IPO Details
Bidding Dates
26 Sept 25 - 30 Sept 25
Price Range ₹
76 - 81
Total Equity
₹ 23.52Cr
Lot Size
3200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Sept 2025
Offer end
30 Sept 2025
Allotment
01 Oct 2025
Refund initiation
03 Oct 2025
Demat transfer
03 Oct 2025
Listing
06 Oct 2025
Offer start
26 Sept 2025
Offer end
30 Sept 2025
Allotment
01 Oct 2025
Refund initiation
03 Oct 2025
Demat transfer
03 Oct 2025
Listing
06 Oct 2025
About Company
Manas Polymers and Energies Limited, incorporated on January 19, 2024, as a public limited company under the Companies Act, 2013, is a Gwalior-based manufacturer specializing in premium food-grade PET preforms, bottles, jars, and closure caps, alongside its role as an independent power producer (IPP) in renewable energy generation and distribution. Operating across 16 states in India, the company caters to diverse sectors including automotive, construction, packaging, agriculture, and energy, with a strong emphasis on sustainability through ongoing research and development to deliver eco-friendly products that reduce environmental impact. Manas employs 27 people as of June 30, 2024, and leverages an experienced management team, reliable supplier relationships, consistent quality, and efficient in-house operations to scale via client orders.
Year Founded
19-01-2024
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 4871200 | 4871200 |
Offer to Public
29,04,000.00 Cr
Project Details
- General corporate purposes - 35.204cr
- Funding of capital expenditure requirements towards purchase of Fixed Assets - 30.213cr
- Funding of capital expenditure requirements towards setting up of Solar Power Plant - 228cr
Objectives
- Funding of capital expenditure requirements towards setting up of Solar Power Plant
- Funding of capital expenditure requirements towards purchase of Fixed Assets
- andGeneral corporate purposes.
Highlights
- Demonstrates rapid revenue and profit increases (e.g., total income up 73% and PAT up 49% quarter-over-quarter as of June 2024), signaling scalable operations in high-demand PET and renewable sectors.
- Boasts impressive RoNW (53.10%) and ROCE (22.82%), indicating efficient capital use and potential for attractive shareholder returns.
- Investments in R&D for eco-friendly products, ISO certifications (including environmental management), and solar expansion align with global green trends, enhancing long-term appeal.
- Serves multiple industries (e.g., packaging, automotive, agriculture) and balances polymers with renewables, reducing sector-specific risks.
- Proceeds are crucial for key expansions like the solar plant; any subscription delays or market volatility could hinder plans.
Challenges
- Founded in January 2024, the company lacks a long track record, raising questions about sustained performance and resilience in economic downturns.
- Price-to-book value of 6.72 suggests the stock may be priced at a premium relative to assets, potentially limiting upside if growth falters.
- With only 27 employees and assets under ₹22.5 crore, it operates at a small scale, vulnerable to competition from larger PET and energy players.
- Debt-to-equity ratio of 1.05, while manageable, could strain finances if interest rates rise or expansion costs overrun.
- Relies on a seasoned management team, supplier ties, and smooth workflows for quality consistency and economies of scale.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 2,085.09 | 487.20 | 74.72 | 74.72 | 1.5337 |
| 2025 | 2,984.31 | 487.20 | 74.72 | 74.72 | 1.5337 |
