31 Mar 2023
Assets14.72
Total Income20.36
EBITDA2.51
Profit After Tax0.79
NET Worth3.42
Reserves and Surplus2.00
Total Borrowing9.19
At a glance
Updated 2026-09-10The shares listed at ₹153.90, a 90.00% move from the issue price. Manas Polymers is a SME IPO with an issue size of ₹23.52 crore, proposed for listing on NSE SME. The offer opens on 26th Sep 2025 and closes on 30th Sep 2025. The issue structure includes a fresh issue of ₹22.33 crore. The current listing schedule points to 6th Oct 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹23.52 Cr
Fresh issue₹22.33 Cr
Face value₹10
Price band₹76.00–₹81.00
Allotment1st Oct 2025
Listing6th Oct 2025
Listing performance
Full performance ↗Issue price₹81.00
Listing price₹153.90
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹3.00
GMP / upper price3.70%
Est. listing₹84.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Sep 2025
Closes30th Sep 2025
Allotment1st Oct 2025
Refund3rd Oct 2025
Demat3rd Oct 2025
Listing6th Oct 2025
Subscription demand
Full bidding ↗Total1.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹259,200 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of capital expenditure requirements towards setting up of Solar Power Plant | ₹13.50 Cr |
| Funding of capital expenditure requirements towards purchase of Fixed Assets | ₹2.97 Cr |
| General Corporate Purposes | ₹3.52 Cr |
| Issue Expenses | ₹3.53 Cr |
| Total | ₹23.52 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue33.06₹ Cr · +64.6% vs prior year
EBITDA5.76₹ Cr · +60.9% vs prior year
PAT4.29₹ Cr · +152.4% vs prior year
Assets29.61₹ Cr · +43.6% vs prior year
Net Worth10.23₹ Cr · +72.2% vs prior year
Borrowing10.71₹ Cr · -50.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets20.62
Total Income20.09
EBITDA3.58
Profit After Tax1.70
NET Worth5.94
Reserves and Surplus1.07
Total Borrowing21.71
31 Mar 2025
Assets29.61
Total Income33.06
EBITDA5.76
Profit After Tax4.29
NET Worth10.23
Reserves and Surplus5.36
Total Borrowing10.71
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 53.10% |
| ROCE | 22.82% |
| Debt / Equity | 1.05% |
| RoNW | 53.10% |
| PAT Margin | 12.99% |
| EBITDA Margin | 18.27% |
| Price to Book Value | 3.86 |
Valuation & shareholding
Pre-IPO EPS8.81
Post-IPO EPS5.52
Pre-IPO P/E9.19
Post-IPO P/E14.67
Promoter holding pre99.95%
Promoter holding post62.62%
Market cap₹62.99 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Manas Polymers And Energies IPO | — | 14.67 x | — | — |
| Phychem Technologies IPO | — | 19.42 x | — | — |
| Atharva Poly-Plast IPO | — | 17.83 x | — | — |
| Diksha Polymers IPO | — | 14.14 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding of capital expenditure requirements towards setting up of Solar Power Plant | ₹13.50 Cr |
| Funding of capital expenditure requirements towards purchase of Fixed Assets | ₹2.97 Cr |
| General Corporate Purposes | ₹3.52 Cr |
| Issue Expenses | ₹3.53 Cr |
| Total | ₹23.52 Cr |
Registrar & lead managers
Registrar
Purva Sharegistry (India) Pvt.Ltd.Lead managers
- Expert Global Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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