Manilam Industries India IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
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 CollectionVogue…
Open Date
Fri, 20 Feb 2026
Close Date
Tue, 24 Feb 2026
Price Band
₹ 65 – 69
Lot Size
2000
Issue Size
₹ 40.00 Cr
Minimum Investment
₹ 276,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Manilam Industries India IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹40.00 Crore, comprising a fresh issue of 44.06 Lakh equity shares aggregating to ₹30.00 Crore and an offer for sale (OFS) of 10.92 Lakh equity shares aggregating to ₹10.00 Crore by the existing shareholders.
The Manilam Industries India IPO remained open for subscription from February 20, 2026, to February 24, 2026. The basis of allotment was finalized on February 25, 2026, and the company's shares were listed on NSE SME Platform on February 27, 2026.
The company had fixed the price band at ₹65 to ₹69 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹276,000 (based on the upper price band) to apply for one lot.
Mas Services Limited served as the registrar to the issue. NEXGEN Financial Solutions Pvt. Ltd. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Manilam Industries India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Manilam Industries India IPO Timeline (Tentative)
- IPO Open Date
- Fri, 20 Feb 26
- IPO Close Date
- Tue, 24 Feb 26
- Basis of Allotment
- Wed, 25 Feb 26
- Initiation of Refunds
- Thu, 26 Feb 26
- Credit of Shares to Demat
- Thu, 26 Feb 26
- Listing Date
- Fri, 27 Feb 26 — NSE & BSE
Open Date
20 February 2026
Close Date
24 February 2026
Basis Of Allotment
25 February 2026
Listing Date
27 February 2026
IPO Subscription
Check Live Subscription →The Manilam Industries India IPO has received bids for 2,44,36,000 shares against 38,60,000 shares offered, resulting in an overall subscription of 6.33x. the NII category is subscribed 12.84x, Retail Investors 5.88x, and QIBs 2.24x. Within the NII category, BNII is subscribed 14.69x, while SNII is subscribed 9.14x.
QIB
2.24x
NII
12.84x
BNII
14.69x
SNII
9.14x
RII
5.88x
Total
6.33x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,28,000 shares, representing 49.95% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,04,000 shares (28.6%), while Non-Institutional Investors (NIIs) receive 8,28,000 shares (21.45%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,104,000 | 28.6% |
| Non-Institutional | 828,000 | 21.45% |
| BNII | 552,000 | 14.3% |
| SNII | 276,000 | 7.15% |
| Retail Investors | 1,928,000 | 49.95% |
| Total | 3,860,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Manilam Industries India Limited KPI Information
| 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 |
| RoNW % | 8.35 | 24.8 | 12.65 | 7.1 |
| Pat Margin % | 5.33 | 5.33 | 2.28 | 1.08 |
Peers Comparison
| 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 |
About Manilam Industries India Limited
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.
Manilam Industries India IPO 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%
Manilam Industries India IPO Objective
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
Manilam Industries India Limited Address / Contact Details
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
Manilam Industries India IPO Lot Size
The Manilam Industries India IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,76,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,76,000.
| 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 |
Issue Reservation
- QIB — 28.6%
- NII — 21.45%
- RII — 49.95%
Book Running Lead Managers
- NEXGEN Financial Solutions Pvt. Ltd.
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Manilam Industries India IPO?
Manilam Industries India IPO is a Book-building IPO with a total issue size of ₹40 crore. The Manilam Industries India IPO price band is ₹65 to 69 per share. The Manilam Industries India IPO subscription opens on Fri, Feb 20, 2026, and closes on Tue, Feb 24, 2026. The Manilam Industries India IPO will be listed on the NSE. Mas Services Limited is the registrar for the Manilam Industries India IPO.
When will the Manilam Industries India IPO open for subscription?
The Manilam Industries India IPO opens on Fri, Feb 20, 2026 and closes on Tue, Feb 24, 2026
What is Manilam Industries India IPO Price Band?
Manilam Industries India IPO Price Band is ₹65 to 69 per share.
What is Manilam Industries India IPO Lot Size?
Manilam Industries India IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹276000 based on the upper price band
What is the minimum investment for Manilam Industries India IPO?
The minimum investment for Manilam Industries India IPO is ₹276000, based on one lot of 2000 shares at the upper price band of ₹69 per share.
How to apply for Manilam Industries India IPO?
Investors can apply for the Manilam Industries India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Feb 24, 2026. The application amount remains blocked until the Manilam Industries India IPO allotment is finalized.
What is Manilam Industries India IPO Issue Size?
Manilam Industries India IPO issue size is ₹40 crores.
What is the Manilam Industries India IPO Allotment Date?
Manilam Industries India IPO allotment date is Wed, Feb 25, 2026.
Who is the Manilam Industries India IPO Registrar?
The registrar for Manilam Industries India IPO is Mas Services Limited. Investors can go to Mas Services Limited website to check Manilam Industries India IPO allotment status, refund processing, and other IPO-related information.
Who is the Manilam Industries India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Manilam Industries India IPO are NEXGEN Financial Solutions Pvt. Ltd.. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Manilam Industries India IPO Red Herring Prospectus (RHP).