Biopol Chemicals Ltd IPO

The IPO opens on 06 Feb 2026 & closes on 10 Feb 2026.

Biopol Chemicals Limited was originally incorporated on April 12, 2023 as 'Biopol Chemicals Private Limited' with the Registrar of Companies, Central Registration Centre. Subsequently, Company acquired the sole proprietorship firm of Mr. Santanu Sarkar i.e. 'M/s. United Chemical Company', pursuant to a Business Takeover Agreement dated September 25, 2023, effective from September 30, 2023. Thereafter, the status of the Company was changed to public limited Company and the name of Company was changed to 'Biopol Chemicals Limited' w.e.f. May 16, 2024. Company is engaged in the business of manufacturing and distribution of specialty chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolytes. 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. In addition, Company provides technical consultancy services to customers. Company operates on a business-to-business (B2B) model, catering to institutional clients rather than retail end-users. It conduct the business through a combination of direct sales and a network of distributors, o serve customers across both domestic and international markets. In the domestic market, sales are spread across several regions, including West Bengal, Gujarat, Maharashtra, Tamil Nadu and Karnataka. While exports have beeny focused on Bangladesh, which is a global hub for textiles and apparel manufacturing. Company is planning the IPO of 33,96,000 equity shares having face value of Rs 10 each through Fresh Issue.

Biopol Chemicals Ltd IPO will close on 10 Feb 2026.

<ul><li>Our Order Book.</li><li>Our Manufacturing Unit.</li><li>Quality Certification and Quality Assurance.</li><li>Strategic presence in Gujarat and West Bengal.</li><li>Experienced Promoter and Management Team.</li><li>Export operations in Bangladesh.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Santanu Sarkar</td> <td>6930500</td> <td>87.61</td> <td>6930500</td> <td>64.14</td> </tr> <tr> <td>2</td> <td>Vedant Sarkar</td> <td>180000</td> <td>2.28</td> <td>180000</td> <td>1.67</td> </tr> </tbody> </table>

