Manas Polymers & Energies Ltd IPO
Status:
Overview
IPO date
26 Sept 2025 to 30 Sept 2025
Face value
₹ 10 per share
Price
₹ 76 to ₹81 per share
Issue Size
2,904,000 shares
(aggregating up to ₹ 23.52 Cr)
(aggregating up to ₹ 23.52 Cr)
Allotment Date
01 Oct 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Objectives of Manas Polymers & Energies Ltd IPO
Manas Polymers & Energies Ltd IPO Strategy
About Manas Polymers & Energies Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Manas Polymers & Energies Ltd
Know the pros & cons
Strengths
Scalable business model.- Experienced management Team.
- Existing relationship with suppliers.
- Consistency in quality.
- Smooth flow of operations.
Risks
- A significant portion of its revenue is derived from the sale of PET preforms and remaining from PET bottles,
jars and HDPE containers. Any decline in the sales of the company's finished key product and could have an adverse effect
on its business, results of operations and financial condition.
- The company is dependent on its power purchase and wheeling agreement for solar energy-based plants under REC
mechanism ("PPA") dated June 05, 2015 to sell power and generate the company's revenue from operations. Termination
or change in the terms of the PPA could adversely affect its business, results of operations and financial
condition.
- The company's business is subject to seasonal volatility due to packaged mineral water and soft drinks sales in summer and
winter seasons.
- The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to
certain risks in its manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or
strikes, work stoppages or increased wage demands by its employees that could interfere with the company's operations
could have an adverse effect on its business, financial condition and results of operations.
- Trade Receivables and Inventories form a substantial part of the company's current assets and net worth. Failures to manage
its trade receivables could have an adverse effect on the company's net sales, profitability, cash flow and liquidity.
- There have been instances of discrepancies/errors and statutory non-compliances in the past under Companies
Act. The company may be subject to legal proceedings or regulatory actions by statutory authorities and its business,
financial condition and reputation may be adversely affected.
- The operations and maintenance activities of the company's Solar Power Plant are outsourced to a third party service
provider.
- The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the
supply of these raw materials or fluctuations in their prices could have a material adverse effect on its business
operations and financial conditions.
- There are outstanding legal proceedings against the Company, Promoters, and certain of its Directors. Any
adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect
its business, results of operations and financial condition.
- The company's premises are not owned by the company and the company only leasehold rights over such premises. In the event the company lose
such rights or are required to negotiate it, the company's cash flows, business, financial conditions and results of operations
could be adversely affected.
- The company is dependent upon few customers, for generating significant portion of its revenues, with whom the company has
not entered into any agreements. The loss of any one or more of its major customer would have a material
adverse effect on the company's business, cash flows, results of operations and financial condition.
- Revenue generation from the existing or old customers.
- The company requires working capital for its smooth day-to-day operations of business and any discontinuance or the company's
inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its
operations, profitability and growth prospects.
- The company's success mainly depends on sectors specific to PET bottle industry in which the company caters to and therefore as a
result the company may be affected by any disruptions in the industry. Any failures on its part to do so, may have an impact
on the reputation of the company's products, which could have an adverse effect on its revenue, reputation, financial
conditions, results of operations and cash flows.
- The company is required to obtain, renew or maintain certain statutory and regulatory permits and approvals required
to operate its business and if the company fails to do so in a timely manner or at all and its business, financial conditions,
results of operations, and cash flows may be adversely affected.
- The Company's logo "Manas Polymers and Energies Limited" is not registered with Registrar of Trademark
and the trademark for its brand "Tuffpet" has been opposed. Any infringement of the company's brand name or failures
to get it registered may adversely affect its business.
- The company's business operations relies on consistent solar weather conditions and unfavourable solar weather conditions
could have a material adverse effect on its business, financial condition and results of operations.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded
manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial
performance. Its inability to accurately forecast demand for its products may have an adverse effect on the company's
business, results of operations and financial condition.
- The Company has entered into related party transactions in the past and may continue to enter into related party
transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The company had negative cash flows from operating activities in the past and may, in the future, experience similar
negative cash flows.
- The company's Promoters and Promoter Group have extended personal guarantees with respect to loan facilities availed
by the Company and have provided their property as collateral security for loan facilities availed by the
Company. Revocation of any or all of these personal guarantees or withdrawal of such property may adversely
affect its business operations and financial condition.
