Comparison between Manas Polymers IPO and Virtual Galaxy Infotech IPO.
Manas Polymers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Virtual Galaxy Infotech IPO is a SME Bookbuilding proposed to list at NSE SME.
The total issue size of Manas Polymers IPO is up to ₹22.33 Cr whereas the issue size of the Virtual Galaxy Infotech IPO is up to ₹88.52 Cr. The final issue price of Manas Polymers IPO is ₹81.00 per share and of Virtual Galaxy Infotech IPO is ₹142.00 per share.
| Manas Polymers IPO | Virtual Galaxy Infotech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹76.00 per share | ₹135.00 per share |
| Issue Price (Upper) | ₹81.00 per share | ₹142.00 per share |
| Issue Price (Final) | ₹81.00 per share | ₹142.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 27,56,800 shares | 62,34,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.33 Cr | up to ₹88.52 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 27,56,800 shares | 62,34,000 shares |
| Issue Size Total (Amount) | up to ₹22.33 Cr | up to ₹88.52 Cr |
Manas Polymers IPO opens on Sep 26, 2025, while Virtual Galaxy Infotech IPO opens on May 09, 2025. The closing date of Manas Polymers IPO and Virtual Galaxy Infotech IPO is Sep 30, 2025, and May 14, 2025, respectively.
| Manas Polymers IPO | Virtual Galaxy Infotech IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2025 | May 08, 2025 |
| Issue Open | Sep 26, 2025 | May 09, 2025 |
| Issue Close | Sep 30, 2025 | May 14, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | May 15, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | May 16, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | May 16, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | May 19, 2025 |
| Anchor Lockin End date 1 | Oct 31, 2025 | Jun 14, 2025 |
| Anchor Lockin End date 2 | Dec 30, 2025 | Aug 13, 2025 |
Manas Polymers IPO P/E ratio is 9.19, as compared to Virtual Galaxy Infotech IPO P/E ratio of 15.71.
| Manas Polymers IPO | Virtual Galaxy Infotech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 99.95 | 87.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.62 | 64.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.19 | 15.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹62.99 Cr. | ₹353.13 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 53.10 | 53.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.82 | 31.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.05 | 0.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.81 | ₹9.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 53.10 | 39.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Manas Polymers IPO Retail Individual Investors (RII) are offered 17,92,000 shares while in Virtual Galaxy Infotech IPO retail investors are offered 17,92,000 shares. Qualified Institutional Buyers (QIB) are offered 2,78,400 shares in Manas Polymers IPO and 12,44,000 shares in Virtual Galaxy Infotech IPO.
| Manas Polymers IPO | Virtual Galaxy Infotech IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 18,40,000 shares |
| Market Maker Reservation | 1,47,200 shares | 3,36,000 shares |
| QIB | 2,78,400 shares | 12,44,000 shares |
| NII | 6,86,400 shares | 9,50,000 shares |
| RII | 17,92,000 shares | 22,00,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 27,56,800 shares | 62,34,000 shares |
Manas Polymers IPO subscribed 1.24x in total, whereas Virtual Galaxy Infotech IPO subscribed 231.45x.
| Manas Polymers IPO | Virtual Galaxy Infotech IPO | |
|---|---|---|
| QIB (times) | 6.66x | 129.72x |
| NII (times) | 1.78x | 590.27x |
| Big NII (times) | 2.40x | |
| Small NII (times) | 0.55x | |
| RII (times) | 0.19x | 134.03x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.24x | 231.45x |
