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Manas Polymers IPO
Manas Polymers IPO is a book-build issue of INR 23.52 crore. The issue is entirely a fresh issue of 0.29 crore shares. The price band is set at INR 76 to INR 81 per share and the lot size for an application is 1600. The minimum amount required by an individual investor is INR 2,59,200 (3200 shares). The IPO bidding opened on Sep 26, 2025 and will close on Sep 30, 2025. The IPO will list on NSE SME with a tentative listing date fixed as Oct 26, 2025.
Company Background
Manas Polymers & Energies Ltd. was incorporated in 2024. They are manufacturers of premium food-grade PET products and generate & distribute renewable energy as an independent power producer focused on solar power. The company holds ISO certificates for quality, environmental management, and risk management. Manas Polymers operates a modern facility in Gwalior, MP, with an annual capacity of 4,000 metric tons for PET products. Their operations are led by experienced and skilled promoters and workers.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Manas Polymers IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Manas Polymers IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2025 to September 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹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 Timeline
| Detail | Description |
|---|---|
| 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 |
Manas Polymers IPO Lot Size
| 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 |
Manas Polymers IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Diversified businesses and quality certification present their work more neatly in front of clients and generate trust.
- • Experienced management team and consistency in successful operations.
Manas Polymers IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 29.61 | 33.06 | 4.29 | 10.23 | 10.71 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 20.62 | 20.09 | 1.70 | 5.94 | 21.71 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 14.72 | 20.36 | 0.79 | 3.42 | 9.19 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.81 | 5.52 |
| P/E (x) | 9.19 | 14.67 |
Conclusion
Manas Polymers IPO offers an opportunity to have ownership in a growing company with increasing revenue and consistent operations. They provide premium food-grade PET preforms, bottles, jars, and caps. The company showed a 65% profit increase from the previous year and was consistent in quality and smooth operations. Their diverse product portfolio and strong client relationships attract both investors and customers, leading to grow
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