- The company's business from solar power generation is dependent on limited customers which constitute 100% of its
revenue from operations generated from supply of power. The loss of any of these off takers could have an
adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company bid for sale of power on IEX/PXIL/HPX platform through a competitive bidding process, for which the company is
dependent on a third party "Trader Member" and the company may not be able to qualify for, compete or win such projects,
which could adversely affect its business prospects, cash flows and results of operations.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements i.e setting
up of Solar Power Plant Project which may not be successful and may be less profitable or may be loss-making.
- The Company acquired the running business of Late Anju Bhadauria, Proprietorship through Business
Transfer Agreement dated January 25, 2024 which contains certain terms and conditions. Inability to effectively
service / comply with such terms and conditions, comply with or obtain waivers of some covenants, as the case
may be, may adversely affect its business, results of operations and financial conditions.
- Non-compliance with and changes in, safety, health, environmental and labour laws and other applicable
regulations, may adversely affect its business, financial condition and results of operations.
- A significant portion of the company's sales are concentrated in a single region i.e., Madhya Pradesh and the inability to
operate and grow its business in this particular region may have an adverse effect on the company's business, financial
condition, results of operations, cash flows and future business prospects.
- The company faces competition, from established competitors, and the company may fails to compete successfully against existing or
new competitors, which may reduce the demand and market share for its products which may lead to reduced
prices, operating margins, profits and further result in decline in revenue.
- The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may
adversely impact its results of operations.
- There are certain discrepancies and non-compliances noticed in some of its corporate records relating to filing
or returns and deposit of statutory dues with the statutory authorities.
- The company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial
Personnel and Senior Management as well as the company's ability to attract and retain personnel with technical expertise.
Its inability to retain the company's Promoters, Directors, Key Managerial Personnel and Senior Management or its
ability to attract and retain other personnel with technical expertise could adversely affect the company's business, results
of operations and financial condition.
- High Dependence on a Limited Number of Non-Related External Counterparties for Sales and Purchases.
- The company depends on skilled personnel and if the company is unable to recruit and retain skilled personnel, the company's ability to operate
or grow its business could be affected.
- The company has not obtained any credit rating, which may limit its ability to access debt financing on favorable terms
and could have a material adverse effect on the company's business, results of operations, financial condition, cash flows,
and future prospects.
- The industry in which the company operates is labour intensive and its manufacturing operations may be materially
adversely affected by strikes, work stoppages or increased wage demands by our employees or those of the company's
suppliers.
- The Company's failures to maintain the quality standards of the products or keep pace with the technological
developments could adversely impact its business, results of operations and financial condition.
- The company's ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital
requirements, capital expenditures and other factors.
- Changes in technology may render its current technologies obsolete or require the company to make substantial capital
investments.
- Dependence upon third party transportation services for supply and transportation of its products are subject
to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- The activities carried out at the company's manufacturing facility can cause injury to people or property in certain
circumstances.
- The Company has availed unsecured loans from its directors and directors' relatives, which may be recalled
on demand.
- The company is subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking
facilities availed from them.
- The company's inability to effectively manage its growth or to successfully implement the company's business plan and growth
strategies could have an adverse effect on its business, results of operations and financial condition. The
success of the company's business will depends greatly on its ability to effectively implement the company's business and growth
strategies.
- Pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase the company's
prices.
- There's a growing public and consumer demand for sustainable practices. Manufacturers who don't adapt to
using recycled materials or producing less-polluting polymers risk losing market share.
- There is a limited pool of potential purchasers of third party sale of power which could have an adverse effect
on its business, results of operations and cash flows.
- After the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in
the Company.
- The average cost of acquisition of Equity Shares by its Promoters could be lower than the Issue price.
- Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements,
including prior shareholders' approval.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus
have been sourced from public sources and there is no assurance that such financial and other industry
information is complete.
- Any future acquisitions, joint ventures, partnerships, strategic alliances, tie-ups or investments could fails to
achieve expected synergies and may disrupt its business and harm the results of operations and the company's financial
condition.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize
the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on the company's management estimates and have not
been appraised by any bank or financial institution.
- The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be
purely dependent on the discretion of the management of the Company.
- The company's insurance coverage may not be adequate to protect us against certain operating hazards and this may have
a material adverse effect on its business.
- The company's employees may engage in misconduct or other improper activities, including noncompliance with regulatory
standards and requirements.
