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Manas Polymers & Energies Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the exchange on October 26, 2024 to raise funds through Initial Public Offer (IPO) and is currently under process. This indicates that the DRHP is under review by the exchange.
Manas Polymers & Energies Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Expert Global Consultants Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Manas Polymers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 48,72,000 shares |
| Share Holding Post Issue | 77,76,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Oct 24, 2024 |
| Offer document withdrawn | Fri, Oct 25, 2024 |
| Filed with SEBI/Exchange | Sat, Oct 26, 2024 |
| Under Process | Mon, May 12, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 |
| Assets | 22.14 | 21.08 |
| Total Income | 8.69 | 5.03 |
| Profit After Tax | 1.18 | 0.79 |
| Net Worth | 7.04 | 5.92 |
| Reserves and Surplus | 2.18 | 1 |
| Total Borrowing | 9.94 | 11.44 |
| Amount in ₹ Crore | ||
| KPI | Values |
|---|---|
| ROCE | 27.96% |
| Debt/Equity | 2.02 |
| RoNW | 33.37% |
| PAT Margin | 9.92% |
The Company Manas Polymers and Energies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of Solar Power Plant | 202 |
| 2 | Funding of capital expenditure requirements towards purchase of Fixed Assets | 25.1 |
| 3 | General corporate purposes |
Manas Polymers & Energies Ltd.
Plot No. 3, Baraghata
Industrial Area, Jhansi Road,
Lashkar, Gird,
Gwalior, Madhya Pradesh, 474001
Phone: +91 751 299 1115
Email: cs@manaspolymers.com
Website: http://www.manaspolymers/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Manas Polymers IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Manas Polymers IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
Manas Polymers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Manas Polymers IPO allotment status.
The Manas Polymers IPO listing date is not yet announced. The tentative date of Manas Polymers IPO listing is [.].
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