Manas Polymers & Energies Ltd Logo

Manas Polymers & Energies Ltd IPO

NSELot: 1600

LISTEDSME
Issue Price81
Listing86.99
Current60
Price Band
76 - ₹81
Lot Size
1,600
Issue Size
₹23.52 Cr
GMP
0
Subscription
0.02x

IPO Schedule

1
Open
26 Sept
2
Close
30 Sept
3
Allotment
1 Oct
4
Listing
6 Oct

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

QIB
0.00x
NII
0.01x
Retail
0.03x
CategoryDay 3Day 2Day 1
QIB6.66x0.00x0.00x
NII1.78x0.03x0.01x
Retail0.19x0.06x0.03x
Total1.24x0.05x0.02x

Risk Factors

SME IPOs are generally more volatile and carry higher risk compared to mainboard IPOs.
The company's reliance on specific raw materials and suppliers could be susceptible to price fluctuations and supply chain disruptions.
Competition from larger and more established players in the polymer and energy sectors.

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.