Phytochem Remedies IPO Withdraws ₹38 Crore Issue After Undersubscription
Manas Polymers IPO Sees Moderate Demand, Subscribed 1.24x by Day 3
Last Updated: 30th September 2025 - 05:45 pm
Manas Polymers and Energies Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription, with Manas Polymers' stock price set at ₹76-81. The ₹23.52 crore IPO reached 1.24 times by 5:10:01 PM on day three.
Manas Polymers IPO qualified institutional buyers (ex-anchor) segment leads with strong 6.66 times subscription, whilst non-institutional buyers demonstrate moderate participation at 1.78 times and individual investors show minimal interest at 0.19 times.
IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (September 26) | 0.00 | 0.01 | 0.03 | 0.02 |
| Day 2 (September 29) | 0.00 | 0.03 | 0.06 | 0.05 |
| Day 3 (September 30) | 6.66 | 1.78 | 0.19 | 1.24 |
Subscription Details as of Day 3 (September 30, 2025, 5:10:01 PM)
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) | Total Application |
|---|---|---|---|---|---|
| Market Maker | 1.00 | 1,47,200 | 1,47,200 | 1.19 | - |
| QIB (Ex Anchor) | 6.66 | 2,78,400 | 18,54,400 | 15.02 | 6 |
| Non-Institutional Buyers | 1.78 | 6,86,400 | 12,20,800 | 9.89 | 27 |
| Individual Investors | 0.19 | 17,92,000 | 3,42,400 | 2.77 | 107 |
| Total | 1.24 | 27,56,800 | 34,17,600 | 27.68 | 140 |
Key Highlights - Day 3
- Overall subscription reached moderate 1.24 times, showing substantial improvement from day two's 0.05 times
- Qualified institutional buyers (ex-anchor) showing strong performance at 6.66 times, building substantially from day two's 0.00 times
- Non-institutional investors displaying moderate interest at 1.78 times, building substantially from day two's 0.03 times
- Individual investors showing minimal confidence at 0.19 times, building substantially from day two's 0.06 times
- Total applications reached 140, indicating minimal investor participation for this SME IPO
- Cumulative bid amount reached ₹27.68 crores, exceeding the issue size of ₹23.52 crores
Manas Polymers IPO - Day 2 Subscription at 0.05 Times
- Overall subscription reaching limited 0.05 times, showing marginal improvement from day one's 0.02 times
- Individual investors displaying minimal confidence at 0.06 times, building marginally from day one's 0.03 times
- Non-institutional investors showing minimal performance at 0.03 times, building marginally from day one's 0.01 times
- Qualified institutional buyers (ex-anchor) showing minimal performance at 0.00 times, unchanged from day one's 0.00 times
Manas Polymers IPO - Day 1 Subscription at 0.02 Times
- Overall subscription reached limited 0.02 times, showing cautious initial investor interest
- Individual investors displaying minimal confidence at 0.03 times, showing very weak retail sentiment
- Non-institutional investors showing minimal performance at 0.01 times, indicating very weak HNI appetite
- Qualified institutional buyers showing minimal performance at 0.00 times, indicating no initial institutional appetite
About Manas Polymers and Energies Limited
Manas Polymers and Energies Limited manufactures premium food-grade PET preforms, bottles, jars, and caps, and is engaged in renewable power generation and distribution as an independent power producer, serving various industries including automotive, construction, packaging, agriculture, and energy, holding ISO certifications for quality, environmental, and risk management with 27 employees as of June 2024.
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