Manas Polymers & Energies IPO: Things Smart Investors Need to Know

    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

    •  ₹76 to ₹81 per share

    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: https://manaspolymers.com/

    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.

    Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Manas Polymers & Energies IPO. 

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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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    Publish Date: 26 Sep 2025

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