Manas Polymers IPO had been a book-built IPO to raise ₹23.52 crore by issuing 0.29 crore new shares. The IPO has closed today, on September 30, 2025. The price band had been fixed between ₹76 and ₹81 per share.
Retail investors had applied for a minimum of 1,600 shares, translating to an investment of ₹2,59,200 at the upper price band, while High Net Worth Individuals (HNIs) had applied for at least 4,800 shares, amounting to ₹3,88,800.
The allotment process is expected to conclude by October 1, 2025, and shares are likely to list on the NSE SME platform around October 6. Subscription trends indicate strong demand from institutional investors, with QIBs subscribed at 6.66x, bNII at 2.40x, and retail investors seeing modest participation at 0.19x, reflecting heightened interest from qualified investors.
Manas Polymers had launched a book-built IPO to raise ₹23.52 crore by issuing 0.29 crore new shares. The IPO has closed today, on September 30, 2025, with a price band of ₹76–₹81 per share. Retail investors had applied for a minimum of 1,600 shares.
The allotment is expected to be finalised by October 1, 2025, with listing on the NSE SME platform around October 6. Subscription data shows strong demand, with QIBs heavily subscribed at 6.66x and retail participation modest at 0.19x, reflecting high institutional interest.
The table below breaks down the Manas Polymers & Energies share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category | Shares Offered | Size (%) |
| Market Maker | 1,47,200 | 5.07 |
| QIB | 2,78,400 | 9.59 |
| NII | 6,86,400 | 23.64 |
| -bNII (bids above ₹10L) | 4,56,000 | 15.70 |
| -sNII (bids below ₹10L) | 2,30,400 | 7.93 |
| Retail | 17,92,000 | 61.71 |
| Total | 29,04,000 | 100 |
| Category | Subscribed (x) |
| QIB (Ex Anchor) | 6.66 |
| NII | 1.78 |
| -bNII (>10L) | 2.40 |
| -sNII (<10L) | 0.55 |
| Individual Investors | 0.19 |
| Total | 1.24 |
Note: The subscription details are as of September 30, 2025
Manas Polymers & Energies Ltd. manufactures food-grade PET bottles, jars, and caps, primarily catering to the packaging sector, especially for food and beverage products. While the company also operates in renewable energy as a power producer, the majority of its revenue comes from PET packaging.
As of June 30, 2024, around 98% of its revenue was generated from the PET segment, with only 2% coming from renewable energy, a pattern that has remained consistent over the past few years. Although overall revenue saw a slight decline in 2024, the business composition remained largely unchanged.
The company earns most of its income from a limited set of clients. Its top 10 customers contribute over 60% of total revenue, with the largest customer alone accounting for nearly 15%, indicating strong client ties but high dependence on a few key buyers.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 30, 2025, 6:06 PM IST
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