<ul><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>The company's manufacturing unit situated in Kolkata, West Bengal is critical for its business and any disturbance, slowdown or shutdown of the company's Kolkata manufacturing unit, may have an adverse impact on its business, results of operations and financial conditions.</li><li>The company's revenue is derived from a combination of manufacturing, trading, and technical consultancy activities, and any disruption, decline, or inefficiency in any of these segments may materially and adversely affect its business, financial condition, results of operations, and cash flows.</li><li>Improper handling of its products or spoilage and damage to the company's products, could damage its reputation and may have an adverse effect on the company's business, results of operations and financial condition.</li><li>There are certain inadvertent errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.</li><li>Some of the members of its Promoter Group has an estranged relationship with one of the company's Promoters, therefore the company will not be able to obtain any details regarding these members of Promoter Group which are required to be disclosed in relation to Promoter Group under the SEBI ICDR Regulations in this Draft Red Herring Prospectus. The disclosures relating to these members of the Promoter Group has been included in this Draft Red Herring Prospectus based on information available in public domain. Accordingly, the company cannot assure you that the disclosures relating to such members of our Promoter Group are accurate, complete, or updated. Further, details in relation to Connected Persons which may qualify as a member of its Promoter Group have not been disclosed in this Draft Red Herring Prospectus.</li><li>Inventories and trade receivables form a major part of the company's current assets. Failures to manage its inventory and trade receivables could have an adverse effect on the company's ales, profitability, cash flow and liquidity, goodwill, business, financial condition and results of operations.</li><li>One of its Promoter Director Mr. Santanu Sarkar was disqualified in past for being Director Under Section 164 of the Companies Act, 2013 due to non-filing of Annual returns and financial statements of M/s. Subham Infracon Limited. where he was a Director.</li><li>The company operates in a highly competitive specialty chemicals industry. Any inability to compete effectively may lead to a loss of market share, reduced pricing power, or lower operating margins.</li><li>The company propose to deploy a part of the Net Proceeds towards the acquisition of industrial land and any delay or inability in such acquisition may adversely affect its business, financial condition, and prospects.</li><li>The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.</li><li>The company's trading activities are exposed to fluctuations in the prices and availability of traded goods, which may adversely impact its margins and profitability.</li><li>The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company's growth plans, operations and financial performance.</li><li>Within the parameters as mentioned in the chapter titled "Objects of the Issue" beginning on page 95 of this Draft Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution. Any variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval and all other applicable laws.</li><li>Dependence on third-party logistics for raw material procurement exposes it to risks of supply chain disruptions, delays, and increased costs, which could adversely affect its business, financial condition, results of operations, and cash flows.</li><li>There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.</li><li>The company's Promoters and members of Promoter Group have provided personal guarantees for loan facilities obtained by its Company, and any failures or default by our Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as the company's Promoters and their relatives and thereby, impact its business and operations.</li><li>The company's Company logo "biopol" is not registered with Registrar of Trademark and one of its application has been objected; any infringement of our brand name or failures to get it registered may adversely affect the company's business.</li><li>The company's current manufacturing process does not involve the use of restricted industrial chemicals. However, future expansion or diversification may require hazardous or flammable substances which could expose it to significant operational, regulatory, financial and reputational risks.</li><li>The company operates in chemical industry which is highly regulated sector and if the company fails to comply with the regulations prescribed by the authorities of the jurisdictions in which the company operates, the company's business, results of operations, cash flows and financial condition could be adversely affected.</li><li>The company is subject to strict quality requirements, and the acceptability of its products is largely dependent upon the company's quality controls and standards. Any failure to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.</li><li>The company's product portfolio is dependent on silicone-based products and its business may be adversely affected if any of these products do not continue to perform as expected or become obsolete or if competing products gain wider market acceptance. Further, if the company's competitors are able to improve the efficiency of their manufacturing processes and thereby offer their products at lower prices, the company's revenues and profitability may decline.</li><li>The company's business operations are dependent on current technology and processes, and any inability to upgrade or adapt to new industry developments may adversely affect its performance</li><li>The company's expansion plans, including the acquisition of industrial land in Gujarat, may expose it to operational, regulatory, and execution risks, and any delay or inability to complete the project as envisaged could adversely affect the company's business, results of operations, and financial condition.</li><li>The Company is not having any exact comparable Indian peer which have similar business to the Company.</li><li>The company's financing agreements contain covenants that limit its flexibility in operating our business. If the company is not in compliance with certain of these covenants and are unable to obtain waivers from the respective lenders, the company's lenders may accelerate the repayment schedules, and enforce their respective security interests, leading to a material adverse effect on its business and financial condition.</li><li>The Company has availed unsecured loans that may be recalled by the lenders on demand, Failures to repay unsecured loans in a timely manner may have a material adverse effect on its business, results of operation, financial condition and cash flow.</li><li>Failures or disruption of its IT may adversely affect the company's business, financial condition and results of operations.</li><li>The company's success largely depends upon the knowledge and experience of its Promoters, Directors, the company's Key Managerial Personnel and Senior Management as well as its ability to attract and retain them. Any loss of the company's Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them could adversely affect the company's business, financial condition and results of operations.</li><li>The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.</li><li>If the company is unable to establish and maintain an effective internal controls and compliance system, the company's business and reputation could be adversely affected.</li><li>The Company has limited operating history, which may affect assessment of its business and future prospects.