Manas Polymers & Energies IPO: Key Details & Subscription Status

IPO Snapshot & Key Details

Let’s start with what we know about the Manas Polymers & Energies IPO (as of public sources):

Parameter	Detail
IPO type	SME / Book‑building issue on SME platform (NSE SME)
Issue size	₹ 23.52 Crores (approx.)
Price band	₹ 76 to ₹ 81 per share
Face value	₹ 10 per share
Lot size	1,600 shares per lot
Minimum investment	₹ 1,29,600 (i.e. 1,600 × ₹ 81)
IPO open date	26 September 2025
IPO close date	30 September 2025
Allotment date (expected)	1 October 2025
Refund / share credit date	3 October 2025 (refund initiation & share credit)
Tentative listing date	6 October 2025 on NSE SME

Subscription Status (Demand Side)

“Subscription status” refers to how many bids / applications were received in relation to the number of shares offered, typically shown separately for categories such as Retail, NII, QIB.

From publicly available data:

• IPO Dekho reports subscription numbers during the IPO period: QIB, NII, Retail categories were active.
• According to IPO Dekho’s subscription page:
  • Retail subscription was 0.19× (i.e. retail bids covered only ~19% of its allotted quota)
  • Non‑institutional (NII) subscription was 1.78×
  • Overall subscription was 1.24×
• On Day 1, Manas Polymers IPO received very low subscription: ~0.0033× overall, and retail ~0.0054× according to one source.
• Some sources mention the allocation quotas: 35% for Retail, 50% for QIB, 15% for NII.
• Business Standard states that the issue is an SME IPO, priced fixed at ₹ 81 per share.

Interpretation: The IPO demand was relatively weak overall, especially on the retail side. Retail investors may face low or no allotment if their category was under‑subscribed or weakly subscribed.

How to Verify Allotment Status Online (Step by Step)

Once the allotment is declared (expected 1 October 2025), here’s how to check your status:

Method 1: Registrar’s Website (Purva Sharegistry India Pvt. Ltd.)

1. Go to Purva Sharegistry’s IPO / Investor Services / Allotment status page.
2. From the dropdown list, select Manas Polymers & Energies IPO (or relevant issuer).
3. Enter one of:
   • PAN (Permanent Account Number)
   • Application Number
   • DP Client ID / Demat Account Number
4. Enter the captcha / security code (if shown).
5. Click Submit or Check Status.
6. The result will display:
   • Shares applied
   • Shares allotted
   • Your name, Application number, etc.
   • If not allotted, it may show “0 shares / Not allotted”

Method 2: BSE / NSE Allotment Portals

• BSE: Visit BSE’s investor application check page (often appli_check.aspx or similar).
  • Select Issue Type = Equity / SME
  • Issue Name → Manas Polymers & Energies
  • Input PAN, Application Number
  • Verify captcha and click Search
• NSE: If the SME IPO is listed via NSE SME, NSE’s IPO/allotment page may support lookup:
  • Select IPO name
  • Enter PAN, Application Number
  • Submit to view status
• IPO Ji also lists instructions to check using BSE & NSE portals for this IPO.

Method 3: Broker / Demat / Trading Account

• Log in to your trading or demat account (Zerodha, Upstox, Angel One, etc.).
• Go to IPO / Orders / Allotments section or IPO history.
• Choose Manas Polymers & Energies IPO from the list you applied for.
• The interface will show:
  • Number of shares allotted (if any)
  • Status like “Alloted”, “Partially Allotted”, or “Not Allotted”
• Many brokers also send SMS / email notifications of allotment.

Method 4: IPO / Aggregator Websites & Apps

• Platforms like IPO Ji provide allotment status checks:
  1. Visit IPO Ji’s “IPO Allotment Status” page.
  2. Choose Manas Polymers & Energies IPO.
  3. Enter PAN / Application / Demat ID.
  4. Click Check.
• They often fetch the data from the registrar.
• InvestorGain also provides steps & a link to the registrar’s page.

Important Points & Tips You Should Know

Here are key observations and tips regarding this IPO’s allotment and subscription:

1. Basis of Allotment / Allotment Rules
   The registrar will publish a basis of allotment document, showing how applications were validated and how shares were allocated in various categories. This document is useful to understand how many applications were valid, rounding rules, etc.
2. Minimum Lot & Application Size
   • One lot = 1,600 shares
   • Minimum investment = ₹ 1,29,600 (1,600 × ₹ 81) for the highest price in the band.
   • Retail application is likely restricted to small number of lots (depending on category) as per IPO norms.
3. Refunds / Credit Timing
   • Refunds for unsuccessful applicants are expected to initiate on 3 October 2025.
   • Shares allotted will also be credited to your demat account on the same date, 3 October 2025.
   • Listing expected on 6 October 2025 on NSE SME.
4. Demand vs Oversubscription Risk
   • The IPO experienced weak retail demand (0.19×) whereas NII and institutional sectors had stronger bids.
   • Because the retail portion was undersubscribed, some retail investors may get full allotment; but given weak interest, chances of non‑allotment rise in categories with higher demand.
5. Error in Application Leads to Rejection
   Applications with incorrect PAN, demat ID, bank or UPI mismatch, multiple applications under same PAN—such errors often lead to rejection. Always check your details before applying.
6. Check Official Announcements / Updates
   Sometimes allotment dates get delayed or clarified. Always cross-check via registrar’s announcements or stock exchange notices.
7. No Guarantee of Listing Gains
   Even if you are allotted shares, listing gains depend on market sentiment, demand, broader market conditions, etc.
8. Contact Registrar in Case of Discrepancy
   If your status shows allotted but shares don’t reflect in your demat, or you see anomalies, reach out to Purva Sharegistry (India) Pvt. Ltd.
   • Phone: 022‑23018261 / 23016761
   • Email: [email protected]