Manas Polymers IPO vs Neetu Yoshi IPO

Comparison between Manas Polymers IPO and Neetu Yoshi IPO.

IPO Details

Manas Polymers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Neetu Yoshi IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Manas Polymers IPO is up to ₹22.33 Cr whereas the issue size of the Neetu Yoshi IPO is up to ₹73.14 Cr. The final issue price of Manas Polymers IPO is ₹81.00 per share and of Neetu Yoshi IPO is ₹75.00 per share.

 Manas Polymers IPONeetu Yoshi IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹76.00 per share₹71.00 per share
Issue Price (Upper)₹81.00 per share₹75.00 per share
Issue Price (Final)₹81.00 per share₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size27,56,800 shares97,52,000 shares
Fresh Issue Size (Amount)up to ₹22.33 Crup to ₹73.14 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,56,800 shares97,52,000 shares
Issue Size Total (Amount)up to ₹22.33 Crup to ₹73.14 Cr

IPO Timetable

Manas Polymers IPO opens on Sep 26, 2025, while Neetu Yoshi IPO opens on Jun 27, 2025. The closing date of Manas Polymers IPO and Neetu Yoshi IPO is Sep 30, 2025, and Jul 01, 2025, respectively.

 Manas Polymers IPONeetu Yoshi IPO
Anchor Bid DateSep 25, 2025Jun 26, 2025
Issue OpenSep 26, 2025Jun 27, 2025
Issue CloseSep 30, 2025Jul 01, 2025
Basis Of Allotment (Tentative)Oct 01, 2025Jul 02, 2025
Initiation of Refunds (Tentative)Oct 03, 2025Jul 03, 2025
Credit of Share (Tentative)Oct 03, 2025Jul 03, 2025
Listing date (Tentative)Oct 06, 2025Jul 04, 2025
Anchor Lockin End date 1Oct 31, 2025Aug 03, 2025
Anchor Lockin End date 2Dec 30, 2025Oct 05, 2025

Financials & KPIs

Manas Polymers IPO P/E ratio is 9.19, as compared to Neetu Yoshi IPO P/E ratio of 17.02.

 Manas Polymers IPONeetu Yoshi IPO
Financials

Company Financials (Restated Standalone)

Manas Polymers & Energies Ltd.'s revenue increased by 65% and profit after tax (PAT) rose by 152% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets29.6120.6214.72
Total Income33.0620.0920.36
Profit After Tax4.291.700.79
EBITDA5.763.582.51
NET Worth10.235.943.42
Reserves and Surplus5.361.072.00
Total Borrowing10.7121.719.19
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets53.1638.5014.633.08
Total Income51.4747.4516.334.63
Profit After Tax11.9912.580.420.07
EBITDA16.8517.191.210.17
NET Worth40.1419.745.572.69
Reserves and Surplus15.863.292.55
Total Borrowing8.4017.398.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9595.23
Promoter Shareholding (Post-Issue)62.6270.03
P/E Ratio9.1917.02
Market Cap₹62.99 Cr.₹291.09 Cr.
ROE53.10
ROCE22.8243.74
Debt/Equity1.050.88
EPS₹8.81₹4.41
RoNW53.1099.20

Shares Offered

In the Manas Polymers IPO Retail Individual Investors (RII) are offered 17,92,000 shares while in Neetu Yoshi IPO retail investors are offered 17,92,000 shares. Qualified Institutional Buyers (QIB) are offered 2,78,400 shares in Manas Polymers IPO and 19,52,000 shares in Neetu Yoshi IPO.

 Manas Polymers IPONeetu Yoshi IPO
Anchor Investor Reservation0 shares29,20,000 shares
Market Maker Reservation1,47,200 shares5,20,000 shares
QIB2,78,400 shares19,52,000 shares
NII6,86,400 shares14,65,600 shares
RII17,92,000 shares34,14,400 shares
Employee0 shares
Others
Total27,56,800 shares97,52,000 shares

Bids Received (Subscription)

Manas Polymers IPO subscribed 1.24x in total, whereas Neetu Yoshi IPO subscribed 128.18x.

 Manas Polymers IPONeetu Yoshi IPO
QIB (times)6.66x96.36x
NII (times)1.78x256.69x
Big NII (times)2.40x
Small NII (times)0.55x
RII (times)0.19x91.21x
Employee (times)
Other (times)
Total (times)1.24x128.18x

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