit.
- Quality Certification and Quality Assurance.
- Strategic presence in Gujarat and West Bengal.
- Experienced Promoter and Management Team.
- Export operations in Bangladesh.
Strategies · as stated in the DRHP
- Purchase of an industrial land and expansion of geographical presence in the state of Gujarat.
- Reduce debt levels and improve Debt to Equity Ratio.
- Maintaining cordial relationships with our suppliers and employees
- Expansion of customer base.
- Participation in upcoming exhibitions for product awareness.
Risks · as stated in the DRHP
- The company's speciality chemicals are used in the textile segment and its business is significantly dependent on the textile industry. Any adverse developments in that industry may materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- A significant portion of its revenue is derived from customers located in West Bengal, Gujarat and Bangladesh. Any adverse developments in these regions may materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- The Company is dependent on a limited number of suppliers for the procurement of critical raw materials. The loss of any of these suppliers or disruption in supply may materially and adversely affect its business operations, financial condition, results of operations and cash flows.
- The company's revenue is derived through a combination of direct sales and distributor-driven sales, and any disruption or inefficiency in either channel may materially and adversely affect its business, financial condition, results of operations and cash flows. Additionally, we do not have long-term agreements with certain distributors, which exposes it to the risk of losing them or facing unfavourable commercial terms.
- The company depends on a limited number of key customers for a substantial portion of its revenue and any loss of, or reduction in business from such customers could materially and adversely affect the company's business, results of operations, cash flows and financial condition. The company does not have any agreements with these customers for repeat business, and the comoany cannot assure that the company will generate the same quantum of business, or any business at all, from them. Any decline in the quality of its products or services, growing competition, changes in customer preferences, or a shift by customers to other suppliers could adversely affect our ability to retain these key customers. Loss of business from one or more of our major customers could materially reduce the company's revenue and profitability.
- The company operates business premises from leased properties and do not hold ownership rights in such properties. All lease and rental agreements entered into for these properties are not registered. Any termination, non-renewal, or unfavourable revision of lease terms or any limitations arising from the unregistered nature of these agreements, may materially and adversely affect its business, operations, financial condition, results of operations, and cash flows.