Bookbuilding IPO | ₹24 Cr | Listed at NSE SME | Fri, Sep 26, 2025 - Tue, Sep 30, 2025
Manas Polymers IPO is a book build issue of ₹23.52 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹23.52 crore.
Manas Polymers IPO bidding started from Sep 26, 2025 and ended on Sep 30, 2025. The allotment for Manas Polymers IPO was finalized on Oct 1, 2025. The shares got listed on NSE SME on Oct 6, 2025.
Manas Polymers IPO price band is set at ₹81 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,88,800.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue.
Refer to Manas Polymers IPO RHP for detailed Information.
IPO Open
Fri, Sep 26, 2025
IPO Close
Tue, Sep 30, 2025
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹62.99 Cr
| IPO Date | 26 to 30 Sep, 2025 |
| Listed on | Mon, Oct 6, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹81 |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,04,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,47,200 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,56,800 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 27,56,800 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 48,72,000 shares |
| Share Holding Post Issue | 77,76,000 shares |
| NSE Symbol | MPEL |
| ISIN | INE0U4H01011 |
Manas Polymers IPO comprises a total issue size of 29,04,000 shares. The net offer to the public is 27,56,800 shares, after excluding 1,47,200 shares allotted on a firm basis. Of the Net offer 2,78,400 (10.10%) are allocated to QIB, 6,86,400 (24.90%) allocated to NII 17,92,000 (65.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 2,78,400 | 10.10% | 9.59% |
| NII (HNI) Shares Offered | 6,86,400 | 24.90% | 23.64% |
| − bNII > ₹10L | 4,56,000 | 15.70% | |
| − sNII < ₹10L | 2,30,400 | 7.93% | |
| Retail Shares Offered | 17,92,000 | 65.00% | 61.71% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,47,200 | 5.07% | |
| Total Shares Offered | 29,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | 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 |
Incorporated in January 2024, Manas Polymers and Energies manufactures premium food-grade PET preforms, bottles, jars, and caps.
The company also engaged in the renewable power generation and distribution as an independent power producer (IPP).
Manas Polymers and Energies serves various industries, including automotive, construction, packaging, agriculture, and energy.
The company continually invests in research and development to create sustainable products that meet the evolving demands of modern industries while minimizing environmental impact.
The company has received ISO certificates for: 1. ISO 9001: 2015 - Quality Management Systems 2. ISO 14001: 2025- Environmental Management 3. ISO 3100: 2018- Risk Management.
As of June 30, 2024, the company has 27 employees.
Competitive Strength:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 29.61 | 20.62 | 14.72 |
| Total Income | 33.06 | 20.09 | 20.36 |
| Profit After Tax | 4.29 | 1.70 | 0.79 |
| EBITDA | 5.76 | 3.58 | 2.51 |
| NET Worth | 10.23 | 5.94 | 3.42 |
| Reserves and Surplus | 5.36 | 1.07 | 2.00 |
| Total Borrowing | 10.71 | 21.71 | 9.19 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of Solar Power Plant | 13.50 |
| 2 | Funding of capital expenditure requirements towards purchase of Fixed Assets | 2.97 |
| 3 | General corporate purposes | 3.52 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 53.10% |
| ROCE | 22.82% |
| Debt/Equity | 1.05 |
| RoNW | 53.10% |
| PAT Margin | 12.99% |
| EBITDA Margin | 18.27% |
| Price to Book Value | 3.86 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.81 | 5.52 |
| P/E (x) | 9.19 | 14.67 |
| Promoter Holding | 99.95% | 62.62% |
| Market Cap | ₹62.99 Cr. |
The Manas Polymers IPO is subscribed 1.24 times on September 30, 2025 6:20:01 PM (Day 3). The public issue subscribed 0.19 times in the individual investors category, 6.66 times in the QIB category, and 1.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 6.66 | 2,78,400 | 18,54,400 | 6 |
| NII* | 1.78 | 6,86,400 | 12,20,800 | 27 |
| bNII (bids above ₹10L) | 2.40 | 4,56,000 | 10,94,400 | |
| sNII (bids below ₹10L) | 0.55 | 2,30,400 | 1,26,400 | |
| Individual Investor | 0.19 | 17,92,000 | 3,42,400 | 107 |
| Total | 1.24 | 27,56,800 | 34,17,600 | 140 |
Total Application : 140
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Book Running Lead Manager | 0.30 |
| 2 | Underwriting Fees | 1.18 |
| 3 | Market Maker Fees | 0.15 |
| 4 | Brokerage, selling commission and upload fees and Sponsor Bank | 0.04 |
| 5 | Fees payable to Registrar to Offer | 0.01 |
| 6 | Fees payable to Legal Advisor | 0.10 |
| 7 | Statutory Advertisement Expenses | 0.05 |
| 8 | Statutory Printing Expenses | 0.01 |
| 9 | Printing, advertising and marketing & promotion expenses | 1.49 |
| 10 | Regulators including stock exchanges | 0.06 |
| 11 | Peer Review Auditor Fee | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹153.90 |
| Low | ₹146.20 |
| High | ₹153.90 |
| Last Trade | ₹146.20 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Manas Polymers IPO is a SME IPO of 29,04,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Sep 26, 2025, and closes on Tue, Sep 30, 2025.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Manas Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Manas Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manas Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manas Polymers IPO opens on Fri, Sep 26, 2025 and closes on Tue, Sep 30, 2025.
Manas Polymers IPO lot size is 1600, and the minimum amount required for application is ₹2,59,200, with 2 lots being the minimum application size.
You can apply in Manas Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Manas Polymers IPO will be done on Wednesday, October 1, 2025, and the allotted shares will be credited to your demat account by Fri, Oct 3, 2025. Check the Manas Polymers IPO allotment status.
The Manas Polymers IPO listing date is on Mon, Oct 6, 2025.
