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Manilam Industries India Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹69
Per Share
GMP
+₹2
+2.9% Grey Market
Est. Listing
₹71
Expected Price
Min. Application
₹276,000
2 lots × 2000 shares
IPO Issue Details
Issue Price / Price Band₹69 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size57,90,000 shares (agg. up to ₹40 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 20 Feb 2026
Subscription CloseTue, 24 Feb 2026
Anchor AllotmentThu, 19 Feb 2026
Basis of AllotmentWed, 25 Feb 2026
Initiation of RefundsThu, 26 Feb 2026
Credit of Shares to DematThu, 26 Feb 2026
Listing DateFri, 27 Feb 2026
UPI Mandate Deadline5:00 PM on 24 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,76,000 — 4,000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (3 Lots)₹4,14,000 — 6,000 shares
EPS (Pre-IPO)₹4.30
EPS (Post-IPO)₹2.89
P/E Ratio (Pre-IPO)16.04x
P/E Ratio (Post-IPO)23.85x
Net Offer to Public54,98,000 shares (agg. up to ₹38 Cr)
Reserved for Market Maker2,92,000 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding1,71,50,000 shares
Post-IPO Promoter Holding2,18,48,000 shares
Fresh Issue Shares44,06,000 shares (agg. up to ₹30 Cr)
Offer for Sale Shares10,92,000 shares of ₹10 (agg. up to ₹8 Cr)
About Manilam Industries India Ltd

Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood.The company has developed and launched several laminate collections, including the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. In response to market demand and distributor feedback, additional collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced. These collections cater to both residential and commercial applications, providing a wide range of designs and finishes.In addition to laminates, the company is involved in the trading of plywood in different grades and sizes, primarily serving industrial and commercial sectors.The company’s manufacturing plant is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, covering an area of 20,650 square meters. It operates on a business-to-business (B2B) model, with distributors—both large and small—placing orders directly with the manufacturing plant.To enhance customer engagement, Manilam Industries India Limited has established Experience Centres in major cities including Bangalore, Delhi, and Chennai. In Bangalore and Chennai, the company follows an integrated setup combining Service Depots with Experience Centres, offering display, stock, dispatch, and customer interaction from a single location. This setup enables customers to view products, receive expert guidance on colour and design combinations, and fulfil orders efficiently.As of the date of the Draft Red Herring Prospectus, the company employed a total of 149 individuals, including workers on third-party contracts.

Objects of the Issue

Manilam Industries India Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
A. Capital Expenditure - Purchase of equipment/machinery of the Company. B. Capital Expenditure - Purchase and installation of Solar Panel Panels at the manufacturing plant.
1.25
2
Repayment in full or in part, of certain loans availed by the Company
2.20
3
Working Capital Requirements of the Company
3.50
4
General Corporate Purposes
16.65
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,71,50,000 shares
Post-IPO Promoter Holding 2,18,48,000 shares
Check AllotmentCheck Status →
Manilam Industries India Ltd — Live Price LIVE
₹69.00
INR · NSE
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Issue ₹69.00 GMP: +₹2 (+2.9%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹69
GMP+₹2
Est. Listing₹71
Lot Size2,000 shares
Min Amount₹276,000
Listing Date27 Feb 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹69
Listing Date27 Feb 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 292,000 ₹2.01 Cr
TOTAL 5,790,000 100.00% ₹39.95 Cr
* Based on ₹69.00 (upper price band)
Lot Size & Investment Details
Lot Size
2,000
Shares
Issue Price
₹69.00
Per Share
Min Investment
₹138,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 2,000 ₹138,000
Retail (Max) 13 26,000 ₹1,794,000
sNII (Min) 14 28,000 ₹1,932,000
bNII (Min) 68 136,000 ₹9,384,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 60.53 142.16 138.04
EBITDA 8.60 17.63 14.06
Profit After Tax (PAT) 3.16 7.38 3.10
Net Worth 43.08 33.87 26.38
Total Assets 159.99 158.98 149.56
Reserves & Surplus 25.93 31.57 24.08
Total Borrowings 58.05 62.44 73.49
Key Ratios & Valuation
Issue Price ₹69
Face Value ₹10 Per Share
P/BV 2.75
RoE 8.35%
RoCE 13.50%
RoNW 8.35%
PAT Margin (%) 5.33%
EBITDA Margin (%) 14.39%
Debt / Equity N/A
Company Details
Company
Manilam Industries India Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
46 B. B. Ganguly Street 5th Floor, Room No-9 Kolkata, West Bengal, 700012
Book Running Lead Managers
NEXGEN Financial Solutions Pvt. Ltd.
Book Running Lead Manager (BRLM)