Manilam Industries India IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 65 – 69
Lot Size
2000
Issue Size
₹40 Cr
Minimum Investment
₹276000 (4000 Shares)
Listing Date
27 February 2026
Subscription
6.33x
About the Company
Manilam Industries India Limited, incorporated in 2015, is engaged in the manufacturing and sale of decorative laminates and the trading of plywood products in India.
The company offers an extensive portfolio of decorative laminates under multiple collections, including:
- Artistica Collection
- Vogue Collection
- Dwar Collection
- Magnificent Collection
In response to evolving market trends and distributor feedback, the company has further expanded its product range with additional collections such as:
- Chromatic Tales
- Flute
- ECP
- Wood & Veneer
- Wall Cladding
These collections cater to both residential and commercial applications, offering a diverse range of textures, finishes, patterns, and contemporary designs.
Apart from laminates, the company is also engaged in the trading of plywood across various grades and sizes, primarily serving industrial and commercial customers.
The company’s manufacturing facility is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh. The plant spans approximately 20,650 square meters and operates under a Business-to-Business (B2B) model, wherein distributors—both large and small—place orders directly with the manufacturing unit.
To strengthen customer engagement and brand presence, Manilam Industries India Limited has established Experience Centres in major metropolitan cities, including Bangalore, Delhi, and Chennai. In Bangalore and Chennai, the company operates an integrated model combining Service Depots with Experience Centres. This integrated setup facilitates product display, inventory stocking, dispatch operations, and customer interaction at a single location. It allows customers to explore product offerings, receive expert advice on color coordination and design selection, and ensure efficient order fulfillment.
As of February 10, 2026, the company had a total workforce of 152 employees, including personnel employed through third-party contractual arrangements.
Promoters
- Manilam Retail India Private Limited
- Mr. Umesh Kumar Nemani
- Mr. Manoj Kumar Agrawal
- Mr. Aman Kumar Nemani
Promoters Holding
Holding Pre Issue
78.79%
Holding Post Issue
61.85%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- A. Capital Expenditure - Purchase of equipment/machineries 125.00 B. Capital Expenditure - Purchase and installation of Solar Panel at our Manufacturing Plant
- Repayment in full or in part, of certain loans availed by our Company
- Working Capital Requirements of our Company
- Expenses for General Corporate Purposes
Address / Contact Info
Manilam Industries India Ltd. Address
46 B. B. Ganguly Street
5th Floor, Room No-9
Kolkata, West Bengal, 700012
Email:info@manilam.com
Tel:+91 (033) 3507 6903
Website:https://www.manilam.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 20 February 2026
IPO Close Date
Tuesday, 24 February 2026
Basis of Allotment
Wednesday, 25 February 2026
Initiation of Refunds
Thursday, 26 February 2026
Credit of Shares to Demat
Thursday, 26 February 2026
Listing Date
Friday, 27 February 2026 — NSE & BSE
Important Dates
Open Date
20 February 2026
Close Date
24 February 2026
Basis Of Allotment
25 February 2026
Listing Date
27 February 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 159.99 | 158.98 | 149.56 | 133.55 |
| Revenue | 60.53 | 142.16 | 138.04 | 148.82 |
| Profit After Tax | 3.16 | 7.38 | 3.1 | 1.53 |
| Net Worth | 43.08 | 33.87 | 26.38 | 23.24 |
| Reserve & Surplus | 25.93 | 31.57 | 24.08 | 20.94 |
| Total Borrowings | 58.05 | 62.44 | 73.49 | 60.75 |
EPS Pre
4.30%
EPS Post
2.89%
P/E Pre
16.04
P/E (Post Issue)
23.85x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 8.35 | 24.8 | 12.65 | 7.1 |
| ROCE % | 13.5 | 36.68 | 25.03 | 15.84 |
| Debt / Equity | 0 | 0 | 0 | 0 |
| RoNW % | 8.35 | 24.8 | 12.65 | 7.1 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 5.33 | 5.33 | 2.28 | 1.08 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1104000 | 28.6 | 0 |
| Non-Institutional | 828000 | 21.45 | 0 |
| BNII | 552000 | 14.3 | 0 |
| SNII | 276000 | 7.15 | 0 |
| Retail Investors | 1928000 | 49.95 | 0 |
| Total | 3860000 | 100 | 0 |
Subscription Status ( Tue, 24 Feb 26 01:33 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1104000 | 2468000 | 2.24x |
| Non-Institutional | 828000 | 10632000 | 12.84x |
| BNII | 552000 | 8108000 | 14.69x |
| SNII | 276000 | 2524000 | 9.14x |
| Retail Investors | 1928000 | 11336000 | 5.88x |
| Total | 3860000 | 24436000 | 6.33x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Manilam Industries India Ltd | 10 | 0.00 | 1.88 | 1.88 | 8.35 | 0.00 |
| Archidply Industries Ltd | 10 | 52.41 | 1.62 | 1.62 | 3.05 | 0.00 |
| Rushil Decor Ltd | 1 | 0.00 | -0.31 | -0.31 | -1.40 | 0.00 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 276,000.00 |
| Retail (Max) | 2 | 4,000 | 276,000.00 |
| S-HNI (Min) | 3 | 6,000 | 414,000.00 |
| S-HNI (Max) | 7 | 14,000 | 966,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,104,000.00 |
Book Running Lead Managers
- NEXGEN Financial Solutions Pvt. Ltd.
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Manilam Industries India IPO is a Book-building IPO worth ₹40 crores. The price band is ₹65 to 69 per share. The IPO opens on Fri, Feb 20, 2026 and closes on Tue, Feb 24, 2026. It will be listed on BSE and NSE. Mas Services Limited is the registrar.
The Manilam Industries India IPO opens on Fri, Feb 20, 2026 and closes on Tue, Feb 24, 2026
Manilam Industries India IPO Price Band is ₹65 to 69.
Manilam Industries India IPO lot size is 2000, and the minimum amount required for application is ₹276000.
The minimum investment for Manilam Industries India IPO is approximately ₹276000 based on the upper price band.
To apply for the Manilam Industries India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Feb 24, 2026. After submission, funds are blocked until the basis of allotment of Manilam Industries India IPO is finalised.
Manilam Industries India IPO issue size is ₹40 crores.
Manilam Industries India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Manilam Industries India IPO is Mas Services Limited. Investors can go to Mas Services Limited website for IPO allotment status, refund processing, and other queries related to Manilam Industries India IPO through their official website or helpline.