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Manas Polymers & Energies Ltd. 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 ₹81.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200.00 (3,200 shares) (based on upper price). The minimum lot size investment for 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 Date | September 26, 2025 to September 30, 2025 |
| Listing Date | October 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹81 per share |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,04,000 shares (aggregating up to ₹23.52 Cr) |
| Reserved for Market Maker | 1,47,200 shares (aggregating up to ₹1.19 Cr) |
| Net Offered to Public | 27,56,800 shares (aggregating up to ₹22.33 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 48,72,000 shares |
| Share Holding Post Issue | 77,76,000 shares |
Manas Polymers IPO offers total 29,04,000 shares. Out of which 2,78,400 (9.59%) allocated to QIB, 6,86,400 (23.64%) allocated to NII 17,92,000 (61.71%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,47,200 (5.07%) |
| QIB Shares Offered | 2,78,400 (9.59%) |
| NII (HNI) Shares Offered | 6,86,400 (23.64%) |
| − bNII > ₹10L | 4,56,000 (15.70%) |
| − sNII < ₹10L | 2,30,400 (7.93%) |
| Retail Shares Offered | 17,92,000 (61.71%) |
| Total Shares Offered | 29,04,000 (100.00%) |
Manas Polymers IPO opens on September 26, 2025, and closes on September 30, 2025.
| IPO Open Date | Fri, Sep 26, 2025 |
| IPO Close Date | Tue, Sep 30, 2025 |
| Tentative Allotment | Wed, Oct 1, 2025 |
| Initiation of Refunds | Fri, Oct 3, 2025 |
| Credit of Shares to Demat | Fri, Oct 3, 2025 |
| Tentative Listing Date | Mon, Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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:
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 | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 62.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.81 | 5.52 |
| P/E (x) | 9.19 | 14.67 |
The Company Manas Polymers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] MPEL is primarily engaged in the business of manufacturing and supply of premium food-grade PET performs and PET bottles, Jars, Caps etc. The company has entered in to solar power segment as well. Post turning public limited entity, it has performed only for about 15 months. It has posted average performance from Jan. 24 to March 25. Based on its recent financial data, the issue appears aggressively priced. Small paid-up equity capital post IPO indicates longer gestation period for migration post listing. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
| Listing Date | October 6, 2025 |
| BSE Script Code | |
| NSE Symbol | MPEL |
| ISIN | INE0U4H01011 |
| Final Issue Price | ₹81 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹153.90 |
| Low | ₹146.20 |
| High | ₹153.90 |
| Last Trade | ₹146.20 |
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 29,04,000 equity shares of the face value of ₹10 aggregating up to ₹23.52 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on September 26, 2025, and closes on September 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 September 26, 2025 and closes on September 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 Friday, October 3, 2025. Check the Manas Polymers IPO allotment status.
The Manas Polymers IPO listing date is on Monday, October 6, 2025.
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