IPO Corner: Manas Polymers and Energies Limited

Manas Polymers and Energies Limited is a manufacturer of PET products and a renewable energy company with operations in 16 states. The company has announced its IPO, with the issue opening on September 26, 2025, and closing on September 30, 2025.

• Issue Opens: September 26, 2025
• Issue Closes: September 30, 2025
• Face Value: Rs 10 each
• Price Band: Rs 76 – 81 per share
• Lot Size: 1600 Shares
• Listing: NSE SME

The IPO is a key milestone for Manas Polymers and Energies Limited, validating its business model and future vision. The public offering provides the financial foundation for the company’s ambitious expansion plans, particularly in the high-potential sectors of polymer products and renewable energy.

The IPO is a book-building issue of Rs 23.52 Cr. The issue is entirely a fresh issue of 29.04 Lakh shares, with a lot size of 1600 shares. The price band is set at Rs 76 to Rs 81 Per share. The equity shares are proposed to be listed on the NSE SME. Expert Global Consultants Pvt. Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt. Ltd. is the registrar of the issue.

The Net Proceeds from the IPO will be directed toward multiple strategic initiatives – Funding of Capital Expenditures amounting to ₹1,350.00 Lakhs for setting up a Solar Power Plant, and Funding of Capital Expenditures: ₹297.40 Lakhs for the purchase of Fixed Assets.

Management Speaks

Mr. Vineet Bhadauria, Managing Director of Manas Polymers and Energies Limited, said:

“We are at a pivotal point in our journey, and the decision to go public marks a significant milestone for Manas Polymers and Energies Limited. This IPO will enable us to accelerate our strategic growth plans, particularly in expanding our solar power capacity from 1 MW to 5 MW. The capital raised will not only fuel our expansion but also strengthen our position as a leading player in both the polymers and renewable energy sectors. We are confident in our business model and are excited to invite investors to be a part of our future growth story.”

Mr. Shobhit R. Agarwal, Director of Expert Global Consultants Private Limited, the Book Running Lead Manager to the Issue, added: “We are proud to be associated with Manas Polymers and Energies Limited for its IPO. The company operates in a high-potential sector where demand for advanced polymer products and energy solutions is set to grow exponentially. With a strong leadership team, a scalable business model, and a clear growth roadmap, Manas Polymers is well-positioned to capitalize on this opportunity. The IPO not only strengthens the company’s balance sheet but also offers investors a compelling opportunity to participate in its next phase of expansion and value creation.”

The Company

Manas Polymers and Energies Limited is engaged in the manufacturing of PET preforms, bottles, jars, and closure caps, as well as renewable power generation under the IPP model. Its modern manufacturing facility in Gwalior (M.P.) ensures high-quality polymer products catering to clients across 16 states in India. In the energy vertical, the Company operates a 1 MW solar power plant and is expanding with a planned 5 MW project in Shajapur (M.P.), reinforcing its commitment to clean energy.

Financials

Driven by a scalable business model, experienced management, and strong client relationships, the Company is positioned as a reliable player in both polymer and renewable energy sectors. In FY25, the company achieved a Revenue of ₹ 3,154.4lakhs, EBITDA of ₹ 570.8 lakhs with an EBITDA Margin of 18.1%  and PAT of ₹ 429.3 lakhs with a PAT Margin of 13.6%