- Information relating to the installed manufacturing capacity of its manufacturing facility included in this Red
Herring Prospectus are based on various assumptions and estimates and future production and capacity may
vary.
- Disclosure of Promoter and Management Credentials is Limited to Available Documentary Evidence.
- None of the Company's board of directors have any experience of listed Companies.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the
completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and
results of operations.
- If the company is unable to establish and maintain an effective internal controls and compliance system, the company's business
and reputation could be adversely affected.
- The company's Directors, Key Managerial Personnel and Senior Management may have interests other than
reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- The Company does not own the Land where the Solar PV Plant shall be installed. Failures to make the balance
payment to purchase the said land in the stipulated time would lead to termination of its existing Leave and
License Agreement cum Memorandum of Understanding as well thus affecting its business, revenue from
operations, cash flows, etc.
- Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Subsequent to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like
Additional Surveillance Measures and Graded Surveillance Measures by the Stock Exchanges in order to
enhance market integrity and safeguard the interest of investors.
- Investors other than Individual (including non-institutional investors and Corporate Bodies) are not permitted
to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after
submitting an Application.
- The company has in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard
methodology that is applicable across the industries in which the company operates and may not be comparable with
financial information of similar nomenclature computed and presented by other companies.
- Restriction on the company's Merchant Banker/ Book Running Lead Manager from undertaking new assignments may
create a perception risk and could impact investor confidence.
Manas Polymers & Energies Ltd Peer Comparison
Understand the company’s industry standing
Manas Polymers and Energies Limited
Mitsu Chem Plast Limited
Technopack Polymers Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
31.5444
332.2784
17.2815
EPS-Basis
8.81
5.39
2.72
EPS-Diluted
---
---
---
NAV Per Share
21
71.43
18.46
P/E-Basic EPS
---
---
---
P/E-Diluted EPS
---
---
---
RONW(%)
53.1
8.22
9
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Manas Polymers & Energies Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 26 Sept 2025 & closes on 30 Sept 2025.
Manas Polymers and Energies Limited was incorporated as a public limited Company vide Certificate of Incorporation dated January 19, 2024, issued by Registrar of Companies, Central Registration Centre. The Company has rapidly established itself as a key player in the plastics (PET) and solar energy industries. With a manufacturing facility utilizing fully automated injection molding technology, it operate at a capacity of 4,000 MT per year. The Company is primarily engaged in the business of manufacturing and supply of premium food-grade PET preforms and PET bottles, jars and closure caps. It is also engaged in the renewable power generation and distribution as an independent power producer (IPP).
Initially, the business was started by Late Mrs. Anju Bhaduria in year 2015 as a sole proprietorship concern as 'M/s. Manas Power and Infrastructure' wherein the renewable power generation and distribution business was carried out by M/s. Manas Power and Infrastructure and, in 2017 as a sole proprietorship concern by under the name and style of 'M/s Manas Polymers' wherein the manufacture and supply of premium food-grade PET preforms, PET bottles, jars and closure caps was carried out by M/s. Manas Polymers to cater to the PET (plastics) industry.
The Company took over the business of proprietorship concerns of one of the Promoters Anju Bhadauria, namely 'M/s. Manas Polymers' and 'M/s. Manas Power and Infrastructure' as per the business transfer agreement dated January 25, 2024 as a going concern to expand its business of PET plastic and renewable energy in FY 2024.
Company issued 29,04,000 equity shares through its initial public offer by raising a fresh issue of Rs 23.52 crores in September, 2025.
Manas Polymers & Energies Ltd IPO will close on 30 Sept 2025.
- Scalable business model.
- Experienced management Team.
- Existing relationship with suppliers.
- Consistency in quality.
- Smooth flow of operations.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Vineet Bhadauria | 4868000 | 99.92 | 4868000 | 62.6 |
| 2 | Anuj Bhadauria | --- | --- | --- | --- |
| 3 | Dhruv Bhadauria | 100 | --- | 100 | --- |
| 4 | Janvi Bhadauria | 700 | 0.01 | 700 | --- |
| 5 | Kavyaa Bhadauria | 800 | 0.02 | 800 | --- |
- A significant portion of its revenue is derived from the sale of PET preforms and remaining from PET bottles, jars and HDPE containers. Any decline in the sales of the company's finished key product and could have an adverse effect on its business, results of operations and financial condition.
