The IPO of Manas Polymers and Energies Limited opened for subscription on Friday, September 26.
Investors looking to participate in an IPO can consider this SME IPO, which aims to raise ₹23.52 crore.
The subscription period will run from September 26 to September 30, with a price band of ₹76 to ₹81 per equity share.
Fresh Issue Details
This IPO is a completely fresh issue, offering a total of 29.04 lakh equity shares.
The funds raised through this IPO will be used for multiple purposes, primarily for:
Expanding solar power generation capacity (1 MW to 5 MW)
Purchase of fixed assets
General corporate purposes
The company intends to use this fresh capital to strengthen its operations in both the polymer and renewable energy sectors.
About Manas Polymers and Energies
Founded in January 2024, the company operates in two main areas:
Polymer Manufacturing – Produces food-grade PET preforms, bottles, jars, and caps.
Energy Sector – Functions as an independent power producer, focusing on renewable energy generation and distribution.
According to Managing Director Vineet Bhadoriya, this IPO will support the company’s strategic growth plans, especially in expanding its solar power projects, enhancing its presence in both polymer and renewable energy markets.
Management and Registrar
Book Running Lead Manager: Expert Global Consultants
Registrar: Purva Share Registry India Private Limited
This IPO presents a potential opportunity for investors interested in SME stocks and the renewable energy sector.
