
Manilam Industries India
NSE SME₹2,76,000 / Individual : 4,000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 20 Feb 2026, 05:54 PM |
| QIBs | 0.00 times |
| NII | 0.35 times |
| Total | 0.23 times |
Manilam Industries India IPO Details
The Manilam Industries India IPO price band is set between ₹65-69 per equity share, with a face value of ₹10 per share. The issue is managed by MAS Services Ltd., and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 20 Feb, 2026 and closes on 24 Feb, 2026. Investors can check the allotment status on 25 Feb, 2026, while the listing date is tentatively scheduled for 27 Feb, 2026.
The total issue size is 57,90,000 shares, aggregating up to ₹39.95 crore. Stay tuned for the latest Manilam Industries India IPO review and GMP updates.
Manilam Industries India IPO Review, Rating & Analysis
Manilam Industries India IPO Review
NO REVIEWManilam Industries India IPO Rating
Manilam Industries India IPO Highlights
IPO Date
Feb 20, 2026 - Feb 24, 2026
Listing Date
27 Feb, 2026
Face Value
₹10 Per Equity Share
Price Band
₹65-69 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Manilam Industries India IPO Lot Size
The minimum market lot for Manilam Industries India IPO is 4 shares with an application amount of ₹276. Retail investors can apply for up to 724 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4 | ₹276 |
| Retail (Max) | 724 | 2896 | ₹1,99,824 |
| S-HNI (Min) | 725 | 2900 | ₹2,00,100 |
| S-HNI (Max) | 3623 | 14492 | ₹9,99,948 |
| B-HNI (Min) | 3624 | 14496 | ₹10,00,224 |
Manilam Industries India IPO Timeline
Issue Price
₹65-69 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
MAS Services Ltd.Lead Manager
NEXGEN Financial Solutions Pvt. Ltd.Issue Size
57,90,000 shares(aggregating up to ₹39.95 crore)Manilam Industries India IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 159.99 | 60.53 | 3.16 | 43.08 | 25.93 | 58.05 |
| 31-Mar-25 | 158.98 | 142.16 | 7.38 | 33.87 | 31.57 | 62.44 |
| 31-Mar-24 | 149.56 | 138.04 | 3.10 | 26.38 | 24.08 | 73.49 |
| 31-Mar-23 | 133.55 | 148.82 | 1.53 | 23.24 | 20.94 | 60.75 |
In Cr.
Manilam Industries India IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 1638000 | 28.29% |
| Market Maker Shares Offered | 292000 | 5.04% |
| QIB Shares Offered | 1104000 | 19.07% |
| NII (HNI) Shares Offered | 828000 | 14.3% |
| bNII > ₹10L | 552000 | 9.39% |
| sNII < ₹10L | 276000 | 4.85% |
| Individual Shares Offered | 1928000 | 33.3% |
| Total Shares Offered | 5790000 | 100% |
Manilam Industries India IPO Documents
Manilam Industries India IPO Valuations
EPS Pre IPO
₹4.30/-EPS Post IPO
₹2.89/-PE Pre IPO
16.04PE Post IPO
23.85ROE
24.80%ROCE
36.68%Debt Equity
-RoNW
24.80%PAT Margin
5.33%Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- Manilam Retail India Private Limited
- Mr. Umesh Kumar Nemani
- Mr. Manoj Kumar Agrawal
- Mr. Aman Kumar Nemani
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 78.79% | 61.85% |
About Company
Manilam Industries India Limited is a company incorporated in 2015, and it is involved in the manufacturing and subsequent sale of Decorative Laminates and Plywood.
The company has developed and marketed various laminate ranges, such as the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. However, due to market demand and feedback from distributors, other ranges such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced.
Apart from laminates, the company is also involved in the trading of plywood of various grades and sizes, mainly targeting the industrial and commercial markets.
The company’s manufacturing facility is situated at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, and it occupies a land area of 20,650 square meters. The company operates on a business-to-business (B2B) platform, where orders are placed by large and small distributors directly at the company’s manufacturing facility.
To increase customer engagement, Manilam Industries India Limited has developed Experience Centres in key cities such as Bangalore, Delhi, and Chennai. In Bangalore and Chennai, the company operates an integrated model consisting of Service Depots and Experience Centres, providing display, stock, dispatch, and customer engagement services from a single location. This model allows customers to display products, get expert advice on color and design combinations, and process orders efficiently.
As of February 10, 2026, the company had a total of 152 employees, including third-party contract employees.
Manilam Industries India IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 11,04,000 | 8,28,000
5,52,000
2,76,000
| 19,28,000 | 38,60,000 |
Day 120-02-26 05:00 PM | 0.00 x | 0.35
x
0.49 x
0.07 x
| 0.30 x | 0.22 x |
Manilam Industries India IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| A. Capital Expenditure - Purchase of equipment/machinery of the Company. B. Capital Expenditure - Purchase and installation of Solar Panel Panels at the manufacturing plant. | - |
| Repayment in full or in part, of certain loans availed by the Company | - |
| Working Capital Requirements of the Company | - |
| General Corporate Purposes | - |
Company Contact Details
Manilam Industries India
46, B. B. Ganguly Street 5th Floor, Room No-9 Kolkata, West Bengal, 700012Registrar Contact Details
Mas Services Limited
Frequently Asked Questions about Manilam Industries India IPO
When will Manilam Industries India IPO open for subscription?
The Manilam Industries India IPO opens on 20 Feb, 2026 and closes on 24 Feb, 2026.
What is the investors portion for Manilam Industries India IPO?
The investors' portion for QIB is 0.00 x, NII is 0.49 x, and Retail is 0.30 x.
How to apply for Manilam Industries India IPO?
You can apply for Manilam Industries India IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Manilam Industries India IPO?
The issue size of Manilam Industries India IPO is approx ₹57,90,000 shares(aggregating up to ₹39.95 crore) crores.
What is the price band of Manilam Industries India IPO?
The price band for Manilam Industries India IPO is ₹65 to ₹69 per equity share.
What is the lot size of Manilam Industries India IPO?
The minimum bid (lot size) for Manilam Industries India IPO is 2000 shares with an investment of approx ₹2,76,000 .
What is the allotment date of Manilam Industries India IPO?
The allotment date for Manilam Industries India IPO is 25 Feb, 2026.
What is the listing date of Manilam Industries India IPO?
The listing date for Manilam Industries India IPO is expected to be 27 Feb, 2026.
What is the GMP of Manilam Industries India IPO?
The latest Grey Market Premium (GMP) for Manilam Industries India IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