- The company is dependent on its power purchase and wheeling agreement for solar energy-based plants under REC mechanism ("PPA") dated June 05, 2015 to sell power and generate the company's revenue from operations. Termination or change in the terms of the PPA could adversely affect its business, results of operations and financial condition.
- The company's business is subject to seasonal volatility due to packaged mineral water and soft drinks sales in summer and winter seasons.
- The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company's operations could have an adverse effect on its business, financial condition and results of operations.
- Trade Receivables and Inventories form a substantial part of the company's current assets and net worth. Failures to manage its trade receivables could have an adverse effect on the company's net sales, profitability, cash flow and liquidity.
- There have been instances of discrepancies/errors and statutory non-compliances in the past under Companies Act. The company may be subject to legal proceedings or regulatory actions by statutory authorities and its business, financial condition and reputation may be adversely affected.
- The operations and maintenance activities of the company's Solar Power Plant are outsourced to a third party service provider.
- The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of these raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.
- There are outstanding legal proceedings against the Company, Promoters, and certain of its Directors. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.
- The company's premises are not owned by the company and the company only leasehold rights over such premises. In the event the company lose such rights or are required to negotiate it, the company's cash flows, business, financial conditions and results of operations could be adversely affected.
- The company is dependent upon few customers, for generating significant portion of its revenues, with whom the company has not entered into any agreements. The loss of any one or more of its major customer would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
- Revenue generation from the existing or old customers.
- The company requires working capital for its smooth day-to-day operations of business and any discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.
- The company's success mainly depends on sectors specific to PET bottle industry in which the company caters to and therefore as a result the company may be affected by any disruptions in the industry. Any failures on its part to do so, may have an impact on the reputation of the company's products, which could have an adverse effect on its revenue, reputation, financial conditions, results of operations and cash flows.
- The company is required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business and if the company fails to do so in a timely manner or at all and its business, financial conditions, results of operations, and cash flows may be adversely affected.
- The Company's logo "Manas Polymers and Energies Limited" is not registered with Registrar of Trademark and the trademark for its brand "Tuffpet" has been opposed. Any infringement of the company's brand name or failures to get it registered may adversely affect its business.
- The company's business operations relies on consistent solar weather conditions and unfavourable solar weather conditions could have a material adverse effect on its business, financial condition and results of operations.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance. Its inability to accurately forecast demand for its products may have an adverse effect on the company's business, results of operations and financial condition.
- The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The company had negative cash flows from operating activities in the past and may, in the future, experience similar negative cash flows.
- The company's Promoters and Promoter Group have extended personal guarantees with respect to loan facilities availed by the Company and have provided their property as collateral security for loan facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such property may adversely affect its business operations and financial condition.
- The company's business from solar power generation is dependent on limited customers which constitute 100% of its revenue from operations generated from supply of power. The loss of any of these off takers could have an adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company bid for sale of power on IEX/PXIL/HPX platform through a competitive bidding process, for which the company is dependent on a third party "Trader Member" and the company may not be able to qualify for, compete or win such projects, which could adversely affect its business prospects, cash flows and results of operations.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements i.e setting up of Solar Power Plant Project which may not be successful and may be less profitable or may be loss-making.
- The Company acquired the running business of Late Anju Bhadauria, Proprietorship through Business Transfer Agreement dated January 25, 2024 which contains certain terms and conditions. Inability to effectively service / comply with such terms and conditions, comply with or obtain waivers of some covenants, as the case may be, may adversely affect its business, results of operations and financial conditions.
- Non-compliance with and changes in, safety, health, environmental and labour laws and other applicable regulations, may adversely affect its business, financial condition and results of operations.
- A significant portion of the company's sales are concentrated in a single region i.e., Madhya Pradesh and the inability to operate and grow its business in this particular region may have an adverse effect on the company's business, financial condition, results of operations, cash flows and future business prospects.
- The company faces competition, from established competitors, and the company may fails to compete successfully against existing or new competitors, which may reduce the demand and market share for its products which may lead to reduced prices, operating margins, profits and further result in decline in revenue.
- The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.
- There are certain discrepancies and non-compliances noticed in some of its corporate records relating to filing or returns and deposit of statutory dues with the statutory authorities.
