
Manas Polymers & Energies Ltd IPO
NSELot: 1600Plastic products
About Manas Polymers & Energies Ltd
Manas Polymers & Energies Ltd is an SME engaged in manufacturing and trading of polymers and energy products. The company focuses on providing solutions for various industrial applications, leveraging its expertise in polymer chemistry and energy technologies.
Subscription Status
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 6.66x | 0.00x | 0.00x |
| NII | 1.78x | 0.03x | 0.01x |
| Retail | 0.19x | 0.06x | 0.03x |
| Total | 1.24x | 0.05x | 0.02x |
Risk Factors
Promoters & Management
The key management team of Manas Polymers and Energies Limited consists of qualified professionals with relevant industry experience. Vineet Bhadauria, aged 56, is the Managing Director and Promoter, possessing expertise in polymer industry and power and infrastructure sector. Dhruv Bhadauria, aged 29, serves as the Chief Financial Officer and Promoter, holding a master's degree in finance and business economics. Ankita Chopra, aged 33, is the Company Secretary and Compliance Officer, handling secretarial and compliance matters. The board of directors includes Non-Executive Independent Directors, Rajnish Kumar and Ajay Shankar Saxena, bringing diverse skills and experience to the company's governance. The management team's in-depth understanding of target markets and consumer demand and preferences has enabled the company to continue to grow its business. The company believes that its experience, knowledge and human resources will enable it to drive the business in a successful and profitable manner and enables it to expand its geographical and client presence in the existing industry, while exploring new growth avenues.