Manas Polymers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 26 to Sep 30 2025
Price Band
₹76 - 81
Current GMP
₹153.9 (+90%)
Subscription
1.24 times
IPO Details
| IPO Date | September 26, 2025 to September 30, 2025 |
| Listing Date | October 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹81 per share |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,04,000 shares (aggregating up to ₹23.52 Cr) |
| Reserved for Market Maker | 1,47,200 shares (aggregating up to ₹1.19 Cr) |
| Net Offered to Public | 27,56,800 shares (aggregating up to ₹22.33 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 48,72,000 shares |
| Share Holding Post Issue | 77,76,000 shares |
IPO Date
September 26, 2025 to September 30, 2025
Listing Date
October 6, 2025
Face Value
₹10 per share
Issue Price Band
₹76 to ₹81 per share
Issue Price Final
₹81 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Total Issue Size
29,04,000 shares (aggregating up to ₹23.52 Cr)
Reserved for Market Maker
1,47,200 shares (aggregating up to ₹1.19 Cr)
Net Offered to Public
27,56,800 shares (aggregating up to ₹22.33 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
48,72,000 shares
Share Holding Post Issue
77,76,000 shares
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 6.66 |
| Non-Institutional Buyers*** | 1.78 |
| bNII (bids above ₹10L) | 2.40 |
| sNII (bids below ₹10L) | 0.55 |
| Individual Investors (IND category bidding for 2 Lots) | 0.19 |
| Total ** | 1.24 |
Market Maker
1
QIB (Ex Anchor)
6.66
Non-Institutional Buyers***
1.78
bNII (bids above ₹10L)
2.40
sNII (bids below ₹10L)
0.55
Individual Investors (IND category bidding for 2 Lots)
0.19
Total **
1.24
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 26, 2025 | 0.00 | 0.01 | 0.00 | 0.02 | 0.03 | 0.02 |
| Day 2 Sep 29, 2025 | 0.00 | 0.03 | 0.00 | 0.09 | 0.06 | 0.05 |
| Day 3 Sep 30, 2025 | 6.66 | 1.78 | 2.40 | 0.55 | 0.19 | 1.24 |
DayDay 1
Sep 26, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.00
NII (< ₹10L)0.02
Individual Investors0.03
Total0.02
DayDay 2
Sep 29, 2025
QIB (Ex Anchor)0.00
NII*0.03
NII (> ₹10L)0.00
NII (< ₹10L)0.09
Individual Investors0.06
Total0.05
DayDay 3
Sep 30, 2025
QIB (Ex Anchor)6.66
NII*1.78
NII (> ₹10L)2.40
NII (< ₹10L)0.55
Individual Investors0.19
Total1.24
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-10-2025 | 81.00 | 3(3.70%) | 84 |
| 05-10-2025 | 81.00 | 3(3.70%) | 84 |
| 04-10-2025 | 81.00 | 0(0.00%) | 81 |
| 03-10-2025 | 81.00 | 0(0.00%) | 81 |
| 02-10-2025 | 81.00 | 0(0.00%) | 81 |
| 01-10-2025 | 81.00 | 0(0.00%) | 81 |
| 30-09-2025 | 81.00 | 0(0.00%) | 81 |
| 29-09-2025 | 81.00 | 0(0.00%) | 81 |
| 28-09-2025 | 81.00 | 0(0.00%) | 81 |
| 27-09-2025 | 81.00 | 0(0.00%) | 81 |
| 26-09-2025 | 81.00 | 0(0.00%) | 81 |
| 25-09-2025 | 81.00 | 0(0.00%) | 81 |
| 24-09-2025 | 81.00 | 0(0.00%) | 81 |
| 23-09-2025 | 81.00 | 0(0.00%) | 81 |
Date06-10-2025
Price81.00
GMP3(3.70%)
Estimate List Price84
Date05-10-2025
Price81.00
GMP3(3.70%)
Estimate List Price84
Date04-10-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date03-10-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date02-10-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date01-10-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date30-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date29-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date28-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date27-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date26-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date25-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date24-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
Date23-09-2025
Price81.00
GMP0(0.00%)
Estimate List Price81
IPO Important Dates
| 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 |
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
