Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Manas Polymers IPO
Price Band
₹76.0–81.0
Issue Size
₹23.52 Cr
Lot Size
1,600 shares
Min Investment
₹259,200
2 LOTS MIN
GMP
+₹3.0 (3.7%)
Issue Price
₹81.0
Subject to Sauda
₹3600
Paid only if allotted
Manas Polymers IPO AI Summary
- Manas Polymers IPO is listed on NSE SME in the Plastic Products - Industrial sector.
- Price band: ₹76.0–₹81.0 per share, lot size 1,600 shares (min. investment ₹259,200, 2 lots minimum).
- Subscription window: 26 Sep–30 Sep 2025, listing on 06 Oct 2025.
- Current GMP is +₹3.0 (3.7%), an estimated listing price of ₹84 — unofficial and can change daily.
Manas Polymers and Energies focuses on manufacturing sustainable plastic products while also engaging in renewable energy generation. With strong financial growth and a clear plan for the use of IPO proceeds, the company aims to enhance its operational capabilities and market presence.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Manas Polymers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Manas Polymers IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+3.7%
Est. Listing
₹84.0
Updated: 25 Jul 2026 14:15
About the 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.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹8.81
NAV
₹21.00
ROE
53.10%
ROCE
22.82%
RoNW
53.10%
P/B Value
3.86
P/E Ratio
9.19
Market Cap
₹62.99 Cr
PAT Margin
12.99%
Debt/Equity
1.05
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| Technopack Polymers Ltd | 18.46 | 9% | 7.72 | 2.72 |
| Mitsu Chem Plast Ltd | 71.43 | 8.22% | 19.48 | 5.93 |
| Manas Polymers & Energies Ltd. This IPO | 21 | 53.1% | — | 8.81 |
Promoters
Vineet Bhadauria and Anju Bhadauria
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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 3.52 4 Issue Expenses 3.53 Total 23.52
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹20.36 Cr in the year ended 31 Mar 2023, increasing to ₹20.09 Cr by 31 Mar 2024, and further rising to ₹33.06 Cr by 31 Mar 2025. This shows a significant growth in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.79 Cr in the year ended 31 Mar 2023, rising to ₹1.70 Cr by 31 Mar 2024, and further increasing to ₹4.29 Cr by 31 Mar 2025. This indicates a strong upward trend in profitability.
Valuation
At the issue price of ₹81.0, Manas Polymers has an implied P/E of approximately 9.19, compared to peers trading at a P/E range of 7.72 to 19.48.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares may list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as an indicator of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their portfolio goals and risk tolerance, considering the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription from September 26, 2025, and closes on September 30, 2025. Allotment of shares will be done on October 1, 2025, with the listing date set for October 6, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if they sell their shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Manas Polymers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Manas Polymers IPO GMP today?
Manas Polymers IPO GMP today is +₹3.0 (3.7%), indicating an estimated listing price of ₹84. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Manas Polymers IPO?
The price band of Manas Polymers IPO is ₹76.0–₹81.0 per share.
When does Manas Polymers IPO open and close?
Manas Polymers IPO opens on 26 September 2025 and closes on 30 September 2025.
When does Manas Polymers IPO list on the stock exchange?
Manas Polymers IPO listed on 06 October 2025 at ₹84.0.
What is the lot size for Manas Polymers IPO?
The lot size for Manas Polymers IPO is 1600 shares, requiring a minimum investment of ₹259,200 (2 lots).
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹259,200.
What is the price band for the IPO?
The price band for the IPO is ₹76.0 to ₹81.0.
When is the listing date?
The listing date is October 6, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2025
Close
30 Sep 2025
Allotment
01 Oct 2025
Listing
06 Oct 2025
Similar IPOs in Plastic Products - Industrial
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Manas Polymers?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.