New Delhi, Feb. 6 -- The initial public offering (IPO) of Biopol Chemicals opened for public subscription on Friday, February 6. The NSE SME IPO is a book build issue of 28,94,400 shares, and there is no offer for sale (OFS).

Biopol Chemicals trades, manufactures and distributes speciality chemicals under the categories of silicones, emulsifiers, biochemicals and polyelectrolytes.

According to grey market sources, the GMP of Biopol Chemicals shares was nil on Friday. This indicates the SME stock could list at par with the issue price on the NSE SME.

By 12:10 pm on Friday, the SME IPO had seen an overall subscription of nearly 40%, with the retail portion booked at 36%, and the segment reserved for NIIs subscribed to 4%.

1. Biopol Chem...