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,59,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,59,200
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹3,88,800
ApplicationS-HNI (Max)
Lots7
Shares11,200
Amount₹9,07,200
ApplicationB-HNI (Min)
Lots8
Shares12,800
Amount₹10,36,800
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 29.61 | 20.62 | 14.72 |
| Total Income | 33.06 | 20.09 | 20.36 |
| Profit After Tax | 4.29 | 1.70 | 0.79 |
| EBITDA | 5.76 | 3.58 | 2.51 |
| NET Worth | 10.23 | 5.94 | 3.42 |
| Reserves and Surplus | 5.36 | 1.07 | 2.00 |
| Total Borrowing | 10.71 | 21.71 | 9.19 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202529.61
31 Mar 202420.62
31 Mar 202314.72
Period EndedTotal Income
31 Mar 202533.06
31 Mar 202420.09
31 Mar 202320.36
Period EndedProfit After Tax
31 Mar 20254.29
31 Mar 20241.70
31 Mar 20230.79
Period EndedEBITDA
31 Mar 20255.76
31 Mar 20243.58
31 Mar 20232.51
Period EndedNET Worth
31 Mar 202510.23
31 Mar 20245.94
31 Mar 20233.42
Period EndedReserves and Surplus
31 Mar 20255.36
31 Mar 20241.07
31 Mar 20232.00
Period EndedTotal Borrowing
31 Mar 202510.71
31 Mar 202421.71
31 Mar 20239.19
Peers Comparison
| Company Name | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Manas Polymers & Energies Ltd. | 8.81 | 21.00 | 53.10 | ||
| Mitsu Chem Plast Ltd | 5.93 | 71.43 | 19.48 | 8.22 | 1.48 |
| Technopack Polymers Ltd | 2.72 | 18.46 | 7.72 | 9.00 | 1.17 |
Company NameManas Polymers & Energies Ltd.
EPS (Diluted)8.81
NAV (per share) (Rs)21.00
P/E (x)
RoNW (%)53.10
P/BV Ratio
Company NameMitsu Chem Plast Ltd
EPS (Diluted)5.93
NAV (per share) (Rs)71.43
P/E (x)19.48
RoNW (%)8.22
P/BV Ratio1.48
Company NameTechnopack Polymers Ltd
EPS (Diluted)2.72
NAV (per share) (Rs)18.46
P/E (x)7.72
RoNW (%)9.00
P/BV Ratio1.17
IPO Reservation
| Market Maker Shares Offered | 1,47,200 (5.07%) |
| QIB Shares Offered | 2,78,400 (9.59%) |
| NII (HNI) Shares Offered | 6,86,400 (23.64%) |
| − bNII > ₹10L | 4,56,000 (15.70%) |
| − sNII < ₹10L | 2,30,400 (7.93%) |
| Retail Shares Offered | 17,92,000 (61.71%) |
| Total Shares Offered | 29,04,000 (100.00%) |
Market Maker Shares Offered
1,47,200 (5.07%)
QIB Shares Offered
2,78,400 (9.59%)
NII (HNI) Shares Offered
6,86,400 (23.64%)
− bNII > ₹10L
4,56,000 (15.70%)
− sNII < ₹10L
2,30,400 (7.93%)
Retail Shares Offered
17,92,000 (61.71%)
Total Shares Offered
29,04,000 (100.00%)
Information about company
Incorporated in January 2024, Manas Polymers and Energies manufactures premium food-grade PET preforms, bottles, jars, and caps.
The company also engaged in the renewable power generation and distribution as an independent power producer (IPP).
Manas Polymers and Energies serves various industries, including automotive, construction, packaging, agriculture, and energy.
The company continually invests in research and development to create sustainable products that meet the evolving demands of modern industries while minimizing environmental impact.
The company has received ISO certificates for: 1. ISO 9001: 2015 - Quality Management Systems 2. ISO 14001: 2025- Environmental Management 3. ISO 3100: 2018- Risk Management.
As of June 30, 2024, the company has 27 employees.
Competitive Strength:
Business relies on client orders and efficient use of in-house processing facilities to achieve economies of scale.
Experienced management Team.
Existing relationship with suppliers.
Consistency in quality.
Smooth flow of operations.
Objectives of IPO
The Company Manas Polymers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of capital expenditure requirements towards setting up of Solar Power Plant
13.50
2
Funding of capital expenditure requirements towards purchase of Fixed Assets
2.97
3
General corporate purposes
Disclaimer
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