</li><li>The company's insurance coverage may not adequately protect it against certain operating risks inherent in the chemicals manufacturing industry. Any uninsured loss or liability could adversely affect the company's business, financial condition, results of operations and cash flows.</li><li>Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.</li><li>The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.</li><li>Employee misconduct including misuse of confidential data and failures to maintain confidentiality of information could harm it and is difficult to detect and deter.</li><li>Availability of limited infrastructure and other facilities at the Registered Office of the Company.</li><li>Some of its Directors do not have experience of being a director of a public listed company.</li><li>Industry information included in this Draft Red Herring Prospectus has not been commissioned by the Company and has been sourced from third-party reports with requisite consents. There can be no assurance that such statistical, financial and other industry information is complete or accurate.</li><li>The company's Promoters, certain of its directors and key managerial personnel holds Equity Shares in the Company and are therefore interested in the Company's performance other than remuneration and reimbursement of expenses.</li><li>The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.</li><li>The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.</li><li>The may not be successful in implementing its business strategies, Failures to implement the company's business strategies would have a material adverse effect on its business and results of operations.</li><li>Any negative publicity or adverse public perception, whether substantiated or not, against the Company could have a material adverse effect on the company's financial condition, results of operations and business prospects.</li><li>The company's inability to manage growth could disrupt its business and reduce the company's profitability.</li><li>The Company's ability to pay dividends in the future will depend on the Company's future results of operations, financial condition, cash flows and working capital and capital expenditure requirements.</li><li>The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of our Company's financial condition.The company's failures to successfully adopt IFRS may have an adverse effect on the price of its Equity Shares. The proposed adoption of IFRS could result in the company's financial condition and results of operations appearing materially different than under Indian GAAP.</li><li>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.</li><li>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.</li><li>The Company is dependents 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.</li><li>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 the company to the risk of losing them or facing unfavourable commercial terms.</li><li>The company's expansion plans, including the acquisition of industrial land in Gujarat, may expose the company to operational, regulatory, and execution risks, and any delay or inability to complete the project as envisaged could adversely affect its business, results of operations, and financial condition.</li><li>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 company 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 the company's ability to retain these key customers. Loss of business from one or more of its major customers could materially reduce the company's revenue and profitability.</li><li>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.</li><li>The company's manufacturing unit situated in Kolkata, West Bengal is critical for its business and any disturbance, slowdown or shutdown of the company's Kolkata manufacturing unit, may have an adverse impact on its business, results of operations and financial conditions.</li><li>The company's revenue is derived from a combination of manufacturing, trading, and technical consultancy activities, and any disruption, decline, or inefficiency in any of these segments may materially and adversely affect its business, financial condition, results of operations, and cash flows.</li><li>Improper handling of its products or spoilage and damage to the company's products, could damage its reputation and may have an adverse effect on the company's business, results of operations and financial condition.</li><li>There are certain inadvertent errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.</li><li>Some of the members of its Promoter Group has an estranged relationship with one of the company's Promoters, therefore we will not be able to obtain any details regarding these members of Promoter Group which are required to be disclosed in relation to Promoter Group under the SEBI ICDR Regulations in this Red Herring Prospectus. The disclosures relating to these members of the Promoter Group has been included in this Red Herring Prospectus based on information available in public domain. Accordingly, the company cannot assure you that the disclosures relating to such members of its Promoter Group are accurate, complete, or updated. Further, details in relation to Connected Persons which may qualify as a member of the company's Promoter Group have not been disclosed in this Red Herring Prospectus.</li><li>Inventories and trade receivables form a major part of the company's current assets. Failures to manage our inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity, goodwill, business, financial condition and results of operations.</li><li>The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.</li><li>One of its Promoter Director Mr. Santanu Sarkar was disqualified in past for being Director Under Section 164 of the Companies Act, 2013 due to non-filing of Annual returns and financial statements of M/s. Subham Infracon Limited. where he was a Director.</li><li>The company operates in a highly competitive specialty chemicals industry. Any inability to compete effectively may lead to a loss of market share, reduced pricing power, or lower operating margins.</li><li>Geopolitical uncertainties and trade restrictions may affect the availability and pricing of critical raw materials for the Company.</li><li>The company proposes to deploy a part of the Net Proceeds towards the acquisition of industrial land and any delay or inability in such acquisition may adversely affect its business, financial condition, and prospects.</li><li>The company has certain outstanding litigation against us, an adverse outcome of which may adversely affect its business, reputation and results of operations.</li><li>The company's trading activities are exposed to fluctuations in the prices and availability of traded goods, which may adversely impact its margins and profitability.</li><li>There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.</li><li>Certain of its customers/entities share common addresses and/or are owned or managed by individuals having close personal or prior business relationships, which may expose the company to customer concentration, operational and reputational risks and could adversely affect its business, results of operations and financial condition.</li><li>The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company's growth plans, operations and financial performance.</li><li>The company's dependence on a single technology platform for manufacturing exposes the company to risks of obsolescence and inability to adapt to technological advancements</li><li>Within the parameters as mentioned in the chapter titled "Objects of the Issue" beginning on page 94 of this Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution. Any variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval and all other applicable laws.</li><li>Dependence on third-party logistics for raw material procurement exposes the company to risks of supply chain disruptions, delays, and increased costs, which could adversely affect its business, financial condition, results of operations, and cash flows.