Manas Polymers & Energies IPO

About Manas Polymers and Energies IPO

Manas Polymers and Energies Limited IPO is an IPO of up to 29,04,000 equity shares. It consists of a fresh issue of up to 29,04,000 equity shares. The lot size of the IPO is TBA. The price range is TBA.

The listing of shares will take place on TBA. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA, and the initiation of refunds will take place on TBA.

Objective of Manas Polymers and Energies IPO

• Funding of capital expenditure requirements towards setting up a solar power plant.
• Funding of capital expenditure requirements towards the purchase of fixed assets.
• General corporate purposes.

Industry Outlook

The Indian plastic industry is one of the leading sectors in the country’s economy. The history of the plastic industry in India dates back to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,500 exporters. It employs more than 40,00,000 people in the country and constitutes 30,000 processing units; among these, 85–90% belong to small and medium enterprises. The Government of India intends to take the plastic industry from a current level of ₹3,00,000 crore (US$3,780 crore) of economic activity to ₹10,00,000 crore (US$12,600 crore) in 4–5 years.

India is leading the renewable energy revolution, with a strategic emphasis on solar power to meet its growing electricity needs. The 14th National Electricity Plan (NEP14), introduced in May 2023, aims to double the country's electricity generation capacity by 2032, with solar energy poised to play a pivotal role. India has undergone a notable transformation in its power landscape since 2017, when solar energy constituted merely 1% of its power mix. Envisaging a substantial departure from the coal-dominated trajectory of the past decade, the NEP14 outlines ambitious targets for India. If successfully realised, the plan anticipates a surge in solar power's share from 5% to 25% between 2022 and 2032, marking a pivotal period of expansion. India plans to more than double its electricity generation capacity from 399.5 GW in 2022 to approximately 849 GW by 2032.

Company Information

Manas Polymers and Energies Limited is primarily engaged in the business of manufacturing and supply of premium food-grade PET preforms, PET bottles, jars, and closure caps. They sell their products, i.e., PET preforms, PET bottles, jars, and closure caps, to the PET (plastics) industry. They are also engaged in renewable power generation and distribution as an independent power producer (IPP).

Risks of Manas Polymers and Energies IPO

• They are primarily dependent upon a few key suppliers for the 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 their business operations and financial condition.

The prices of raw materials may fluctuate based on exchange rates, customs and duties levied on imports, or changes in government policies with respect to these materials or the countries supplying the same. They may be unable to make adequate provisions for the price fluctuations and, consequently, any adverse fluctuations that they have not factored in or provided for may adversely affect the results of their operations and their financial condition.

• A significant portion of their sales is concentrated in a single region, i.e., Madhya Pradesh, and the inability to operate and grow their business in this particular region may have an adverse effect on their business, financial condition, results of operations, cash flows, and future business prospects.

Any adverse developments in Madhya Pradesh, such as economic downturns, changes in local laws, or increased competition, could lead to a substantial loss of revenue. Additionally, natural disasters or unforeseen events in this region may further disrupt their operations and impact their financial performance.

• Their business operations rely on consistent solar weather conditions, and unfavourable solar weather conditions could have a material adverse effect on their business, financial condition, and results of operations.

Solar power is highly dependent on weather conditions, and the profitability of their operations depends not only on observed solar conditions at the project site but also on the consistency of those solar conditions. Unfavourable weather conditions, such as the monsoon, could impair the effectiveness of solar power projects, reduce their output beneath their rated capacity, require the shutdown of key equipment, impede the operation of solar power projects, and could materially and adversely affect their forecasted revenues and cash flows.

Anchor Investor Information

The Anchor Investor Bid/ Issue Period shall be one Working Day prior to the Bid/Issue Opening Date.

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Expert Global Consultants Private Limited

Registrar for the IPO is Purva Sharegistry (India) Private Limited

Business Model

The company earns its revenue through the following sources:

Independent Power Producer: They are engaged in the renewable power generation and distribution business and operate as an independent power producer (IPP) in Madhya Pradesh.

PET (Plastic) Manufacturing and Trading: They manufacture and supply premium food-grade PET preforms, PET bottles, jars, and closure caps to the PET (plastics) industry.

Company Growth Trajectory

The revenue generated from operations during the period ending on June 30, 2024, aggregated to ₹8.50 crores, of which ₹0.18 crores is from renewable energy and ₹8.32 crores is from the sale of products, representing 97.77% of the total income. The other income for the period ended on June 30, 2024, amounted to ₹0.19 crores, constituting 2.23% of the total income. Their profit after tax for the period that ended on June 30, 2024, amounted to ₹1.18 crores, constituting 13.55% of the total income.

Company Market Position

Currently, they market their products in 16 states of India, of which the majority portion of revenue comes from the states of Uttar Pradesh, Madhya Pradesh, Haryana, Jammu and Kashmir, Gujarat, and Rajasthan.

How To Check Allotment Status of Manas Polymers and Energies IPO?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Purva Sharegistry (India) Private Limited. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Manas Polymers and Energies Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Purva Sharegistry (India) Private Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Manas Polymers and Energies Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How to Apply for Dr Agarwal’s Health Care Ltd IPO?

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI