IPO Details
Bidding Dates
26 Sep '25 - 30 Sep '25
Minimum Investment
₹2,59,200/2 Lots (3,200 Shares)
Price Range
₹76 to ₹81 per share
Maximum Investment
₹2,59,200/2 Lots (3,200 Shares)
Retail Discount
To be announced
Issue Size
₹23.52 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyer (QIB) |Manas Polymers & Energies Ltd. IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Sep 26, 25
IPO Close Date
Sep 30, 25
Cut-off Time for UPI Mandate Confirmation
Sep 30, 25
Tentative Allotment Date
Oct 01, 25
Initiation of Refunds
Oct 03, 25
Credit of Shares to Demat
Oct 03, 25
Tentative Listing Date
Oct 06, 25
About Manas Polymers & Energies Ltd. IPO
Manas Polymers is set to launch its IPO with a fresh issue of shares worth ₹23.52 crores. The company is offering 0.29 crore new shares through this book-building issue. The IPO opens for subscription on September 26, 2025, and will remain open until September 30, 2025.
The allotment process for Manaas Polymers & Energies Ltd is expected to conclude by October 1, 2025, with the shares tentatively scheduled to list on the NSE SME platform on October 6, 2025.
The price band for the Manas Polymers IPO is fixed between ₹76.00 and ₹81.00 per share. For retail investors, the minimum lot size is 1,600 shares, translating to a minimum investment of ₹2,59,200 at the upper price limit. High Net Worth Individuals (HNIs) are required to apply for at least 3 lots, which is 4,800 shares, amounting to a minimum investment of ₹3,88,800.
This IPO presents an opportunity for investors to participate in the growth of Manas Polymers, with a relatively modest issue size and clear subscription timelines, targeting a listing on the SME exchange for enhanced visibility and trading.
Manas Polymers & Energies Ltd. IPO Objectives
- The company plans to utilise ₹1,150.00 lakhs from net proceeds to fund the setup of a solar power plant. The company aims to generate and sell renewable energy to external customers.
- It will further use ₹250.00 lakhs to purchase new machinery and expand manufacturing capacity. The proposed investment includes PET injection molding machines, water chillers, PET dryers, and automated loaders to meet higher demand and improve production efficiency, especially during peak demand periods.
- It will use the remaining net proceeds for general corporate purposes, within the 25% limit set by SEBI regulations. This may include operating expenses, brand building, loan repayment, and other strategic needs.
About Manas Polymers & Energies Ltd.
Manas Polymers & Energies Ltd. makes food-safe PET bottles, jars, and caps. These are mainly used in the packaging industry, especially for food and drinks. The company is also involved in renewable energy as a power producer, but most of its business still comes from making PET packaging products.
As of June 30, 2024, nearly 98% of the company’s revenue came from the PET segment, and only about 2% came from renewable energy. This has been the trend for the past few years, showing that PET packaging is the main focus. Although revenue dropped a bit in 2024, the overall business mix stayed the same.
Most of the company’s income comes from a few key customers. The top 10 customers made up over 60% of total revenue, with the top customer alone bringing in almost 15%. This shows strong client relationships but also means the company relies heavily on a small group of buyers.
Industry Outlook
- The Government of India is promoting the use of plastics in road construction under PMGSY, with ADB funding over US$ 2.31 billion for 22,000+ km of roads, enhancing durability and sustainability.
- India exported plastic products worth US$ 6.69 billion from April to September 2022, showing strong international demand.
- The India Plastics Pact aims to eliminate all unnecessary plastic waste and ensure 100% of plastic packaging is reusable, recyclable, or compostable by 2030. This will help in increasing the demand for plastics.
How To Apply for the Manas Polymers & Energies Ltd. IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Manas Polymers & Energies Ltd. IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Manas Polymers & Energies Ltd. IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Manas Polymers & Energies Ltd. IPO
Registered office: Plot No. 3, Baraghata, Industrial Area, Jhansi Road, Lashkar, Gird, Gwalior, Madhya Pradesh, 474001
Phone: +917512991115
E-mail:cs@manaspolymers.com
Manas Polymers & Energies Ltd. IPO Reservation
|
Investor Category |
Shares Offered |
|
Qualified Institutional Buyers |
Not more than 10.10% of the Net Issue |
|
Retail Investors |
Not less than 65% of the Net Issue |
|
Non-Institutional Investors |
Not more than 24.90% of the Net Issue |
Manas Polymers & Energies Ltd. IPO Lot Size Details
|
Application Category |
Lots |
Shares |
Amount (₹) |
|
Individual Investors (Retail) (Min) |
2 |
3,200 |
2,59,200 |
|
Individual Investors (Retail) (Max) |
2 |
3,200 |
2,59,200 |
|
S-HNI (Min) |
3 |
4,800 |
3,88,800 |
|
S-HNI (Max) |
7 |
11,200 |
9,07,200 |
|
B-HNI (Min) |
8 |
12,800 |
10,36,800 |
Manas Polymers & Energies Ltd. IPO Promoter Holding
The promoters of Manas Polymers & Energies Ltd. are Anju Bhadauria and Vineet Bhadauria.
|
Description |
Percentage Holding |
|
Promoter Holding (Pre-Issue) |
100% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Manas Polymers & Energies Ltd. IPO
|
Particulars |
For the Period Ended June 30, 2024 |
Fiscal 2024 |
|
Total Income (₹ Cr.) |
869.29 |
2,008.78 |
|
EBITDA (₹ Cr.) |
169.69 |
357.56 |
|
PAT Margin (%) |
13.54% |
9.76% |
|
Interest Coverage Ratio (x) |
4.65 |
3.23 |
|
Days Working Capital (Days) |
175.55 |
41.36 |
Manas Polymers & Energies Ltd. IPO Prospectus
Manas Polymers & Energies Ltd. IPO Registrar and Lead Managers
Manas Polymers & Energies Ltd. IPO Lead Managers
- Expert Global Consultants Pvt. Ltd.
Registrar for Manas Polymers & Energies Ltd. IPO
Purva Sharegistry (India) Pvt. Ltd.
- Contact Number: +91-022-23018261/23016761
- Email Address: newissue@purvashare.com
Manas Polymers & Energies Ltd. IPO Registrar website: https://www.purvashare.com/investor-service/ipo-query
Financial Performance of Manas Polymers & Energies Ltd.
| Metrics | From April 1, 2024 to June 30, 2024 | From January 25, 2024 to March 31, 2024 |
|---|---|---|
| Revenue From Operations (₹ Lakhs) | 849.94 | 475.52 |
| EBITDA Margin (%) | 19.96 | 18.59 |
| Profit After Tax (₹ Lakhs) | 117.77 | 79.23 |
| Return on Capital Employed (%) | 7.90 | 5.95 |
| Debt-Equity Ratio (times) | 1.48 | 2.02 |
Know before investing
Strengths
5-
Scalable model driven by in-house facilities, expanding markets, and consistent product quality.
-
Experienced management led by promoters with industry expertise and operational excellence.
-
Bulk procurement of LDPE and HDPE from trusted suppliers ensures quality and timeliness.
-
Quality Division conducts strict inspections, matching regulatory standards at all manufacturing stages.
-
Strong client base with repeat orders supports smooth operations and business growth.
Risks
5-
Dependent on few suppliers; top 10 accounted for 97%-99% raw material purchases.
-
Top 10 customers contributed 58%-67% revenue, risking significant impact if lost.
-
Past filing errors with RoC may lead to penalties and regulatory scrutiny risks.
-
Non-renewal of licenses could disrupt operations and hurt financial performance significantly.
-
Trademark registration pending; opposition may affect brand protection and future profitability.
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Manas Polymers & Energies Ltd. Peer Comparison
| Metrics | Mitsu Chem Plast Limited | Technopack Polymers Limited |
|---|---|---|
| Market Capitalisation (₹ Cr.) | 142 | 21.87 |
| Total Revenue (₹ Cr.) | 332.88 | 17.45 |
| Return on Equity (ROE) (%) | 7.47 | 8.60 |
| Return on Capital Employed (ROCE) (%) | 14.74 | 13.47 |
| Debt to Equity Ratio (x) | 0.71 | 0.15 |
Manas Polymers & Energies Ltd. IPO FAQs
Manas Polymers & Energies Ltd. is launching an SME IPO via a book-building process to raise ₹23.52 crores by issuing fresh shares.
The IPO aims to raise ₹23.52 crores through the fresh issuance of equity shares.
The IPO opens on September 26, 2025, and closes on September 30, 2025.
The basis of allotment is expected to be finalised on October 1, 2025.
The lot size is 1,600 shares. Retail investors must apply for a minimum of 2 lots (3,200 shares), amounting to an investment of ₹2,59,200 at the upper price band.
The IPO is expected to be listed on the NSE SME platform on October 6, 2025.
Listing gains cannot be predicted in advance. They depend on market demand, subscription levels, and overall investor sentiment on the listing day.
You’ll receive a notification once your order is successfully submitted to the exchange after bidding begins.
The registrar is Purva Sharegistry (India) Pvt. Ltd., responsible for allotment and investor grievance handling.
The IPO will be listed on the NSE SME platform.
