Shares of Manas Polymers and Energies opened with a strong market debut on October 6, listing at Rs 153.90 per share on the NSE Emerge platform. This represents a 90% premium over the IPO price of Rs 81, marking a remarkable start for investors in the SME segment.
Market Performance
- Listing price: Rs 153.90
- IPO price: Rs 81
- Premium on listing: 90%
- IPO size: Rs 23.5 crore
The listing reflects strong investor confidence and enthusiasm for companies in the food-grade PET packaging sector, where Manas Polymers and Energies operates.
IPO Details
Manas Polymers and Energies launched its initial public offering to raise Rs 23.5 crore through a fresh issue of over 29 lakh shares.
Key details of the IPO:
- Price band: Rs 76–81 per share
- Minimum investment: 1,600 shares (~Rs 1,29,600 at upper band)
- Subscription period: September 26–30, 2025
- Investor interest: Fully subscribed in three days
Among investors, Qualified Institutional Buyers (QIBs) showed the most interest during the subscription period, highlighting the strong demand for shares in the SME IPO space.
Company Overview
Manas Polymers and Energies specializes in manufacturing food-grade PET preforms, bottles, jars, and caps, serving diverse packaging needs. The IPO proceeds are planned for:
- Funding capital expenditure to set up a solar power plant
- Purchasing fixed assets for operational expansion
- Supporting general corporate purposes
This positions the company to enhance both its production capacity and sustainability initiatives in the PET packaging sector.
Summary
The Manas Polymers and Energies IPO opened with a spectacular debut on NSE Emerge, listing at 90% above its IPO price. With full subscription during the public issue and focused use of IPO proceeds for growth and capital expenditure, the company is set to strengthen its footprint in the food-grade PET packaging industry.
Key Takeaways:
- IPO raised Rs 23.5 crore entirely through a fresh issue
- Shares listed at Rs 153.90, a 90% premium to IPO price
- Strong investor demand, particularly from QIBs
- IPO funds to support solar plant setup, asset purchase, and corporate needs
Easy & quick
Leave A Comment?