- The company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel and Senior Management as well as the company's ability to attract and retain personnel with technical expertise. Its inability to retain the company's Promoters, Directors, Key Managerial Personnel and Senior Management or its ability to attract and retain other personnel with technical expertise could adversely affect the company's business, results of operations and financial condition.
- High Dependence on a Limited Number of Non-Related External Counterparties for Sales and Purchases.
- The company depends on skilled personnel and if the company is unable to recruit and retain skilled personnel, the company's ability to operate or grow its business could be affected.
- The company has not obtained any credit rating, which may limit its ability to access debt financing on favorable terms and could have a material adverse effect on the company's business, results of operations, financial condition, cash flows, and future prospects.
- The industry in which the company operates is labour intensive and its manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands by our employees or those of the company's suppliers.
- The Company's failures to maintain the quality standards of the products or keep pace with the technological developments could adversely impact its business, results of operations and financial condition.
- The company's ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.
- Changes in technology may render its current technologies obsolete or require the company to make substantial capital investments.
- Dependence upon third party transportation services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- The activities carried out at the company's manufacturing facility can cause injury to people or property in certain circumstances.
- The Company has availed unsecured loans from its directors and directors' relatives, which may be recalled on demand.
- The company is subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking facilities availed from them.
- The company's inability to effectively manage its growth or to successfully implement the company's business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the company's business will depends greatly on its ability to effectively implement the company's business and growth strategies.
- Pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase the company's prices.
- There's a growing public and consumer demand for sustainable practices. Manufacturers who don't adapt to using recycled materials or producing less-polluting polymers risk losing market share.
- There is a limited pool of potential purchasers of third party sale of power which could have an adverse effect on its business, results of operations and cash flows.
- After the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in the Company.
- The average cost of acquisition of Equity Shares by its Promoters could be lower than the Issue price.
- Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Any future acquisitions, joint ventures, partnerships, strategic alliances, tie-ups or investments could fails to achieve expected synergies and may disrupt its business and harm the results of operations and the company's financial condition.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on the company's management estimates and have not been appraised by any bank or financial institution.
- The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- The company's insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on its business.
- The company's employees may engage in misconduct or other improper activities, including noncompliance with regulatory standards and requirements.
- Information relating to the installed manufacturing capacity of its manufacturing facility included in this Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
- Disclosure of Promoter and Management Credentials is Limited to Available Documentary Evidence.
- None of the Company's board of directors have any experience of listed Companies.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.
- If the company is unable to establish and maintain an effective internal controls and compliance system, the company's business and reputation could be adversely affected.
- The company's Directors, Key Managerial Personnel and Senior Management may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- The Company does not own the Land where the Solar PV Plant shall be installed. Failures to make the balance payment to purchase the said land in the stipulated time would lead to termination of its existing Leave and License Agreement cum Memorandum of Understanding as well thus affecting its business, revenue from operations, cash flows, etc.
- Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Subsequent to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measures and Graded Surveillance Measures by the Stock Exchanges in order to enhance market integrity and safeguard the interest of investors.
- Investors other than Individual (including non-institutional investors and Corporate Bodies) are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an Application.
- The company has in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the industries in which the company operates and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
- Restriction on the company's Merchant Banker/ Book Running Lead Manager from undertaking new assignments may create a perception risk and could impact investor confidence.
The Issue type of Manas Polymers & Energies Ltd is Book Building - SME.
The minimum application for shares of Manas Polymers & Energies Ltd is 3200.
The total shares issue of Manas Polymers & Energies Ltd is 2904000.
Initial public offer of 29,04,000 equity shares of face value of Rs.10/- each ("equity shares") of Manas polymers and energies limited ("company" ) for cast at a price of Rs.81 per equity share (Including Share Premium of Rs.71 per equity share) ("Issue Price"") aggregating up to Rs.23.52 crores out of which 1,47,200 equity shares of face value of Rs.10/- each, for cash at a price of Rs.81 per equity share Including a share premium of Rs.71 per equity share aggregating to Rs.1.19 crores was reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. issue of 27,56,800 equity shares of face value of Rs.10/- each, at a price of Rs.81 per equity share aggregating to Rs.22.33 crores is herein after referred to as the "Net Issue". the issue and the net issue will constitute 37.35% and 35.45% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 76/- to Rs. 81/- for equity share of face value of Rs. 10 each.
The floor price is 7.60 times times the face value and cap price is 8.10 times of the face value of the equity shares.
Bids can made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.