Manas Polymers and Energies, incorporated in January 2024, operates in both polymer manufacturing and renewable power generation. The company produces food-grade PET preforms, bottles, jars, and caps that are widely used across industries such as packaging, automotive, construction, agriculture, and energy. Alongside this, it functions as an independent power producer (IPP), contributing to the renewable energy segment. With a strong focus on sustainability, the company invests in research and development to deliver products that align with industry requirements while addressing environmental concerns. It has also obtained ISO certifications for quality, environmental management, and risk management, which reflect its structured approach to operations.
As of June 30, 2024, Manas Polymers and Energies employed 27 individuals supporting its dual business lines. The company’s competitive strengths include reliance on client orders, effective use of in-house processing facilities, and experienced leadership. Its established supplier relationships, consistent quality, and streamlined operations further underpin its business outlook, which is now being presented to investors through the IPO.
For more details, visit the Manas Polymers & Energies IPO page.
Manas Polymers & Energies IPO Details and Objectives
Details
| Information
|
IPO Date
| September 26, 2025 to September 30, 2025
|
Issue Size
| 29,04,000 shares
(aggregating up to ₹23.52 Cr)
|
Price Band
| ₹76 to ₹81 per share
|
Lot Size
| 1600 shares
|
Listing At
| SME NSE
|
Purpose of the IPO
Funding of capital expenditure requirements towards setting up of Solar Power Plant
Funding of capital expenditure requirements towards purchase of Fixed Assets
General corporate purposes
Timeline of Manas Polymers & Energies IPO
Event
| Date
|
---|
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
|
Pricing & Lot Size of Manas Polymers & Energies IPO
Price Band for the IPO
Minimum Lot Size and Application Details
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
|
How to Apply for the Manas Polymers & Energies IPO?
Online Application Process
Log in to Your Trading Account
Access your trading account through your broker’s platform.
Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Select Manas Polymers & Energies IPO
Find "Manas Polymers & Energies IPO" and click on the ‘Apply’ button.
Enter Application Details
Specify the number of lots (minimum lot size: 1600 shares) and the bid price within the range of ₹76 to ₹81 per share.
Provide Your UPI ID
Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.
Review and Submit
Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on September 29, 2025, to complete your application process.
Additional Read- How to Apply for the Manas Polymers & Energies IPO?
Financial Health and Performance
Key Financial Metrics
Total Assets: Grew from ₹21.08 crore in March 2024 to ₹22.14 crore as of June 2024.
Total income: Reached ₹8.69 crore in FY25.
Profit After Tax (PAT): Stood at ₹1.18 crore for March 2025.
Net Worth: Recorded at ₹7.04 crore in FY25.
Reserves and Surplus: Recorded at ₹2.18 crore (March 2025), growing steadily over the years.
Total Borrowing: Stood at ₹9.94 crore in March 2025.
Recent Performance and Growth Prospects
The company has shown a gradual increase in its asset base, indicating a steady expansion of resources.
Income levels have reflected stability, supported by contributions from both its business segments.
Profitability has been maintained, suggesting consistent operational performance during the review period.
The net worth of the company has strengthened, highlighting a more balanced financial structure.
Reserves and surplus have seen progressive growth, adding to the overall financial stability of the organisation.
Borrowings have been managed in line with business needs, showing a balanced approach between equity and debt funding.
The overall financial trajectory suggests a sustainable growth path with potential for future expansion across its sectors.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
The business relies significantly on client orders, which could affect revenue visibility if demand fluctuates.
Borrowings form a part of the funding structure, and repayment obligations may impact cash flow if not managed efficiently.
Opportunities and Growth Potential
Expansion into solar power generation through IPO proceeds may create new avenues of revenue and strengthen its position in renewable energy.
Continuous focus on research, sustainable product development, and established supplier relationships provide scope to diversify and serve wider industry needs.
Key Performance Indicator (KPI)
KPI
| Values
|
ROCE
| 22.82%
|
Debt/Equity
| 1.05
|
RoNW
| 53.10%
|
PAT Margin
| 12.99%
|
EBITDA Margin
| 18.27%
|
Price to Book Value
| 6.72
|
Manas Polymers & Energies IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
---|
Purva Sharegistry (India) Pvt.Ltd.
| Expert Global Consultants Pvt.Ltd.
|
Company Address of Manas Polymers & Energies Ltd
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/
Conclusion
The IPO of Manas Polymers & Energies brings together its activities in polymer manufacturing and renewable energy generation. The company is using this opportunity to raise funds for capital expenditure, including setting up a solar power plant, purchasing fixed assets, and meeting general corporate requirements.
Its operations are spread across multiple industries, supported by ISO certifications and internal capabilities. Investors can review the financial performance, risk factors, and growth opportunities before considering participation in the issue.
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