</li><li>Growing environmental, social, and governance (ESG) compliance requirements and sustainability expectations from stakeholders may necessitate significant additional investments and operational changes which could materially and adversely affect the company's business, financial condition, results of operations.</li><li>The company is subject to risks arising from foreign exchange fluctuations and delays in cross-border settlements could materially affect the Company's revenues and working capital.</li><li>The company's Promoters and members of Promoter Group have provided personal guarantees for loan facilities obtained by the Company, and any failure or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and their relatives and thereby, impact the company's business and operations.</li><li>Future implementation of carbon emission norms and energy transition regulations could increase its costs and require significant capital expenditure.</li><li>The Company logo "biopol" is not registered with Registrar of Trademark and one of our application has been objected; any infringement of our brand name or failures to get it registered may adversely affect its business.</li><li>The company's current manufacturing process does not involve the use of restricted industrial chemicals. However, future expansion or diversification may require hazardous or flammable substances which could expose the company to significant operational, regulatory, financial and reputational risks.</li><li>The company operates in chemical industry which is highly regulated sector and if the company fails to comply with the regulations prescribed by the authorities of the jurisdictions in which the company operates,the company's business, results of operations, cash flows and financial condition could be adversely affected.</li><li>Climate change, extreme weather events and the absence of a comprehensive business continuity or disaster recovery plan may disrupt its supply chain, logistics, and manufacturing operations, adversely affecting the company's business.</li><li>The company is subject to strict quality requirements, and the acceptability of its products is largely dependent upon the company's quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.</li><li>Increasing global requirements for compliance with restricted substance lists and brand standards may necessitate costly product reformulations and customer re-approvals for the Company.</li><li>The company's product portfolio is dependent on silicone-based products and its business may be adversely affected if any of these products do not continue to perform as expected or become obsolete or if competing products gain wider market acceptance. Further, if the company's competitors are able to improve the efficiency of their manufacturing processes and thereby offer their products at lower prices, the company's revenues and profitability may decline.</li><li>The company's business operations are dependent on current technology and processes, and any inability to upgrade or adapt to new industry developments may adversely affect its performance</li><li>Regulatory changes relating to agrochemical applications and seasonal variations in agricultural demand may adversely affect its product sales and business performance.</li><li>Future environmental taxes or carbon pricing mechanisms could increase the Company's operating costs and impact profitability.</li><li>The Company is not having any exact comparable Indian peer which have similar business to the Company.</li><li>The company's financing agreements contain covenants that limit its flexibility in operating the company's business. If the company is not in compliance with certain of these covenants and are unable to obtain waivers from the respective lenders, the company's lenders may accelerate the repayment schedules, and enforce their respective security interests, leading to a material adverse effect on its business and financial condition.</li><li>The Company has availed unsecured loans that may be recalled by the lenders on demand, Failure to repay unsecured loans in a timely manner may have a material adverse effect on its business, results of operation, financial condition and cash flow.</li><li>Failures or disruption of our IT may adversely affect the company's business, financial condition and results of operations.</li><li>The company's success largely depends upon the knowledge and experience of its Promoters, Directors, our Key Managerial Personnel and Senior Management as well as the company's ability to attract and retain them. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them could adversely affect the company's business, financial condition and results of operations.</li><li>The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.</li><li>If the company is unable to establish and maintain an effective internal controls and compliance system, our business and reputation could be adversely affected.</li><li>The Company has limited operating history, which may affect assessment of its business and future prospects.</li><li>The company's insurance coverage may not adequately protect the company against certain operating risks inherent in the chemicals manufacturing industry. Any uninsured loss or liability could adversely affect its business, financial condition, results of operations and cash flows.</li><li>Any increase in interest rates would have an adverse effect on the company's results of operations and will expose the Company to interest rate risks.</li><li>The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.</li><li>Employee misconduct including misuse of confidential data and failures to maintain confidentiality of information could harm the company and is difficult to detect and deter.</li><li>Availability of limited infrastructure and other facilities at the Registered Office of the Company.</li><li>Some of its Directors do not have experience of being a director of a public listed company.</li><li>Industry information included in this Red Herring Prospectus has not been commissioned by the Company and has been sourced from third-party reports with requisite consents. There can be no assurance that such statistical, financial and other industry information is complete or accurate.</li><li>The company's Promoters, certain of our directors and key managerial personnel holds Equity Shares in the Company and are therefore interested in the Company's performance other than remuneration and reimbursement of expenses.</li><li>The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.</li><li>The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.</li><li>The company may not be successful in implementing its business strategies, Failures to implement the company's business strategies would have a material adverse effect on its business and results of operations.</li><li>Any negative publicity or adverse public perception, whether substantiated or not, against the Company could have a material adverse effect on its financial condition, results of operations and business prospects.</li><li>The company's inability to manage growth could disrupt its business and reduce the company's profitability.</li><li>The Company's ability to pay dividends in the future will depend on the Company's future results of operations, financial condition, cash flows and working capital and capital expenditure requirements.</li><li>The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.</li><li>Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of our Company's financial condition. The company's failures to successfully adopt IFRS may have an adverse effect on the price of its Equity Shares. The proposed adoption of IFRS could result in the company's financial condition and results of operations appearing materially different than under Indian GAAP.</li><li>Subsequent to the listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.</li></ul>

