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Manas Polymers & Energies Ltd
Plastic productsIPOSME
₹81 - 81
Our Company has rapidly established itself as a player in the plastics ("PET") and solar energy industries. Specializing in manufacturing premium food-grade PET preforms, bottles and closure caps. Our Company is committed to quality and consumer satisfaction. With a manufacturing facility utilizing fully automated injection molding technology, we operate at a capacity of 4,000 MT per year, positioning ourselves for growth as we aim to become the market leader in the PET segment. Our dedication to high standards and innovative solutions supports the Indian food and beverage industry while advancing renewable energy initiatives.
Lot1,600Min Invest₹2,59,200Face Value₹10Issue Size₹24 CrFresh Issue₹24 CrListing Price₹154CMP₹23
Timeline
26 Sept
Bidding opens
30 Sept
Bidding closes
1 Oct
Allotment
3 Oct
Refund & demat credit
6 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹24 Cr0.29 Cr shares
Fresh Issue₹24 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 10.1% · NII 24.9% · RETAIL 65%
Application Sizes
Retail₹2,59,2001-1 lots
sNII₹2,59,200from 2 lots
bNII₹10,36,800from 8 lots
Managers & Registrar
Lead ManagerExpert Global Consultants Pvt Ltd
RegistrarPurva Sharegistry (I) Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.95%62.6%Public0.05%37.4%
Objects of the Issue
- Funding of capital expenditure requirements towards setting up of Solar Power Plant
- Funding of capital expenditure requirements towards purchase of fixed assets
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 5 | 32 | 53 |
| Operating ProfitCr | 1 | 6 | 13 |
| OPM% | 18.6 | 18.3 | 24.1 |
| PBTCr | 1 | 5 | 11 |
| PATCr | 1 | 4 | 9 |
| EPS | 2 | 8 | 7 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 5 | 5 | 8 |
| ReservesCr | 1 | 5 | 30 |
| BorrowingsCr | 12 | 11 | 20 |
| Total AssetsCr | 21 | 29 | 66 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | -2 | 7 | -6 |
| Investing Cash FlowCr | -1 | -6 | -21 |
| Financing Cash FlowCr | 4 | -2 | 28 |
| Net Cash FlowCr | 1 | -1 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Scalable business model.
- Experienced management Team.
- Existing relationship with suppliers.
- Consistency in quality.
- Smooth flow of operations.
Strategies · as stated in the DRHP
- Expanding the Renewable Energy Model.
- Expansion of Product Range and Market Footprint.
- Optimal Resource Utilization.
- Continue to recruit, retain and train qualified personnel.
Risks · as stated in the DRHP
- 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.