Manas Polymers and Energies Ltd. IPO

We are primarily engaged in the business of manufacturing and supply of premium food-grade PET preforms and PET bottles, jars and closure caps. We sell the products i.e. PET preforms and PET bottles, jars and closure caps to the PET (plastics) industry. We are also engaged in the ... renewable energy. Initially, the business of the Company was started by Late Anju Bhadauria in the year 2015 as a sole proprietorship concern under the name and style of “M/s. Manas Power and Infrastructure” wherein the renewable power generation and distribution business was being carried out by M/s. Manas Power and Infrastructure and, also in the year 2017 as a sole proprietorship concern under the name and style of “M/s Manas Polymers” wherein the manufacture and supply of premium food-grade PET preforms, PET bottles, jars and closure caps was being carried out by M/s. Manas Polymers to cater to the PET (plastics) industry. Late Anju Bhadauria who commenced the aforesaid business possessed the requisite experience, expertise and in-depth industry knowledge which gives us the key competitive advantage and enables us to expand the geographical and client presence in the existing industry, while exploring new growth avenues. In addition to Late Anju Bhadauria, Vineet Bhadauria and Dhruv Bhadauria was also responsible for spearheading the growth of the business and aptly supported the business alongwith a dedicated team. the Company was incorporated on January 19, 2024 for the purpose of expansion of the business and, accordingly, the Company acquired the business of “M/s. Manas Polymers” and “M/s. Manas Power and Infrastructure” in terms of a Business Transfer Agreement dated January 25, 2024 on a going concern basis. Anju Bhadauria, one of the erstwhile Promoter was appointed as a director in the Company on January 19, 2024, however post her demise Vineet Bhadauria, Dhruv Bhadauria and Janvi Bhadauria are looking after the overall business operations of the Company. The Company acquired the proprietorship concerns of the erstwhile Promoter i.e. Late Anju Bhadauria under the name and style of “M/s. Manas Polymers” and “M/s. Manas Power and Infrastructure” by way of a Business Transfer Agreement dated January 25, 2024 to expand the business of PET plastic and renewable energy for an aggregate consideration of Rs. 509.00 Lakhs. Late Anju Bhadauria started the business of generating and distribution of renewable energy in the year 2015 and forayed in the business manufacturing and selling of PET preforms in the year 2017, which is now managed by Vineet Bhadauria, Dhruv Bhadauria and Janvi Bhadauria. Read more

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