The Issue type of Biopol Chemicals Ltd is Book Building - SME.

The minimum application for shares of Biopol Chemicals Ltd is 2400.

The total shares issue of Biopol Chemicals Ltd is 2894400.

Initial public offer of up to 28,94,400 equity shares of face value of Rs.10/- each (the "Equity Shares") of Biopol Chemicals Limited ("the Company" or "Biopol" or "the Issuer") for cash at a price of Rs. 108 per equity share including a share premium of Rs. 98 per equity share (the "Issue Price") aggregating to Rs. 31.26 crores ("the Issue"), of which up to 1,51,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 108 per equity share including a share premium of Rs. 98 per equity share aggregating to Rs. 1.63 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of up to 27,43,200 equity shares of face value of Rs. 10/- each at a price of Rs. 108 per equity share including a share premium of Rs. 98 per equity share aggregating to Rs. 29.63 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.79% and 25.39% respectively of the post issue paid up equity share capital of the company. The company, in consultation with the brlm, may consider issuing 3,50,400 equity shares as a pre-ipo placement by the company for an aggregate amount up to Rs. [*]. The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue and the proceeds of the pre-ipo placement shall be utilized towards general corporate purposes proceeds. prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs. 102/- to Rs. 108/- per equity share of face value of Rs. 10/- each. The floor price is 10.2 times the face value of the equity shares and cap price is 10.8 times of the face value of the equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.