Manas Polymers IPO Details
| IPO Open Date | September 26, 2025 |
| IPO Close Date | September 30, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹76 to ₹81 Per Share |
| Issue Size | Approx ₹23.52 Crores |
| Fresh Issue | Approx ₹23.52 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Manas Polymers IPO Review & Key Points
- Review:
Manas Polymers IPO Market Lot
The Manas Polymers IPO minimum market lot is 3,200 shares with ₹2,59,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,59,200 |
| Retail Maximum | 2 | 3,200 | ₹2,59,200 |
| S-HNI Minimum | 3 | 4,800 | ₹3,88,800 |
| S-HNI Maximum | 7 | 11,200 | ₹9,07,200 |
| B-HNI Minimum | 8 | 12,800 | ₹10,36,800 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Market Maker Shares Offered | 1,47,200 Shares | 5.07% |
| QIB Shares Offered | 2,78,400 Shares | 9.59% |
| NII Shares Offered | 6,86,400 Shares | 23.64% |
| Retail Shares Offered | 17,92,000 Shares | 61.71% |
Manas Polymers IPO Dates
The Manas Polymers IPO date is September 26 and the close date is September 30. The Manas Polymers IPO allotment will be finalized on October 1 and the IPO listing on October 6.
| IPO Open Date: | September 26, 2025 |
| IPO Close Date: | September 30, 2025 |
| Basis of Allotment: | October 1, 2025 |
| Refunds: | October 3, 2025 |
| Credit to Demat Account: | October 3, 2025 |
| IPO Listing Date: | October 6, 2025 |
| IPO Bidding Cut-off Time: | September 30, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Vineet Bhadauria and Anju Bhadauria.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 48,72,000 | 100.00% |
| Promoter Holding Post Issue | 77,76,000 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of capital expenditure requirements towards setting up of Solar Power Plant | 20.2 |
| Funding of capital expenditure requirements towards purchase of Fixed Assets | 2.51 |
| General Corporate Purpose | – |
About Manas Polymers IPO
Manas Polymers was founded in 2024, and it has started a business of manufacturing and supplying premium food-grade PET preforms and PET bottles, jars, and closure caps.
Moreover, they also sell their own products, i.e., PET preforms and PET bottles, jars, and closure caps to the PET (plastics) industry. Furthermore, they are also engaged in the renewable power generation and distribution as an independent power producer (IPP).
The company’s main reason for growth is its skilled and experienced promoters. Moreover, they have built a strong relationship with the consumers, and they also buy raw materials like low-density polyethylene, high-density polyethylene, and low-density polyethylene in bulk from reputable vendors in order to manufacture their products.
Manas Polymers IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹5.03 | ₹3.87 | ₹0.79 | ₹21.08 |
| 2025 | ₹33.06 | ₹25.78 | ₹4.29 | ₹29.61 |
Manas Polymers IPO Valuation – FY2025
Check Manas Polymers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 53.10% |
| ROCE: | 22.82% |
| EBITDA Margin: | 18.27% |
| PAT Margin: | 12.99% |
| Debt to equity ratio: | 1.05 |
| Earning Per Share (EPS): | ₹8.81 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 53.10% |
| Net Asset Value (NAV): | ₹21.00 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Mitsu Chem Plast Limited | 5.39 | 19.48 | 8.22% | 71.43 | 332.28 Cr. |
| Technopack Polymers Limited | 2.72 | 7.72 | 9.00% | 18.46 | 17.28 Cr. |
IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Pvt. Ltd.
Company Address
Manas Polymers & Energies Ltd.
Plot No. 3, Baraghata
Industrial Area, Jhansi Road,
Lashkar, Gird,
Gwalior, Madhya Pradesh, 474001
Phone: +91 751 299 1115
Email: [email protected]
Website: http://www.manaspolymers/
IPO Registrar
Purva Sharegistry (India) Pvt. Ltd.
Phone: +91-022-23018261/23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
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