Manas Polymers IPO vs Sawaliya Foods Products IPO

Comparison between Manas Polymers IPO and Sawaliya Foods Products IPO.

IPO Details

Manas Polymers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sawaliya Foods Products IPO is a SME Bookbuilding proposed to list at NSE 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 Sawaliya Foods Products IPO is up to ₹33.08 Cr. The final issue price of Manas Polymers IPO is ₹81.00 per share and of Sawaliya Foods Products IPO is ₹120.00 per share.

 Manas Polymers IPOSawaliya Foods Products IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹76.00 per share₹114.00 per share
Issue Price (Upper)₹81.00 per share₹120.00 per share
Issue Price (Final)₹81.00 per share₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size27,56,800 shares24,56,400 shares
Fresh Issue Size (Amount)up to ₹22.33 Crup to ₹29.48 Cr
OFS Issue Size0 shares3,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.60 Cr
Issue Size Total27,56,800 shares27,56,400 shares
Issue Size Total (Amount)up to ₹22.33 Crup to ₹33.08 Cr

IPO Timetable

Manas Polymers IPO opens on Sep 26, 2025, while Sawaliya Foods Products IPO opens on Aug 07, 2025. The closing date of Manas Polymers IPO and Sawaliya Foods Products IPO is Sep 30, 2025, and Aug 11, 2025, respectively.

 Manas Polymers IPOSawaliya Foods Products IPO
Anchor Bid DateSep 25, 2025Aug 06, 2025
Issue OpenSep 26, 2025Aug 07, 2025
Issue CloseSep 30, 2025Aug 11, 2025
Basis Of Allotment (Tentative)Oct 01, 2025Aug 12, 2025
Initiation of Refunds (Tentative)Oct 03, 2025Aug 13, 2025
Credit of Share (Tentative)Oct 03, 2025Aug 13, 2025
Listing date (Tentative)Oct 06, 2025Aug 14, 2025
Anchor Lockin End date 1Oct 31, 2025Sep 11, 2025
Anchor Lockin End date 2Dec 30, 2025Nov 10, 2025

Financials & KPIs

Manas Polymers IPO P/E ratio is 9.19, as compared to Sawaliya Foods Products IPO P/E ratio of 12.64.

 Manas Polymers IPOSawaliya Foods Products 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)

Sawaliya Foods Products Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 123% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets46.2625.4020.04
Total Income34.3423.6715.30
Profit After Tax6.953.120.59
EBITDA12.226.121.69
NET Worth12.655.702.58
Reserves and Surplus5.335.582.46
Total Borrowing22.4912.9313.36
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9596
Promoter Shareholding (Post-Issue)62.6267.78
P/E Ratio9.1912.64
Market Cap₹62.99 Cr.₹119.02 Cr.
ROE53.1075.70
ROCE22.8248.96
Debt/Equity1.051.78
EPS₹8.81₹9.49
RoNW53.1054.91

Shares Offered

In the Manas Polymers IPO Retail Individual Investors (RII) are offered 17,92,000 shares while in Sawaliya Foods Products IPO retail investors are offered 17,92,000 shares. Qualified Institutional Buyers (QIB) are offered 2,78,400 shares in Manas Polymers IPO and 5,50,800 shares in Sawaliya Foods Products IPO.

 Manas Polymers IPOSawaliya Foods Products IPO
Anchor Investor Reservation0 shares8,19,600 shares
Market Maker Reservation1,47,200 shares1,46,400 shares
QIB2,78,400 shares5,50,800 shares
NII6,86,400 shares4,21,200 shares
RII17,92,000 shares9,64,800 shares
Employee0 shares0 shares
Others
Total27,56,800 shares27,56,400 shares

Bids Received (Subscription)

Manas Polymers IPO subscribed 1.24x in total, whereas Sawaliya Foods Products IPO subscribed 13.32x.

 Manas Polymers IPOSawaliya Foods Products IPO
QIB (times)6.66x15.83x
NII (times)1.78x20.11x
Big NII (times)2.40x23.90x
Small NII (times)0.55x12.52x
RII (times)0.19x8.92x
Employee (times)
Other (times)
Total (times)1.24x13.32x

Compare with others

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Manas Polymers IPO Vs Sawaliya Foods Products IPO