Manas Polymers and Energies IPO
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Schedule of Manas Polymers and Energies
| Issue open date | 26 Sep 2025 |
| Issue close date | 30 Sep 2025 |
| UPI mandate deadline | 30 Sep 2025 (5 PM) |
| Allotment finalization | 01 Oct 2025 |
| Refund initiation | 03 Oct 2025 |
| Share credit | 03 Oct 2025 |
| Listing date | 06 Oct 2025 |
| Mandate end date | 15 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 31 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 30 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Manas Polymers and Energies
Manas Polymers and Energies is a Gwalior-based manufacturer specializing in premium food-grade PET preforms, bottles, jars, and closure caps. The company operates a fully automated injection moulding manufacturing facility with a capacity of 4,000 MT per year. Additionally, the company is engaged in renewable power generation and distribution as an Independent Power Producer (IPP), serving multiple sectors including automotive, construction, packaging, agriculture, and energy.
Financials of Manas Polymers and Energies
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹23.52 crores |
| Fresh Issue | ₹23.52 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Setting up of Solar Plant Project including expansion and modernization | 20.2 (85.88%) |
| Purchase of fixed assets | 2.5 (10.62%) |
|
General corporate purposes |
0.82 (3.5%) |
Strengths
- Diversified business model combining PET manufacturing with renewable energy generation as Independent Power Producer
- Strategic positioning in growing PET and renewable energy sectors supporting food & beverage and sustainability initiatives
- Located in Gwalior with access to major industrial markets and transportation networks
Risks
- Dependence on few key suppliers for raw materials without formal supply agreements, creating supply chain vulnerability
- Customer concentration risk with few major customers and no formal contractual agreements securing business relationships
- Unregistered company logo and opposed “Tuffpet” trademark application creating intellectual property risks
- Leasehold premises dependency creating operational continuity risks if property rights are lost or require renegotiation
Allotment Status for Manas Polymers
To check your allotment status – click here.
Subscription Figures for Manas Polymers
As per media reports (Link), the Grey Market Premium (GMP) of Manas Polymers is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 2.78 | 0 | 0.00x |
| NII | 6.86 | 0.04 | 0.01x |
| Retail | 17.92 | 0.44 | 0.03x |
| Total | 27.56 | 0.49 | 0.02x |