Manilam Industries India IPO Logo

Manilam Industries India IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Feb 20 to Feb 24 2026
Price Band ₹65 - 69
Current GMP ₹55.2 (-20%)
Subscription 6.25 times

IPO Details

IPO Date
20 to 24 Feb, 2026
Listing Date
Fri, Feb 27, 2026
Face Value
₹ 10 per share
Price Band
₹65 to ₹69
Issue Price
₹69 per share
Lot Size
2,000 Shares
Sale Type
Fresh Capital & OFS
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
57,90,000 shares (agg. up to ₹ 40 Cr)
Reserved for Market Maker
2,92,000 shares (agg. up to ₹ 2 Cr) Nikunj Stock Brokers Ltd.
Fresh Issue (Ex Market Maker)
44,06,000 shares (agg. up to ₹ 30 Cr)
Offer for Sale
10,92,000 shares of ₹ 10 (agg. up to ₹ 8 Cr)
Net Offered to Public
54,98,000 shares (agg. up to ₹ 38 Cr)
Share Holding Pre Issue
1,71,50,000 shares
Share Holding Post Issue
2,18,48,000 shares
NSE Symbol
MANILAM
ISIN
INE1ERK01013

IPO Subscription Details

Anchor
1
Market Maker
1
QIB (Ex Anchor)
2.24
NII***
12.49
bNII (> ₹10L)
14.16
sNII (< ₹10L)
9.14
Individual Investors
5.88
Total **
6.25

Day Wise Sub

DayFeb 2 0 (Day 1)
QIB (Ex Anchor)0.00
NII*0.35
NII (> ₹10L)0.49
NII (< ₹10L)0.07
Individual Investors0.30
Total0.23
DayFeb 2 3 (Day 2)
QIB (Ex Anchor)0.12
NII*3.37
NII (> ₹10L)3.70
NII (< ₹10L)2.70
Individual Investors2.02
Total1.77
DayFeb 2 4 (Day 3)
QIB (Ex Anchor)2.24
NII*12.49
NII (> ₹10L)14.16
NII (< ₹10L)9.14
Individual Investors5.88
Total6.25

Day Wise GMP

Date27-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date26-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date25-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date24-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date23-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date22-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date21-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date20-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date19-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date18-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69
Date17-02-2026
Price69.00
GMP0(0.00%)
Estimate List Price69

IPO Important Dates

IPO Open
Fri, Feb 20, 2026
IPO Close
Tue, Feb 24, 2026
Allotment
Wed, Feb 25, 2026
Refund
Thu, Feb 26, 2026
Credit of Shares
Thu, Feb 26, 2026
Listing
Fri, Feb 27, 2026

IPO Lot Size

ApplicationIndividual investors (Retail) (Min)
Lots2
Shares4,000
Amount₹2,76,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares4,000
Amount₹2,76,000
ApplicationS-HNI (Min)
Lots3
Shares6,000
Amount₹4,14,000
ApplicationS-HNI (Max)
Lots7
Shares14,000
Amount₹9,66,000
ApplicationB-HNI (Min)
Lots8
Shares16,000
Amount₹11,04,000

Key Performance Indicator

ROE
8.35%
ROCE
13.50%
RoNW
8.35%
PAT Margin
5.33%
EBITDA Margin
14.39%
Price to Book Value
2.75

Peers Comparison

Company NameManilam Industries India
EPS (Basic)1.88
P/E (x)
RoNW (%)8.35
Financial statements
Company NameArchidply Industries
EPS (Basic)1.62
P/E (x)52.41
RoNW (%)3.05
Financial statements
Company NameRushil Decor
EPS (Basic)0.31
P/E (x)
RoNW (%)-1.40
Financial statements

IPO Reservation

Market Maker Shares Offered
2,92,000 (5.04%)
QIB Shares Offered
27,42,000 (47.36%)
− Anchor Investor Shares Offered
16,38,000 (28.29%)
− QIB (Ex. Anchor) Shares Offered
11,04,000 (19.07%)
NII (HNI) Shares Offered
8,28,000 (14.30%)
− bNII > ₹10L
5,52,000 (9.53%)
− sNII < ₹10L
2,76,000 (4.77%)
Retail Shares Offered
19,28,000 (33.30%)
Total Shares Offered
57,90,000 (100.00%)

Information about company

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 February 10, 2026, the company employed a total of 152 individuals, including workers on third-party contracts.

Objectives of IPO

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure - Purchase of equipment/machineries 1.25 2 Capital Expenditure - Purchase and installation of Solar Panel at the Manufacturing Plant 2.20 3 Repayment in full or in part, of certain loans availed by the Company 3.50 4 Working Capital Requirements of the Company 16.65 5 Expenses for General Corporate Purposes Total 23.60

Disclaimer

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