Manas Polymers & Energies was incorporated on January 19, 2024. The company manufactures and supplies premium food-grade PET preforms, bottles, jars, and closure caps to the PET industry. It is also engaged in renewable power generation and distribution as an independent power producer (IPP)
| Bidding Dates |
|---|
| 26 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 1.23x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,43,200 | 2 | 2 | 1600 | 2.9 M | ₹76 - ₹81 | 62.62 % | ₹220.7 M - ₹235.2 M | RHP DOC |
Manas Polymers and Energies IPO SUBSCRIPTION STATUS
30 Sep '25Manas Polymers and Energies IPO overall subscription rate was 1.23 times the total available shares
Manas Polymers and Energies IPO retail subscription rate was 0.34 times in the retail segment
Manas Polymers and Energies IPO non-institutional investor subscription rate was 3.14 times in the non-institutional investor category
Manas Polymers and Energies IPO Qualified Institutional Bidder subscription rate was 1.28 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2025 (Day 3) | 0.34x | 3.14x | 1.28x |
29 Sep 2025 (Day 2) | 0.11x | 0.04x | - |
26 Sep 2025 (Day 1) | 0.04x | 0.01x | - |
Manas Polymers and Energies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 31.5 | 4.3 | 7.0 | 0.8 | 18.3% |
| FY24 | 19.8 | 1.7 | -0.3 | -1.5 | 18.1% |
| FY23 | 20.4 | 0.8 | 1.3 | -0.2 | 12.3% |
Manas Polymers and Energies IPO SUBSCRIPTION STATUS DETAILS
Manas Polymers and Energies had 2.9 M shares on offer
Manas Polymers and Energies IPO offer price was in the range ₹76 - ₹81
Manas Polymers and Energies IPO minimum Investment was ₹243200
Manas Polymers and Energies IPO issue size was ₹ 220.7 M - ₹ 235.2 M
Manas Polymers and Energies had a minimum lot size of 1600 Shares per application
Manas Polymers and Energies NUMBER OF SHARES ON OFFER
Manas Polymers and Energies IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | NSE |
| Manas Polymers and Energies Allotment Status | Exchange/ Registrar |
Manas Polymers and Energies IPO subscription opened on 26 Sep 2025, and closed on 30 Sep 2025
IPO allotment for Manas Polymers and Energies was finalized on Wednesday, 01 Oct 2025
IPO listing for Manas Polymers and Energies was on NSE on Monday, 06 Oct 2025
Manas Polymers and Energies IPO LISTING GAINS
| Issue Price (adjusted) | 81.0 |
| Listing Open Price | 153.9 |
| Listing Close Price | 146.2 |
| Listing Gain% | 90.0% |
| Current Gain% | -54.6% |
Manas Polymers and Energies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manas Polymers and Energies Ltd. | 36.8 | 28.6 | 3.4 | 0 | 0.5 | 22.8 | 13 | 54.9 | 66 | 8.5 | 98.4 | 11 | 98.4 |
| Supreme Industries Ltd. | 3433.5 | 43614.7 | 42.2 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1427.3 | 38344.4 | 71.5 | 29.2 | 5.8 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3465.2 | 15923.5 | 90.1 | 1.8 | 15.5 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Time Technoplast Ltd. | 206.6 | 10200 | 20.8 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
| Finolex Industries Ltd. | 161.6 | 10023.8 | 16.3 | 0.3 | 2.5 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
Manas Polymers and Energies INFORMATION ON IPO ISSUE
About Manas Polymers and Energies
Manas Polymers & Energies was incorporated on January 19, 2024. The company manufactures and supplies premium food-grade PET preforms, bottles, jars, and closure caps to the PET industry. It is also engaged in renewable power generation and distribution as an independent power producer (IPP)
Object of the Issue
- Funding of capital expenditure requirements towards setting up a solar power plant
- Funding of capital expenditure requirements towards the purchase of fixed assets
- General corporate purposes
Manas Polymers and Energies - PROMOTERS
| Name |
|---|
| Vineet Bhadauria |
| Anju Bhadauria |
Manas Polymers and Energies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vineet Bhadauria | Managing Director & Chairperson |
| Shamendra Singh Bhadauria | Additional Executive Director |
| Janvi Bhadauria | Non-Executive Director |
| Rajnish Kumar | Non-Executive Independent Director |
| Ajay Shankar Saxena | Non-Executive Independent Director |
Manas Polymers and Energies Book Running Lead Manager
Expert Global Consultants Private Limited
ipo@expertglobal.in
Manas Polymers and Energies Registrar to the issue
Purva Sharegistry (India) Private Limited
newissue@purvashare.com
Manas Polymers and Energies Strengths
Scalable business model
The company’s business relies on client orders, efficient use of in-house processing, and achieving economies of scale. Growth has been driven by exploring new domestic and international markets, product innovation, consistent quality, and maintaining client trust
Client relationship
The company maintains strong relationships with suppliers of raw materials like LDPE and HDPE, ensuring timely, high-quality supplies. These partnerships help control inventory, deliver quality products, and foster repeat business
Consistency in quality
The company is committed to product quality, implementing strict safety and quality procedures from raw material procurement to product distribution. Its fully equipped Quality Division, staffed with trained professionals, ensures all products meet regulatory and customer standards through thorough testing and inspections
Manas Polymers and Energies Risks
Licenses & approvals
The company must obtain and maintain various statutory and regulatory permits to operate, and failure to do so could adversely affect its business and financial performance. Non-renewal, cancellation, or inability to meet conditions of these licenses may disrupt operations and impact results
Compliance risks
Non-compliance with or changes in safety, health, environmental, and labor laws could negatively impact the company’s business, finances, and operations. Legal actions or regulatory enforcement, including plant shutdowns, may harm profits, reputation, and the ability to meet customer obligations
Competition
The company faces intense competition from both established and new players in organized and unorganized sectors, in India and abroad. Failure to compete effectively may reduce product demand, lower prices and margins, and adversely affect revenue and financial position
IPO FAQs
The promoters of the company are Vineet Bhadauria and Anju Bhadauria.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 81.0.
The IPO application opens on Sep 26, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 243,200.0, the maximum value for this IPO is Rs 259,200.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
Manas Polymers & Energies Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.